세계의 사료용 방부제 시장 예측(2024-2029년)

The animal feed antioxidants market is anticipated to grow at a compound annual growth rate (CAGR) of 3.71% over the forecast period to reach US$614.943 million by 2029, increasing from estimated value of US$512.612 million in 2024.

The animal feed antioxidants market is driven by many variables such as high per capita utilization of meat for consumption purposes globally, driving to a continuous requirement for expanded animal feed antioxidants, particularly in the poultry, beef, and pork-producing sectors. Furthermore, consumers are becoming more inquisitive about the quality and safety of the animal items they consume, with antioxidants recognized for their potential to improve animal health, quality, and performance.

In addition, Within the USA, milk production per cow saw an increment from 24,087 pounds in 2022 to 24,117 pounds in 2023, ascribed to diverse variables including the utilization of more beneficial products for dairy animals.

Moreover, Royal DSM-Firmenich completed its procurement of Prodap, a prominent animal nutrition and innovation company in Brazil in June 2022, underscoring the continuous enhancements and investment in the animal nutrition industry.

Further, in June 2022, Kensing, LLC, announced the completion of its acquisition of Vitae Naturals. Vitae's products are distributed in over 40 countries across five continents to consumers within the nutrition and food, pharmaceutical, cosmetic, and animal feed segments. These combined factors, in conjunction with expanding mindfulness of the benefits of animal feed antioxidants, are expected to drive significant improvement in the market.

The animal feed antioxidants industry is expected to increase at a substantial pace. Market dynamics have been incredibly influenced by buyers changing lifestyles and expanding disposable incomes globally. Besides, a major variable impacting market expansion is the rising consumption of meat products among consumers. Animal consumption for protein is rising along with population growth, which will raise the need for animal feed antioxidants. Furthermore, throughout the projection period, the demand for animal feed is anticipated to be impacted by environmental regulatory initiatives about feed safety, quality, and appropriate labeling.

MARKET DRIVERS:

• The rising meat consumption is anticipated to boost the animal feed antioxidants market expansion.

Global meat production is expected to grow, driven by anticipated increases in imports from Asia, Central America, the Caribbean, and Europe. Meat consumption is closely linked to higher economic incomes, with OECD countries projected will experience a consistent rise in beef and veal consumption per capita from 2024 to 2029, reaching 14.250 kilograms per capita in 2024, 14.274 in 2025, 14.325 in 2026, and 14.360 in 2027.

Unlike other commodities, meat production is characterized by substantial production costs and high output prices. The demand for meat is fueled by rising incomes and shifts towards expanded protein consumption from animal sources due to urbanization-related changes in dietary inclinations. Thus, there will be an increasing market for antioxidants in animal feed to meet the requirements for meat production.

• A rise in demand for poultry meat is anticipated to propel the market expansion.

The demand for poultry meat is increasing due to affordability and health benefits. The rise in organic poultry products presents opportunities for producers to expand animal feed production. Rapid urbanization with the increasing consumption of poultry meat drives the economic expansion of the market.

Moreover, the requirement for food supplements as well as organic eating is changing, resulting in growth in the utilization of feed additives such as prebiotics, enzymes, and probiotics. Furthermore, environmental concerns about traditional feeding methods are driving the market towards a more sustainable approach.

Increasing disposable income is encouraging consumers to spend on dietary aspects as well as poultry meat which will lead to an increase in animal feed antioxidants in the coming years. As per OECD data, household disposable income per capita percentage change quarterly from the previous year i.e. 2022 to the year 2023 is 0.49% in the United States, 0.53% in Germany, 0.92% in the United Kingdom, and 1.19% in Canada.

Consequently, the animal feed antioxidants market's expansion in the upcoming years will be further driven by consumers' increasing consumption of poultry meat.

MARKET RESTRAINTS:

• The high cost of natural antioxidants in animal feed is expected to hinder the animal feed antioxidants market growth.

