Animal Feed Antioxidants Market is Expected to Reach US$ 323.61 Mn in 2023 & is Estimated to Expand Worth US$ 1056.48 Mn at a CAGR of 12.56% During Forecast Period of 2023-33

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Future Market Insights Global and Consulting Pvt. Ltd.

Increasing commercial livestock farming increases market sales of animal feed antioxidants. Asia Pacific accounts for the highest sales of animal feed antioxidants and is expected to maintain a similar position until 2033.

NEWARK, Del., Dec. 30, 2022 (GLOBE NEWSWIRE) — The animal feed antioxidants market is expected to reach US$ 323.61 million in 2023 and US$ 1056.48 million by 2033, with a CAGR of 12.56% during the forecast period a.

The animal feed antioxidant market is anticipated to experience rapid expansion due to the rising need for antioxidants in the animal feed sector and the growing desire for sustainable and affordable nutrition to meet the same needs.

What is fueling demand for animal feed antioxidants?

Antioxidants protect cells from oxidative damage, lower singlet oxygen levels in animals, and prevent lipid peroxidation and oxidative rancidity in animal feed during manufacturing, processing, and storage. The adoption of animal feed antioxidants, particularly those containing antioxidants, vitamins, and minerals, has changed as more attention has been paid to improving the animal’s digestive system.

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The freshness, flavor and color of animal foods are all preserved by antioxidants. The expanding beef industry around the world is mainly responsible for the increase in sales of animal feed antioxidants. The animal feed antioxidant market is expected to grow as a result of rising knowledge about animal health and feed quality and increasing demand for animal feed antioxidant products.

Demand for animal feed antioxidants in the Asia-Pacific region

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Asia Pacific is considered the largest developing market for antioxidants and animal feed additives. The consumption of meat is rising, and commercial agriculture is expanding in the area, these are the major factors driving the market for animal feed antioxidants.

Animal feed producers are particularly concerned with boosting production capacity to meet the growing demand for animal feed antioxidants and supplements as commercial farming becomes more prevalent. The expansion of the animal feed antioxidant market in Asia Pacific is expected to expand commercial agriculture and manufacturers’ production capacity.

The desire of manufacturers to grow their market share in the animal feed sector will drive the demand for animal feed antioxidants in the Asia Pacific animal feed antioxidant market.

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Key Takeaways

  • With a revenue share of 43% in 2023, the Asia Pacific region dominated the animal feed antioxidants market.

  • In terms of products, the synthetic segment of the market for animal feed antioxidants is expected to have a revenue share of approximately 61% in 2023.

  • During the forecast period 2023-2033, the market for natural animal feed antioxidants is expected to expand at a CAGR of 7.9%.

  • In terms of livestock, the poultry segment of the animal feed antioxidant market had the largest share of revenue in 2023, at more than 42%.

  • Between 2023 and 2033, the dairy animal feed antioxidant market for poultry and livestock is projected to expand at a CAGR of 8.1%.

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Competitive landscape

In order to expand their market presence and product offerings on the global market, major producers such as Cargill and others are focusing on expanding their production facilities as well as forming strategic alliances/partnerships with local producers of animal feed antioxidants.

In order to increase production and improve product quality, manufacturers such as Archer Daniels Midland Company and BASF are introducing cutting-edge methods and techniques. Animal feed antioxidant market businesses are investing in R&D to create technologies to produce and process competitive and flexible animal feed.

Recent developments

In November 2021, the Danish biotechnology company “Novozymes” may acquire the Indian pharmaceutical company “Synergia Life Sciences.” Synergia is renowned for manufacturing natural Vitamin K2-7 and probiotics. The deal is sealed by a $150 Mn payment from Novozymes. The acquisition could be beneficial for Novozymes’ functional foods division.

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Key segments

By product:

By animal:

  • Pig

  • animal

  • Poultry

  • Aquaculture

By form:

By region:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • MEA

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Table of contents

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side trends

1.3. Supply Trends

1.4. Analysis of Technology Roadmap

1.5. Analysis and Recommendations

2. Market overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. How to start walking

3.1. Dynamic market

3.1.1. The drivers

3.1.2. Restraint

3.1.3. Opportunity

3.1.4. Trend

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