Feed Antioxidants Market Size and Forecast (2022-2029), Latest Trends, dynamics, and Key Companies competition.
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Feed Antioxidants Market Overview:
When animals are exposed to reactive oxygen species, which include single oxygen atoms, free radicals, and hydrogen peroxide, they are protected from cellular damage. Antioxidants are a class of compounds that include vitamins, minerals, nutraceuticals, and herbs. Beta-carotene, ascorbic acid (Vitamin C), alpha-tocopherol (Vitamin E), and enzymes like glutathione peroxidase, catalase, and superoxide dismutase are just a few examples of the many different types of antioxidants that are used for animals. Antioxidant supplementation is beneficial for any chronic inflammatory condition in animals. Antioxidants will extend the shelf life of the feed products and safeguard their nutritional value when used in feed. The most widely used antioxidants are ethoxyquin, butylated hydroxyanisole (BHA), and butylated hydroxytoluene (BHT).
Feed Antioxidants Market Dynamics:
Increased farmer awareness of protein enrichment and livestock availability are expected to drive market growth over the forecast period. Increasingly widespread outbreaks of diseases such as foot and mouth disease and flu have raised animal health concerns; in order to overcome or avoid such diseases, demand for antioxidants is expected to rise over the forecast period. The increasing demand for animal feed additives to maintain livestock metabolism rates is expected to drive market growth in the future. The increase in feed production, the implementation of advanced animal husbandry practises to improve meat quality, the increasing meat-consuming population, and changing food habits of customers, which creates demand for meat with specific texture and flavour, are all factors that contribute to the growth of feed antioxidants market.
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Feed Antioxidants Market Segment:
By animal, the poultry sector is anticipated to hold the largest market share globally by 2029. This is primarily due to the rising religious acceptance of chicken consumption over other meats, which is predicted to increase demand for poultry livestock. The governments of African nations have put forth several initiatives to promote domestic poultry farming. The market penetration of these additives will therefore further increase because of the regulatory preference.
Feed Antioxidants Market Key players:
- Cargill
- Archer Daniels Midland Company
- Koninklijke DSM N.V.
- BASF SE
- Nutreco
- Kemin
- Adisseo
- Perstorp
- Alltech
- Caldic
- Novus International
- Chemical Fine Sciences
- Oxiris Chemical
- VDH ChemTech
- Zhejiang Medicine
- BTSA
Feed Antioxidants Market Regional Analysis:
North America, Europe, Asia Pacific, the Middle East, Africa, and South America are the five important geographic regions of the Feed Antioxidants market.
Research methodology:
- Through primary and secondary research, the major players in the Feed Antioxidants Market were identified, and their respective global market shares were calculated.
- To gain in-depth market insights, the research approach includes examining the annual and quarterly financial reports and regulatory filings of the leading market competitors.
- Most of the market’s penetration rates percentage shares, splits, and breakdowns were calculated from secondary sources and confirmed from primary sources.
- To obtain validated and verified quantitative and qualitative data, all significant macro indicators influencing the revenue growth of the market segments and sub segments were considered, carefully examined, confirmed through primary research, and assessed.
- In this MMR report, the obtained market data was combined with specific inputs, examined, and presented.
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