The global feed antioxidants market was valued at USD 299.65 million in 2023 and is anticipated to reach USD 315.68 million in 2024 from USD 478.99 million by 2032, growing at a CAGR of 5.35% from 2024 to 2032.
Feed Antioxidants are substances used in feed for animals to increase their shelf life by preventing unnecessary oxidation in finished feeds and animal guts. Antioxidants also help protect nutritional supplements in the feed from deterioration, which includes vitamins, fats, and pigments.
The market is showcasing the evident potential in the mentioned forecasting period. The feed antioxidants market has continued to gain momentum because of Antioxidants’ essential contribution to all kinds of animal feeds and is thus expected to show steady growth in years to come, resulting in the agriculture industry growing interested in the market.
Increasing awareness among farmers about the benefits of Antioxidants on Animal health has led the market to show significant growth recently. Other factors driving the growth of the Feed Antioxidants Market size include increasing feed prices, reduced wastage due to oxidation, the industrialization of the livestock industry, and the livestock disease outbreak fuelling the additives market. These factors have played a key role in the recent growth of the market. Besides these, the feed antioxidants market also faces some challenges and restraints, which include competition for raw materials with other industries, stringent government regulations, and price volatility of Agri-commodities.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
5.35% |
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Segments Covered |
By Livestock, Antioxidant Types, and Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Adisseo France SAS, Alltech, Archer Daniels Midland Company, Cargill Inc, Danisco, DSM, Nutreco N.V., Novus International, Kemin Europa, Perstorp. |
The market was dominated by Asia-Pacific, led by China and India, with an overall market share of over 35% globally. Asia-Pacific was followed by North America, led by the US. Rapid industrialization drives the market growth in North America and thus, it is expected of America to show the highest CAGR in the years to come.
Some of the major companies leading the feed antioxidants market include Adisseo France SAS, Alltech, Archer Daniels Midland Company, Cargill Inc, Danisco, DSM, Nutreco N.V., Novus International, Kemin Europa, Perstorp are playing a dominating role in global feed antioxidant market.
By Livestock
By Antioxidant Types
By Region
Frequently Asked Questions
The global feed antioxidants Market is expected to grow at USD 299.65 million in 2023.
The feed antioxidant market is estimated to be growing at a CAGR of 5.35%, to reach USD 388.88 million by 2028.
Some of the major companies leading the Feed Antioxidants market include Adisseo France SAS, Alltech, Archer Daniels Midland Company, Cargill Inc, Danisco, DSM, Nutreco N.V., Novus International, Kemin Europa, Perstorp are playing a dominating role in global feed antioxidant market.
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