The Global Feed Antioxidants Market was worth USD 218.4 million in 2016 and estimated to be growing at a CAGR of 5.3%, to reach USD 282.16 million by 2021.
Hyderabad, India -- (SBWIRE) -- 03/01/2018 -- The report " Feed Antioxidants Market by Livestock (Swine, Poultry, Cattle, Aquaculture and other livestock types), by Type (BHA Antioxidants, BHT Antioxidants, Ethoxyquin Antioxidants and other Synthetic Feed Antioxidants), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The Feed Antioxidants market is expected to reach USD 282.16 Billion by 2021 from an estimated USD 218.4 Billion in 2016, at a CAGR of 5.3%. The variant factors such as efforts to reduce wastage by oxidation, increasing feed prices, and livestock industrialization are inducing the growth the growth in this market.
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By livestock, the highest share of the market in 2016 is contributed by poultry segment
On the basis of livestock, the Feed Antioxidants market has been segmented into Swine, Aquaculture, Cattle, Poultry and other livestock types. In 2016, the poultry segment is responsible for for the biggest share of the global Feed Antioxidants market due to intensive farming system and rising adoption of hat process especially for that segment in the market.
By type, the ethoxyquin segment accounted for the largest share of the market in 2016
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The Feed Antioxidants market has been segmented into BHA Antioxidants, BHT Antioxidants, Ethoxyquin Antioxidants and other Synthetic Feed Antioxidants depending on type. In 2016, the ethoxyquin is responsible for the biggest share of the global Feed Antioxidants market followed by BHT & BHA. The growth in ethoxyquin segment is mainly driven because of its efficacy.
Asia - Pacific dominated the market in 2016
The largest share of the Feed Antioxidants market in 2016 is contributed by Asia – Pacific, followed by North America. About 35% of the global share in 2016 is commanded by Asia - Pacific, led by China & India. North America is expected a higher growth rate due to rapid industrialization.
The various players in the Feed Antioxidants market include Adisseo France SAS, Archer Daniels Midland Company, AllTech, Cargill Inc, Nutreco N.V., Danisco, DSM, Kemin Europa, Novus International, Perstorp.
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