The animal feed antioxidants market is estimated to be around USD 323.61 Million in 2023 and is anticipated to grow to USD 1056.48 Million by 2033, with a CAGR of 12.56% from 2023 to 2033.
It is anticipated that revenue may increase at a consistent CAGR throughout the forecast period due to the sizeable animal feed antioxidants market used in animal feed. Animal feed antioxidants' market revenue development is most likely to be influenced by the three key variables mentioned earlier: improved feed production methods, increased demand for animal feed antioxidants, and rising meat product homogeneity.
Concern over animal health and feed safety is one of the main factors boosting demand for animal feed antioxidants. Lack of nutrients in oxidized meals affects animal performance and may result in a number of health issues. Antioxidants may extend the feed's shelf life while preserving its nutritious quality.
| Attributes | Details |
|---|---|
| Animal Feed Antioxidants Market CAGR (2023 to 2033) | 12.56% |
| Animal Feed Antioxidants Market Size (2023) | USD 323.61 Million |
| Animal Feed Antioxidants Market Size (2033) | USD 1056.48 Million |
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As people's purchasing power and sense of health increase, they are requesting more foods that are high in protein and nutrients. The consumption of dairy and meat is drastically decreasing worldwide. This accelerates the growth of the animal feed antioxidants market as a whole.
Meat consumption is also increasing yearly, in addition to dairy products. All of the aforementioned factors are anticipated to soon influence the animal feed antioxidants market in question.
The prevalence of spine flu and pathogenic avian influenza has grown slightly. These viruses have undergone a minor mutation. Some believe that after a mutation, there is a probability for the animal to human transmission. This boosts the animal feed antioxidants market growth on the whole.
Farm owners are utilizing a variety of feed additives to counteract such hazards and to protect animal health at first. The rising industrialization and technological advancements are increasing people's discretionary income. As a result, people are making more rational and healthy decisions, which surges the animal feed antioxidants market adoption trends.
Barriers to the Market Growth
The growth of the animal feed antioxidants market globally is severely constrained by a number of negative factors. The existence of strict government regulations governing the production of antioxidant feeds is one of the main factors anticipated to slow the market growth of animal feed antioxidants.
The deepening of vegan tendencies and the growing vegan population are two important factors that are projected to restrain the growth of the animal feed antioxidants market.
Principal Consultant
The growth of the animal feed antioxidants market is being driven by rising concerns about animal health and feed safety. Businesses are developing antioxidants to assist boost the nutritional value and shelf life of feeds.
It speeds up the economic boom of the market for animal feed antioxidants as a whole. Increased demand for dairy products is also expected to create profitable prospects for industry participants.
Synthetic antioxidants led the industry in terms of goods, accounting for more than 51% of the global market. These goods are frequently used to protect finished goods or raw materials by providing product stability and longer shelf life.
The number of antioxidants and their inexpensive price are other factors that greatly contribute to the market's growth. Due to the growing need to replace synthetic antioxidants, the market for natural antioxidants is expanding.
Natural animal feed antioxidants are anticipated to grow significantly between 2015 and 2022, with a CAGR of over 4%. Over the forecast period, it is anticipated that the importance of natural products may increase due to regulatory trends toward limiting the use of synthetic chemicals in feed due to growing concerns over their hazardous effects.
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Based on the form type, it is estimated that the dry category may continue to represent a steady revenue share during the projected period. Farmers who raise cattle are very interested in dry feed antioxidants since they are simple to handle, store, and include in the feed.
Due to the rising demand from multiple end-use applications, the majority of feed antioxidant producers on the market offer feed in dry forms such as powders, pellets, and granules.
Poultry made up the majority of the global market, and this trend is anticipated to remain throughout the projection period. Due to religious approval, there is expected to be a rise in the consumption of chicken over other meats from swine and cattle species. This may improve livestock penetration and boost market growth.
African governments, especially those in Nigeria and South Africa, have declared the adoption of a business strategy to support domestic chicken production. Therefore, it is anticipated that government involvement may result in greater market penetration.
It is anticipated that there would be an increase in demand for antioxidants in animal feed for cattle due to increased concerns over disease outbreaks like BSE in bovine species. The poultry and cattle dairy industries are expected to grow the fastest. This increase in demand for high-protein meals is attributable to greater consumer health awareness.
Asia Pacific is expected to offer attractive growth opportunities. This rise is due to the rising economies of developing countries, which have increased people's disposable income and, as a result, their need for nutritious food.
One of the reasons this market is growing is that there is a rising demand for dairy products and meat due to the enormous population density on the Asian continent. The majority of meat eaters are concentrated in China. Most Asian people consume pork, shellfish, and poultry including chicken and turkey.
