Increasing importance of animal protein over plant-based counterparts is expected to play a crucial role in driving market growth. The Global Animal Feed Antioxidants Market is expected to reach USD 256.9 Million by 2022, according to a new report by Grand View Research, Inc.
The government of China announced the “Guideline for Beef Industry Development Towards 2020” in September 2013, aimed at increasing domestic beef production capacity from 6.3 million tons in 2013 to 7.86 million tons by 2020. This move is expected to open new avenues for animal feed antioxidants market over the next seven years.
Natural antioxidants reported revenue of over USD 80 million in 2014. Rising importance of tocopherols as a source of vitamin E in countries of European Union, particularly Germany and UK, amid regulatory support for its inclusion in feed industry will have a significant impact on natural product forms in the near future.
Butylated Hydroxyanisole (BHA) was the majorly used synthetic antioxidant, accounting for over 13 kilo tons in 2014. It is used as a supplement in poultry on account of its property as a free radical scavenging agent.
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Animal feed antioxidants demand in aquaculture exceeded four kilo tons in 2014. Addition of antioxidants to feed helps in oxidizing fat in fish, which conserves vitamins and some nutritional content within the meat. Kemin Industries utilizes PARAdigmOX technology in formulation of its antioxidant product, Blue liquid, for aquaculture applications. The technology is based on ternary solvent system, which provides protection against oxidation in oil and interfaces of fish body.
Market Segmentation of Animal Feed Antioxidants Market:
The Global Animal Feed Antioxidants Market segmented on the basis of Livestock, Product, and Region.
By Product:
Natural
Synthetic
Ethoxyquin
Butylated Hydroxyanisole (BHA)
Butylated Hydroxytoluene (BHT)
By Livestock:
Swine
Poultry
Cattle
Aquaculture
By Region:
North America
Europe
Asia Pacific
RoW
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