Infinium Global Research has added a new report on Animal Feed Antioxidants Market. The report presents analysis of global as well as regional markets of animal feed antioxidants market over the period of 2016 to 2024. Oxygen in the air accelerates decomposition of different feed ingredients including animal fat and oil, carotene contained in feed that may cause loss of feed taste and quality. Antioxidant is a substance that prevent oxidation of animal feed and the consequences of the intake of free radicals by animal. They play a vital role in the stability and shelf life meat. Antioxidants are classified into two large groups such as synthetic and natural. Some chemical substances designed for feed additives such as dibutylhydroxytoluene (BHT), ethoxyquin and butylhydroxyanisol (BHA). Ethoxyquin is vastly used in the animal feed in order to protect against the lipid peroxidation.
Growing awareness related to the benefits of antioxidants such as prevention of deterioration of animal and vegetal lipids, vitamins, carotenoids in animal feed is the major factor driving the growth of the Animal Feed Antioxidants Market. Moreover, reduction of wastages of animal feed caused by oxidation is supporting factor that aid the market growth. Rising demand of meat across globe due to high source of protein and growing awareness of animal health have positive impact on the Animal Feed Antioxidants Market. However, strict regulation related to animal feed antioxidants may hamper the growth of Animal Feed Antioxidants Market. Going further, consumer preference and acceptability toward qualitative feed for the livestock is expected to create lucrative growth opportunities for animal feed antioxidants market over the forecast period. Rising uses of mold inhibitors in feed antioxidants industry is also provide growth opportunities for the market in upcoming years.
Among the Geographic’s, Asia pacific is the leading region in the Animal Feed Antioxidants Market owing to the largest consumer of feed antioxidants. The countries such as china and India are focusing on production of chicken, and beef is anticipated to increase the significance of animal feed antioxidants over the upcoming years. North America region is expected to have significant growth over the forecast period owing to the presence of larger number key players of meat manufacturers in the U.S. The sustainable animal farming practices and high per capita spending on meat consumption are some factors that boost the market in North America region. Robust key player base of pork meat in europium countries is anticipated to increase the availability of livestock. This in turn, rise in feed antioxidants industry over the upcoming years.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global animal feed antioxidants market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Asia Pacific dominated the global animal feed antioxidants market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the animal feed antioxidants market worldwide.
The report segments the global animal feed antioxidants market on the basis of Product Type and Livestock.
Global Animal Feed Antioxidants Market by Product Type
o Butylated Hydroxyanisole (BHA)
o Butylated Hydroxytoluene (BHT)
Global Animal Feed Antioxidants Market by Livestock
Companies Profiled in the Report
· BASF SE
· Cargill Inc.
· AB Vista
· Kemin Industries, Inc.
· Zhejiang Medicine Co., Ltd.
· Nutreco N.V.
About Infinium Global Research
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