Description

Feed Preservatives Market size was valued at US$ 2.7 Billion in 2020 and is projected to reach US$ 4.9 Billion by 2027 at a CAGR of 8.9% during the forecast period 2021 to 2027. Preservatives are the substances used to prevent the spoilage of food products. Feed preservatives are used in micro quantities in the animal feed to increase the shelf life of feed by averting spoilage of food products. Preservatives or anti-oxidants are most commonly used additives in animal feed to circumvent the oxidization of animal fats and oils. Feed preservatives are classified into two types namely, natural feed preservatives and artificial or synthetic feed preservatives. Natural feed preservatives are present in rosemary, citric acid, and vitamin E and shows the anti-inflammatory action. Feed preservatives are also used to maintain the livestock hygiene and improve their productivity. In June 2017, BASF SE and Sinopec expanded propionic acid production in China, which keeps feed grain fresh for a long time by preventing molding.The developing interest for feed premixes to maintain animal health is intended to increase in the utilization of preservatives, and by numerous providers to keep up with the nature of the premix drivers the growth of feed preservatives market

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