Antioxidants are also generally termed as “shelf-life extenders.” Feed antioxidants protect deterioration of other feed nutrients in the feed such as fats, vitamins, pigments and flavoring agents, thus providing nutrient security to the animals. Oxidized feed can result in decreased animal health and performance; therefore it is essential to prevent feed from oxidation. It is expected that with globally increasing demand for livestock products such as meat, eggs and milk, demand for antioxidants as feed additives will also rise. Globally, livestock producers will focus on higher usage of antioxidants in the feed to reduce loss due to feed deterioration and to save cost on feed inputs.
Antioxidant use in animal feed also depends upon the climate. In humid climates of Asia and South America, the increased levels of moisture in the air make the feed more susceptible to oxidation which may result in deterioration of feed quality. The revenue generated by global animal feed antioxidants in 2011 was USD 162.4 million and is estimated to reach USD 216.8 million in 2018, growing at a CAGR of 4.2% for the next five years. Feed antioxidants are of two types, natural and synthetic. Natural antioxidants are made by using raw materials such as oilseeds, corn, rapeseed and others which are blended with various ingredients such as soya and grains to match the requirements laid down by the FDA. Synthetic antioxidants are made as pure substances of constant composition and are applied in well defined mixtures with different pure substances.
Some of the factors driving the growth of the market are rise in global meat consumption and disease outbreaks. But stringent government regulation and the difficulties working with natural antioxidants are some of the restraints for growth of the market. There are different antioxidant firms operating in the industry with different products and market focus. The major players of the markets are BASF SE, DSM, ADM, and Danisco.
The robust growth in meat consumption on the global front has significantly benefited the animal feed and subsequently the animal feed antioxidants market over the past few years. However stringent government regulations and the number of issues encountered while working with natural feed antioxidants are retraining the global animal feed antioxidants market from achieving a rather flourishing growth.
The study provides an in-depth analysis of the industry, combined with a clear and extensive market segmentation based on appropriate understanding of the market and its structure. The report presents accurate data on market size, shares of various market segments, developments, prospective regional markets with significant growth potential, important and popular trends, and future expansions in great detail. The report serves as a competitive advantage for market strategists, business owners, and prospective market entrants by helping them identify key partners, development avenues, and business strategies. The report also evaluates key drivers, inhibitors and opportunities impacting the global market of natural and synthetic animal feed antioxidants.
The section of industry landscapes in the report presents a detailed overview of leading businesses in the market, their profiles, business strategies and outlook, financial overview, mergers and acquisitions, if any, and recent developments in the market.
Overview of the global animal feed antioxidants market
Antioxidants, commonly referred to as “shelf-life extenders”, extend the shelf-life of feed nutrients in animal feed elements such as vitamins, fats, pigments, and flavoring agents. Thus, animal feed antioxidants serve to provide nutrient security to the animals dependent on the feed. Oxidization of animal feed leads to reduced performance and weakened health of animals. It is therefore essential to keep animal feed from getting oxidized, purpose that is aptly served by animal feed antioxidants.
The globally rising demand for livestock products such as milk, eggs and meat has given to significant demand rise for animal feed antioxidants, along with the primary rise in demand for natural and synthetic animal feed. It is expected that livestock producers on a global front will focus on high use of antioxidants in animal feed to reduce instances of nutrient loss and deteriorated feed quality due to oxidation.
In 2011, the global animal feed antioxidants market was worth approximately US$162.4 million. Growing at a modest CAGR of 4.2% over the next four years, the global animal feed antioxidants market could acquire net worth of nearly US$216.8 million by 2018.
The report classifies animal feed antioxidants on two major categories: natural animal feed antioxidants and synthetic animal feed antioxidants. Natural animal feed antioxidants are formulated from raw material such as corn, rapeseed, and a variety of oilseeds. These raw materials are blended with ingredients such as grains and soybean to match nutrient requirements range laid down by the FDA. Synthetic animal feed antioxidants are made as pure substances of constant composition and then blended in properly defined mixtures with a variety of pure substances.
Companies mentioned in the research report
The global natural and synthetic animal feed antioxidants market is highly competitive. The major players, as identified in the research report, include DSM, Danisco, BASF SE, and ADM.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
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- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
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