The North America Feed Antioxidants Market was worth USD 71.96 million in 2021 and estimated to be growing at a CAGR of 6.51%, to reach USD 92.3million by 2026. The North America Feed Antioxidants Market has continued to build momentum as a result of Antioxidants’ essential contribution to all kinds of animal feeds and is therefore expected to show a steady growth in coming years, resulting in agriculture based companies to take interest in the market.
Feed Antioxidants are chemical substances used in animal feeds to increase their shelf life by preventing unnecessary oxidation in animal guts and finished feeds. Antioxidants also assist in preventing nutritional supplements in the feed from deteriorating, which includes vitamins, pigments and fats.
Drivers and Restraints of North America Feed Antioxidants Market:
Rising awareness among farmers about benefits of Antioxidants related to Animal health has led the market to show evident growth recently. Other key factors driving the North America Feed Antioxidants Market include reduced wastage due to oxidation, increasing feed prices, the livestock disease outbreak fuelling additives market and industrialization of livestock industry. These factors have been playing a key role in the growth of the market recently. Besides these factors, the North America Feed Antioxidants Market also faces some challenges and restraints which include stringent government regulations, competition for raw materials with other industries and price volatility of Agri-commodities.
North America Feed Antioxidants Market - By Livestock:
North America Feed Antioxidants Market - By Antioxidant Types:
On the basis of geography, the North America Feed Antioxidants is segmented under two countries namely
Some of the major companies leading the North America Feed Antioxidants market include Adisseo France SAS, Perstorp, AllTech, Kemin Europa, Archer Daniels Midland Cargill Inc, Company, Danisco, Nutreco N.V., DSM, Novus International.
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