Global Phytogenic feed additives Market is expected to register a CAGR of approx. 7% over the period of 2022-2028. The phytogenic feed additives market is growing due to the increase in diseases in livestock leading to a loss of production & profit and disruption in the economy & international trade boosts the adoption of inorganic growth strategies among key industry players around the globe. For instance, In October 2020, Royal DSM, a worldwide science-based corporation focused on nutrition, health, and sustainable living, finalized the €980 million acquisition of Erber Group. Biomin offers enzymes and adsorbents that help break down poisons found in feed, such as aflatoxins and ergot alkaloids. This acquired DSM’s expertise as a leading provider of animal health and nutrition solutions. Owing to these glaring statistics the demand for phytogenic feed additives is anticipated to grow in the forthcoming years as the decreased risk of food-borne diseases and thus boosted the growth of the phytogenic feed additives industry According to UnivDatos Market Insights (UMI)’ research report “global phytogenic feed additives market”, the market is expected to witness a robust growth during the forecast period 2022-2028F. Moreover, changing lifestyles and improved health awareness are fueling the demand for the phytogenic feed additives market. Furthermore, increasing food safety concerns and demand for quality meat products are expected to drive the market for phytogenic feed additives market in the coming years.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34910

Based on the type, the phytogenic feed additives market is segmented into essential oils, flavonoids, saponins, oleoresins, and others. The oleoresins segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Oleoresins are used more frequently as phytogenic feed additives all over the world due to their desirable properties of being able to add colour, flavour, and aroma to livestock feed, which improves the feed's palatability. As their consumption and acceptance continue to rise over the forecasted period, the oleoresins are likely to experience significant growth

Based on the livestock, the market is fragmented into poultry, swine, ruminants, aquatic animals, and others. The swine segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The growth and use of feed phytogenic products in swine has been aided by the sharp rise in the consumption of pork and other swine products in recent years. The use of phytogenic feed intakes in swine for a variety of purposes, including increasing feed intake, enhancing gut function, and boosting disease resistance, has significantly fueled the market growth for these products in recent years.

The North America witnessed extensive growth

For a better understanding of the market adoption of phytogenic feed additives, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes a major market for the phytogenic feed additives industry this is due to the lack of harmful residues in plant-based additives. Additionally, the replacement strategies for antibiotic growth promoters are likely to aid the market growth in this region. Furthermore, an increasing number of feed mills and feed production, greater demand for feed, and a rise in awareness about the need for quality feed among livestock farmers are boosting the growth of the market.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global phytogenic feed additives market Cargill, Incorporated.; Archer-Daniels-Midland Co; DuPont de Nemours Inc; Koninklijke DSM N.V.; Land O' Lakes; Bluestar Adisseo Co; SHV Holdings NV; Kemin Industries, Inc.; Dostofarm GmbH; Silvateam S.p.a. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Phytogenic Feed Additives Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

Market Segmentations:

1. By Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Others)

2. By Source (Herbs and Spices, Flowers, Fruits and Vegetables)

3. By Form (Liquid, Dry)

4. By Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Others)

5. By Livestock (Poultry, Swine, Ruminants, Aquatic animals, Others)

6. By Region (North America, Europe, Asia-Pacific, Rest of the World)

7. By Company (Cargill, Incorporated.; Archer-Daniels-Midland Co; DuPont de Nemours Inc; Koninklijke DSM N.V.; Land O' Lakes; Bluestar Adisseo Co; SHV Holdings NV; Kemin Industries, Inc.; Dostofarm GmbH; Silvateam S.p.a)

Key questions answered in the study:

1. What are the current and future trends of the global phytogenic feed additives industry?

2. How the industry has been evolving in terms of type, source, form, function, and livestock?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global phytogenic feed additives industry?

5. What is the customer orientation, purchase behavior, and expectations from the global phytogenic feed additives suppliers across various region and countries?

Phytogenic Feed Additives Market - Industry Size, Share, Growth