The high cost of natural antioxidants in the animal feed industry prevents their broad adoption. They are frequently more costly than synthetic choices, leading to higher- production costs for feed producers. This competition makes manufacturers reluctant to retain these additional costs, particularly when cheaper synthetic choices can accomplish comparable results. Furthermore, small and medium-scale manufacturers, working on tighter cost margins, discover natural antioxidants less practical, making them less available to this possibly useful feed additive. Additionally, the high cost of feed production due to costly natural antioxidants may lead to higher costs for animal products, causing price-sensitive buyers to look for cheaper choices, possibly influencing the overall demand for animal feed.

Key Market Developments:

• July 2023- Nuproxa Brasil introduced NuxaFen(R), a cost-effective antioxidant for animal nutrition. Derived from dried grape extract, NuxaFen(R) is rich in high-quality polyphenols, including proanthocyanidins, and provides superior antioxidant capacity compared to synthetic vitamin E, offering significant benefits in poultry and swine production.

Key Players:

• BASF- BASF's Animal Nutrition business offers sustainable solutions for farmers, enhancing livestock, aquaculture, and companion animal feed quality. Its product beta-carotene positively impacts cattle fertility, immune system, and defense against infectious diseases, with antioxidant properties.
• Cargill Incorporated - Cargill Incorporated is a global supplier of animal nutrition products, offering high-quality feed production, efficient distribution, and comprehensive management solutions. They offer Proviox(TM), a blend of natural antioxidants for optimal performance during stressful conditions. Cargill's sustainability approach prioritizes three areas: climate, land and water, and people. The company's approach to advancing sustainable supply chains, creates shared value for consumers.
• Kemin Industries, Inc.- Kemin Industries Inc., is a global ingredient manufacturer, serving customers in over 120 countries. It focuses on providing ingredients for a growing population and ensuring quality, safety, and efficacy in food, feed, and health-related products. It's antioxidants extend the shelf life of animal feed, guaranteeing its nutritional value remains intact amid storage and transportation.

Market Segmentation:

The Animal Feed Antioxidants Market is segmented and analyzed as below:

By Type

• Natural
• Synthetic

By Livestock

• Poultry
• Swine
• Cattle
• Others

By Geography

• Americas
• USA
• Brazil
• Others
• Europe Middle East and Africa
• United Kingdom
• Germany
• France
• Others
• Asia Pacific
• China
• Japan
• India
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis
• 4.5. Analyst view

5. ANIMAL FEED ANTIOXIDANTS MARKET BY TYPE

• 5.1. Introduction
• 5.2. Natural
• 5.3. Synthetic

6. ANIMAL FEED ANTIOXIDANTS MARKET BY LIVESTOCK

• 6.1. Introduction
• 6.2. Poultry
• 6.3. Swine
• 6.4. Cattle
• 6.5. Others

7. ANIMAL FEED ANTIOXIDANTS MARKET BY GEOGRAPHY

• 7.1. Introduction
• 7.2. Americas
  • 7.2.1. By Type
  • 7.2.2. By Livestock
  • 7.2.3. By Country
    • 7.2.3.1. USA
    • 7.2.3.2. Brazil
    • 7.2.3.3. Others
• 7.3. Europe Middle East and Africa
  • 7.3.1. By Type
  • 7.3.2. By Livestock
  • 7.3.3. By Country
    • 7.3.3.1. United Kingdom
    • 7.3.3.2. Germany
    • 7.3.3.3. France
    • 7.3.3.4. Others
• 7.4. Asia Pacific
  • 7.4.1. By Type
  • 7.4.2. By Livestock
  • 7.4.3. By Country
    • 7.4.3.1. China
    • 7.4.3.2. Japan
    • 7.4.3.3. India
    • 7.4.3.4. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 8.1. Major Players and Strategy Analysis
• 8.2. Market Share Analysis
• 8.3. Mergers, Acquisitions, Agreements, and Collaborations
• 8.4. Competitive Dashboard

9. COMPANY PROFILES

• 9.1. BASF
• 9.2. DuPont
• 9.3. Cargill, Incorporated
• 9.4. Kemin Industries, Inc.
• 9.5. BTSA
• 9.6. Eastman Chemical Company
• 9.7. Alltech
• 9.8. Adisseo (China National Bluestar (Group) Co, Ltd.)
• 9.9. Novozymes A/S (Novo Holdings A/S)
• 9.10. Koninklijke DSM N.V.