The North America Feed Antioxidants market is estimated to grow at a CAGR of 4.2% during the forecast period 2020-2025. Feed additives are products that enhance animal nutrition and are added to animal feed, to provide complete nutrition to farm animals. The end consumers of feed additives are feed mills that manufacture compound feed. The market scope excludes supplements directly purchased by farmers to add to the nutritional qualities of home-grown feed. The industrialization of the livestock industry, which is growing at a healthy rate, is the major driving force behind the growth of the feed antioxidant industry. Increased awareness among the farmers about the benefits of antioxidants, is another factor augmenting the growth of the market studied. The market is also growing due to the expansion of the animal meat market.

Key Market Trends

Expansion Of Animal Meat Market

The growth in the antioxidant market is primarily because of the expansion of the animal meat market. Increased meat consumption and a rise in health concerns in livestock have made the market consume a higher quantity of antioxidants. According to the United States Department of Agriculture, the consumption of animal meat has shown a consistent growth from 2016. In 2018, animal meat consumption witnessed the highest of 266,359 thousand metric tons which were 258,513 thousand metric tons in 2015. The uncertainty like the antioxidants prevents the antibody response is acting as a slight deterrent, but researchers are extending their attention to addressing the issue.

Poultry Segment In The Animal Type is Dominating The Market

Poultry feed takes up the largest share in the additives market, and cattle and pork are the fastest-growing segments. One of the major factors for feed-in poultry is the cost and hence reducing feed costs per bird is a priority. Poultry production must be effective as feed has to be transformed into meat and eggs. Feed costs can be decreased by adding feed additives such as enzymes and antioxidants, which enhance digestibility and halt the loss of nutrients, with the effect that the poultry gains more nutritional value from the same amount of feed. Companies such as Cargill, Koninklijke DSM N.V., and Kemin provide feed antioxidants such as carotenoids, tocopherols, synthetic antioxidants, and citric acid, BHT, butylated hydroxyanisole (BHA), and tocopherol acetate for the poultry industry. According to a research study conducted by International Production & Processing Expo(IPPE) in Atlanta, inadequate amount of vitamins can result in deformities in animals’ bodies, which, in turn, will lower the animal’s productivity and life span, as well as making its physical appearance look weaker. Due to the relatively high costs of vitamins, animal feed producers are facing issues in producing vitamin-rich animal feed in the country.

Competitive Landscape

The North America feed antioxidant market is consolidated. In 2019, major players in the market accounted for half of the market. The global presence of companies and lack of local companies have made the major players like Cargill, Danisco, Nutrico, AllTech, and so on to have a lion share in the market. Small players share less than half of the total feed antioxidant market.

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