Feed additive is a food supplement for farm animals that provide and include vitamins, amino acids, fatty acids, and minerals that are not taken from regular meals from farmers.
Antioxidant feed additives are extensively used in poultry, cattle, swine, pet, and aquaculture. They protect processed food products from cytotoxin formation. They also protect feed ingredients from oxidation which results in rancidity of fats and destruction of vitamins A, D and E. Increase in the global demand for livestock is driving the global demand for Antioxidant feed additives.
Growth in Compound feed industry, lack of essential nutrients in livestock nutrition, shortage of high-quality fodder to the livestock etc are driving livestock farmers to use feed additives.
Global feed production crossed over 1,000 million tons in recent years. Asia Pacific is leading with highest production of over 350 million tons in 2016, with majority contribution from China. The main reasons aiding the growth of the market in this region are
• Growth in livestock production for meat,
• Government schemes and subsidies for promoting livestock health and production
• Increasing demand for animal protein and meat quality
• Increasing meat product consumption in China, Malaysia, India, and Thailand
• High-quality livestock production and
• Efficient network for distribution such as retail stores and supermarkets.
Regulatory guidelines regarding a ban on antibiotics and Policy measures to ban the use of Antibiotic growth promoters (AGPs), as a result,markets are finding natural replacements like probiotics, antioxidants, and amino acids.
Based on additives, the market is segmented into the following categories: Antioxidants, Antibiotics, Amino Acids, Enzymes, Flavors and sweeteners, Binders, Prebiotics, Minerals, Pigments, Probiotics, Mycotoxin Detoxifiers, Vitamins, and Acidifiers.
Based on end-user, the market consists of the following categories : Ruminant, Swine, Poultry, Aquaculture, and Others.
Significant players of the market are ADDCON GROUP GMBH, Adisseo France S.A.S., Ajinomoto Co., Inc., Archer Daniel Midland (ADM), BASF, Biomin Holdings Gmbh and Cargill.
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