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Feed Antioxidant Market is segmented by Type into BHA, BHT, Ethoxyquin, and Others, by Animal Type into Ruminant, Poultry, Swine, Aquaculture, and others, by geography into Brazil, Argentina, and Rest of South America
2016 - 2026
The South America feed additive market is estimated to register a CAGR of 4.9% during the forecast period (2020 - 2025). Well developed animal production industry and demand for meat and dairy consumption are the prime drivers of the market whereas the unpopularity of antioxidant feed additives among the farmers in underdeveloped South American countries is the prime restrainer of the market. The market is highly competitive as only a few players exist in the market.
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. The South America Animal feed Antioxidants market report gives an in-detailed analysis of the market size, driving forces of the market, competitive landscape, and future opportunities. The market is segmented based on product type, animal type, and geography.
|By Animal Type|
|Rest of South America|
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The animal production industry in South American countries is largely driven by meat consumers. Demand for healthy meat has been continuously increasing in South America for the last few years. For example, The meat consumption demand was recorded as 2.39 million metric tons in 2017 increasing to 2.47 million metric tons in 2018. Therefore, a climbing meat consumption demand is anticipated to boost the feed antioxidants sales in the coming years.
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Brazil holds more than half of the feed antioxidants market share in South America. Well developed animal production industry with huge meat consumption demand determines the feed antioxidants market. The country has one of the largest cattle farming industry with 232 million heads of cattle in 2019. The meat consumption demand was recorded as 19.91 million metric tons in 2017 growing to 20.26 million metric tons in 2018. The increasing animal production industry coupled with the huge domestic consumption demand is anticipated to boost the feed antioxidants market in Brazil.
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The South America feed antioxidants market is highly consolidated with a few major players in the market. New product launches, mergers & acquisitions, and partnerships are the major strategies adopted by these leading companies in the market. These companies are also focusing on making an investment in innovations, collaborations, and expansions, in order to increase their market share.
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 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.2 By Animal Type
5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.2 Alltech Inc
6.3.3 ADM Animal Nutrition
6.3.4 Cargill Inc
6.3.5 Eurotec Nutrition
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19