Phytogenic Feed Additive Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2028
Phytogenic Feed Additive Market was valued at USD 797.86 million in 2021 and is expected to reach USD 1376.28 million by the year 2028, at a CAGR of 8.1 %.
Phytogenic, 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, play an important role in increased feed uptake, improved gut function, antioxidant 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 aids in digestion. Moreover, using phytogenic feed additives, reduces ammonia emission from livestock, thereby reducing nitrogen pollution. The blue ridge in using phytogenic feed additives is that it suppresses the growth of harmful bacteria without the utilization of antibiotics, thereby boosting the growth of the phytogenic feed additive market during the forecast period. Globally the demand for organic meat is rising substantially, to meet this demand, the necessity of phytogenic feed additives has increased. Moreover, phytogenic feed additives are capable of reducing microbial threats and promoting intestinal health, which is a positive sign for optimal performance and profitability, thereby promoting the growth of the phytogenic feed additives market in the forecast period. According to BIOMIN, the market for phytogenic feed additives is going to increase from US$500 million in 2015 to US$2 billion by 2030, i.e., four times from its initial value in 2015.
This Phytogenic Feed Additive Market Report includes information on the manufacturer, such as shipping, pricing, revenue, interview records, gross profit, and company distribution, among other things. These details assist consumers to learn more about their rivals. Likewise, the report outlines the significant difficulties that would have an influence market growth. They also give extensive facts about the industry's potential to key stakeholders, allowing them to expand their industries and increase sales in certain industries. The research will assist companies who are already in or want to enter this market in analyzing the many facets of this domain before investing in or growing their industry in the Phytogenic Feed Additive markets.
• INFOEMPRESA SL (Spain)
• Bluestar Adisseo Co. Ltd. (China)
• Natural Remedies (India)
• Delacon Biotechnik Gmbh (Austria) and other major players.
Phytogenic feed additives also called as phytobiotics are non-antibiotic growth promoters or group of natural growth promoters used as feed additives, derived from spices, herbs or other plants. Essential oils are the concentrated type of phytogenics, which contain the most vital elements of plants. There have been various restrictions in many countries over the use of in-feed antibiotics. Introduction of phytogenic feed additives, have resulted in product derivation for potential animal performance improvements.
By Livestock:
By Region: • North America (U.S., Canada, Mexico) • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Questions Answered in the Baobab Market Research Report:
• Which are the major phytogenic feed additives types considered in this study and which segments are projected to have promising growth rates in the future?
• What are some of the drivers fuelling the growth of the phytogenic feed additives market?
• What kind of information is provided in the competitive landscape section?
• What is the market size and forecast of the Global Phytogenic Feed Additives Market?
• What are the technology trends and regulatory frameworks in the Global Phytogenic Feed Additives Market?
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments.
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The global Phytogenic feed additives market is segmented on the basis of type, livestock, and function. On the basis of type, the global Phytogenic feed additives market is divided into essential oils, flavonoids, oleoresins, and others. On the basis of product type, the global Phytogenic feed additives market is divided into poultry, swine, ruminants, and aquatic animals. On the basis of distribution channel, the global Phytogenic feed additives market is divided into performance enhancers and palatability enhancers.
Related Report: -
https://introspectivemarketresearch.com/reports/animal-feed-additives-market/ https://introspectivemarketresearch.com/reports/medicated-feed-additives-market/ https://introspectivemarketresearch.com/reports/probiotic-feed-additives-market/
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