Animal Feed Antioxidants Market - By Product Type (Natural (=Botanical extracts, Vitamins, & others), Artificial (=Butylated Hydroxyanisole, Propyl gallate, & others), By Form (Powder, Liquid, Granules), By Livestock (Poultry, Dairy cattle, Aquaculture, Swine, & others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030
Animal Feed Antioxidants Market Overview
Animal Feed Antioxidants
Market size is estimated to reach $563 million by 2027, growing at a CAGR of
4.6% during the forecast period 2022-2027. Antioxidants can be delineated as
chemical compounds that have utter significance in finding and nullifying unstable
molecules (=free radicals). Free radicals can coagulate in cells and inflict
damage to lipids and DNA. Antioxidants are generally of two types: natural,
man-made, and are widely used as animal feed additives to ensure overall animal
health. For instance, ethoxyquin, carotenoids, BHT, and BHA are taken into
account for this purpose. Besides antioxidants various other cattle supplements
such as trace minerals, ground limestone, and fat-soluble vitamins are used as
feed additives to improve milk production, and in enlarging reproduction
proficiency by ensuring correct growth of the fetus in prenatal animals. Further,
certain bottle feeding lambs need to be given antioxidants in case their
mothers reject the lamb or the quality/quantity of the milk is not fulfilling
and healthy. The Animal Feed Antioxidants Market outlook is pretty appealing as
demand for nutrient-rich food and high-quality meat is broadening. Mounting
demand for animal health as many complications like animals’ death during
pregnancy, heightening cases of avian influenza, and bird flu are the factors
set to drive the growth of the Animal Feed Antioxidants Industry for the period
2022-2027.
Report Coverage
The report: “Animal
Feed Antioxidants Market Forecast (2022-2027)”, by Industry ARC, covers an
in-depth analysis of the following segments of the Animal Feed Antioxidants
Market.
By Product Type: Natural
(=Botanical extracts, Vitamins, and others), Artificial (=Butylated Hydroxyanisole, Propyl
gallate, and others).
By Form: Powder,
Liquid, Granules.
By Livestock: Poultry,
Dairy cattle, Aquaculture, Swine, and others.
By Geography:
North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy,
Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South
Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America
(Brazil, Argentina, and Rest of South America) and Rest of World (the Middle
East and Africa).
Key Takeaways
- Geographically, the Asia-Pacific Animal Feed Antioxidants Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027.
- Sky-rocketing meat and dairy consumption are said to be the preeminent driver driving the growth of the Animal Feed Antioxidants Market. Deteriorated demand and supply chain attributed to the COVID-19 is said to reduce the market growth.
- Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Animal Feed Antioxidants Market report.
Animal Feed Antioxidants Market- Geography (%) for 2021.
For more details on this report - Request for Sample
Animal Feed Antioxidants Market Segment Analysis-By Product Type
The Animal Feed
Antioxidants Market based on the product type can be further segmented into
Natural (=Botanical extracts, Vitamins, and others),
Artificial (=Butylated Hydroxyanisole, Propyl gallate, and others). The
Artificial segment held the largest share in 2021. The broadening demand for
antioxidants in animal feed can’t be just curved with natural antioxidants
therefore artificial antioxidants are extracted at a wide scale from vegetables,
and various other plant materials with the help of enzyme-assisted extractions,
and ultrasound-assisted extractions. These synthetic antioxidants have become
the first choice for various farm and poultry owners attributing to their
steady nature, cost-effectiveness, and far-reaching availability. However, the
natural antioxidants segment is estimated to be the fastest-growing with a CAGR
of 5.2% over the forecast period 2022-2027. This growth is owing to side effects
accompanied by the overuse of synthetic antioxidants. In many cases,
antioxidants that are extracted through chemical process leaves adverse effects
on animals’ liver and deteriorate their DNA. The PFA (natural or plant feed
additives) and VitE have a similar effect in mitigating oxidative stress in
both monogastric (i.e., pigs and rabbits) and ruminants under moderate stress
conditions, which are frequent in intensive livestock farming. The influence of
PFA on antioxidant enzyme activities can be dose- or method of
administration-dependent.
