Feed Antioxidants Market worth $238.5 Million By 2018
DALLAS, April 16, 2014 /PRNewswire/ --
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. It also identifies the driving and restraining factors of the global market with analyses of trends, opportunities, burning issues, and winning imperatives. The market is segmented and the value is projected on the basis of types, livestock, and geography.
Browse more than 76 market data tables and 17 figures spread through 154 pages and in-depth TOC on "Feed Antioxidants Market - Global Trends & Forecasts To 2018"
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Feed antioxidants are supplements that are added to increase shelf life of feed. They are also used for purposes such as to improve resistance against certain diseases. Thus, feed antioxidants help in keeping the livestock healthy, and also help in reducing the cost of feed by reducing wastages due to oxidation. Some important feed antioxidants are BHA, BHT, and ethoxyquin. These feed antioxidants supplement the feed in varying quantities, depending on the environmental factors and the feed type.
The demand-driving factors of the Feed Antioxidants Market are the globally increasing prices of feed, and the increasing use of antioxidants in improving the animals' disease resistance. The main restraint for the industry is the ongoing debate about the role of antioxidants in shielding cancer producing cells in the body from the body's defense mechanism. However, the possibility of feed antioxidants being used as mold inhibitors serves as an opportunity in the feed antioxidants industry. The manufacturers are developing innovative production techniques to manufacture the products at a lower cost and increase their production capacity.
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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