The global market for natural and synthetic animal feed antioxidants is showcasing a highly competitive business structure, finds a new research study Transparency Market Research (TMR). The key players in this market are ADM, DSM, BASF SE, and Danisco. These companies are expanding their regional reach to strengthen their position in the global market. Going forward, vendors of natural and synthetic animal feed antioxidants products are expected to involve into mergers, acquisitions, and strategic partnerships to gain a competitive edge in the years to come, states the research report.
According to the research report, the global natural and synthetic animal feed antioxidants market was worth US$162.4 mn in 2011. Expanding at a CAGR of 4.20% during the period from 2012 to 2018, the market is projected to reach US$216.8 mn the end of the forecast period. Natural and synthetic animal feed antioxidants are witnessing a significant rise in their demand. Among the two, the demand for natural antioxidants is expected to increase substantially over the next few years, states the research report.
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Asia Pacific to Continue on Top
In terms of the geography, the global market for natural and synthetic animal feed antioxidants has been segmented into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe in this research study. Among these, the Asia Pacific market has acquired the dominance, owing to the presence of a humid climate in this region, which makes the feed more susceptible to oxidation. This regional market is anticipated to remain on the top over the next few years. The Middle East and Africa is also expected to witness a significant rise in the years to come, states the research report.
Rise in Mea Consumption to Boost Market
“The global market for natural and synthetic animal feed antioxidants is set to witness exponential growth in the years to come, thanks to the significant increase in consumption of meat and various disease outbreaks across the world”, says an analyst at TMR. The market is also expected to gain from the rising disposable income of people, influencing their living standard, over the next few years. However stringent government rules and regulation and the difficulties working with natural antioxidants may hamper the growth of this market in the near future, reports the research study.
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