Animal Feed Antioxidants Market Segment Analysis-By Livestock
The Animal Feed
Antioxidants Market based on Conveyance Mode can be further segmented into
Poultry, Dairy cattle, Aquaculture, Swine, and others. The poultry segment held
the largest share in 2021. The growth is owing to the humungous use of poultry
meat all across the globe. According to a report published in 2021 chicken is
the most consumed meat worldwide with more than 116 million tons consumption
which is appetizing, and cost-effective in nature. Therefore, to meet the
requirement poultry owners make use of feed additives like antioxidants and
traces. Using food additives saves their overall cost and boosts the revenue.
Moreover, the poultry and cattle dairy segment is estimated to be the
fastest-growing with a CAGR of 5.5% over the forecast period 2022-2027. This
growth is owing to enlarging health awareness among people escalating the
demand for protein-rich foods. Therefore, meat, milk, and associated products
have become the priority of people.
Animal Feed Antioxidants Market Segment Analysis-By Geography
The Animal Feed Antioxidants Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held the largest share with 41% of the overall market in 2021. The growth in this segment is owing to the factors such as enlarging demand for dairy products, and meat due to the vicious size of the population residing in the Asian continent. Over 59.6% of the total world population that is around 4.6 billion people calls this continent home in 2021. China has the greatest number of non-vegetarians globally. The majority of the Asian population lives upon pork, seafood, and poultry from turkey, chicken. Seafood such as tuna, salmon, and shrimp are part of almost every house in Japan, Indonesia, and China. Therefore, to fulfill this colossal demand meat producers are adopting contemporary methods of using feed antioxidants to ensure the quality of meat and the spread of diseases. Furthermore, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period 2022-2027. This growth is owing to the surging economies of nations shooting up the disposable income of people and eventually prompting the demand for nutritious food items.
Animal Feed Antioxidants Market Drivers
Elevating demand for protein-rich foods is Anticipated to Boost Product Demand.
With snowballing purchasing
capacity and health consciousness, people are increasing the demand for protein
and nutrient-rich foods. Global dairy and meat consumption are plunging
precipitously in present times. According to the United States Department of
Agriculture (USDA) per capita consumption of dairy-based items has plunged by
27 pounds in the last four to five years and reached over 650 pounds.
Similarly, if we talk about developing countries India alone consumes more than
80,000 metric tons (=around 176,368,000 pounds) of milk every year. Besides,
dairy products meat consumption is also witnessing an upsurge every year. All
these aforesaid factors are anticipated to drive the respective market in
foreseeable future.
Swift modernization and expanding economies fueling the disposable income, and the proliferating threat of animal diseases are Expected to Boost Product Demand.
There has been a slight
expansion in incidences of spine flu and pathogenic avian influenza. The
disease was declared as a pandemic by the world health organization in 2009-10
when it claimed more than 284,000 lives. Moreover, there has been seen a slight
mutation in the nature of such viruses. It is being claimed that post mutation
there is the possibility of animal to human transmission. To counter such
threats farm owners are making use of several feed additives to ensure animal
health in the first place. Moreover, swift increase in modernization and
industrialization accelerating disposable income of people. Therefore, they are
making more rational and healthy choices. Especially, if we consider developing
economies there are around 670-680 million households as of now and the number
is anticipated to witness a 2.5-3% overall increase by the year 2030, meaning
more people are pulling out of poverty.
Animal Feed Antioxidants Market Challenges
The reimposition of lockdowns and the upsurging trend of veganism are Anticipated to Hamper Market Growth.
Intensification in vegan
trends and the growing vegan population is one big factor expected to strangle
the growth of the Animal Feed Antioxidants Market. Furthermore, novel mutations
in the COVID-19 variants are giving headaches to the entire world. Therefore,
to offset the impact several countries mulling over the option of reimposing
lockdown. As a result of that, demand and supply chains are deteriorating as
industries are unable to tap their full resources, and similarly, people aren’t
willing to make additional purchases.
