Global Animal Feed Antioxidants Market Size By Type (Synthetic Antioxidants, Natural Antioxidants), By Form (Liquid, Dry), By Animal (Cattle, Poultry, Aquaculture), By Geographic Scope And Forecast
Published on: 2024-07-13 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Animal Feed Antioxidants Market Size By Type (Synthetic Antioxidants, Natural Antioxidants), By Form (Liquid, Dry), By Animal (Cattle, Poultry, Aquaculture), By Geographic Scope And Forecast
Animal Feed Antioxidants Market Size And Forecast
Animal Feed Antioxidants Market size was valued at USD 869.27 Billion in 2024 and is projected to reach USD 1172.15 Billion by 2031, growing at a CAGR of 4.20% from 2024 to 2031.
Increased animal farming has fueled demand for animal feed additives, including antioxidants, as a result of the expanding global population and growing demand for foods derived from animals, such as meat, dairy, and eggs. There is a growing understanding of the value of animal nutrition and health, which has resulted in an increase in the use of antioxidants in animal feed to enhance the general health and productivity of farm animals. The Global Animal Feed Antioxidants Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Animal Feed Antioxidants Market Drivers
The market drivers for the Animal Feed Antioxidants Market can be influenced by various factors. These may include
- Growing Demand for Animal Protein The demand for animal protein, such as meat, dairy products, and eggs, is driven by the world’s population growth as well as rising affluence, especially in developing nations. This increase in demand drives up the need for livestock to be produced healthily and efficiently, which increases the need of antioxidants in animal feed.
- Emphasis on Animal Health and Longevity Livestock producers strive to increase the wellbeing, output, and longevity of their animals. Antioxidants in animal feed contribute to better immune system performance, decreased illness incidence, and prevention of oxidative stress, all of which increase overall animal health and production.
- Improvement of Feed Quality and Shelf Life Antioxidants in animal feed aid in maintaining the nutritional value and increasing the feed’s shelf life. They stop feed’s lipids and oils from oxidising, which can cause rancidity and nutritional loss. Preserving feed is essential to preserving feed safety and efficacy.
- Growing Knowledge and Adoption of Advanced Nutrition Farmers and other producers are becoming more conscious of the advantages of adding antioxidants to animal diets. The need for feed antioxidants is driven by the implementation of advanced feeding methods to maximise animal growth, reproductive performance, and feed efficiency.
- Regulatory Approvals and Standards The safety and quality of animal feed are prioritised by regulatory authorities across the globe. The market for these goods is driven by the need to comply with these rules, which frequently require the use of certified antioxidants to maintain feed stability and safety.
- Growth of the Livestock sector The need for premium feed additives is driven by the developing livestock sector, which includes aquaculture, swine, cattle, and poultry. The profitability of the cattle sector depends on the health and production of the animals, both of which are dependent on antioxidants.
- Growing Prevalence of Illnesses The profitability and productivity of cattle can be severely impacted by the prevalence of illnesses and other health problems. By enhancing immune function and counteracting the consequences of oxidative stress, antioxidants can lower the prevalence of disease.
- Cost-Effectiveness and Economic Pressures Producers and farmers must balance cutting expenses with increasing output. Antioxidants can be used to lower mortality rates, increase growth rates, and improve feed utilisation in animal feed, all of which have a positive financial impact.
- Technological Developments in Feed Formulation The creation of more specialised and potent antioxidant products is the result of technological advancements in feed formulation. These developments increase the antioxidants’ effectiveness and increase their appeal to the animal feed sector.
- Sustainability and Environmental Concerns Consumers and regulatory agencies are becoming more and more aware of the importance of sustainable animal husbandry methods. Antioxidants can increase feed efficiency and decrease waste, which helps to promote more environmentally friendly methods of raising livestock.
Global Animal Feed Antioxidants Market Restraints
Several factors can act as restraints or challenges for the Animal Feed Antioxidants Market. These may include
- High Production Costs Securing raw materials, manufacturing procedures, and quality control techniques are only a few of the expenses associated with producing antioxidants for animal feed of the highest calibre. These expenses may result in increased final product prices, which would turn off customers who are price conscious.
- Volatility of Raw Material Prices Natural extracts and synthetic chemicals are among the raw materials used to make antioxidants for animal feed that can have fluctuating prices. Price fluctuations for raw materials can lead to uncertainty and have an impact on firms’ profitability.
- Regulatory Compliance Strict safety, quality, and environmental impact laws and requirements apply to the animal feed sector. Market expansion may be impeded by the complexity and expense of complying with these rules. Furthermore, regional variations in rules might make it more difficult to enter and grow a market.
- Consumer Preferences for Natural Products Natural and organic products are becoming more and more popular, even in the animal feed industry. The market for artificial antioxidants, which are frequently used in animal feed, may be constrained by this tendency. The development of natural alternatives, which can occasionally be more costly and ineffective, may require manufacturers to make investments.
