360-Degree Overview of the Natural and Synthetic Animal Feed Antioxidants Market

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.

Natural and Synthetic Animal Feed Antioxidants Market to Grow at 4.2% CAGR from 2012 to 2018

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)