According to a market research report published by Transparency Market Research, the global animal feed antioxidants market is estimated to expand at a CAGR of 4.2% during the period between 2012 and 2018. The report, titled “Natural and Synthetic Animal Feed Antioxidants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,” projects the global annual feed antioxidants market to be worth US$216.8 mn by 2018. The overall market was worth US$162.4 mn in 2011.
The report points out that rise in meat consumption worldwide has boosted the growth of the global animal feed antioxidants market. The increasing incidence of disease outbreaks among livestock has fuelled the demand for feed antioxidants. However, difficulties in working with natural antioxidants, along with stringent government regulatory structure and intervention will hinder the growth of the market during the forecast horizon. The global animal feed antioxidants market has a huge opportunity to grow with the increasing preference for synthetic antioxidants over natural antioxidants. The growing trend of blending different antioxidants is expected to reduce costs of animal feed antioxidants significantly.
In terms of product type, the report categorizes the global animal feed antioxidants market into natural and synthetic feed antioxidants. Synthetic feed antioxidants have been further divided into ethoxyquin, butylated hydroxytoluene (BHT), and butylated hydroxy anisole (BHA). While natural antioxidants are formulated using natural raw materials such as rapeseeds, corn, and oilseeds that are mixed with grains such as soya, synthetic animal feed antioxidants are made up of pure substances that have constant compositions.
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On the basis of livestock, the report segments the global animal feed antioxidants market into poultry, pork/ swine, aquaculture, and cattle. In 2011, the poultry segment accounted for a share of 33.95% in the market while the pork/ swine segment held 27.6% of the market.
The report studies the global animal feed antioxidants market across four key regions: North America, Europe, Asia Pacific, and Rest of the World. In 2011, Asia Pacific dominated the overall market with China holding over 50% of the market. The report projects that during the forecast horizon, Asia Pacific will continue its dominance and emerge as the largest and fastest growing market for animal feed antioxidants. In terms of market share, Europe and North America held the second and third positions respectively in 2011.
Describing the competitive landscape, the report profiles some of the key players in the global animal feed antioxidants market such as Addcon Group GmbH, Evonik Industries, DSM, CHR.Hansen, AB Vista, BELDEM, Kemin Industries Inc., Novozymes, Alltech, BASF, ADISSEO, and Danisco. The report further provides insightful information about the key players including their business strategies, financial overview, product segmentation, and recent developments. Through SWOT analysis, the report analyzes the growth exhibited by the market players during the forecast horizon.
Global animal feed antioxidants market has been segmented as:
By Product Type
- Natural
- Synthetic
By Livestock Type
- Pork/Swine
- Poultry
- Cattle
- Aquaculture
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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