Asia-Pacific Feed Antioxidants Market

Asia-Pacific Feed Antioxidants Market Size (2024 to 2029)

The Asia-Pacific feed antioxidants market size is expected to reach USD 115.05 million in 2024 and reach USD 143.50 million by 2029, growing at a CAGR of 4.52% from 2024 to 2029.

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.

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 an increase in feed prices, industrialization of the 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 regulations.

SEGMENT ANALYSIS

Asia-Pacific Feed Antioxidants Market Analysis By Livestock

• swine
• cattle
• poultry
• aquaculture
• other livestock animals

Asia-Pacific Feed Antioxidants Market Analysis By Antioxidant Types

• BHA Antioxidants
• BHT Antioxidants
• Ethoxyquin Antioxidants
• other Synthetic Feed Antioxidants

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.

COUNTRY ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

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.

KEY PLAYERS IN THE ASIA-PACIFIC FEED ANTIOXIDANTS MARKET

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.