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Feed Antioxidant Market - New Revenue Pockets
The feed antioxidants market is a growing market and the companies are going for expansion of their business as their growth strategy. BHA is considered as a main type of feed antioxidant. BHA is the most popular type of feed antioxidant. Companies involved with feed antioxidants such as BASF SE (Germany), Kemin Europa (U.S.), and Cargill, Inc. (U.S.), are expanding their business by adopting new technologies to enhance their production and meet the increasing demands of the market.
Feed antioxidants play a vital role in animal feed. They help in improving the shelf life of the feed. Companies are adopting new technologies, which are used for the manufacture of feed antioxidants. These benefits of the feed supplements have led to development of the livestock industry, and consequently the meat processing industry. Companies such as BASF SE (Germany) and Biomin (Austria) are focusing on developing their feed antioxidant segment by adopting the expansion strategy. This has intensified the growth of the integrated value chain in the respective companies.
With the development being observed in the livestock industry and industrialization of the poultry meat and pork production sectors, feeding livestock with feed grades is becoming a largely adopted practice. However, the ongoing debate about the role of antioxidants in shielding the cancer producing cells from body’s defense mechanism may prove to be a hindrance to the growth of the industry. The global increase in price of feed is the biggest driver for the feed antioxidant industry.
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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