The Europe feed antioxidants market size is expected to reach USD 72.41 million in 2024 and reach USD 92.73 million by 2029, growing at a CAGR of 5.07% from 2024 to 2029.
The Europe feed antioxidants market is gaining momentum because of essential contribution by antioxidants to all kinds of animal feeds and is therefore predicted to show steady growth in years to come resulting in agriculture companies to gain interest in the market.
Feed Antioxidants are chemicals used in feeds for livestock to increase their shelf life as they prevent unnecessary oxidation in the finished feeds and animal guts. Antioxidants also assist in preventing deterioration of nutritional supplements in the feed which include vitamins, pigments and fats.
Rising awareness about the benefits of antioxidants among farmers in animal healthcare has recently led to significant growth in the European feed antioxidants market. Other key factors responsible for driving the Feed Antioxidants market include an increase in feed prices, wastage reduction due to oxidation, industrialization in the livestock industry, and the outbreak of livestock disease fuelling the additives market. These factors have played a key role in the recent growth of the European feed antioxidants market. Besides these, the market is also facing some restraints and challenges, which include stringent government regulations, competition for raw materials with other industries, and price volatility of Agri-commodities.
Some of the major companies leading the Europe Feed Antioxidants market include Adisseo France SAS, Kemin Europa, AllTech, Cargill Inc, Archer Daniels Midland Company, Danisco, Nutreco N.V., DSM, Novus International, Perstorp.
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