Feed Antioxidants Market Outlook
The global report reveals that the feed antioxidants market can gain substantially from the livestock industry. Market Research Future (MRFR) is predicting a rise by approximately 4% CAGR during the forecast period covering 2022 to 2030 and surpassing of an expected valuation like USD 290Billion during the same period.
Feed antioxidants are getting better traction from the livestock segment as they can ensure longer shelf-life by preventing the oxidization of the product. Also, this would lessen the amount of waste and increasing nutrition value. These are also playing a crucial role in maintaining livestock health, owing to which the feed antioxidant market would gain better traction.
The global report that is dealing with the feed antioxidants market has been segmented by type and livestock. This segmentation provides better insights regarding the market, which, when used on a proper scale, can help the players in devising better strategic measures.
By type, the global report with details on the feed antioxidants market can be segmented into butylated hydroxytoluene, ethoxyquin, beta hydroxy acid, and others. These types are getting significant traction from different sectors owing to which the growth in the market would be higher in the coming years.
By livestock, the global report with details of the feed antioxidants market can be segmented into poultry, swine, ruminants, and others. The poultry segment would create a high scope for the market to grow as the intake of chicken is growing substantially across various countries in the world.
The Asia Pacific would lead the global feed antioxidants market. This is primarily due to the increasing meat and dairy product consumption in the region. In countries like India, China, Japan, and others, the massive population is creating a huge scope for the market players to expand their business. This is further getting traction as the demand for better quality meat and dairy products are growing.
In North America, the growth would be backed by the livestock industry. The US is expected to be one of the major feed antioxidants producers as their demand for meat products is higher than in other countries. In Europe, this growth would be backed by Germany, the UK, France, and others where demand for meat, egg, and dairy products are witnessing a thrust.
There are several companies involved in the global market for feed antioxidants to support the husbandry, poultry, and other industries. These companies are investing substantially on their strategic moves to ensure the end result improves, both on an individual scale and global scale. These companies are Royal DSM N.V. (Netherlands), BASF SE (Germany), Cargill, Incorporated (US), Kemin Industries (US), Adisseo (France), Archer Daniels Midland Company (US), Nutreco N.V. (Netherlands), Novus International Inc. (US), Danisco (Denmark), Perstorp (Sweden), OXIRIS (Spain), Yufeng International Co., Ltd (China), Alltech, Inc. (US), BTSA (Spain), and Vitablend Nederland B.V. (Netherlands). The market players are investing in collaborations, new discoveries, research and development facilities, mergers, acquisitions, expansion plans, various marketing strategies. MRFR listed the latest moves to get a feeling about how the market is expecting a change in the coming years.
In October 2019, Layn Corp of China launched a new line of antioxidants to bolster their new feed sector. The new line would include several components like citrus bioflavonoids, polyphenol-rich extracts, plant-based sweeteners, and others. Their primary intention is to provide plant-based substance as many feed-takers are preferring that for their cattle and other animals. This would lessen the chance of side-effects and help in the growth of the number of users.
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