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(MoneyNewsWire.Net, September 07, 2017 ) The Middle East and Africa Feed Antioxidants Market was worth USD 17.47 million in 2016 and estimated to be growing at a CAGR of 5.444%, to reach USD 22.77 million by 2021. The Middle East & Africa Feed Antioxidants Market has continued to grow rapidly because of Antioxidants’ essential contribution in all kinds of feeds for animal and is thus predicted to show steady growth in next few years, resulting in the agriculture industry to grow interested in the market.
Feed Antioxidants Market Analysis are chemicals used as additives in feed for animals to have an increase in their shelf life by avoiding oxidation in animal guts and finished feeds. Antioxidants also provide help in saving nutritional supplements in the feed from deterioration which includes fats, pigments and vitamins.
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Increasing awareness about benefits of Antioxidants on Animal health among farmers has resulted in the Middle East & Africa Feed Antioxidants Market to show evident growth recently. Other key factors driving the Feed Antioxidants market’s growth include reduced wastage due to oxidation, increasing feed prices, industrialization of the livestock industry and the outbreak of livestock disease fuelling additives market. These factors have played a major role in the growth of the market lately. Besides them, the Middle East & Africa Feed Antioxidants Market also experiences some challenges and restraints which include competition with other industries for raw materials, price volatility of Agri-commodities and stringent government regulations.
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The Middle East & Africa Feed Antioxidants Market is segmented on the basis of Livestock and Antioxidant types. Based on livestock, the market is segregated under cattle, swine, aquaculture, poultry and other livestock. Of these, Poultry accounts for the highest share in the market due to the adoption of intensive farming system for it more than in any other segment. When taking Antioxidant type into account the market is segmented into BHA Antioxidants, BHT Antioxidants, Ethoxyquin Antioxidants and other Synthetic Feed Antioxidants. The Middle East & Africa Feed Antioxidants Market is dominated by ethoxyquin because of its efficacy, closely followed by BHT and BHA. On the basis of geographical analysis, the Middle East & Africa Feed Antioxidants market is segmented under two regions namely Middle East and Africa.
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Some of the major companies leading the Middle East & Africa Feed Antioxidants market include Adisseo France SAS, Archer Daniels Midland Company, AllTech, Danisco, Cargill Inc, Nutreco N.V., DSM, Kemin Europa, Novus International, Perstorp.
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