Feed Antioxidants Market

Global Feed Antioxidants Market Size (2024 to 2032)

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.

Current Scenario Of The Feed Antioxidants Market 

The feed antioxidants market continues to grow steadily. The market is showcasing the evident potential in the mentioned forecasting period. Also, it has remained on course 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.

Moreover, the supply of feed in farm animals keeps on rising as it plays a crucial part with in the production of livestock. In the last few years, several regulatory developments influenced the market. Like, lately, the European Commission has permitted the marketing and application of a new additive and a novel variety of animal feed for the farms. One of these items is known as 3-fucosyllactose. The real item that has been permitted originated from BL21 (DE3), which is a strain of E. coli.

Market Drivers

The growth of the feed antioxidants market is driven by several factors including the increasing demand for animal food items like eggs, milk, and meat, rising awareness of animal well-being, expanding feed manufacturing levels, and the adoption of advanced animal husbandry techniques to enhance meat quality. Industry experts indicated that the market is experiencing slow but steady growth even though challenges posed by climate change, increased drought, and animal diseases, and they anticipate that this growth will accelerate. Farmers are increasingly recognizing the strong connection between animal health and performance, leading them to pay more attention to potential issues in feed and feed ingredients that could compromise animal health. This assists the application of raw components in animal feeds that enhance disease resistance, improve manufacturing quality and efficiency, lower feed expenses, and minimize waste.

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.

Additionally, these antioxidants are favored more every day because of the surge in the price of feed and their raw materials in the world and the recognition of the significance of conserving what is available. Furthermore, the humid and hot climate in many regions globally necessitates the use of antioxidants in feed. In the dynamic landscape of pet and animal nutrition, the quest for high-quality, unique ingredients is essential for manufacturers aiming to satisfy the varied requirements of their customers.

Market Restraints

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.

The market contends for particular raw materials that are also essential in other sectors, such as cosmetics, pharmaceuticals, and food production. For instance, ingredients like vitamins and certain plant extracts are in demand across multiple industries. This competition can lead to shortages or increased costs for these raw materials, making it difficult for feed antioxidant manufacturers to secure the necessary inputs at stable prices. As a consequence, manufacturers may face restraints in maintaining production levels and could be compelled to raise prices or seek alternative sources, which may not always meet quality standards.

Another factor limiting the market growth is stringent government regulations. Government authorities are implementing stricter regulations regarding the use of certain synthetic antioxidants in animal feed, Like, BHT and BHA. This scrutiny can result in restrictions or bans on specific substances, limiting manufacturer’s ability to use established ingredients in their formulations. Such limitations can disrupt the existing range of products and compel companies to reformulate their products, which can be time-consuming and expensive.

Market Opportunities

The development of tailored formulations provides potential opportunities for the expansion of the feed antioxidants market. There is a prospect of producing customised antioxidant mixes made particularly to the nutritional requirements of different animal species and production systems. By devising blends that resolve the innovative health problems and dietary needs of several livestock, manufacturers can improve feed efficacy. This approach could enhance growth rates, reproductive performance, and overall animal health, allowing producers to optimise their feeding strategies.

Another unexplored nutritional potential is peanut skins which are expected to accelerate the market growth rate. Even though they are thin, peanut skins are abundant in important nutrients. It contains protein, carbohydrates, fats, fiber, minerals and vitamins. However, the main thing that attracted the experts is that it also includes bioactive compounds, comprising antioxidants. This if leveraged can significantly benefit the market.

Market Challenges

The price vitality of agricultural commodities is one of the major challenges for the growth of the feed antioxidants market. This is because of various factors like geopolitical events, changes in global supply and demand, and weather conditions. This instability impacts the cost of raw materials utilised in producing these antioxidants. For instance, if there is a sudden increase in the price of vegetable grains or oils, which are key ingredients in many feed formulations, manufacturers may encounter higher production expenses. Such price fluctuations can squeeze profit margins and force market players to make tough decisions regarding pricing strategies or sourcing practices.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Feed Antioxidant Market By Livestock

The poultry segment captured a major share of the animal feed antioxidant market and will maintain this advancement to expand swiftly during the forecast years. In the poultry industry, feed is one of the significant factors impacting production, so lowering the costs of feed per bird is a prime concern. Also, supplementing feed with additives like antioxidants and enzymes, which enhance digestibility and prevent nutrient loss and can result in decreased feed expenses. Besides these, customer preference for poultry products is escalating quickly. Industry experts anticipate that this will considerably boost the growth of this segment of the feed antioxidants market.

The poultry category is followed by the cattle segment, with a notable share of this market within the aquaculture sector. The application of these antioxidants in aquaculture is rising owing to the increasing focus on sustainability in fish culture and premium or superior-quality seafood, contributing to the expansion of the market size of this segment. Further, the addition of antioxidants to the diet positively influences the welfare, survival, and growth of aquatic organisms. Apart from this, Researchers expect that the rapid demand from this sector will create market opportunities for key players operating within the industry.

