Market World Animal Feed Antioxidants Market | Page 2

trend in agriculture sectors is expected to ensure access to corn as well as oilseeds as raw materials to
manufacture natural ingredients for the animal feed industry.
Livestock insights:
Poultry was the largest market, accounting for 34.3% of global share in 2015. Rising demand for frozen chicken
as a result of increasing importance of convenience food is expected to increase the consumption of
antioxidants among livestock over the forecast period.
Over the past few years, the governments of South Africa and Nigeria have been initiating various policies aimed
for the improvement of poultry farming on a domestic level. The above mentioned favorable policy toward the
development of poultry farming on a national level is expected to open to increase new applications over the
projected period.
The market demand for cattle was 16.0-kilo tons in 2015 and is expected to witness significant gains as a result
of increasing outbreaks of diseases including Bovine spongiform encephalopathy (BSE). Furthermore, animal
feed antioxidants demand in aquaculture was USD 16.9 million in 2015.
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Product insights:
Synthetic products forms held a market volume of over 50% in 2015. They are used on account of excellent
stability as well as enhanced shelf life as compared to natural counterparts. Furthermore, low prices of synthetic
ones as a result of their high market visibility as a product is expected to have a positive impact.
Natural antioxidants are expected to foresee volume growth over 4% as a result of stringent regulations aimed
at limiting the scope of synthetic counterparts for reducing greenhouse gas emissions. However, the
predominant consumption of the oilseeds in direct food consumption is expected to decrease the availability of
feedstock to the feed ingredients processors.
Regional Insights:
Asia Pacific was the largest market, accounting for 51.5% of global industry share in 2016. The firm foothold of
the farming base of cattle, pork and poultry species in China, India, Australia and New Zealand is expected to
have a positive impact on the market. However, low adoption rates of antioxidants in unorganized cattle farming
sector of developing countries including China and India is projected to hamper the industry growth.