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Description
Latin America Feed Antioxidants Market size is expected to be worth USD 32.9 million in 2021, growing at a high CAGR of 6.3% from 2022 to 2028 to reach USD 50.4 million by 2028. Meat customers dominate the animal agriculture industry in several South American countries. Due to expanding consumer awareness of protein-rich goods and the easy availability of cattle, demand for healthy meat has been steadily increasing in South America over the last few years, raising awareness of feed antioxidants in farmers and increasing awareness of feed antioxidants in farmers. Concerns about animal health have grown as pandemic outbreaks and foot-and-mouth disease has escalated, affecting food quality. As a result, these substances are gaining popularity in both the finished product and ingredient sectors. However, stringent government regulations on antioxidants and competition of raw materials with other industries hamper Feed Antioxidants in the market. The 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.