- Health and Safety Concerns Adoption of synthetic antioxidants may be impacted by worries about possible health concerns connected to them. Research indicating detrimental effects on health may cause usage to decline and regulatory scrutiny to rise.
- Alternatives’ Availability The need for antioxidants in animal feed may be impacted by the accessibility of substitute additives and preservation techniques. The need for conventional antioxidants can be decreased by using technologies like vacuum packaging, controlled environment packaging, and natural preservatives as alternatives.
- Economic Factors The purchasing power of feed makers and livestock farmers can be affected by financial constraints and economic downturns. There might be a trend towards cost-cutting strategies during these times, such as lowering the amount of chemicals in animal feed.
- Disruptions to the Global Supply Chain Natural catastrophes, trade restrictions, geopolitical conflicts, and other circumstances can all lead to disruptions in the global supply chain for raw materials and components used in the production of antioxidants for animal feed. Disruptions in the supply chain can cause delays and raise expenses for manufacturers.
- Technical Difficulties The type of feed, the animal species, and the particular storage and usage conditions can all affect how effective antioxidants are. For manufacturers, maintaining consistent performance across several applications can be difficult.
- Industry Competition There are several companies producing comparable products in the competitive animal feed antioxidants industry. Price wars, narrowed profit margins, and difficulties differentiating items based on performance and quality can all result from intense competition.
Global Animal Feed Antioxidants Market Segmentation Analysis
The Global Animal Feed Antioxidants Market is segmented on the basis of Type, Form, Animal, and Geography.
Animal Feed Antioxidants Market, By Type
- Synthetic Antioxidants
- Natural Antioxidants
Based on Type, the market is segmented into Synthetic Antioxidants and Natural Antioxidants. The sector was dominated by the market for synthetic antioxidants used in animal feed. Among the many synthetic antioxidant compounds studied so far, ethoxyquin, BHA (butylated hydroxyanisole), and BHT (butylated hydroxytoluene) are the most efficient antioxidants used in animal feeds. Ethoxyquin is the most efficient of them all, followed by BHT and BHA. Manufacturers now have more options as consumers turn away from synthetic antioxidants and toward bio-based antioxidants. Due to the unstable petrochemical feedstock price, market participants may be forced to produce natural antioxidants like tocopherols. Furthermore, natural products benefit from strict government regulations.
Animal Feed Antioxidants Market, By Form
- Liquid
- Dry
Based on Type, the market is segmented into Liquid and Dry. The dry category is dominated by feed antioxidants in powder form, which are convenient to handle and store and are simple to mix with feed. Because they are simpler to apply over the feed, powders are anticipated to experience increased demand. Furthermore, it is simple to coat the feed with the powder form because the size is uniform. The antioxidants in this version include carotenoids, ethoxyquin, BHT, BHA, and TBHQ. These antioxidants are preferred since it is simple to combine them with other feed antioxidants.
Animal Feed Antioxidants Market, By Animal
- Cattle
- Poultry
- Aquaculture
- Others
Based on Animal, the market is segmented into Cattle, Poultry, Aquaculture, and Others. Animal feed antioxidants are a type of feed additive used to improve the quality and shelf life of feed for cattle, poultry, and aquaculture animals.
Animal Feed Antioxidants Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
On the basis of Regional Analysis, The Global Animal Feed Antioxidants Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is thought to be the largest developed market for feed antioxidants. Future producers have a lot to gain from this expanding market. The reason for the region’s dominance in terms of share and growth rate can be attributed to the developing economies of Asian countries, which are expected to increase disposable incomes and fuel demand for foods high in protein like meat and dairy. The main factor driving up demand for feed antioxidants to prevent spoilage and extend shelf life is the rising cost of feed around the world.
Key Players
The “Global Animal Feed Antioxidants Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Oxiris Chemicals, BASF SE, Kemin, Cargill, Koninklijke DSM N.V., Alltech, Bertol Company, Ab Vista, Dupont, Zhejiang Medicine, Synergia Life Sciences, Archer Daniels Midland Company, Elanco Animal Health Incorporated.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Oxiris Chemicals, BASF SE, Kemin, Cargill, Koninklijke DSM N.V., Alltech, Bertol Company, Ab Vista, Dupont, Zhejiang Medicine, Synergia Life Sciences, Archer Daniels Midland Company, Elanco Animal Health Incorporated. |
Segments Covered | By Type, By Form, By Animal, and By Geography. |
Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factorsProvision of market value (USD Billion) data for each segment and sub-segmentIndicates the region and segment that is expected to witness the fastest growth as well as to dominate the marketAnalysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each regionCompetitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiledExtensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market playersThe current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regionsIncludes in-depth analysis of the market from various perspectives through Porter’s five forces analysisProvides insight into the market through Value ChainMarket dynamics scenario, along with growth opportunities of the market in the years to come6-month post-sales analyst support
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