Middle East and Africa Feed Antioxidants Market was worth USD 25.38 million in 2021 and estimated to be growing at a CAGR of 5.444%, to reach USD 30.26 million by 2026.
The Middle East & Africa Feed Antioxidants Market has continued to grow rapidly because of Antioxidants’ essential contribution in all kinds of feeds for animal and is thus predicted to show steady growth in next few years, resulting in agriculture industry to grow interest in the market.
Feed Antioxidants are chemicals used as additives in feed for animals to have an increase in their shelf life by avoiding oxidation in animal guts and finished feeds. Antioxidants also provide help in saving nutritional supplements in the feed from deterioration which includes fats, pigments and vitamins.
Drivers and Restraints of Middle East and Africa Feed Antioxidants Market:
Increasing awareness about benefits of Antioxidants on Animal health among farmers has resulted in the Middle East & Africa Feed Antioxidants Market to show evident growth recently. Other key factors driving the Feed Antioxidants market’s growth include reduced wastage due to oxidation, increasing feed prices, industrialization of the livestock industry and the outbreak of livestock disease fuelling additives market. These factors have played a major role in the growth of the market lately. Besides them, the Middle East & Africa Feed Antioxidants Market also experiences some challenges and restraints which include competition with other industries for raw materials, price volatility of Agri-commodities and stringent government regulations.
Middle East and Africa Feed Antioxidants Market - By Livestock:
Middle East and Africa Feed Antioxidants Market - By Antioxidant Type:
On the basis of geographical analysis, the Middle East & Africa Feed Antioxidants market is segmented under two regions namely Middle East and Africa.
Some of the major companies leading the Middle East & Africa Feed Antioxidants market include Adisseo France SAS, Archer Daniels Midland Company, AllTech, Danisco, Cargill Inc, Nutreco N.V., DSM, Kemin Europa, Novus International, Perstorp.
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