Animal Feed Antioxidants Market Competitive Landscape:
Product launches, mergers
and acquisitions, joint ventures, and geographical expansions are key
strategies adopted by players in the Animal Feed Antioxidants Market. The top-10 Animal Feed Antioxidants Market companies are-
- Cargill
- DSM Nutritional Product
- Adisseo
- Novozymes
- Beldem
- Alltech
- Ab Vista
- Dupont
- Zhejiang Medicine
- Kemin Industries
Recent Developments
- In November 2021, Denmark-based biotechnology company “Novozymes” acquired India-based pharmaceutical company “Synergia Life Sciences.” Synergia is recognized for its probiotics and natural Vitamin K2-7 manufacturing. Novozymes closes the acquisition with a payment of $150 million. The acquisition will fortify Novozymes' functional food business.
- In August 2021, two food companies reached an agreement to acquire US-based company “Sanderson farms.” The first company is Minnesota-based “Cargill, Inc.” and the second firm “Continental Grain Company” is based in Belgium. Both firms agreed to pay an amount of $4.53 billion collectively that is $203 per share to Sanderson in order to complete the acquisition process.
- In November 2020, China-based animal feed additive manufacturing company “Bluestar Adisseo”, commonly known as Adisseo announced the successful acquisition of Netherlands-based feed additive firm “FRAmelco Group.” The acquisition is done by Adisseo mainly to strengthen its desire to dominate the animal additives market. The company runs 3 plants which are located in the Netherlands, Spain, and Thailand. Additionally, the business generates close to 30 million pounds each year
Relevant Links:
Antioxidants Market – Forecast
(2022 - 2027)
Report Code: FBR 88079
Meat
Substitutes Market – Forecast (2022 - 2027)
Report Code: FBR 0062
For more Food and Beverage Market related reports, please click here
LIST OF TABLES
1.Global Animal Feed Antioxidant Product Outlook Market 2023-2030 ($M)1.1 Share By Product Market 2023-2030 ($M) - Global Industry Research
1.2 Natural Antioxidant Market 2023-2030 ($M) - Global Industry Research
1.3 Synthetic Antioxidant Market 2023-2030 ($M) - Global Industry Research
1.3.1 Ethoxyquin Market 2023-2030 ($M)
1.3.2 Butylated Hydroxyanisole Market 2023-2030 ($M)
1.3.3 Butylated Hydroxytoluene Market 2023-2030 ($M)
2.Global Competitive Landscape Market 2023-2030 ($M)
2.1 Basf Market 2023-2030 ($M) - Global Industry Research
2.2 Adm Market 2023-2030 ($M) - Global Industry Research
2.3 Dupont Market 2023-2030 ($M) - Global Industry Research
2.4 Dsm Nutritional Product, Llc Market 2023-2030 ($M) - Global Industry Research
2.5 Cargill Inc Market 2023-2030 ($M) - Global Industry Research
2.6 Zhejiang Medicine Co , Ltd Market 2023-2030 ($M) - Global Industry Research
2.7 Adisseo Market 2023-2030 ($M) - Global Industry Research
2.8 Novozymes Market 2023-2030 ($M) - Global Industry Research
2.9 Alltech Market 2023-2030 ($M) - Global Industry Research
2.10 Beldem Market 2023-2030 ($M) - Global Industry Research
2.11 Kemin Industries, Inc Market 2023-2030 ($M) - Global Industry Research
2.12 Ab Vista Market 2023-2030 ($M) - Global Industry Research
3.Global Animal Feed Antioxidant Product Outlook Market 2023-2030 (Volume/Units)
3.1 Share By Product Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Natural Antioxidant Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Synthetic Antioxidant Market 2023-2030 (Volume/Units) - Global Industry Research
3.3.1 Ethoxyquin Market 2023-2030 (Volume/Units)
3.3.2 Butylated Hydroxyanisole Market 2023-2030 (Volume/Units)
3.3.3 Butylated Hydroxytoluene Market 2023-2030 (Volume/Units)
4.Global Competitive Landscape Market 2023-2030 (Volume/Units)
4.1 Basf Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Adm Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Dupont Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Dsm Nutritional Product, Llc Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Cargill Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Zhejiang Medicine Co , Ltd Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Adisseo Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Novozymes Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Alltech Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 Beldem Market 2023-2030 (Volume/Units) - Global Industry Research
