28 Mar Asia Pacific Feed Antioxidants Market Projected To Reach US$ 127.1Mn by 2023 Owing To Inherent Nature of Its Agrarian Economy Wider Economic Activity in Livestock Animals and Products Propels The Market Revenue Growth
Analyst Speak: “The Asia Pacific Feed Antioxidants Market poised to reach US$ 127.1 Mn by 2023 with CAGR of 3.9% over six years forecast period 2017-2023 owing to high dependence on agriculture and increase in consumption of dairy products.
Precision Business Insights (PBI) in its report titled “Asia Pacific Feed Antioxidants Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023” assesses the market performance over six years forecast period over 2017-2023. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The Asia Pacific Feed Antioxidants market was valued at US$ 97.4 Mn in 2016 and projected to reach US$ 127.1Mn by 2023 owing to growing production and consumption livestock products and increase in farming activities across the region, increase in per capita meat consumption, and rapid increase in meat industry is expected to enhance the livestock production. Increasing demand for animal protein and growing population are expected to drive the market for feed antioxidants and rising awareness of qualitative feed for the livestock anticipated to increase the market for feed antioxidants over the forecast period.
Asia Pacific Feed Antioxidants market segmented on the basis of antioxidant type, feed type and geography
Driving the sales and growth through penetrating new customer segments
Market players in Asia Pacific region focus to improve the sales and revenue growth of antioxidants business by means of acquiring and targeting new customer segments. Market players are creating new customer channels like B2C and B2F to better serve the customers and to penetrate deep into the market by keeping traditional B2B sales active and focused
Industrialization of the feed industry in emerging Asian countries such as China and India driving increased the demand for the feed antioxidants
PBI’s Asia Pacific Feed Antioxidants market report analyses the market in different geographies such as Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, Rest of Asia-Pacific. According to regional analysis, Asia Pacific accounted for larger revenue share through 2012-2016 and the same trend is projected to follow over 2017-2023. Asia-Pacific region projected to exhibit highest growth among all regions owing to growing animal rearing and livestock production.
Product Launches, M&A, Partnerships, and collaborations are the key strategies adopted by market players
Asia Pacific Feed Antioxidants market further reveals that the key players increasingly adopting M&A, Partnerships, and collaborations strategies to improve economies of scale by increasing manufacturing capacities and gaining significant geographic presence across the regions.
Key player’s profiles in the report are Kemin Industries, Inc. (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill Inc. (U.S.), Nutreco N.V. (Netherlands), Alltech Inc. (U.S.), Novus International (U.S.), Perstorp Holding AB (Sweden), Adisseo France S.A.S. (France), Oxiris, and Dupont Nutrition And Health (Danisco) (Denmark)
By Antioxidant Type
- Rosemary Extract
- Gallic Acid
- Oil Seeds
- Synthetic antioxidants
- Vitamin E
- Propyl Gallate
By Feed Type
- Broilers Pre-starter Feed
- Piglets Pre-starter Feed
- Cattle Pre-starter Feed
- Aqua Pre-starter Feed
- Pet Food
- Cattle Feed
- Poultry Feed
- Aqua Feed
- Pig Feed
- Feed Premixes
- Raw Material
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific