According to Precision Business Insights, the Feed Antioxidants Market research report provides industry size and growth.
The Feed Antioxidants Market size was valued at USD 400 billion in 2022 and is expected to grow at a CAGR of 4.0% from 2023-2029. This report studies feed antioxidants market dynamics in emerging markets and developed markets elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, feed antioxidants market report includes new product introductions, recent drug patent expiration data, regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Key stakeholders of the animal feed antioxidants market report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply of feed antioxidants. Increase in usage of compounded feed to provide balanced nutrition to animals and growing demand for the antioxidants in order to improve the shelf life of the feed ingredients are anticipated to provide potential opportunity in global feed antioxidants market.
Growing pet ownership in developing countries, increase in demand for protein rich food like meat and milk are expected to create demand for compounded feed. Rising number of livestock animals, customer shift towards nutritious food enables trigger market revenue growth for animal feed antioxidants market. Increase in per capita meat consumption, rapid increase in meat industry is expected to enhance the livestock production. Rising awareness of qualitative feed for the livestock anticipated to increase the global feed antioxidants market. Veterinary feed manufacturers are focused on formulated antioxidant products than the single form due to high affectivity of the product. The natural antioxidants i.e., mixed tocoferols are extracted from vegetable oils are suitable for stabilization of animal feed ingredients, which contains oil and fat elements susceptible to rancid. Delta, gamma tocoferols are preferred for antioxidant activity in oils and fats. The mixed type of tocopherol twice as effective as the single alpha tocopherol. Market players in Asia Pacific region focus to improve the sales and revenue growth of antioxidants business by means of acquiring and targeting new customer segments. Market players are creating new customer channels like B2C and B2F to better serve the customers and to penetrate deep into the market by keeping traditional B2B sales active and focused. Several respondents in Asia Pacific region especially in china noted that, they have been focusing on mid and large farms to create the new sales channel and aiming at growing at faster rate than the industry average Market players are focusing on mergers and acquisitions, strategic alliances, and product diversification to increase the geographic presence in Ethoxyquin feed antioxidants market. Moreover, players are entering into distribution agreement with local pharmaceutical companies to overcome the market access barrier in developing regions.
Some of the key players in the global feed antioxidants market include LANXESS, INDUSTRIAL TECNICA PECUARIA, S.A., Sterlitamak Petrochemical Plant, Oxiris Chemicals S.A, Affinity Petcare S.A, NestlÃ© Purina, MIAVIT GmbH, APC, Inc., Denkavit Netherlands BV, NANTA, SA, Kemin Industries, Inc.