Feed antioxidants are additives used for improving the feed quality by maintaining the original feed characteristic. They are primarily used for prevention of rancidity of the feed, which degrades the feed quality at the time of storage and transportation. Along with improving the feed quality, they also improve animal health by reducing livestock diseases. The most common antioxidants used in feed are beta hydroxy acid, butylated hydroxytoluene, and ethoxyquin.
Growing awareness regarding livestock health, along with increased demand for nutritive animal feed products is estimated to raise the demand for feed antioxidants. Moreover, the use of feed antioxidants has helped in increasing the feed consumption and also reducing the feed wastage. Use of BHA, as a feed antioxidant in feed formulation is experiencing a high demand owing to its enhanced functionality. Moreover, increased demand for meat and meat products has uplifted the demand for nutritive feed, which has uplifted the feed antioxidants market.
Use of feed antioxidants has expanded globally, as they help in controlling the oxidation of feed components at the time of storage and transport. Additionally, the enhancement of the product coupled with technological advancements is considered one of the significant reasons for the increasing growth of the feed antioxidants market during the forecast period, 2017-2023.
Major Key Players:
Some of the key players profiled in the global feed antioxidants market are Cargill Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Alltech, Inc. (U.S.), Adisseo France SAS (France), Danisco A/S (Denmark), Koninklijke DSM N.V (the Netherlands), Kemin Europa NV (Belgium), Perstorp Holding AB (Sweden), Novus International, Inc. (U.S.) and Nutreco N.V. (the Netherlands).
Key Findings:
The demand for feed antioxidants is high in the poultry and livestock industry
Asia Pacific region is experiencing a higher growth rate in the global feed antioxidants market
In July 2017, German company BASF, has released a vitamin A formulation that includes an alternative to ethoxyquin for use in livestock and fish feed
The global feed antioxidants market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the feed antioxidants market followed by North America. In the Asia Pacific region, India and China are the major consumers of feed antioxidants, which have resulted in the market growth of this region. Furthermore, increasing livestock diseases and high consumption of meat products in the developing countries of Asia Pacific region, have positively resulted in the growth of the feed antioxidants market.
Moreover, rising demand for feed additives such as antioxidants in countries such as the U.S., Canada, and Mexico in the North America region is projected to boost the feed antioxidants market during the forecast period.
