The Phytogenic Feed Additive Market estimated at USD 862.42 Million in the year 2023, is projected to reach a revised size of USD 1608.15 Million by 2030, growing at a CAGR of 8.1% over the analysis period 2023-2030.
The term Phytogenic Feed Additive Market Phyto-biotics or botanicals are plant-derived products used as feed additives, to potentially increase the performance of animal husbandry. Studies have shown that photogenic, plays an important role in increased feed uptake, improved gut function, anti-oxidant effects, and anti-microbial effects. Moreover, phytogenic feed additives have found increased use, over traditional feed additives as they don't have antibiotics and are 100% natural. Phytogenic additives also enhance the flavor of the feed and also aid in digestion. Moreover, using phytogenic feed additives, reduces ammonia emission from livestock, thereby reducing nitrogen pollution.
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Top Key Players Covered in Phytogenic Feed Additive Market:
Cargill Incorporated (US), Dupont De Nemours, Bentoli (US), BIOMIN (Austria), DOSTOFARM Gmbh (Germany), Phytobiotics Futterzusatzstoffe Gmbh (Germany), Pancosma (Switzerland), The Himalaya Drug Company (India), Silvateam S.P.A. (Italy), NOR-FEED VIETNAM CO. LTD (France), INFOEMPRESA SL (Spain), Bluestar Adisseo Co. Ltd. (China), Natural Remedies (India), Delacon Biotechnik Gmbh (Austria) and other major players.
The report Phytogenic Feed Additives Market is an in-depth analysis of the Phytogenic Feed Additives Market including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Phytogenic Feed Additives Market is an in-depth analysis of the market state of Phytogenic Feed Additives Market manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Phytogenic Feed Additives Market sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report. The income earned from the sale of This Study and technologies by various application industries is considered in the report.
Segmentation Analysis of Phytogenic Feed Additives Market :
Phytogenic Feed Additives Market solutions can be segmented based on various factors to cater to different needs and contexts. Here are some common segmentation criteria:
By Type
· Essential Oils
· Herbs
· Spices
· Oleoresins
By Livestock
· Poultry
· Cattle
· Aquatic
· Swine
· Other Ruminants
By Form
· Liquid
· Dry
By Sources
· Flower
· Fruits
· Leaves
· Roots
· Non-Aqueous Solvents from Plant Materials
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Key questions answered
• Who are the Leading key players and what are their Key Business plans in the Phytogenic Feed Additives Market?
• What are the key concerns of the five forces analysis of the Phytogenic Feed Additives Market?
• What are the different prospects and threats faced by the dealers in the Phytogenic Feed Additives Market?
• What are the strengths and weaknesses of the key vendors?
COVID-19 Impact on Phytogenic Feed Additive Market:
COVID-19 has severely influenced the global economic outlook in the first quarter of 2020. The immediate animal nutrition sector bears from major supply chain disruption. The pandemic has influenced economies such as China, Italy, Spain, France, and other key countries and down-chain supplier regions and feed sectors fighting to accomplish the demand. Since feed acts as a key role in the manufacturing of different livestock animals, feed additives play a major ingredient in the manufacturing of nutrition-improved feed. This nutritional-based feed supports livestock in their reproduction, health management, lactation, and brand equity. Owing to the pandemic and lockdown, the supply chain of raw ingredients has influenced the utilization and manufacturing patterns globally. Animals cannot get enough nutrition from regular feed hence feed additives are added to their regular meal containing vitamins, amino acids, fatty acids, and trace minerals. Though this pandemic situation has influenced their businesses as well, there is no significant influence on the global operations and supply chain of their phytogenic feed additives. Multiple manufacturing facilities of players are still in operation. For instance, in January 2020, Delacon Biotechnik GmbH introduced the latest product Bio Strong Comfort in the US and Canadian markets. This product contains plant-obtained antioxidants and is designed to lessen the impact of heat stress throughout high temperatures and humidity. Thereafter, as the restrictions of the government measures are probably to relax gradually, the market is probably to experience an increase in the coming years till 2025 as many feed additive producers have started seeking alternatives to antibiotics. There would be a strong consumer preference for meat products raised on natural feed additives and products, such as phytogenic feed additives, that also support overcoming environmental impact.
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