Animal feed antioxidants market is projected to grow at a CAGR of 3.78% to reach US$530.579 million by 2024, from US$424.647 million in 2018. Growing global population and rising urbanization is boosting the demand for higher quality ingredients for animal feed. Growing global meat consumption owing to rapid shift towards protein-rich diet is escalating the growth of animal feed antioxidants market. Rising cases of epidemic outbreaks is also pressurizing feed manufacturers to add antioxidants, thus positively impacting the growth of animal feed antioxidants market. Growing concerns regarding the use of synthetic chemicals in the feed is increasing the investment in R&D to develop natural ingredients which will continue to bolster the growth of animal feed antioxidants market during the projected period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Animal Feed Antioxidants value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Animal Feed Antioxidants market.
Major industry players profiled as part of the report are BASF, DuPont, Cargill, Incorporated, VRMLAB, and Kemin Industries, Inc. among others.
The Animal Feed Antioxidants market has been analyzed through following segments:
Middle East and Africa