Latin America Feed Antioxidants Market Rising Demand for Natural antioxidants

According to Precision Business Insights (PBI) latest report, The latin america feed antioxidants market size is expected to be worth USD 32.9 million in 2021, growing at a high CAGR of 6.3% from 2022 to 2028 to reach USD 50.4 million by 2028.. Latin America Feed Antioxidants Market 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 Forecast to 2028.

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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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