Dublin, Dec. 17, 2020 (GLOBE NEWSWIRE) -- The "Feed Antioxidants Market - Growth,Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global feed antioxidants market was valued at USD 240.20 million in 2018 and is expected to register a CAGR of 5.1% during the forecast period. In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 48.4% of the market.
The industrialization of the livestock industry, which is growing at a healthy rate, is the major driving force behind the growth of the feed antioxidant industry. Increased awareness among the farmers (especially in Asia-Pacific) about the benefits of antioxidants, is another factor augmenting the growth of the market studied. The market is also growing due to the expansion of the animal meat market.
Key Market Trends
Expansion of Animal Meat Market
The growth in the antioxidant market is primarily because of the expansion of the animal meat market. Increased global meat consumption and rise in health concerns in livestock have made the market to consume a higher quantity of antioxidants. According to the United States Department of Agriculture, the consumption of animal meat has shown a consistent growth from 2016. In 2018, animal meat consumption has witnessed highest of 266,359 thousand metric tons which was 258,513 thousand metric tons in 2015. The uncertainty surrounding that the antibody response is prevented by antioxidants is acting as a slight deterrent, but researchers are extending their attention to addressing the issue.
Asia-Pacific dominates the Global Market
Asia-Pacific is the largest market for feed antioxidants followed closely by both North America and Europe. Poultry feed takes up a significant share of the antioxidants, and the next big share is comprised of dairy and beef feed antioxidants. Leading players in the market have focused on research and development of antioxidants to capitalize on the growth trend.
Competitive Landscape
The feed antioxidant market is consolidated. In 2018, major players in the market accounted for half of the market. The global presence of companies and lack of local companies have made the major players have a lion share in the market. Small players share less than half of the total feed antioxidant market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Key Topics Covered:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers & Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry attractiveness- Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Type
5.1.1 BHA
5.1.2 BHT
5.1.3 Ethoxyquin
5.1.4 Others
5.2 Animal Type
5.2.1 Ruminant
5.2.2 Poultry
5.2.3 Swine
5.2.4 Aquaculture
5.2.5 Other Animal Types
5.3 Geography
5.4 North America
5.4.1 United States
5.4.2 Mexico
5.4.3 Canada
5.4.4 Rest of North America
5.5 Europe
5.5.1 Spain
5.5.2 United Kingdom
5.5.3 Germany
5.5.4 France
5.5.5 Russia
5.5.6 Italy
5.5.7 Rest of Europe
5.6 Asia-Pacific
5.6.1 China
5.6.2 India
5.6.3 Japan
5.6.4 Thailand
5.6.5 Australia
5.6.6 Rest of Asia-Pacific
5.7 South America
5.7.1 Brazil
5.7.2 Argentina
5.7.3 Rest of South America
5.8 Middle East & Africa
5.8.1 Saudi Arabia
5.8.2 United Arab Emirates
5.8.3 South Africa
5.8.4 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Adisseo France SAS
6.3.2 AllTech
6.3.3 Archer Daniels Midland Company
6.3.4 Cargill Inc
6.3.5 Danisco
6.3.6 DSM
6.3.7 Nutreco N.V.
6.3.8 Novus International
6.3.9 Kemin Europa.
6.3.10 Perstorp
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19
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