Global Natural Poultry Antioxidants Market, By Poultry Type (Chickens but Turkeys, Geese, Ducks, Poultry, Others), By Form (Dry, Liquid) By Regions (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Industry Trends and Forecast to 2030.
Global Natural Poultry Antioxidants Market
Global Natural Poultry Antioxidants Market is expected to reach USD 474.92 million by 2022, which will reach USD 1504.06 million in 2030, registering a CAGR of 15.4% during the forecast period 2023-2030.
Antioxidants are chemicals that help fight the damaging effects of unbalanced substances called free radicals. Highly productive animals need a balanced diet to improve their performance. Antioxidants are used in bird feed, which provide important nutrients such as fats, vitamins and pigments.
Market Drivers
Disease outbreaks and the need to maintain livestock health are increasing. Awareness among farmers about protein fortification and availability of livestock is expected to drive market growth during the forecast period. Increasingly widespread outbreaks of diseases such as foot-and-mouth disease and influenza have raised animal health concerns. to overcome or prevent such diseases, the demand for antioxidants is expected to increase during the forecast period. Growing demand for feed additives that maintain animal metabolism is expected to boost market growth in the future. The need for antioxidants in feed is increasing due to the increasing demand for animal protein
Rapid growth in meat production in various developing countries is expected to play a major role in the growth rate of the natural poultry feed antioxidants market due to increasing consumer awareness of protein-rich products and easy availability of livestock. Additionally, increasing awareness of antioxidants such as vitamins, prevention of lipid degradation in animal and plant feeds, and benefits of arytenoids in animal feeds will create lucrative growth opportunities for the natural poultry feed antioxidants market.
Market Restraints
The high cost of natural antioxidants may hinder the market growth during the forecast period, while the quality control of feed additives produced by various companies will be a major challenge for the growth of the organic poultry feed antioxidants market. This Natural Poultry Feed Antioxidants market report includes information on new recent developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, new revenue pocket opportunities, market change analysis. regulations, strategic market growth analysis, market size, category market growth, application niches and governance, product approvals, product launches, geographic expansions, technological innovations in the market.
Market Opportunities
standardization of meat products and advanced food production technology provide ample opportunities for the market of natural poultry food antioxidants.
Impact of COVID-19
Agriculture and food production have been identified as critical sectors during the COVID-19 situation. As a result, farmers have continued to ensure that farm animals receive quality feed to feed an ever-increasing number of global consumers. However, supply chain disruptions have become the most important factor affecting the organic poultry antioxidants market. China is a major producer and exporter of feed amino acid premixes and during the outbreak of the COVID-19 situation, when businesses were closed for the Lunar New Year, they stockpiled a significant amount of product to last 2-3 months. to deliver In addition, logistical problems prevented the delivery of containers and ships and the transport of certain micro components.
Market Segmentation
Global Natural Poultry Antioxidants Market is segmented on the basis of By Poultry Type, By Form
Based on the By Poultry Type market is segmented into Chickens But Turkeys, Geese, Ducks, Poultry, Others. Further market is segmented into By Form market is segmented into Dry, Liquid.
Regional Analysis
Global Natural Poultry Antioxidants Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific leads the natural poultry feed antioxidants market due to the region's largest consumption of feed antioxidants. North America is expected to witness significant growth between 2023 and 2030, driven by a higher number of major meat producers in the US, sustainable farming practices and high meat consumption in the region.
Key Players.
Various key players are listed in this report such as Cargill, Incorporated, Dow, BASF SE, Chr. Hansen Holding A/S, D.S.M, DuPont, Evonik Industries AG, NOVUS INTERNATIONAL, Alltech, Associated British Foods plc.
Market Taxonomy
By Poultry Type
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