MarketAs stated in our extensive report which provides insights on type, natural, animal, and geography, the Global Feed Antioxidants Market accounted for USD 273.6 million in 2020.
Antioxidants prevent lipid peroxidation and oxidative rancidity in animal feed during the production, processing, storage, and limit damage to animal cells. Antioxidants are utilized as vitamin supplements in the pharmaceutical sector and support in conserving feed.
Improved focus on developing animal digestive process has changed the market for natural feed supplements, particularly antioxidants, vitamins, and minerals. Feed antioxidants support preserving the freshness, quality, and color of the animal feed. The increase in the use of antioxidants is originally prompted by the rising meat production worldwide. The increased business for livestock products enhancing awareness about animal well-being and feed quality is demanded which is augmenting the growth of the Animal Feed Antioxidants Market.
COVID-19 is an unusual global public health crisis that has affected almost every business thus, the long-term consequences are predicted to impact the industry growth during the forecast period. The constant research improves the analysis to defend the production during the COVID-19 period. The Global Feed Antioxidants Market has embraced new approaches and developing abilities to progress. Raised industrial animal and agriculture production has significantly contributed to the increase of animal feed supplements.
The increase in the Antioxidant Market is essential due to the growth of the animal meat market. Advanced global meat usage and the rise in well-being concerns in livestock thus made the market utilize a higher quantity of 160;
The Asia Pacific is expected to expand the market for the fastest growth during the forecast period. As per the records, an improvement in disposable incomes is facilitating the requirement for protein-rich products like meat and dairy are driving the market growth in the Asia Pacific 160;
Some of the prominent players of feed antioxidants market are BASF SE, Nutreco, Kemin, Adisseo, Perstorp, Alltech, Caldic, Novus International, Chemical Fine Sciences, Oxiris Chemical, VDH Chemicals, Zhejiang Medicine Co. Ltd., BTSA, Bertol Company, FoodSafe Technologies, Videka, Lallemand Animal Nutrition, and Industrial Tecnica Pecuária.