North America Feed Antioxidants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Feed Antioxidants Market Analysis
The North America Feed Antioxidants market is estimated to grow at a CAGR of 4.2% during the forecast period 2020-2025. Feed additives are products that enhance animal nutrition and are added to animal feed, to provide complete nutrition to farm animals. The end consumers of feed additives are feed mills that manufacture compound feed. The market scope excludes supplements directly purchased by farmers to add to the nutritional qualities of home-grown feed. The industrialization of the livestock industry, which is growing at a healthy rate, is the major driving force behind the growth of the feed antioxidant industry. Increased awareness among the farmers 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.
North America Feed Antioxidants Market Trends
This section covers the major market trends shaping the North America Feed Antioxidants Market according to our research experts:
Expansion Of Animal Meat Market
The growth in the antioxidant market is primarily because of the expansion of the animal meat market. Increased meat consumption and a rise in health concerns in livestock have made the market consume a higher quantity of antioxidants. According to the United States Department of Agriculture, the consumption of animal meat has shown a consistent growth from 2016. In 2018, animal meat consumption witnessed the highest of 266,359 thousand metric tons which were 258,513 thousand metric tons in 2015. The uncertainty like the antioxidants prevents the antibody response is acting as a slight deterrent, but researchers are extending their attention to addressing the issue.
Poultry Segment In The Animal Type is Dominating The Market
Poultry feed takes up the largest share in the additives market, and cattle and pork are the fastest-growing segments. One of the major factors for feed-in poultry is the cost and hence reducing feed costs per bird is a priority. Poultry production must be effective as feed has to be transformed into meat and eggs. Feed costs can be decreased by adding feed additives such as enzymes and antioxidants, which enhance digestibility and halt the loss of nutrients, with the effect that the poultry gains more nutritional value from the same amount of feed. Companies such as Cargill, Koninklijke DSM N.V., and Kemin provide feed antioxidants such as carotenoids, tocopherols, synthetic antioxidants, and citric acid, BHT, butylated hydroxyanisole (BHA), and tocopherol acetate for the poultry industry. According to a research study conducted by International Production & Processing Expo(IPPE) in Atlanta, inadequate amount of vitamins can result in deformities in animals' bodies, which, in turn, will lower the animal's productivity and life span, as well as making its physical appearance look weaker. Due to the relatively high costs of vitamins, animal feed producers are facing issues in producing vitamin-rich animal feed in the country.
North America Feed Antioxidants Industry Overview
The North America feed antioxidant market is consolidated. In 2019, major players in the market accounted for half of the market. The global presence of companies and lack of local companies have made the major players like Cargill, Danisco, Nutrico, AllTech, and so on to have a lion share in the market. Small players share less than half of the total feed antioxidant market.
North America Feed Antioxidants Market Leaders
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Cargill Inc.
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Archer Daniels Midland Company
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Kemin
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Alltech
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Novus International
*Disclaimer: Major Players sorted in no particular order
North America 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 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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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 United States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest Of North America
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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
North America Feed Antioxidants Industry Segmentation
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 North America Feed Antioxidant Market is segmented by Type (BHA, BHT, Ethoxyquin, and Others), By Animal Type (Ruminant, Poultry, Swine, Aquaculture, and others) in the countries such as United States, Canada, and Mexico.
| Type | |
| BHA | |
| BHT | |
| Ethoxyquin | |
| Others |
| Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest Of North America |
North America Feed Antioxidants Market Research FAQs
What is the current North America Feed Antioxidants Market size?
The North America Feed Antioxidants Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in North America Feed Antioxidants Market?
Cargill Inc., Archer Daniels Midland Company, Kemin , Alltech and Novus International are the major companies operating in the North America Feed Antioxidants Market.
What years does this North America Feed Antioxidants Market cover?
The report covers the North America Feed Antioxidants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Feed Antioxidants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Feed Antioxidants Industry Report
Statistics for the 2024 North America Feed Antioxidants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. North America 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.
