A
robust growth in meat consumption globally has been noticed in the
last couple of years. The ongoing market trends have radically
benefitted the animal feed market, which has subsequently triggered
demand from the animal feed antioxidants market. Moreover, rising
concerns pertaining to animal health and feed safety have contributed
to the surge in demand for animal feed antioxidants in the global
market.
According
to recent surveys, the global
natural and synthetic animal feed anti-oxidants market, in terms
of volume, is projected to grow at a 3.6% CAGR between 2012 and 2018.
On the basis of market demand, the animal feed antioxidants market
was worth US$162.4 million in 2011, and if the trends showcased at
present continue, the market will reach US$216.8 million by 2018,
registering growth at a 4.2% CAGR in the next few years.
Antioxidants
are also referred to as “shelf-life extenders”. They are
molecules that slow down oxidation and become oxidized themselves at
a later stage to neutralize the deteriorating effect of free radicals
on fresh food. Animal feed antioxidants mainly prevent feed from
oxidizing, thereby enhancing its shelf-life and ensuring feed quality
and safety. There are two distinct types of feed antioxidants, namely
natural and synthetic animal feed antioxidants. These antioxidants
serve the purpose of protecting the other nutrients present in the
feed such as flavoring agents, pigments, vitamins, proteins, and
fats, yet again enabling feed security in animal.
Escalating
Demand for Livestock Products to Boost Antioxidants Demand
Driven
by a surge in demand for livestock products, such as meat, eggs, and
milk, the global animal feed antioxidant market is witnessing
flourishing market opportunities. The rise in demand for animal feed
antioxidants has subsequently paved the way for the expansion of
synthetic and natural animal feed markets. Incumbent market trends
indicate growing inclination among livestock producers on a global
front, to focus on increasing the use of antioxidants to reduce
nutrient loss and prevent deterioration of feed quality owing to
oxidation.
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Asia
Pacific to Remain Undisputed Market Leader
In
2011, Asia Pacific alone accounted for over 50% of the total
antioxidant market, followed by North America and Europe. As per
recent surveys, bolstered demand for livestock products, particularly
in the leading economies of the region, will help Asia Pacific remain
at the helm of the global animal feedstock antioxidants market. The
region is projected to register the fastest growth in terms of both
volume and revenue. Global dominance of Asia Pacific will also be
driven by the high volume of feed wastage by oxidation that is caused
by the tropical and humid climate of the region, which facilitates
oxidation. Therefore, it is noted that Asian consumers are constantly
seeking better and newer animal feed antioxidants with a longer shelf
life.
Driven
by Health Awareness, Natural Antioxidants to Emerge as Market Leader
A
paradigm shift in consumer preference has been observed in the global
market for animal feed antioxidants. Owing to heightened health
concerns and growing awareness pertaining to harmful effects often
associated with synthetic additives, the demand for natural
antioxidants is significantly increasing in the global market. Driven
by the rising demand to replace artificial and synthetic antioxidants
by healthier and cleaner alternatives, the global market for natural
animal feed antioxidants is witnessing steady growth despite higher
costs and other limitations associated with it. Reports suggest the
natural animal feed antioxidant market is expected to exhibit growth
at a 4.0% CAGR between 2012 and 2018. The market for synthetic animal
feed antioxidant however, will register growth at a slightly lower
3.2% CAGR over the same period.
Companies
such as ADM, Danisco, SE, and BASF are the major players in the
global market for natural and synthetic animal feed antioxidants.
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