Feed Antioxidants Market size was valued at USD 400 million in 2022, growing at a high CAGR of 4.0% from 2022 to 2028. The market for feed antioxidants is fuelled by increased global poultry meat consumption and the rise in health concerns in livestock, growing demand for meat as a high-protein food and rising awareness about animal health. Customer preferences and acceptance of high-quality feed for livestock and the growing popularity of mold inhibitors, stringent government regulations benefit the natural antioxidant products. For instance, In October 2021, BASF and Cargill expanded their animal nutrition relationship, adding research and development capabilities as well as new markets to their current feed enzymes distribution agreements. The goal is to bring farmers to feed innovations that reduce nutrient waste, improve feed efficiency, and promote animal growth and wellbeing. However, high cost associated with natural antioxidants, government regulations may hamper feed antioxidants the market. Antioxidants are used as additions in animal feeds, premixes, and fats to extend their shelf life by preventing lipid peroxidation and oxidative rancidity during production, processing, and storage. Antioxidants help to keep feed, flours, premixes, and animal fats fresh and healthy, allowing them to be stored for extended periods of time. Antioxidants protect them from oxidation-induced deterioration, preserving their sensory characteristics and preventing rancidity and discolouration. Natural antioxidants has a significant market revenue share in 2021, and it is expected to grow at a CAGR of 5% from 2022 to 2028. Feed antioxidants for Pet food market revenue share is expected to gain significant traction over the forecast period, and it is expected to grow at a CAGR of 6% from 2022 to 2028.
In April 2021, Kemin Industries launched a new antioxidant solution, Paradigmox Green, a fully natural blend that is also suitable for the organic livestock production industry in the EMENA (Europe, Middle East, North Africa) region.