Animal Feed Antioxidants Market Growth Drivers, Trends, and Forecast by 2031

MARKET OVERVIEW

Antioxidants are used as animal feed additives for a variety of reasons, including cell protection, singlet oxygen reduction, and others. Antioxidants are classified into two types natural and synthetic. These products have the ability to protect feed from oxidation by extending shelf life while also ensuring safety and quality.

MARKET SCOPE

The "Global Animal Feed Antioxidants Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the animal feed antioxidants market with detailed market segmentation by product, livestock, and geography. The report provides key statistics on the market status of the leading animal feed antioxidants market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global animal feed antioxidants market is segmented into natural and synthetic.
  
•   On the basis of livestock, the market is segmented into swine, poultry, cattle, aquaculture, and others.
  

MARKET DYNAMICS

Drivers:

•   The increasing in meat production in China, India, and the Middle East due to rising awareness among the consumers regarding protein rich products and easy availability of livestock at a domestic level is expected to play a significant role in the market, is significantly driving the market growth.
  
•   The increasing concern about the animal health and feed safety is significantly contributing to the expansion of the animal feed antioxidants market.
  
•   Rising meat consumption as a result of increasing awareness toward protein diet is expected to promote the importance of good quality feed ingredients for livestock.
  
•   These ingredients are capable of extending the storage period as well as the durability of animal feed is also propelling the demand of animal feed antioxidants.
  

Restraints:

•   Strict government regulations and difficulties in working with natural antioxidants.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The animal feed antioxidants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the animal feed antioxidants market in these regions.

IMPACT OF COVID-19 ON ANIMAL FEED ANTIOXIDANTS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 pandemic has affected major chemical and materials industries, including animal feed antioxidants. Owing to the current pandemic situation, many companies in the animal feed antioxidants industry are experiencing limitations in manufacturing and production activities, as well as logistical problems as a result of ongoing trade restrictions. However, with opening several markets across the globe, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand of the animal feed antioxidants market is anticipated to grow at a positive and steady pace in the coming years.

MARKET PLAYERS

The report covers key developments in the animal feed antioxidants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from animal feed antioxidants market are anticipated to lucrative growth opportunities in the future with the rising demand for animal feed antioxidants in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the animal feed antioxidants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BASF
  
•   Chr. Hansen Holdings A/S
  
•   Adisseo
  
•   Archer Daniels Midland Company
  
•   Cargill
  
•   DuPont
  
•   Evonik Industries AG
  
•   Kemin Industries
  
•   DSM
  
•   Novus International
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Animal Feed Antioxidants Report Scope