The global animal feed antioxidants market size was valued at USD 183.4 million in 2014. Rising meat consumption as a result of increasing awareness toward protein diet is expected to promote the importance of good quality feed ingredients for livestock.
Antioxidants
are mainly used in animal feed industry for providing protection of essential
nutrients such as vitamins, fats, and pigments from deterioration. Furthermore,
these ingredients are capable of extending the storage period as well as the
durability of animal feed.
Increasing
number of reporting incidences of contagious diseases including foot-&-mouth
disease and avian flu among livestock is expected to have a substantial impact.
Furthermore, rising spending toward inclusion of cattle management technology
in the dairy farming sector of UK and Ireland is expected to expand the
application scope in the near future.
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Over
the past few years, the agriculture industry of developing countries including
China, Brazil, and India have been witnessing significant rise owing to
increasing expenditure on crop yielding technology. This favorable trend in agriculture
sectors is expected to ensure access to corn as well as oilseeds as raw
materials to manufacture natural ingredients for the animal feed industry.
Livestock insights:
Poultry
was the largest market, accounting for 34.3% of global share in 2015. Rising
demand for frozen chicken as a result of increasing importance of convenience
food is expected to increase the consumption of antioxidants among livestock
over the forecast period.
Over
the past few years, the governments of South Africa and Nigeria have been
initiating various policies aimed for the improvement of poultry farming on a
domestic level. The above mentioned favorable policy toward the development of
poultry farming on a national level is expected to open to increase new
applications over the projected period.
The
market demand for cattle was 16.0-kilo tons in 2015 and is expected to witness
significant gains as a result of increasing outbreaks of diseases including
Bovine spongiform encephalopathy (BSE). Furthermore, animal feed antioxidants
demand in aquaculture was USD 16.9 million in 2015.
Product insights:
Synthetic
products forms held a market volume of over 50% in 2015. They are used on
account of excellent stability as well as enhanced shelf life as compared to
natural counterparts. Furthermore, low prices of synthetic ones as a result of
their high market visibility as a product is expected to have a positive
impact.
Natural
antioxidants are expected to foresee volume growth over 4% as a result of
stringent regulations aimed at limiting the scope of synthetic counterparts for
reducing greenhouse gas emissions. However, the predominant consumption of the
oilseeds in direct food consumption is expected to decrease the availability of
feedstock to the feed ingredients processors.
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Asia
Pacific was the largest market, accounting for 51.5% of global industry share
in 2016. The firm foothold of the farming base of cattle, pork and poultry
species in China, India, Australia and New Zealand is expected to have a
positive impact on the market. However, low adoption rates of antioxidants in
unorganized cattle farming sector of developing countries including China and
India is projected to hamper the industry growth.
North
America market was valued at USD 46.6 million in 2015. The increasing
importance of anti-oxidation property for ensuring the durability and
high-shelf life for the finished goods in meat processing sector of the U.S. is
expected to play a vital role in expanding the market reach in the near future.
Rising
disposable income and urban population growth in Middle East countries are
projected to increase the demand for derived animal products including meat and
dairy derivatives. As a result, livestock vendors are expected to establish new
farming units on a domestic level and thus likely to increase the usage of feed
ingredients over the forecast period.
Competitive Insights:
Key
vendors include DSM Nutritional Product LLC, Adisseo, DuPont, ADM, Novozymes,
BASF, Zhejiang Medicine Co. Ltd., Kemin Industries and AB Vista. Product
innovation and the establishment of strategic partnerships with ingredient
suppliers are expected to remain key critical success factors for industry
participants during the forecast period.
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