4.11 Kemin Industries, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.12 Ab Vista Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Animal Feed Antioxidant Product Outlook Market 2023-2030 ($M)
5.1 Share By Product Market 2023-2030 ($M) - Regional Industry Research
5.2 Natural Antioxidant Market 2023-2030 ($M) - Regional Industry Research
5.3 Synthetic Antioxidant Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Ethoxyquin Market 2023-2030 ($M)
5.3.2 Butylated Hydroxyanisole Market 2023-2030 ($M)
5.3.3 Butylated Hydroxytoluene Market 2023-2030 ($M)
6.North America Competitive Landscape Market 2023-2030 ($M)
6.1 Basf Market 2023-2030 ($M) - Regional Industry Research
6.2 Adm Market 2023-2030 ($M) - Regional Industry Research
6.3 Dupont Market 2023-2030 ($M) - Regional Industry Research
6.4 Dsm Nutritional Product, Llc Market 2023-2030 ($M) - Regional Industry Research
6.5 Cargill Inc Market 2023-2030 ($M) - Regional Industry Research
6.6 Zhejiang Medicine Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
6.7 Adisseo Market 2023-2030 ($M) - Regional Industry Research
6.8 Novozymes Market 2023-2030 ($M) - Regional Industry Research
6.9 Alltech Market 2023-2030 ($M) - Regional Industry Research
6.10 Beldem Market 2023-2030 ($M) - Regional Industry Research
6.11 Kemin Industries, Inc Market 2023-2030 ($M) - Regional Industry Research
6.12 Ab Vista Market 2023-2030 ($M) - Regional Industry Research
7.South America Animal Feed Antioxidant Product Outlook Market 2023-2030 ($M)
7.1 Share By Product Market 2023-2030 ($M) - Regional Industry Research
7.2 Natural Antioxidant Market 2023-2030 ($M) - Regional Industry Research
7.3 Synthetic Antioxidant Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Ethoxyquin Market 2023-2030 ($M)
7.3.2 Butylated Hydroxyanisole Market 2023-2030 ($M)
7.3.3 Butylated Hydroxytoluene Market 2023-2030 ($M)
8.South America Competitive Landscape Market 2023-2030 ($M)
8.1 Basf Market 2023-2030 ($M) - Regional Industry Research
8.2 Adm Market 2023-2030 ($M) - Regional Industry Research
8.3 Dupont Market 2023-2030 ($M) - Regional Industry Research
8.4 Dsm Nutritional Product, Llc Market 2023-2030 ($M) - Regional Industry Research
8.5 Cargill Inc Market 2023-2030 ($M) - Regional Industry Research
8.6 Zhejiang Medicine Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
8.7 Adisseo Market 2023-2030 ($M) - Regional Industry Research
8.8 Novozymes Market 2023-2030 ($M) - Regional Industry Research
8.9 Alltech Market 2023-2030 ($M) - Regional Industry Research
8.10 Beldem Market 2023-2030 ($M) - Regional Industry Research
8.11 Kemin Industries, Inc Market 2023-2030 ($M) - Regional Industry Research
8.12 Ab Vista Market 2023-2030 ($M) - Regional Industry Research
9.Europe Animal Feed Antioxidant Product Outlook Market 2023-2030 ($M)
9.1 Share By Product Market 2023-2030 ($M) - Regional Industry Research
9.2 Natural Antioxidant Market 2023-2030 ($M) - Regional Industry Research
9.3 Synthetic Antioxidant Market 2023-2030 ($M) - Regional Industry Research
9.3.1 Ethoxyquin Market 2023-2030 ($M)
9.3.2 Butylated Hydroxyanisole Market 2023-2030 ($M)
9.3.3 Butylated Hydroxytoluene Market 2023-2030 ($M)
10.Europe Competitive Landscape Market 2023-2030 ($M)
10.1 Basf Market 2023-2030 ($M) - Regional Industry Research
10.2 Adm Market 2023-2030 ($M) - Regional Industry Research
10.3 Dupont Market 2023-2030 ($M) - Regional Industry Research
10.4 Dsm Nutritional Product, Llc Market 2023-2030 ($M) - Regional Industry Research
10.5 Cargill Inc Market 2023-2030 ($M) - Regional Industry Research
10.6 Zhejiang Medicine Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
10.7 Adisseo Market 2023-2030 ($M) - Regional Industry Research
10.8 Novozymes Market 2023-2030 ($M) - Regional Industry Research
10.9 Alltech Market 2023-2030 ($M) - Regional Industry Research
10.10 Beldem Market 2023-2030 ($M) - Regional Industry Research
10.11 Kemin Industries, Inc Market 2023-2030 ($M) - Regional Industry Research
