Feed Antioxidants Market

 Global Feed Antioxidants Market Size (2023 to 2028)

The global feed antioxidants Market is expected to grow at USD 299.65 million in 2023 and is estimated to be growing at a CAGR of 5.35%, to reach USD 388.88 million by 2028.

Global Feed Antioxidants Market Share Insights:

• Based on livestock, the swine segment dominated the market in 2022.
• Based on type, the BHA antioxidants segment led the global market in 2022.
• Based on region, the North American region accounted for the major share of the global market in 2022.

Feed Antioxidants are substances used in feed for animals to increase their shelf life by preventing unnecessary oxidation in finished feeds and animal guts. Antioxidants also help protect nutritional supplements in the feed from deterioration, which includes vitamins, fats, and pigments.

The market is showcasing the evident potential in the mentioned forecasting period. The Feed Antioxidants Market has continued to gain momentum because of Antioxidants’ essential contribution to all kinds of animal feeds and is thus expected to show steady growth in years to come, resulting in the agriculture industry growing interested in the market.

Increasing awareness among farmers about the benefits of Antioxidants on Animal health has led the market to show significant growth recently. Other factors driving the growth of the Feed Antioxidants Market size include increasing feed prices, reduced wastage due to oxidation, the industrialization of the livestock industry and the livestock disease outbreak fuelling additives market. These factors have played a key role in the recent growth of the market. Besides these, the Feed Antioxidants Market also faces some challenges and restraints, which include competition for raw materials with other industries, stringent government regulations and price volatility of Agri-commodities.

REPORT COVERAGE:

This research report on the global feed antioxidant market has been segmented & sub-segmented into the following categories.

Feed Antioxidants Market - By Livestock:

• Swine
• Cattle
• Poultry
• Aquaculture
• Other Livestock

Feed Antioxidants Market - By Antioxidant Types:

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

Feed Antioxidants Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The market was dominated by Asia-Pacific, led by China and India, with an overall market share of over 35% globally. Asia-Pacific was followed by North America, led by the US. Rapid industrialization drives the market growth in North America and thus, it is expected of America to show the highest CAGR in the years to come.

KEY MARKET PLAYERS:

Some of the major companies leading the feed antioxidants market include Adisseo France SAS, Alltech, Archer Daniels Midland Company, Cargill Inc, Danisco, DSM, Nutreco N.V., Novus International, Kemin Europa, Perstorp are playing a dominating role in global feed antioxidant market.