North America Feed Antioxidants Market Size (2024 - 2029)

The North America Feed Antioxidants market is experiencing growth driven by the industrialization of the livestock industry and increased awareness among farmers about the benefits of antioxidants. This expansion is further supported by the growth of the animal meat market. The market size is influenced by the demand for feed additives that enhance animal nutrition, with feed mills as the primary end consumers. However, the scope of the market excludes supplements that farmers purchase directly for home-grown feed.

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Market Size of North America Feed Antioxidants Industry

Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.20 %

Major Players

North America Feed Antioxidants Market 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 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
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North America Feed Antioxidants Market Size Summary

The North America Feed Antioxidants market is experiencing growth driven by the industrialization of the livestock industry and increased awareness among farmers about the benefits of antioxidants. Feed antioxidants are crucial additives that enhance animal nutrition by preventing the oxidation of feed components, thereby maintaining their nutritional value. The market primarily serves feed mills that produce compound feed, excluding supplements purchased directly by farmers. The expansion of the animal meat market, coupled with rising meat consumption and health concerns in livestock, has led to a higher demand for antioxidants. Despite some uncertainties regarding their impact on antibody response, ongoing research aims to address these concerns, further supporting market growth.

Poultry feed dominates the feed additives market, with cattle and pork segments showing rapid growth. The cost-effectiveness of feed additives, such as enzymes and antioxidants, is a significant factor in poultry production, as they enhance digestibility and nutrient retention, reducing feed costs per bird. Major companies like Cargill, Koninklijke DSM N.V., and Kemin supply various antioxidants, including carotenoids and synthetic options, to the poultry industry. However, the high cost of vitamins poses challenges for animal feed producers in creating vitamin-rich feed. The market is consolidated, with major players like Cargill and Archer Daniels Midland Company holding significant shares, while smaller companies account for less than half of the market.

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North America Feed Antioxidants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 BHA

      2. 2.1.2 BHT

      3. 2.1.3 Ethoxyquin

      4. 2.1.4 Others

    2. 2.2 Animal Type

      1. 2.2.1 Ruminant

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Aquaculture

      5. 2.2.5 Other Animal Types

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest Of North America

North America Feed Antioxidants Market Size FAQs

The North America Feed Antioxidants Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)

Cargill Inc., Archer Daniels Midland Company, Kemin , Alltech and Novus International are the major companies operating in the North America Feed Antioxidants Market.

North America Feed Antioxidants Report Snapshots

North America Feed Antioxidants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)