Animal feed antioxidants market is projected to grow at a CAGR of 3.78% to reach US$530.579 million by 2024, from US$424.647 million in 2018. The growing global population and rising urbanization are boosting the demand for higher-quality ingredients for animal feed. Growing global meat consumption owing to the rapid shift towards a protein-rich diet is escalating the growth of the animal feed antioxidants market. Rising cases of epidemic outbreaks are also pressurizing feed manufacturers to add antioxidants, thus positively impacting the growth of the animal feed antioxidants market. Growing concerns regarding the use of synthetic chemicals in the feed are increasing the investment in R&D to develop natural ingredients which will continue to bolster the growth of the animal feed antioxidants market during the projected period. This research study examines the current market trends related to demand, supply, and sales, in addition to recent developments.
Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Animal Feed Antioxidants value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the Animal Feed Antioxidants market.
Major industry players profiled as part of the report are BASF, DuPont, Cargill, Incorporated, VRMLAB, and Kemin Industries, Inc. among others.
|Market size value in 2018||US$424.647 million|
|Market size value in 2024||US$530.579 million|
|Growth Rate||CAGR of 3.78% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Livestock, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||BASF, DuPont, Cargill, Incorporated, VRMLAB, Kemin Industries, Inc., BTSA, Eastman Chemical Company, Alltech, Adisseo, Redox Pty Ltd|
|Customization scope||Free report customization with purchase|
The Animal Feed Antioxidants market has been analyzed through the following segments:
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the animal feed antioxidants market size by 2024?
A1. Animal Feed Antioxidants Market is projected to reach a market size of US$530.579 million by 2024.
Q2. What is the size of the global animal feed antioxidants market?
A2. The global animal feed antioxidants market was valued at US$424.647 million in 2018.
Q3. What are the growth prospects for the animal feed antioxidants market?
A3. The animal feed antioxidants market is projected to grow at a CAGR of 3.78% during the forecast period.
Q4. What factors are anticipated to drive the animal feed antioxidants market growth?
A4. Growing global meat consumption owing to a rapid shift towards a protein-rich diet is escalating the growth of the animal feed antioxidants market.
Q5. Who are the major players in the animal feed antioxidants market?
A5. Major industry players profiled as part of the report are BASF, DuPont, Cargill, Incorporated, VRMLAB, and Kemin Industries, Inc. among others.
Kemin Industries, Inc.
Eastman Chemical Company
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