Phytogenic Feed Additives Market Size, Industry Share Forecast

"The Phytogenic Feed Additives Market report analyzes a comprehensive overview of the market, comprising an executive summary that covers core trends evolving in the market. This business report is drafted based on a brief assessment and extensive data collected from the Phytogenic Feed Additives Market. The collected data include current industry trends and requirements associated with services and manufacturing goods. This global industry analysis report segments and defines the Phytogenic Feed Additives Market industry, providing in-depth forecasts and a study of the market size. The report further includes various figures, data tables, and an in-depth table of contents on the market. The demand proportion and development of innovative technologies are also revealed in the trustworthy Phytogenic Feed Additives Market research report.

The large-scale Phytogenic Feed Additives Market report encompasses key players along with their share (by volume) in key regions such as APAC, EMEA, and the Americas, and outlines the challenges they face. This market document forecasts compound annual growth rate (CAGR) in percentage value for a specific period, aiding the Phytogenic Feed Additives Market industry in making decisions based on futuristic charts. The report highlights global key manufacturers, defining, describing, and analyzing the market competition landscape. The Phytogenic Feed Additives Market report provides the market potential for each geographical region based on growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.

The surging demand for natural feed additives, the increase in consumption of animal protein, stringent regulations on antibiotic feed additives, and the escalating concern regarding animal welfare, are some of the factors expected to drive market growth. However, the availability of established alternatives for feed additives in the market is expected to restrain market growth.

Explore Further Details about This Research Phytogenic Feed Additives Market Report https://www.databridgemarketresearch.com/reports/global-phytogenic-feed-additives-market

The global phytogenic feed additives market report provides details of market share, new developments, and the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

The global phytogenic feed additives market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 9.2% in the forecast period of 2023 to 2030 and is expected to reach USD 1,744.34 million by 2030.

REPORT METRIC	DETAILS
Forecast Period	2023 to 2030
Base Year	2022
Historic Year	2021 (Customizable to 2015 - 2020)
Quantitative Units	Revenue in USD Million
Segments Covered	Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Tannins, and Others), Type of Animal Feed (Poultry Feed, Ruminants Feed, Aqua Feed, Swine Feed, and Others), Sources (Herbs and Spices), Form (Dry and Liquid), Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Digestion Enhancers, and Others)
Countries Covered	U.S., Canada, and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Poland, Denmark, Sweden, Turkey, and rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, New Zealand, Vietnam, Thailand, Indonesia, Philippines, and rest of Asia-Pacific, Saudi Arabia, U.A.E., Kuwait, Oman, Qatar, South Africa, and rest of Middle East and Africa, Brazil, Argentina, and rest of South America
Market Players Covered	Cargill, Incorporated. DSM, Kemin Industries, Inc., ADM, Nutreco, Natural Remedies., Himalaya Wellness Company, Vinayak Ingredients. India, Silvateam S.p.a., Phytobiotics Futterzusatzstoffe GmbH, Tegasa, MIAVIT GMBH, Indian Herbs, Customer DOSTOFARM GmbH, British Horse Feeds, Orffa, Igusol, Glamac International Private Limited., and Nor-Feed among others

Market Definition

Phytogenic is a class of organic growth promoters used as feed additives that are derived from herbs, spices, or other plants. The range of phytogenic feed additives is broad and includes essential oils and active ingredient classes such as saponins, flavonoids, mucilages, tannins, and bitter and pungent substances. Phytogenic feed additives are substances of plant origin added to animal diets at recommended levels to enhance animal growth and nutrition.

Global Phytogenic Feed Additives Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

Stringent Regulations on Antibiotic Feed Additives

Antibiotics are a class of organic, semi-organic, or synthetic compounds with anti-microbial activity that are widely used to treat and prevent infectious illnesses in humans and animals. They may also be added to feed as growth promoters to aid in the development of animals.

The use of antibiotics in poultry and livestock production is seen as advantageous by farmers and the economy as a whole because it has generally improved poultry performance economically and effectively. However, the potential spread of antibiotic-resistant strains of pathogenic and non-pathogenic organisms into the environment and their subsequent transmission to humans via the food chain could seriously affect public health. Legislation and other restrictions on antibiotic usage in farm animals are being established worldwide due to these health concerns.

Key Questions Answered in This Report: –

How has this Phytogenic Feed Additives Market performed so far and how will it perform in the coming years?
Which are the key product types available in this Phytogenic Feed Additives Market?
Which are the major application areas in the Phytogenic Feed Additives Market?
What are the key distribution channels in the global Phytogenic Feed Additives Market?
What are the key regions in this Phytogenic Feed Additives Market?
What are the price trends?
What are the various stages in the value chain of this industry?
What are the key driving factors and challenges in the market?

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