The Asia-Pacific Feed Antioxidants Market was worth USD 100.76 million in 2021 and estimated to be growing at a CAGR of 4.52%, to reach USD 128.72 million by 2026.
The market is to show significant potential in the mentioned forecasting period. The market continues to gain momentum as a result of Antioxidants’ essential contribution to all kinds of animal feeds and is hence expected to exhibit steady growth in years to come thus resulting in agriculture industry to show interest in the market.
Feed Antioxidants are compounds used as additives for animals feeds to increase their shelf life by preventing excess oxidation in finished feeds and guts of animals. Antioxidants also help by protecting feed’s nutritional supplements from deterioration which includes fats, vitamins and pigments.
Drivers and Restraints of Asia-Pacific Feed Antioxidants Market:
Increasing awareness among companies about Antioxidants’ benefits in Animal health has led the Antioxidants market to show significant growth lately. Other major factors driving the Feed Antioxidants market include increase in feed prices, industrialization of livestock industry, reduced wastage due to oxidation and the outbreak of livestock disease fuelling additives market. These few factors have played a key role in the growth of the market recently. Apart from these, the market is also facing some restraints and challenges which include competition with other industries for raw materials, price volatility of Agri-commodities and stringent government regulationsa.
Asia-Pacific Feed Antioxidants Market – By Livestock:
Asia-Pacific Feed Antioxidants Market – By Antioxidant Types:
Of all livestock, poultry accounts for the highest share in the market due to the adoption of intensive farming system for it more than in any other segment. Similarly, the Asia-Pacific Feed Antioxidants Market is dominated by ethoxyquin because of its efficacy, closely followed by BHT and BHA.
On the basis of geographical analysis, the Asia-Pacific Feed Antioxidants Market is segmented under various countries namely China, India, Japan, Australia and South Korea.
Some of the major companies leading the Asia-Pacific Feed Antioxidants Market include Adisseo France SAS, Archer Daniels Midland Company, Cargill Inc, DSM, AllTech, Danisco, Kemin Europa, Nutreco N.V.,Novus International, Perstorp.
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