Feed antioxidants are substances used in animal feeds to increase the shelf life of feed by preventing undesirable oxidation in finished feeds and the guts of animals. They are known to keep the nutritional and energy value of the feed intact and also prevent rancid oxidation of fats. The antioxidant market is one of the fastest growing additive markets globally because of their essential contribution to the feed for all kinds of livestock and is forecasted to steadily grow at a CAGR of about 5.24% during 2016-2021.
The growth in the antioxidant market is primarily because of increased global meat consumption and rise in health concerns in livestock. Also, the rise in the cost of feeds has been fuelling the animal feed antioxidants market. 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 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 have focused on research and development and manufacture of antioxidants to capitalise on the growth trend.
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