Animal Feed Antioxidant Market Size, Share, Analysis, Industry Demand And Forecasts Report To 2022

Published On:July 3, 2017, 4:00 pm

Animal Feed Antioxidant Otherwise termed as ‘shelf-life extenders’, antioxidants are substances which inhibit reactions promoted by oxygen or peroxides. Feed antioxidants are elements that are put to use in animal feeds in order to escalate the shelf life of the feed by averting unwanted oxidation in the animals’ guts and finished feeds. These substances safeguard further worsening of other feed nutrients in the feed like vitamins, fats, flavoring agents and pigments, hence rendering nutrient security to animals. Basically, feed antioxidants are known to keep the energy and nutritional value of the feed unharmed and also avoid rancid oxidation of fats.

Animal feed which gets oxidized can result in decreased animal health and performance. Hence it is crucial to avoid the feed from getting oxidized. It has been predicted that with rise in demand for livestock products like eggs and milk, meat on a global level, the need for antioxidants in the form of feed additives will also increase. Antioxidant use in animal feed is also dependent on the climate change. Across the world, livestock producers will aim towards high use of antioxidants in the feed in order to lessen the amount of loss owing to deterioration of feed and to save cost on feed inputs.Asia and South America has humid climates which has more moisture levels in the air which make the feed more prone to getting oxidized and that might lead corrosion of feed quality.

The Global Animal Feed Antioxidant Market is anticipated to reach USD 256.9 Million by the end of 2022, and there by registering itself at a substantial compound annual growth rate of 5.24% during the forecast period. One of the key factors contributing to the global growth of this market industry in the rising significance of animal protein above plant-based vis-à-visesis estimated to act as a critical role in driving the growth of this market industry. Also, such high growth rate of this market is mainly owing to increased meat consumption in the world and more number of health concerns in livestock.Moreover, escalation in the cost of feeds has been impelling this market industry. Elevating awareness amongst animal breeders pertaining to the role of feed antioxidants in getting down the complete rate of the feed and the rise in adoption for antioxidants owing to the disease resistant characteristics which it possesses.

More number of diseases in the domestic and farm animals is also one of the major worry which will fuel this industry’s market growth. In 2014, natural antioxidants reported revenue of more than USD 80 million. Increasing prominence of tocopherols as a source of vitamin E in European Union countries, especially in UK and Germany, amidst governing support for its addition in feed industry will have a considerable effect on natural product forms during the forecast period.In 2014, the demand for animal feed antioxidants in aquaculture surpassed four kilo tons.By adding antioxidants to feed assists in oxidizing fat in fish, which maintains a few nutritional content and vitamins within the meat.PARAdigmOX technology is used by Kemin Industries in formulation of its antioxidant product, and for aquaculture applications is uses Blue liquid. Also, this technology is based on ternary solvent system that renders protection against oxidation in oil and interfaces of fish body.

The key market players of the global animal feed antioxidants market share areDSM Nutritional, BASF, and DuPont. A few other significant market participants are Cargill, Novozymes,Alltech, AB Vista,Kemin Industries, ADM, Beldem, Zhejiang Medicine Co. Ltd., and Adisseo. Based on the type of the product, this market is split into synthetic antioxidant and natural antioxidant. The end user application of the global animal feed antioxidants market are Poultry, Aquaculture, Livestock, and others. Lastly, geographically, this market industry is segmented in to regions such as Europe, North America, Southeast Asia, China, India, and Japan.

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