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(MoneyNewsWire.Net, May 18, 2018 ) The North America Feed Antioxidants Market was worth USD 56.78 million in 2016 and estimated to be growing at a CAGR of 6.51%, to reach USD 77.84 million by 2021. The North America Feed Antioxidants Market has continued to build momentum as a result of Antioxidants’ essential contribution to all kinds of animal feeds and is therefore expected to show a steady growth in coming years, resulting in agriculture based companies to take interest in the market.
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Feed Antioxidants are chemical substances used in animal feeds to increase their shelf life by preventing unnecessary oxidation in animal guts and finished feeds. Antioxidants also assist in preventing nutritional supplements in the feed from deteriorating, which includes vitamins, pigments and fats.
Rising awareness among farmers about benefits of Antioxidants related to Animal health has led the market to show evident growth recently. Other key factors driving the North America Feed Antioxidants Market include reduced wastage due to oxidation, increasing feed prices, the livestock disease outbreak fuelling additives market and industrialization of livestock industry. These factors have been playing a key role in the growth of the market recently. Besides these factors, the North America Feed Antioxidants Market also faces some challenges and restraints which include stringent government regulations, competition for raw materials with other industries and price volatility of Agri-commodities.
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The North America Feed Antioxidants Market is segmented on the basis of Livestock and Antioxidant types. By livestock, the market size is segmented into cattle, swine, aquaculture, poultry and other livestock. Of all the livestock, poultry accounts for the highest share in the North America Feed Antioxidants Market due to the adoption of intensive farming system for it more than in any other segment. Further, taking Antioxidant type into account the market is segmented into BHA Antioxidants, Ethoxyquin Antioxidants, BHT Antioxidants and other Synthetic Feed Antioxidants. The North America Feed Antioxidants market is dominated by ethoxyquin because of its efficacy, closely followed by BHT and BHA. On the basis of geography, the North America Feed Antioxidants is segmented under two countries namely United States and Canada.
Some of the major companies leading the North America Feed Antioxidants market include Adisseo France SAS, Perstorp, AllTech, Kemin Europa, Archer Daniels Midland Cargill Inc, Company, Danisco, Nutreco N.V., DSM, Novus International.
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