Latin America Feed Antioxidants Market Rising Demand for Natural antioxidants
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Natural antioxidants Dominate the Feed Antioxidants Market:
Natural Antioxidants accounted for 37.9% of the market and are expected to grow at a CAGR of 6.8% between 2022 and 2028. These products are commonly used to provide product stability and longer shelf life, as well as to safeguard finished goods and raw materials. Furthermore, the availability of antioxidants in large quantities and at reasonable rates is one of the major factors driving market expansion. Because of the growing need to replace synthetic antioxidants, the market for natural antioxidants is growing.
Brazil Leads Feed Antioxidants Market
Brazil holds a market share of 48.9% in the feed antioxidants market in the forecast period, and it is projected to grow at a CAGR of 6.4% in the coming years. Increasing research activities in the region and increasing demand for natural antioxidants for the health of animals drive the market in the region.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players
Latin America Feed Antioxidants market further reveals that the key players increasingly adopting strategies such as the launch of newer products, frequent product approvals, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region.
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Key player's profiles in the report are NOVUS INTERNATIONAL, Kemin Industries, Inc., BASF SE, Impextraco NV, Cargill, DuPont, Perstorp, Alltech, Adisseo, and Archer Daniels Midland Company
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