Global Feed Antioxidants Market - 2023-2030

Global Feed Antioxidants Market - 2023-2030

Global Feed Antioxidants Market reached US$ 671.45 million in 2022 and is expected to reach US$ 984.50 million by 2030, growing with a CAGR of 4.9% during the forecast period 2023-2030.

The global feed antioxidants market has witnessed significant growth and transformations over the years, as antioxidants can help prevent the degradation of important nutrients present in feed by oxidation reactions and help in providing all the necessary nutrients to animals for proper growth and development. Hence such factors can help in increasing the global feed antioxidant markets.

Additionally, Antioxidants can also prevent the damage of cells and tissues due to oxidative stress and helps in maintaining the health and well-being of animals. The antioxidants such as vitamins help in enhancing immune function and reduce the risk of diseases and improve overall animal performance, hence it leads to an increase in the usage of feed antioxidants.

Additionally, many manufacturers are focusing to produce innovative products in order to expand their portfolios and attract large consumer bases. For instance, in November 2022, Layn Natural Ingredients launched TruGro MYC, which is a potent, polyphenol-rich botanical extract solution for use as an animal feed additive to reduce the negative effects of mycotoxins on production animals. Such product launches can help in increasing the usage of feed antioxidants.

Dynamics

Raising in Livestock Farming

As the demand for animal-based products such as meat, eggs, milk, and others is rising among consumers which has raised the demand for the usage of feed antioxidants in animal diets as they prevent oxidative deterioration of essential nutrients in the feed and ensure that animals receive the necessary nutrients for optimal health and performance. It also reduces the damage to animals caused by oxidative stress, hence it leads to an increase in the usage of feed antioxidants.

Furthermore, livestock farming production is rising which ultimately helps in increasing the usage of feed antioxidants in animal diets. For instance, according to USDA, National Agricultural Statistics Service report of 2023, The combined value of production from broilers, eggs, and turkeys, the value of sales from chickens in 2022 was $77.0 billion, which raised up to 67 percent from $46.1 billion in 2021., in that 66 percent was broilers, 25 percent was eggs, 9 percent was turkeys, and less than 1 percent from chickens.

Rising Demand for High-Quality Meat

As the demand for high-quality meat is raising the demand for the use of feed antioxidants as antioxidants help preserve the nutrient value of feed ingredients to deteriorate by oxidative reactions, and provides them to animals which help in achieving desired growth rates, reproductive performance, and overall animal well-being. Such factors can help in increasing the usage of feed antioxidants.

Furthermore, many manufacturing companies are focusing to produce high-quality products in order to help the farmers to achieve high productivity. For instance, Alltech company has produced a Sel-Plex organic form of selenium yeast, it safer and better able to meet the higher requirements of livestock raised for rapid growth, reproductive performance and health. In beef cattle, it supports antioxidant status, meat quality and nutritional value of meat, promotes proper reproductive health and others. Such products can help in increasing the usage of feed antioxidants.

Government Regulations

Consumers becoming more aware of the supplements and additives being used for the growth of livestock can cause several adverse effects for humans such as causing an imbalance in nutrient intake, hormonal changes, increases fat content in humans, and other such adverse effects that can hamper the market growth.

Furthermore, many governments are imposing regulations on the usage of additives, antioxidants in the feed. For instance, according to European Commission has imposed some regulations such as The Feed Additives Regulation of September 2003 establishes a common procedure for authorizing feed additives and provided some rules for labeling, marketing and use. Such regulations can cause declination in market growth.

Segment Analysis

The global feed antioxidants market is segmented based on type, livestock, distribution channel, form and region.

Increase in Demand for High-quality Feed

Butylated hydroxyanisole segments hold the largest share in the global feed antioxidant market. The farmers are willing to adopt the BHA as they help protect essential nutrients such as vitamins, fatty acids, and other bioactive compounds from degradation due to oxidation, they help maintain the nutritional value, flavor, and aroma of the feed, ensuring that animals receive a diet with consistent quality and also helps prolong the shelf life of the feed, hence it leads to increase in the usage of feed antioxidants.

Furthermore, many manufacturing companies are producing high-quality products in order to help farmers to achieve high productivity. For instance, Solvay-produced BHA Optimox provides Strong oxidation protection, is Toluene-free ensuring the highest standard of food and feed safety, has high purity with a minimum assay of 98.5%, and with a high 3-BHA content: ≥95%, Excellent solubility. Such product can help in increasing the market size.

Geographical Penetration

Increase in Demand for Meat production, Consumption and Exports

Asia-Pacific has been a dominant force in the global feed antioxidants market and its significance has only grown in the post-2020 era. Animal farming in this region is adopting these antioxidants in the animal feeds as they help maintain the essential nutrients, reduce the damage of cells and tissues due to oxidative stress, and help in improving the immune system. Hence, such factors help in increasing the adoption rate

Furthermore, the demand for meat production and consumption is more in this region. For instance, according to the Safe Food Production Queensland report of 2023, the gross value of Australian poultry meat production is $2.9 billion in 2019-20, and Australia produced 1.2 million tons of poultry meat.

Additionally, according to the same report, Australians consume 47.46kg of chicken per person each year, making it the highest-consumed meat protein, ahead of beef, lamb, and pork, and in 2019-2020 the total exports were 85 million. This indicates the increase in poultry farming which ultimately increases the demand for feed antioxidants.

Competitive Landscape

The major global players in the market include Adisseo, Alltech, Inc., KEMIN, Solvay S.A, Oxiris Chemicals, Cargill, DSM, Bertol Company, Food Safe Technologies and Novus International.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain due to government lockdown restrictions, but during the pandemic, meat consumption has increased as people are opting for protein-rich foods which increased the demand for high-quality animal feeds, which has shown a positive impact on the global feed antioxidants market.

Russia-Ukraine War Impact Analysis

The ongoing conflict between Russia and Ukraine had brought a negative impact on the country's economy and also cause disruption in the supply chain as many manufacturing companies are shut down due to less employment ratio, exports, and imports rate. Hence the demand for feed antioxidants is reduced which has shown a negative impact on the global feed antioxidants market.

By Type
• Synthetic Antioxidants
• BHT
• BHA
• Ethoxyquin
• Propyl Gallate
• Others
• Natural Antioxidants
• Carotenoids
• Tocopherols
• Botanical Extracts
• Vitamins
• Citric Acids
• Others

By Livestock
• Poultry
• Broiler
• Layer
• Others
• Aquaculture
• Fish
• Shrimp
• Others
• Ruminants
• Beef Cattle
• Dairy Cattle
• Others
• Swine
• Others

By Distribution Channel
• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Form
• Dry
• Powders
• Pellets
• Granules
• Liquid
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In June 2023, MidOcean acquired QualiTech a global manufacturer of plant nutrition, animal nutrition and food ingredient products and services.

Why Purchase the Report?
• To visualize the global feed antioxidants market segmentation based on type, livestock, distribution channel, form and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed antioxidants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global Feed Antioxidants market report would provide approximately 66 tables, 67 figures and 186 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies