Vantage Market Research
Dec 13, 2021
As stated by our comprehensive report, providing insights on forms, types, animals, the global feed antioxidants market is valued at USD 273.6 million in 2020.
The rise in demand for feed antioxidants?
For the past few decades, the demand for meat along with life-stock is flourishing at its wildest level. The rise in a number of animal welfare organizations as well as campaigns has been witnessed to be the key driver for the feed antioxidant market. The feed antioxidants are useful in preventing the oxidation of oils and fats in the animal feed as well as other products. Thus, preventing rancidity and increasing the shelf life of the feed. As a result, increasing the demand for feed additives. Furthermore, owing to the cost incurred due to increasing feed purchase is very high; the increasing industrialization and number of meat industries have made the feed antioxidants an inevitability. Moreover, as feed antioxidants look after the nutrients in the feed by preventing rancidity, it increases the resistance power of animals and helps them to maintain a healthy life.
Where the market will head by 2028?
Our report on the feed antioxidants market has covered the study of the latest improvement and investment in the market. The market drivers, restraints, and opportunities have been provided for the forecast period, which drives from 2021 to 2028. The global feed antioxidants market is valued at USD 273.6 million in 2020 and is expected to reach USD 407.9 million in 2028.
Some of the key players in the feed antioxidants market include Lallemand Animal Nutrition (Canada), Oxiris Chemical (Spain), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nutreco (Netherlands), Kemin (US), Bertol Company (Czech Republic), Perstorp (Sweden), Alltech (US), Zhejiang Medicine Co. Ltd. (China), Caldic (Canada), Novus International (US), Chemical Fine Sciences (India), VDH Chemicals (India), BTSA (Spain), Adisseo (France), Cargill (US), FoodSafe Technologies (US), Viveka (US), Archer Daniels Midland Company (US), Industrial Tecnica Pecuária (Spain), among others.
The Asia Pacific is estimated to clutch a substantial share of the feed antioxidants market during the forecast period. The growth is attributed to the growing economies such as India, China, Thailand, Indonesia, and others. This growth is bound to record an increase in the disposable income of the population and trigger the demand for high protein foods such as dairy as well as meat.