Feed Antioxidants Market Was Valued at USD 390 Million in 2021, Driven by Demand For Natural Anti-Oxidants

The Global Feed Antioxidants market is valued at USD 390 million in 2021, growing at a CAGR of 4% from 2022 to 2028. Global Feed Antioxidants Market Segmented by Antioxidant Type (Natural (Rosemary Extract, Tocopherols, Gallic Acid, Oil Seeds, Corn, Rapeseeds and Others)), Synthetic antioxidants (Ethoxyquin, BHT, BHA, Vitamin E, Propyl Gallate and Others), Feed Type (Broilers Pre-starter Feed, Piglets Pre-starter Feed, Cattle Pre-starter Feed, Aqua Pre-starter Feed, Pet Food, Cattle Feed, Poultry Feed, Aqua Feed, Pig Feed, Feed Premixes, Raw Material) and Geography. Key player's profiles in the report includes NOVUS INTERNATIONAL, Kemin Industries, Inc., BASF SE, Impextraco NV, Cargill, DuPont, Perstorp, Nutreco, Alltech, Adisseo and DSM. Veterinary feed manufacturers are focused on formulated antioxidant products than the single form due to high affectivity of the product. The natural antioxidants i.e., mixed tocoferols are extracted from vegetable oils are suitable for stabilization of animal feed ingredients, which contains oil and fat elements susceptible to rancid. Delta, gamma tocoferols are preferred for antioxidant activity in oils and fats. The mixed type of tocopherol twice as effective than the single alpha tocopherol.

View Detailed Report Description at https://precisionbusinessinsights.com/market-reports/global-feed-antioxidants-market/

Synthetic Antioxidants are Dominate the Feed Antioxidants Market
Based on its Type, the market is segmented into natural antioxidants and synthetic antioxidants. Synthetic antioxidants accounted for 75% of the market share in 2021 and is expected to grow at a CAGR of 3.1% between 2022 and 2028. Increasing demand from poultry industry and changing customer preference expected to drive the synthetic antioxidant segment. However, the cost, lack of standardization (purity, analytical methods, and regulatory definition), and efficacy of natural AOX compared to synthetic AOX are major constraints currently. Although the ETQ based product has not been withdrawn or banned in the EU, producers are looking for substitute products because of its future is uncertain AND/OR concerns about the risks associated with consumers' perception after the publication of the suspension.

Asia Pacific Leads Feed Antioxidants Market
Asia Pacific holds the market large revenue share in the feed antioxidants market over the forecast period, and it is projected to grow at a CAGR of 4.5% in the coming years. The increased production and consumption of animal and poultry meat are attributed to the market growth in this region. Market players in Asia Pacific region focus to improve the sales and revenue growth of antioxidants business by means of acquiring and targeting new customer segments. Several respondents in Asia Pacific region especially in china noted that, they have been focusing on mid and large farms to create the new sales channel and aiming at growing at faster rate than the industry average.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players
Global Feed Antioxidants market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In February 2021, Alltech and DLG Group (DLG) joined forces, with a focus on delivering greater profitability and efficiency to livestock producers in Scandinavia. Alltech and DLG are nearing completion on the acquisition of Karki-Agri, a Finnish company that will increase their offering of innovative, field-proven animal nutrition while also expanding their feed oxidants range.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=16735

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.