The global animal feed antioxidants market size was USD 183.4 million in 2014. Increasing meat production in China, India, and the Middle East in light of rising awareness towards protein enrichment along with the availability of livestock at a domestic level is expected to play a crucial role in driving the market.
Majorly, antioxidants are of two types, natural and synthetic product types. These products have the ability for providing oxidation protection to feed by enhancing shelf life along with ensuring safety and quality. Also, these products are capable of protecting nutritional supplements in the feed from deterioration, which majorly include fats, vitamins, and pigments.
Europe animal feed antioxidants market, by livestock, 2012-2022, (Tons)
Rising epidemic outbreaks such as avian flu and foot-and-mouth disease have increased concerns over animal health, which affect the quality of food. Therefore, these ingredients are attracting more and more attention in both, the finished product and the ingredient markets.
Positive outlook towards agriculture in China, India, and Brazil on account of regulatory support along with improvisation of new irrigation technology at a domestic level is expected to open new opportunities for the market players in future. However, rising demand for oilseeds and corn in food & beverage and biofuels industries is expected to reduce the availability of raw material for the antioxidants production.
Poultry dominated the global market accounting for over 19.0 kilo tons in 2014, and this trend is expected to continue over the forecast period. Rising consumption of chicken on account of religious acceptance over other meats of swine and bovine species is expected to increase the penetration of livestock and, thus, is likely to augment market growth.
Governments of African countries, particularly Nigeria and South Africa, have announced the implementation of the business plan for promoting poultry farming at a domestic level. Thus, the regulatory inclination will further increase the market penetration for these additives in future.
Animal feed antioxidants demand in cattle was over 15 kilo tons in 2014 and is expected to witness growth in light of rising concerns over disease outbreaks such as BSE in bovine species.
Synthetic antioxidants dominated the market accounting for over 50% of the global volume share in 2014. These products are widely used in light of their longer shelf life and stability, which helps in protecting the raw materials or end-products. Also, availability of these products at affordable prices and in abundant quantity is another factor contributing to the high demand.
Natural animal feed antioxidants are expected to witness significant gains growing at a CAGR of over 4% from 2015 to 2022. Regulatory inclination towards restricting the application of synthetic chemicals in the feed on account of growing concerns over their hazardous effects is expected to increase the importance of natural products over the forecast period.
Asia Pacific accounted for the highest demand of over 40% of the global volume share in 2014. Positive outlook towards the production of mutton, chicken, and beef in China and India in light of rising domestic demand is expected to increase the importance of animal feed antioxidants over the forecast period.
North America generated revenue beyond USD 40 million in 2014, and it is expected to remain one of the largest markets over the forecast period. The presence of a robust manufacturing base of meat manufacturers in the U.S., which majorly include JBF, Tyson, Cargill, and National Beef, is expected to result in high demand for these additives. Rising consumption of red meat in Mexico in light of increasing availability of supermarkets meant for delivering frozen foods is expected to have a favorable impact.
The robust manufacturing base of pork meat in European countries such as Germany, France, and Russia is expected to increase the availability of livestock and in turn, will augment industry growth over the next seven years.
Brazil was the fourth largest producer of meat globally, with production estimated at 25,065 kilo tons in 2013. Also, increasing demand for meat as a source of protein and expansion of retail food outlets in light of upcoming sports events such as Rio 2016 Summer Olympics are expected to fuel the demand.
Major manufacturers include DuPont, BASF, ADM, DSM Nutritional Product, LLC, Novozymes, AB Vista, Zhejiang Medicine Co., Ltd., Adisseo, and Kemin Industries. Shifting preference from synthetic chemicals to bio-based counterparts in light of fluctuating prices of petrochemical feedstock is expected to force manufacturers to increase their expenditure towards the development of natural antioxidants such as tocopherols.
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