Speciality feed antioxidant Market: Market Outlook
The animals mainly use feed antioxidants. The antioxidant is the substance used to prevent free radicals and improve the shelf life of the cell. The free radicals are chemical compounds and take the electrons from the other cells, which consequence is harm the neighbour cell. The process of oxidation rapture the cell membrane, lipids, and DNA and serves the lethal disorder and DNA malfunction. Feed antioxidant provides the all-essential micronutrient and protects the feed from undesirable oxidation. Feed Antioxidant is available in two categories in the market such as Natural and Synthetic feed antioxidants. Some of the Natural antioxidants are corn, rapeseed, and a variety of oilseeds. The FDA approves the raw materials such as grains and soybean to match nutrient requirements. Natural feed antioxidant is slow in function in comparison to synthetic feed antioxidant. In the category of synthetic feed antioxidant, Ethoxyquin is widely used in the animal feed market. Ethoxyquin has not approved for direct consumption for human beings as a feed additive. It used to help the animals to prevent from again lipid peroxidation. Ethoxyquin is mainly used is Aquaculture, poultry, and other pet foods. Tert-butyl hydroquinone, propyl gallate, Butylated hydroxyanisole, and Butylated hydroxytoluene, are some other synthetic feed antioxidants used across the world.
Rising the demand of animal based protein rich product surge the demand of feed antioxidant in the global market.
These days feed antioxidant consumption is higher due to the increase in the demand for livestock products worldwide. Awareness of consumer regarding the animal-based protein-rich product, rising the health concern of pet animals in domestic and international market increased the demand for feed antioxidant in the global market. Dry feed antioxidants are more demand by the livestock farmers in comparison to any other form of the product. Dry form feed is low in cost and easily available in the market and gives a better result. Antioxidant feed demand is higher in the global market due to it helps us to prevent several diseases such as skin irritations, arteriosclerosis, cardiovascular diseases, oncogenes, neural disorders, and many other diseases. Opening of new restaurant and higher the consumption of ready to eat food increase the demand for animal feed in the global market. The key players invest in R&D, develop the new product, and enhance the nutritive quality of the product, which attracts the livestock farmers towards the feed antioxidant products in the global market.
Global Feed antioxidant market: Segmentation
On the basis of type, the global Feed antioxidant market has been segmented as
On the basis of form, the global Feed antioxidant market has been segmented as
On the basis of Animals, the global Feed antioxidant market has been segmented as
On the basis of Region, the global Feed antioxidant market has been segmented as
Global Feed antioxidant market: Key Players
Some of the key players of Feed antioxidant market are Cargill (US)Archer Daniels Midland Company, Koninklijke DSM N.V,BASF SE, Nutreco, Kemin, Adisseo, Perstorp, Alltech, Caldic, Novus International, Chemical Fine Sciences, Oxiris Chemical, VDH ChemTech, Zhejiang Medicine, BTSA,Co.,FoodSafe Technologies, Videka Company, Lallemand Animal Nutrition,Industrial Tecnica Pecuaria and others.
Opportunities for New Participants in Global Aqua feed Market
Change in consumer preference and awareness regarding the protein product increased the demand for livestock products, which driving the Feed antioxidant demand in the global market. Asia Pacific region is a leading player in the global market. India and China are the largest player in this sector growing economies and a larger share in the livestock industry increase the demand for feed antioxidants in the global market. North America and Europe are also in the next in the cue and boost the growth of feed antioxidant in worldwide.
COVID-19 Impact on Global Speciality Enzyme Market
The spread of COVID -19 is a brutal situation in the global market. Market crash and fall in the global economy are symptoms of recession in the global market. Not, only food and beverage but most of the industry has affected by this virus. Lack of transportation, partially close the international ports and fast-food chain outlets affect the livestock product worldwide that is driving the animal feed antioxidants market in the global market.