Animal Feed Antioxidants Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Animal Feed Antioxidants Market Worth $256.9 Million By 2022”
The global animal feed antioxidants market is expected to reach USD 256.9 Million by 2022, according to a new report by Grand View Research, Inc. Increasing importance of animal protein over plant-based counterparts is expected to play a crucial role in driving market growth. The government of China announced the “Guideline for Beef Industry Development Towards 2020” in September 2013, aimed at increasing domestic beef production capacity from 6.3 million tons in 2013 to 7.86 million tons by 2020. This move is expected to open new avenues for animal feed antioxidants market over the next seven years. Natural antioxidants reported revenue of over USD 80 million in 2014. Rising importance of tocopherols as a source of vitamin E in countries of European Union, particularly Germany and UK, amid regulatory support for its inclusion in feed industry will have a significant impact on natural product forms in the near future.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/animal-feedantioxidants-market Further key findings from the report suggest: Global animal feed antioxidants demand was 58,202.9 tons in 2014 and is expected to grow at a CAGR of 3.7% from 2015 to 2022
Demand for animal feed antioxidants was highest in poultry accounting for over 30% of the global volume share in 2014. Antioxidants are added to poultry feed to enhance the vitamin content and reduce the number of free radicals. Rising consumption of poultry products is expected to drive antioxidants market.
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