Feed Antioxidants Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Natural, Synthetic), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By Region and Competition
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFeed Antioxidants Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Natural, Synthetic), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By Region and Competition
In 2021, 30 billion pounds of beef was consumed in the United States.
Global Feed Antioxidants market is expected to expand during the forecast period owing to growing consumption of livestock-based products as increasing demand for meat, dairy goods, eggs, and other products. Feed antioxidants additives are added to animal feeds which help to increase the shelf life of feed by preventing unnecessary oxidation in finished feeds and animal guts in most sources. Antioxidants also help to prevent damage to cells, to reduce the singlet oxygen, as well as providing oxidation protection to feed by enhancing shelf life along with ensuring safety and quality. Along with this, these products are capable of protecting nutritional supplements in the feed from deterioration, which majorly includes fats, vitamins, and pigments. Therefore, use of feed antioxidants in animal feed fuels the growth of the market during the forecast period.
Increasing Consumption and Demand of Livestock-Based Products
Livestock-based products include eggs, dairy goods, and meat products. Consumption of animal products will increase only when consumers’ demand for staple foods (starchy meals and other foods with a plant origin) are met. Increasing demand for resources to produce animal goods will result from greater use of animal products, competing with the usage of grains for human direct consumption as well as other agricultural products.
For instance, in 2020,
The addition of feed antioxidants to livestock products in various forms, such as concentrates, premixes and supplements. Premixes are blends of feed ingredients that contain a specific number of vitamins, minerals, and other nutrients, including antioxidants. Concentrates are highly digestible sources of energy and protein that can be mixed with other feed ingredients to create a complete diet. Supplements are usually in the form of pellets or powders that are added to feed to provide additional nutrients.
For instance, In 2021, Kemin Industries produced Paradigmox Green, a new antioxidant solution for the organic livestock production industry in the EMENA (Europe, Middle East, North Africa) region.
Therefore, increasing demand and consumption of livestock-based products drive the growth of the market during the forecast period.
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For instance, according to IFIF, in 2020, Compound feed production in the USA was more than 215.79 MT.
The capacity to fulfil the increasing demand for animal protein in the form of eggs, milk, meat, and various other animal-based products depends in a significant way on the steady supply of appropriate, affordable, safe compound feeds. As a result of the enormous increase in demand for animal products, there is a rising need for new feed supplies, resources, and substitutes. Increasing demand for high quality feed from various industries such as broilers, pig, and the dairy industry observes a significant and healthy expansion in these industries, leading to increasing feed output. Many feed producers use antioxidants in animal feed because they act as additives in animal feeds which help to increase the shelf life of feed by preventing unnecessary oxidation in finished feeds and animal guts in most sources. This in turn increases the sale and demand of antioxidants from various animal feed producers.
For instance, according to Alltech Agri-Food Outlook 2022, it is estimated that international feed production has increased by 2.3% as compared to the feed produced in 2021.
Moreover, several manufacturing companies are adopting
Moreover, use of feed antioxidants in aquaculture is increasing, driven by the growing demand for high-quality seafood and the increasing focus on sustainable aquaculture practices. Feeding antioxidants can improve the growth, survival, and health of aquatic animals, reduce the risk of diseases, and increase the shelf life of seafood products. Several companies, such as BASF and DSM, are investing in research and development to develop feed antioxidant products for the aquaculture industry.
For instance, Kemin produced a highly efficient antioxidant product by name of Paradigmox which are suitable for all aquaculture feed applications.
Natural will be the Key Type
Growing demand for natural feed antioxidants, such as plant extracts and essential oils in the feed as well as consumers are increasingly looking for natural and organic animal products. Natural feed antioxidants are considered safer and more sustainable alternatives to synthetic antioxidants, which can have potential health and environmental risks. The use of natural feed antioxidants can also enhance animal health and welfare, improve meat quality, and increase the shelf life of animal products. In addition, carotenoids are essential naturally occurring antioxidants with pigmenting capabilities play, which plays an important role in poultry farming and aquaculture is their ability to improve the color of egg yolk, chicken skin and fish flesh.
For instance, DSM produced carotenoids solutions which play a key role in supporting animal health and animal reproduction.
Furthermore, many research institutes in Turkey, use Pinus brutia, commonly known as Turkish Red Pine as a useful source of natural antioxidants in the broiler diets which help to enhance their antioxidant capacity without altering their performance.
Additionally, synthetic feed antioxidants are usually manufactured as pure compounds with a regular composition and used in well-defined combinations with other pure substances which provide immense stability, ease of availability, increased shelf life, and low cost of manufacture.
For instance, Kemin produced synthetic feed antioxidants which help to control oxidation during all phases of the pet food manufacturing and rendering processes.
All these factors increase the
However, due to presence of alternative substitutes that can provide similar benefits to animal health and welfare as some companies are developing feed additives that can enhance the gut health of animals, while others are focusing on developing natural feed ingredients, such as herbs and spices, that can provide antioxidant and anti-inflammatory properties. Along with this, use of synthetic antioxidants can also have potential health risks and environmental impacts, as they can contaminate the environment and harm aquatic and terrestrial organisms, thereby restraining the growth of the market. Moreover, raw materials used in the production of feed antioxidants, such as vitamins, minerals, and plant extracts, are subject to price volatility and availability issues due to fluctuations in raw material prices, which can impact the production costs and pricing of feed antioxidant products which slow down the market growth.
Recent Developments
- In February 2023, Royal DSM, a global purpose-led science-based
company, confirms that it is resuming Vitamin A production in Sisseln, Switzerland.
- Kemin Industries has expanded its encapsulation production site in
Cavriago, Italy in November 2022.
- In June 2022, DSM acquires Brazil’s leading animal nutrition technology
company to boost precision services offering.
- BASF expanded the production capacity for its antioxidant Irganox 1010 at Jurong Island, Singapore, by integrating an additional production line into the existing production facilities in May 2022.
Market Segmentation
Global Feed Antioxidants market
Company Profiles
Koninklijke DSM N.V., BASF SE, Cargill, Incorporated., Alltech Inc., Oxiris Chemicals, SA, Btsa Biotecnologias Aplicadas SL, Kaesler Nutrition GmbH, LALLEMAND Inc, VDH Chem Tech Pvt. Ltd., Simfa Labs Pvt. Ltd. are some of the key players in the Global Feed Antioxidants Market.
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Attribute |
Details |
|
Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
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Report coverage |
Revenue forecast,
company share, competitive landscape, growth factors, and trends |
|
Segments covered |
Type Livestock Form |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States, Mexico, Canada, France, Germany, United
Kingdom, Spain, Italy, China, India, South Korea, Japan, Singapore, Brazil, Argentina,
South Africa, Saudi Arabia, UAE |
|
Key companies profiled |
Koninklijke
DSM N.V., BASF SE, Cargill, Incorporated., Alltech Inc., Oxiris Chemicals,
SA, Btsa Biotecnologias Aplicadas SL, Kaesler Nutrition GmbH, Lallemand Inc,
VDH Chem Tech Pvt. Ltd., Simfa Labs Pvt. Ltd. |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
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options |
Avail customized
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Delivery Format |
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and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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