The global animal feed antioxidants market is expected to
reach USD 256.9 Million by 2022, according to a new report by Grand View
Research, Inc. Increasing importance of animal protein over plant-based
counterparts is expected to play a crucial role in driving market growth.
The government of China announced
the “Guideline for Beef Industry Development Towards 2020” in September 2013,
aimed at increasing domestic beef production capacity from 6.3 million tons in
2013 to 7.86 million tons by 2020. This move is expected to open new avenues
for animal feed antioxidants market over the next seven years.
Natural antioxidants reported
revenue of over USD 80 million in 2014. Rising importance of tocopherols as a
source of vitamin E in countries of European Union, particularly Germany and
UK, amid regulatory support for its inclusion in feed industry will have a
significant impact on natural product forms in the near future.
Browse full research report on Animal Feed Antioxidants
Market: http://www.grandviewresearch.com/industry-analysis/animal-feed-antioxidants-market
Further key findings from
the report suggest:
- Global animal feed antioxidants demand was 58,202.9
tons in 2014 and is expected to grow at a CAGR of 3.7% from 2015 to 2022
- Demand for animal feed antioxidants was highest in
poultry accounting for over 30% of the global volume share in 2014.
Antioxidants are added to poultry feed to enhance the vitamin content and
reduce the number of free radicals. Rising consumption of poultry products
is expected to drive antioxidants market.
- Butylated Hydroxyanisole (BHA) was the majorly used
synthetic antioxidant, accounting for over 13 kilo tons in 2014. It is
used as a supplement in poultry on account of its property as a free
radical scavenging agent.
- Animal feed antioxidants demand in aquaculture exceeded
four kilo tons in 2014. Addition of antioxidants to feed helps in
oxidizing fat in fish, which conserves vitamins and some nutritional
content within the meat. Kemin Industries utilizes PARAdigmOX technology
in formulation of its antioxidant product, Blue liquid, for aquaculture
applications. The technology is based on ternary solvent system, which
provides protection against oxidation in oil and interfaces of fish body.
- In July 2011, the government of Saudi Arabia
announced a revised imported feed subsidy list comprising 31 feed
ingredients including corn, soybean meal, and sorghum. Aforementioned
subsidy allocation towards procurement of feed ingredients in Saudi Arabia
is expected to open new opportunities for manufacturers to invest in the
region.
- Global animal feed antioxidants industry was
dominated by BASF, DSM, ADM, and Novozymes in 2014. These four companies
accounted for over one-fourth of global volume of production in 2014.
These market players have also integrated their business from raw material
supply to manufacturing as well as distribution of antioxidants.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/animal-feed-and-feed-additives
Grand View Research has segmented
the global animal feed antioxidants market on the basis of livestock, product,
and region:
Animal Feed Antioxidants Product
Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
- Natural
- Synthetic
- Ethoxyquin
- Butylated Hydroxyanisole (BHA)
- Butylated Hydroxytoluene (BHT)
Animal Feed Antioxidants Livestock
Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
- Swine
- Poultry
- Cattle
- Aquaculture
- Others
Animal Feed Antioxidants Regional
Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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