APAC Feed Antioxidants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Feed Antioxidants Market Analysis
The Asia Pacific Feed Antioxidants market is projected to register a CAGR of 5.2%, during the forecast period(2020-2025). 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 industrialization of the livestock industry, which is growing at a healthy rate in the Asia Pasific region, is the major driving force behind the growth of the feed antioxidant industry. Increased awareness among the farmers (especially in Asia-Pacific) about the benefits of antioxidants, is another factor augmenting the growth of the market studied. The market is also growing due to the expansion of the animal meat market.
APAC Feed Antioxidants Market Trends
This section covers the major market trends shaping the APAC Feed Antioxidants Market according to our research experts:
Increase in Animal Farming Drives the Market
Animal farming is becoming very popular as the demand is rising to full fill the dietary requirements of the growing population. Animal farming includes cattle, swine, poultry, birds, etc for milk, meat and eggs. The rise in the number of animals stimulates the demand for feed antioxidants positively. The number of cattle in Asia in 2018 is 454 million, which is 6 million more than the previous year. Such a drastic increase in farm animals which requires huge amounts of compound feed for their growth rises the demand for feed antioxidants.
China Dominates the Market
China is one of the largest producer and consumer of feed antioxidants in the world.Demand for meet from the increasing population is the key market driver in China. 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 in China have focused on research and development of antioxidants to capitalize on the growth trend. Two main types of feed antioxidants are used in China, ethoxyquin and compound antioxidants. The lingering effects of United States-China trade war could possibly offset the plummeting trend of commercial feed additives prices in the country, particularly owing to the shortage in the supply of feed raw material. However, the growing animal meat demand is the region is likely to keep the market trend positive during the forecast period.
APAC Feed Antioxidants Industry Overview
The feed antioxidants market is highly concentrated, with the top ten companies accounting for more than 50% of the market share. The leading players in the market studied are focused on business expansion. They are targeting countries in South America for business expansion, by either investing in new production units or acquiring established small players in the region. Cargill Inc. , Alltech,and Novus are some of the major players in the country.
APAC Feed Antioxidants Market Leaders
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Adisseo
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AllTech
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Archer Daniels Midland Company
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Cargill Inc
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Novus International
*Disclaimer: Major Players sorted in no particular order
APAC Feed Antioxidants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Industry attractiveness- Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 BHA
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5.1.2 BHT
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5.1.3 Ethoxyquin
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5.1.4 Others
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5.2 Animal Type
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5.2.1 Ruminant
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Aquaculture
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5.2.5 Other Animal Types
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5.3 Geography
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5.3.1 China
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5.3.2 India
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5.3.3 Japan
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5.3.4 Australia
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5.3.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Adisseo France SAS
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6.3.2 AllTech
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6.3.3 Archer Daniels Midland Company
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6.3.4 Cargill Inc
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6.3.5 Danisco
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6.3.6 DSM
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6.3.7 Nutreco N.V.
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6.3.8 Novus International
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6.3.9 Kemin Europa.
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6.3.10 Perstorp
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
APAC Feed Antioxidants Industry Segmentation
With the industrialization of the sector, the use of feed aantioxidants has been increasing over the years. The Asia-Pacific feed Antioxidants market report is segmented by type into BHA, BHT, ethoxyquin and others, by animal type into Ruminant, Poultry, Swine, Aquaculture, Pet Food, Horses and by geography into the major countries of the region.
| Type | |
| BHA | |
| BHT | |
| Ethoxyquin | |
| Others |
| Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| China | |
| India | |
| Japan | |
| Australia | |
| Rest of Asia-Pacific |
APAC Feed Antioxidants Market Research FAQs
What is the current Asia-Pacific Feed Antioxidants Market size?
The Asia-Pacific Feed Antioxidants Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Feed Antioxidants Market?
Adisseo , AllTech, Archer Daniels Midland Company, Cargill Inc and Novus International are the major companies operating in the Asia-Pacific Feed Antioxidants Market.
What years does this Asia-Pacific Feed Antioxidants Market cover?
The report covers the Asia-Pacific Feed Antioxidants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Feed Antioxidants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Feed Antioxidants Industry Report
Statistics for the 2024 Asia-Pacific Feed Antioxidants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia-Pacific Feed Antioxidants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
