Key participants in the global feed antioxidant market are BASF SE (Germany), Cargill, Inc. (U.S.), Kemin Industries (U.S.), Royal DSM N.V. (The Netherlands), and ADM (U.S.)
(PRWEB) October 17, 2014
The report “Feed Antioxidants Market by Type (BHA, BHT, Ethoxyquin & Others), by Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), by Geography - Global Trends & Forecasts to 2018”, defines and segments the global feed antioxidant market with analyses and projection of the global market size in terms of value for the feed antioxidants.
The global market for feed antioxidants, in terms of value, was estimated to be worth around $191.1 million in 2013 and is projected to grow to $238.5 million by 2018, at the CAGR of 4.5%. The main industry participants are involved in acquisitions to penetrate the untapped markets.
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Feed antioxidant is a key ingredient in the feed additive industry. Its role in increasing the shelf life of feed cannot be undermined. The antioxidant producers are trying to bring down the production cost and develop new products that would not only help them expand their product portfolio, but also cater to the varied needs of customers. The companies have been investing in R&D centers for achieving these objectives.
Feed antioxidants are vital for livestock owners as they help inbringing down the overall cost of the feed by reducing wastage of feed and preventing it from oxidation. They also shield the vital nutrients in the feed and help in preserving their nutritive value. The industry has been continually witnessing advancements in technology. Improvements in this direction have enabled the preparation of feed in a more efficient and better way. Feed antioxidants consist of various products such as BHA, BHT, and Ethoxyquin among others.
The feed antioxidant segment in the Asia-Pacific region is developing rapidlyand this region isthe largest market for feed antioxidants. Companies such as BASF SE (Germany), Kemin Europa (U.S.), and Cargill, Inc. (U.S.) are strengthening their feed antioxidant segment by expanding their business operations. By adopting this strategy, companies are competing with each other and are increasing their revenues by developing their feed antioxidant businesses.
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By adopting growth strategies such as expansion, acquisition, joint ventures and agreements, the companies are expanding worldwide. Companies such as Novus International (U.S.) and Perstorp (Sweden) are expanding their antioxidant businesses by going for acquisitions that may enhance their penetration in the feed antioxidants market.
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