Europe Feed Antioxidants Market is expected to be worth USD 60.8 million in 2021, growing at a high CAGR of 5.8% from 2022 to 2028 to reach USD 90.2 million by 2028. Farmers are forced to incorporate quality compound feed substances for their livestock due to government policies and the growth of feed additives such as feed antioxidants. To meet the growing demand for meat and meat products, farmers must incorporate quality compound feed substances for their livestock. Developing countries consume enormous amounts of meat due to changes in dietary habits, and higher disposable incomes drive the market in the region. The europe feed antioxidants market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players, such as acquisitions, mergers, expansions, and new product launches, may enhance the company’s growth. For instance, In February 2022, Alltech and DLG Group (DLG) have partnered up to assist cattle producers in Scandinavia (Europe) increase their profitability and efficiency. Alltech and DLG are nearing completion on the acquisition of Karki-Agri. This Finnish company will increase its offering of innovative, field-proven animal nutrition while also expanding its feed oxidants range. However, fewer investments by a large group of small-scale farmers and stringent government regulations hamper europe feed antioxidants market growth.
In April 2022, Kemin Industries introduced a new antioxidant solution, Paradigmox Green, a fully natural blend suitable for the organic livestock production industry in the EMENA (Europe, Middle East, North Africa) region.