Global Feed Antioxidant Market By Antioxidant Types

The BHT Antioxidants segment is the leading category of the feed antioxidants market and is likely to maintain its growth trajectory during the forecast period. It is preferred for its stability and cost-effectiveness in stopping oxidative rancidity. Also, it is widely utilized in various livestock sectors, including fish culture, swine, and poultry, establishing it as a dominant choice between artificial or synthetic antioxidants.

Furthermore, BHA antioxidant is also significant but tend to follow BHT on the basis of market share. The preference for synthetic ones like BHT and BHA is propelled by their ability to extend the shelf life of feeds for animals and enhance the quality of nutrition.

Considering the latest trends in the market, the most impactful and productive among the other artificial options is Ethoxyquin, followed closely by BHT and BHA. Despite that, as customers increasingly move away from synthetic antioxidants in favor of bio-based alternatives, manufacturers are presented with a broader array of options. Market participants may be driven to develop natural antioxidants such as tocopherols due to the fluctuating prices of petrochemicals feedstock. Furthermore, stringent government regulations positively influence the market for natural products.

REGIONAL ANALYSIS

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 that America will show the highest CAGR in the years to come. The APAC region represents a burgeoning market that holds significant promise for manufacturers in the future. China is the biggest market for feed antioxidants in the continent, and at the same time, India is a rapidly expanding market. In addition, the growing demand for protein-rich items like dairy and meat goods and rising disposable income make Asia’s emerging economies prominent players in the market. This development and growth are believed to persist steadily in the years ahead. Consequently, both this situation and the rising number of producers in the region are anticipated to have a positive impact on the feed antioxidants market. Moreover, the hot and humid weather in these regions can lead to the deterioration of animal feeds, indicating a growing need for feed antioxidants.

In North America, which plays a substantial role in the feed antioxidants market, both rising demand for livestock feed and population growth are identified as key factors driving the market. Individuals residing in the North American region are increasingly in tune with animal welfare concerns. Hence, market participants in the animal feed industry must deliver highly efficient food to maintain optimal nutrition for animals.

The European feed antioxidants market is one of the major players and is anticipated to move forward throughout the estimation period. The market growth of this region is driven by the rising demand for animal proteins which in turn is propelling the consumption of compound feeds. This necessity is also a crucial factor fuelling the development of the European market. Moreover, the anticipated growth of the pork production sector in regional nations such as Russia, France, and Germany is expected to enhance the accessibility of farm animals. Therefore, it will contribute to the market expansion over the coming years. However, war-associated crises, the Russia-Ukraine conflict, and animal diseases in raw materials and energy are significantly disrupting compound feed production in Europe, thereby limiting the feed antioxidants market.

KEY MARKET PLAYERS

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. 

RECENT HAPPENINGS IN THE GLOBAL FEED ANTIOXIDANT MARKET

• In October 2024, Syensqo introduced Riza, which is a 100 percent plant-based variety of flavours and antioxidants stemming from rosemary. The introduction of this variety follows the pattern observed in the acquisitions of the majority share of the Moroccan rosemary extraction company by Syensqo, which happened in July 2024. The innovative rosemary-based line is tailored for a variety of culinary uses and addresses consumer preferences for more natural ingredients.
•  In October 2024, a research team uncovered an abundance of bioactive compounds in red clover, also known as Trifolium pratense, seeds and their oil, establishing them as a valuable source of functional ingredients in health care and food products. Researchers have discovered that red clover seed oil is rich in high concentrations of unsaturated fatty acids, tocopherols, and phenolic compounds, paying the way for potential uses in nutritional and pharmaceutical. It has been appreciated for its role in sustainable agriculture and as a cover crop to mitigate soil erosion and decrease pesticide use. Nevertheless, its seeds, which are often utilised for animal feed, have been given minimal attention regarding their potential health advantages. 
• In June 2024, Camlin Fine Sciences Limited (CFS) press released that its completely owned subsidiary Dresen Quimica SAPI De CV in Mexico (CFS Mexico) has signed and joined a share purchase agreement to purchase 100 per cent share in Vitafor Invest NV, Belgium, along with its associates and subsidiaries for 1 Euro (1.07 US dollars).

This acquisition will strengthen the position of CFS in the animal nutrition industry, as stated by the company. The agreement involves the transfer of complete ownership of Addi-Tech NV, Vitafor NV, Vitafor China Ltd. and Europe Bio Engineering BV along with a 45 per cent stake in Vial Sarl.

DETAILED SEGMENTATION OF THE GLOBAL FEED ANTIOXIDANT MARKET INCLUDED IN THIS REPORT

This research report on the global feed antioxidant market has been segmented & sub-segmented into the following categories.

By Livestock

• Swine
• Cattle
• Poultry
• Aquaculture
• Other Livestock

By Antioxidant Types

• BHA Antioxidants
• BHT Antioxidants
• Ethoxyquin Antioxidants
• Synthetic Feed Antioxidants

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa