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Feed antioxidant - Market Leader
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.
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.
Feed Antioxidants Market by Type (BHA, BHT, Ethoxyquin & Others), By Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), By Geography - Global Trends & Forecasts To 2018
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