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DUBLIN--(BUSINESS WIRE)--Oct 10, 2022--
The "Feed Antioxidants Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The feed antioxidants market is projected to register a CAGR of 5.1% during the forecast period (2022-2027).
Companies Mentioned
Key Market Trends
Growing Demand for Poultry Meat
The growth in the antioxidants market is primarily because of the demand for animal meat, including poultry meat. Increased global poultry meat consumption and the rising health concerns in livestock led to higher consumption of antioxidants.
According to the Food and Agriculture Organization, the consumption of poultry meat showed a consistent growth from 2017 to 2020. Animal meat consumption witnessed the highest of 131.2 million metric ton compared to 120.7 million metric ton in 2020. Antioxidants are essential for poultry health. Broiler chickens are frequently exposed to several stressors, including transportation, malnutrition, diseases, and overcrowding in farm factories.
These stressors increase the production of reactive oxygen species (ROS), which may adversely affect growth performance, decrease the immune response, increase lipid peroxidation, and lower meat quality. The antioxidant balance can be adversely modulated by sub-optimal diets and nutrient intakes or positively affected by dietary supplementation.
Antioxidants such as ethoxyquin, BHA (butylated hydroxyanisole), and BHT (butylated hydroxytoluene) are commonly used as effective technical additives in poultry diets to increase the stability of feed. The demand for antioxidants is expected to increase in the poultry segment due to the increasing demand for poultry meat.
Asia-Pacific dominates the Global Market
Asia-Pacific is the largest market for feed antioxidants, followed by North America and Europe. In Asia-Pacific, China is the largest market, followed by India. The increased production and consumption of animal and poultry meat are attributed to the market's growth in these countries.
In China, poultry meat production increased to 15.1 million metric ton in 2020 from 14.7 million metric ton in 2019. Poultry feed takes up a significant share of antioxidants, followed by dairy and beef feed antioxidants. Leading players in the market focus on the R&D of antioxidants to capitalize on the growth trend. The market's growth is driven by the increasing disposable incomes and meat consumption.
According to OECD, meat consumption in India increased by 16% from 2017 to 2021, reaching 4.1 thousand metric ton in 2021. The rising cost of feed worldwide is the key factor driving up demand for feed antioxidants to prevent spoiling and extend the shelf life.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Type
5.1.1 BHA
5.1.2 BHT
5.1.3 Ethoxyquin
5.1.4 Other Types
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
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/sizul3
View source version on businesswire.com:https://www.businesswire.com/news/home/20221010005689/en/
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INDUSTRY KEYWORD: FOOD/BEVERAGE AGRICULTURE NATURAL RESOURCES RETAIL OTHER NATURAL RESOURCES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/10/2022 01:07 PM/DISC: 10/10/2022 01:07 PM
http://www.businesswire.com/news/home/20221010005689/en