Report: Feed antioxidants market to grow 5 percent annually
New report available from Research and Markets
Analysts at Research and Markets forecast the global animal feedantioxidants market to grow at a compound annual growth rate of 5.07 percent overthe period 2012-2016. The company reports its findings in its new "Global AnimalFeed Antioxidants Market Report."
One of the key factors contributing to this market growth is the increasing concern about animal health and feed safety. The global animal feed antioxidants market has also been witnessing an increasing demand for natural antioxidants. However, the impact of global warming due to livestock production could pose a challenge to the growth of this market.
The report has been prepared based on an in-depth market analysis with input from industry experts. The report covers the markets in the Asia-Pacific region, the Americas, and the Europe-Middle East-Africa region; it also covers the global animal feed antioxidants market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
With the increasing demand for naturally processed meat from consumers, the animal feed industry has been increasingly demanding that natural antioxidants be used in the feed. Research studies have found extracts from plants and natural compounds to be very helpful in improving the quality of meat.
It has also been found that extracts of various herbs and spices have high antioxidant capacity. For instance, some plants from the Lamiaceae species are reported to have a high antioxidant capacity. Essential oil found in the phenolic compound content of these plants is also reported to have a high antioxidant capacity.
Natural antioxidants are used in some stages of the meat production process as such antioxidants are reported to improve the shelf life of meat and improve its quality. Therefore, the increasing demand for natural antioxidants is an emerging trend that is expected to have a positive impact on the growth of the global animal feed antioxidants market.
According to the report, one of the key drivers contributing to the growth of this market is the growing concerns about animal health and safety. Factors such as the increase in the use of antibiotics in animal feed in the recent past and its consequence on meat consumers have raised concerns over the effects on human health. Owing to this reason, acceptable daily intakes of antioxidants have been established to counter the use of antibiotics.