10.12 Ab Vista Market 2023-2030 ($M) - Regional Industry Research
11.APAC Animal Feed Antioxidant Product Outlook Market 2023-2030 ($M)
11.1 Share By Product Market 2023-2030 ($M) - Regional Industry Research
11.2 Natural Antioxidant Market 2023-2030 ($M) - Regional Industry Research
11.3 Synthetic Antioxidant Market 2023-2030 ($M) - Regional Industry Research
11.3.1 Ethoxyquin Market 2023-2030 ($M)
11.3.2 Butylated Hydroxyanisole Market 2023-2030 ($M)
11.3.3 Butylated Hydroxytoluene Market 2023-2030 ($M)
12.APAC Competitive Landscape Market 2023-2030 ($M)
12.1 Basf Market 2023-2030 ($M) - Regional Industry Research
12.2 Adm Market 2023-2030 ($M) - Regional Industry Research
12.3 Dupont Market 2023-2030 ($M) - Regional Industry Research
12.4 Dsm Nutritional Product, Llc Market 2023-2030 ($M) - Regional Industry Research
12.5 Cargill Inc Market 2023-2030 ($M) - Regional Industry Research
12.6 Zhejiang Medicine Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
12.7 Adisseo Market 2023-2030 ($M) - Regional Industry Research
12.8 Novozymes Market 2023-2030 ($M) - Regional Industry Research
12.9 Alltech Market 2023-2030 ($M) - Regional Industry Research
12.10 Beldem Market 2023-2030 ($M) - Regional Industry Research
12.11 Kemin Industries, Inc Market 2023-2030 ($M) - Regional Industry Research
12.12 Ab Vista Market 2023-2030 ($M) - Regional Industry Research
13.MENA Animal Feed Antioxidant Product Outlook Market 2023-2030 ($M)
13.1 Share By Product Market 2023-2030 ($M) - Regional Industry Research
13.2 Natural Antioxidant Market 2023-2030 ($M) - Regional Industry Research
13.3 Synthetic Antioxidant Market 2023-2030 ($M) - Regional Industry Research
13.3.1 Ethoxyquin Market 2023-2030 ($M)
13.3.2 Butylated Hydroxyanisole Market 2023-2030 ($M)
13.3.3 Butylated Hydroxytoluene Market 2023-2030 ($M)
14.MENA Competitive Landscape Market 2023-2030 ($M)
14.1 Basf Market 2023-2030 ($M) - Regional Industry Research
14.2 Adm Market 2023-2030 ($M) - Regional Industry Research
14.3 Dupont Market 2023-2030 ($M) - Regional Industry Research
14.4 Dsm Nutritional Product, Llc Market 2023-2030 ($M) - Regional Industry Research
14.5 Cargill Inc Market 2023-2030 ($M) - Regional Industry Research
14.6 Zhejiang Medicine Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
14.7 Adisseo Market 2023-2030 ($M) - Regional Industry Research
14.8 Novozymes Market 2023-2030 ($M) - Regional Industry Research
14.9 Alltech Market 2023-2030 ($M) - Regional Industry Research
14.10 Beldem Market 2023-2030 ($M) - Regional Industry Research
14.11 Kemin Industries, Inc Market 2023-2030 ($M) - Regional Industry Research
14.12 Ab Vista Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)2.Canada Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
3.Mexico Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
4.Brazil Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
5.Argentina Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
6.Peru Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
7.Colombia Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
8.Chile Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
9.Rest of South America Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
10.UK Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
11.Germany Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
12.France Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
13.Italy Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
14.Spain Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
15.Rest of Europe Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
16.China Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
17.India Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
18.Japan Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
19.South Korea Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
20.South Africa Animal Feed Antioxidants Market Revenue, 2023-2030 ($M)
21.North America Animal Feed Antioxidants By Application
22.South America Animal Feed Antioxidants By Application
23.Europe Animal Feed Antioxidants By Application
24.APAC Animal Feed Antioxidants By Application
25.MENA Animal Feed Antioxidants By Application