Market Size of Asia-Pacific Feed Antioxidants Industry
| 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 |
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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 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 |
Asia-Pacific Feed Antioxidants Market Size Summary
The Asia-Pacific feed antioxidants market is experiencing significant growth, driven by the industrialization of the livestock industry and increased awareness among farmers about the benefits of antioxidants. Feed antioxidants play a crucial role in extending the shelf life of animal feeds by preventing undesirable oxidation, thereby maintaining the nutritional and energy value of the feed. This market expansion is further fueled by the rising demand for animal meat, as animal farming becomes increasingly popular to meet the dietary needs of the growing population. The surge in the number of farm animals, including cattle, swine, and poultry, necessitates substantial amounts of compound feed, thereby boosting the demand for feed antioxidants in the region.
China stands out as a major player in the feed antioxidants market, being one of the largest producers and consumers globally. The demand for meat, driven by the increasing population, is a key market driver in China, with poultry, dairy, and beef feeds taking significant shares of the antioxidants market. Despite potential challenges from the lingering effects of the United States-China trade war, the growing demand for animal meat is expected to sustain positive market trends. The market is highly concentrated, with leading companies like Cargill Inc., Alltech, and Novus International holding substantial market shares and focusing on business expansion, including targeting South America for new production units or acquisitions.
Asia-Pacific Feed Antioxidants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry attractiveness- Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 BHA
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2.1.2 BHT
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2.1.3 Ethoxyquin
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2.1.4 Others
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2.2 Animal Type
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2.2.1 Ruminant
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Other Animal Types
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 Australia
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2.3.5 Rest of Asia-Pacific
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Asia-Pacific Feed Antioxidants Market Size 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.
