[FURL=https://www.industryarc.com/Research/Animal-Feed-Antioxidants-Market-Research-504922]Animal Feed Antioxidants Market[/FURL] size is $357.9 Mn in 2019, growing at a CAGR of 4.8% during the forecast period 2020-2025. An antioxidant is a substance that prevents oxidation of animal feed and the consequences of the intake of free radicals by an animal and is used for avoiding oxidation of fats and fat-containing products. Livestock producers use these animal feed antioxidants in small doses to enhance and maintain overall health of the animal. It also prevents the livestock from various disease outbreaks and helps in increasing overall body mass of the animals. Antioxidants are mainly used in animal feed industry for providing protection of essential nutrients such as vitamins, fats, and pigments from deterioration. The use of antioxidants in the feed will protect the nutritional quality of the feed and improve the shelf life of the feed products.Key Takeaways
The increasing focus on animals’ health and quality of feed in terms of taste and nutritional value is likely to be the major driving factor for the market’s growth.
Growing awareness have created a need for medical assistance in livestock breeding industry that drive the demand for animal feed antioxidants market.
Europe region is expected to record the fastest growth rate during the forecast period 2020-2025 attributed to the robust manufacturing base of pork meat in European countries including Germany, France, and Russia is anticipated to upsurge the availability of livestock and in turn, will expand industry growth.
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Animal Feed Antioxidants Market Segment Analysis - By Geography
In 2019, the Asia-Pacific region dominated Animal Feed Antioxidants Market in terms of revenue with a market share of more than 40% owing towards the rising population and demand for poultry meat and eggs, especially in India and China. The industrialization of meat production, adoption of scientific feed, coupled with the increasing awareness among producers is driving the growth in this region. The increasing cost of feed is the main factor leading to an increased demand for the feed antioxidants to prevent feed spoilage and enhance its shelf-life in this region aids to the market’s growth. Government has taken initiatives to promote technological advancements in this region are key factors in the growth of the Animal Feed Antioxidants market. Europe is projected to record the fastest growth rate during the forecast period 2020-2025.
Animal Feed Antioxidants Market Drivers
Increasing Consumption of Meat Products :
Animal Feed Antioxidants Industry Outlook : Animal Feed Antioxidants top 10 companies include Dsm Nutritional Product, Llc., Cargill Corporation, Zhejiang Medicine Co., Ltd., Adisseo, Novozymes, Alltech, Beldem, Kemin Industries, Inc., Ab Vista and Dupont.
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