Seafood, such as tuna, salmon, and shrimp, can be found in almost every home in Japan, and Indonesia. Meat producers are using cutting-edge methods that use feed antioxidants to ensure the quality of the meat and stop the spread of disease in order to meet this enormous demand.
Over the projected period, North America is anticipated to continue to be one of the top markets.
High demand for these chemicals is anticipated as a result of the USA's strong meat manufacturing base, which mostly consists of JBF, Tyson, Cargill, and National Beef. Rising red meat consumption in Mexico is anticipated to have a positive effect due to the expansion of stores that deliver frozen meals.
The solid hog meat manufacturing base in European countries such as Germany, France, and Russia is predicted to improve livestock availability. As a result, industry growth during the next seven years.
Insect farming is one of the company's activities. Insect larvae are used to transform inexpensive agri-food feedstock into aquaculture feed items. The business raises fly insects called Hermetia illucens in their facility.
Today, a company that is a pioneer in producing insects (Hermetia illucens) for animal and plant nutrition revealed that it has secured USD 250 Million in Series D funding. ADM, Cargill, Future French Champions, ABC Impact, IDIA Capital Investissement, and Grow Forward are among the new strategic and financial investors in the round led by the Qatar Investment Authority (QIA), which also includes existing investors Creadev and Temasek. Both companies have strategic partnerships with Innovafeed.
In order to produce a proton, it uses a method that uses CO2 from industrial emissions. Its biological carbon recycling system, which turns carbon dioxide into high-value goods, assists businesses in lowering their carbon footprints without adversely affecting operational expenses.
The United Kingdom government's Department for Business, Energy & Industrial Strategy's £4.8 Million Net Zero Innovation Portfolio has granted funding to Deep Branch.
As the company commercializes its CO2-to-protein technology platform, the cash may be utilized to fund the Deep Blue C project, fostering faster company growth.
Players in the animal feed antioxidants market primarily employ product launches, mergers and acquisitions, joint ventures, and geographic expansions.
Manufacturers of the animal feed antioxidants market should increase their investment in the development of natural antioxidants like tocopherols as consumer preference shifts away from synthetic chemicals and toward bio-based alternatives due to fluctuating petrochemical feedstock prices.
Recent Development:
| Date | November 2021 |
|---|---|
| Plan | Purchase |
| Company | Synergia Life Sciences |
| Details | The Danish biotechnology business Novozymes may buy the Indian pharmaceutical company Synergia Life Sciences in November 2021. Synergia is well-known for producing probiotics and natural Vitamin K2-7. Novozymes completes the transaction with a USD 150 Million payment. Novozymes' functional food division may benefit from the acquisition. |
| Date | August 2021 |
|---|---|
| Plan | Acquisition |
| Company | Sanderson farms |
| Details | Two food firms agreed to buy the USA-based company Sanderson farms in August 2021. The first is Cargill, Inc. of Minnesota, while the second is Continental Grain Company of Belgium. In order to consummate the acquisition, both companies agreed to pay Sanderson a total of USD 4.53 Billion, or USD 203 per share. |
| Date | November 2020 |
|---|---|
| Plan | Acquisition |
| Company | FRAmelco Group |
| Details | The successful acquisition of the feed additive company FRAmelco Group from the Netherlands was announced by China-based Bluestar Adisseo, also known as Adisseo, in November 2020. Adisseo made the acquisition primarily to fuel its ambition to control the animal additives market. The business operates three facilities, one each in Thailand, Spain, and the Netherlands. The company also brings in close to 30 Million pounds annually. |
The animal feed antioxidants market is predicted to grow at a CAGR of 12.56% through 2033.
Asia Pacific's animal feed antioxidants market holds the highest revenue potential.
The animal feed antioxidants market size is anticipated to be over USD 323.61 Million in 2023.
The animal feed antioxidants market is expected to surpass USD 1056.48 Million by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Natural Antioxidants 5.2. Synthetic Antioxidants 5.2.1. Ethoxyquin 5.2.2. Butylated Hydroxyanisole - BHA 5.2.3. Butylated Hydroxytoluene - BHT 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Livestock 6.1. Swine 6.2. Poultry 6.3. Cattle 6.4. Aquaculture 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa (MEA) 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. BASF 15.2. ADM 15.3. DuPont 15.4. DSM Nutritional Product, LLC 15.5. Cargill Inc. 15.6. Zhejiang Medicine Co., Ltd. 15.7. Adisseo 15.8. Novozymes 15.9. Alltech 15.10. Beldem 15.11. Kemin Industries, Inc. 15.12. AB Vista 16. Assumptions & Acronyms Used 17. Research Methodology
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Animal Feed Antioxidants Market
