- Natural
- Rosemary Extract
- Tocopherols
- Gallic Acid
- Oil Seeds
- Corn
- Rapeseeds
- Others
- Synthetic antioxidants
- Ethoxyquin
- BHT
- BHA
- Vitamin E
- Propyl Gallate
- Others
Asia Pacific Feed Antioxidants Market size was valued at USD 77.2 billion in 2021, growing at a CAGR of 7.1% during the forecast period 2022-2028. To leverage the increasing trend, the market's leading companies have focused on antioxidant research and development. The market's expansion is fuelled by rising disposable incomes and rising meat consumption. The rising feed cost is a major factor driving up demand for feed antioxidants to prevent spoilage and extend shelf life, as well as an increase in disposable incomes, which drives up demand for protein-rich foods like meat and dairy in the region. Antioxidants are used as additions in animal feeds, premixes, and fats to extend their shelf life by preventing lipid peroxidation and oxidative rancidity during production, processing, and storage. Antioxidants help to keep feed, flours, premixes, and animal fats fresh and healthy, allowing them to be stored for extended periods. Antioxidants protect them from oxidation-induced deterioration, preserving their sensory characteristics and preventing rancidity and discoloration. The feed Antioxidants Market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the company’s growth. Key Developments: In November 2021, China-based animal feed additive manufacturing company Adisseo announced the successful acquisition of Netherlands-based feed additive firm FRAmelco Group. The acquisition done by Adisseo mainly strengthens its desire to dominate the animal additives market. The company runs three plants in the Netherlands, Spain, and Thailand. Additionally, the business generates close to 30 million pounds each year In 2019, Cargill Inc. partnered with InnovaFeed to deliver the animal nutrition sector improved and sustainable feed choices. Both companies will distribute fish feed containing insect protein as part of this agreement, which will help to support the growth of sustainable aquaculture.
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Synthetic Antioxidants have a market revenue share of 78.5% in 2021, and it is expected to grow at a CAGR of 6.3% from 2022 to 2028. Poultry Feed has a market revenue share of 21.7% in 2021, which is expected to grow at a CAGR of 6.9% from 2022 to 2028. Increased chicken consumption due to religious acceptance of it over other meats is predicted to boost poultry demand.
The asia pacific feed antioxidants market is projected to expand at a CAGR of 7.2% during the forecast period.
BASF SE, Cargill, DuPont, Perstorp, Alltech, Adisseo
The asia pacific feed antioxidants market segmented based on antioxidant type, feed type, and country.
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