Monday 20 July 2020, Amsterdam
Feed antioxidants are usually shelf life extenders. They are used to preserve the nutrients found in the feed. They can prevent the oxidative degradation of these feed nutrients (such as proteins, vitamins, fats, pigments and flavoring agents), after which the feed can be retained for a longer period of time. Antioxidants are mainly used in the field of pet feed to protect oils from lipid peroxidation or oxidative rancidity. Feed antioxidants ensure the safety and quality of animal feed by protecting nutritional supplements.
Feed antioxidants can improve the disease resistance of animals because they help protect all important nutritional supplements in feed from oxidation. Due to the growth of the food production industry, the global feed antioxidant market is booming. In addition, because these antioxidants increase the shelf life of the feed, it can also prevent the waste of feed, thereby wasting the market. Some of the main drivers of this market include the increasing industrialization of the livestock industry and the development of the meat industry.
The report quantifies the feed antioxidant market and analyzes its value chain. In order to conduct a strategic analysis of this market, the report is titled "
Global Feed Antioxidants - Market and Technology Forecast to 2028", which is broken down according to tables and regions. According to the regional consumption of animals, it is subdivided into poultry, cattle, pigs, aquaculture and pets. The form-based subdivision is further subdivided according to the synthesis type (such as BHT, BHA, ethoxyquin, propyl gallate, etc.). Form-based reports are divided into dry and liquid types. The global market is divided into NA, EU, Asia Pacific, Middle East and other parts of the world by region.
It is estimated that by 2020, the global market value of feed antioxidants is approximately US$300 million, and is expected to reach US$600 million by 2028. During the forecast period, the market’s compound annual growth rate is expected to be 7%. 2020-2028. The feed antioxidant market is segmented by form and region. Based on the form, the dry section is likely to occupy the market because it is easier to mix with feed. Based on type, synthetic antioxidants are expected to account for the majority share, which is attributed to higher sustainability, more accessible products and lower production costs.
Based on animals, the poultry market is likely to lead the market. Feed antioxidants can reduce the cost of buying feed, because they can extend the shelf life. Based on synthetic types, BHT is the most widely used feed antioxidant in the poultry industry and is expected to have the largest market size. BHT can not only be used as a feed antioxidant, but also help prevent the death of chickens when preventing the emergence of Newcastle disease virus. Researchers are still trying to determine the antiviral effects of BHT. This research also extends to other viruses that use BHT and other antioxidants. On a regional basis, the Asia-Pacific region has the highest market share, accounting for about one-third of global market revenue.
The Asia-Pacific region is expected to lead the global market with a market share of approximately 33.33% of global revenue. This is due to the increase in developing Asian countries and disposable income. In addition, the growing demand for meat in the region is another major driver of the Asia-Pacific market. Due to the increasing production of meat in this area, the requirements for feed antioxidants have also increased to prevent feed oxidation, thereby reducing the cost of purchasing feed
Scope:
The study period of this report, "
Global Feed Antioxidants - Market and Technology Forecast to 2028" ranges from 2018-2028, and the forecast period ranges from 2020-2028. The market is segmented by Form, and Region.
Reasons to buy this report:
- Industry specialists can use his report to understand the drivers, restraints, and challenges of this market and further probe for expansion opportunities within this sector.
- The potential players of this market can use this report to analyze the changing trends of this market concerning COVID-19 and geopolitical events.
- The competitive mapping across various regional sectors has been given in this report. This segment provides a comprehensive view of the market to the new players.
- Investors can use this report to identify the high growth markets and strategize funding.
- Sales companies can use this report to understand the changing demographics and hence the preferences of consumers.
ASDReports.com contact: S. Koomen
ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216
back to News
