Feed Antioxidants Market poised to expand with robust pace by 2016-2024
Generally, the antioxidants are termed as shelf-life extenders. The feed antioxidants protect the feed nutrients in the feed such as proteins, vitamins, fats, pigments and flavoring agents from deterioration which thus gives a nutrient security or guarantee top the animals. The feed oxidization prevention is a must as it can affect the animal health and performance. Thus, the demand for feed antioxidants product drives the global market.
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Global Feed Antioxidants Market: Growth Factors
The global feed antioxidants market is fuelled mainly due to the increasing cost of feed. They also help in enhancing the animals’ resistance to disease. The feed nutrients in the feed are protected from deterioration, which increases the shelf life of the feed, and thus, reduces the wastage, which in turn boosts the global feed antioxidants market. The future market rise is also predicted as it can be used as mold inhibitors in the feed antioxidants industry.
Global Feed Antioxidants Market: Segmentation
The basic feed antioxidants type include natural and synthetic. The global feed antioxidants market is bifurcated based on the types, livestock, and geography. The synthetic types segment is further segmented into ethoxyquin, BHT, BHA, and others. The livestock segment is categorized into cattle, swine, poultry, aquaculture and others. The geographical segmentation includes Europe, Asia-Pacific, North America and Rest of the World.
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Global Feed Antioxidants Market: Regional Analysis
The Asia Pacific regions dominate the global market for feed antioxidants in the world. It accounts for almost 45% of the consumption in those regions. The other region such as North America and Europe also boosts the growth of the feed antioxidants market. The growth in the markets in countries such as India, China, and Brazil flourishes owing to the hot and humid climate and also the large number livestock industry. The major share in the feed antioxidant is comprised of the poultry industry and swine breeding industry.
Global Feed Antioxidants Market: Competitive Players
The major players in the feed antioxidants market include Kemin Industries, BASF SE, Impextraco and Cargill, Inc. The other players in the global feed antioxidant market include Danisco, ADM, Perstorp, Nutreco, All Tech, Adisseo France Sas, Novus International, Archers Daniels Midland and DSM. A number of leading companies are investing major of their shares in the manufacture and development of the feed antioxidants in order to earn the economic benefit from the growing trend in the global market. The escalating demand for the feed antioxidants all around the globe is driving the global key players to include feed antioxidant to their products. The companies are investing more in the R&D to reduce the overall production cost and produce new advanced products.
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Global Feed Antioxidants Market: Regional Segment Analysis
Middle East & Africa
What Report Provides
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Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
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Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.
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