Phytogenic Feed Additive Market - Global Growth, Share, Trends, Demand and Analysis Report Forecast 2023-2030

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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 global phytogenic feed additive market presents a comprehensive and impactful landscape. These additives, known for their diverse applications, hold a crucial position in the global feed industry, contributing significantly to its overall dynamics. They play a pivotal role in enhancing the quality of animal feed, thereby influencing animal health and nutrition positively. The market overview underscores the multifaceted uses of phytogenic feed additives and their integral role in promoting optimal animal well-being. This highlights a dynamic and influential global market that resonates across various sectors within the feed industry.

 

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Top Key Players of 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 latest research on the Phytogenic Feed Additive market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the Phytogenic Feed Additive industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Phytogenic Feed Additive market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

 

Phytogenic Feed Additive Market Segmentation:  

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

By Region

·         North America (US, Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, UK, 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, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

 

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Market Driven by Economic Growth:

 

The global market is experiencing a notable upswing in demand, propelled by rapid economic growth and an increasing disposable income. This heightened demand is particularly fueling the appetite for high-quality dairy and poultry products, encompassing a range from eggs to milk and meat. The OECD/FAO 2021 study further predicts a substantial surge in global consumption of beef proteins, with the primary driving factors being the concurrent growth in both income levels and population.

 

Conclusion:

the phytogenic feed additive market concludes with a recognition of its broad influence and integral role in the global feed industry. These additives, known for their diverse applications, play a crucial part in enhancing animal feed quality and overall nutrition. The market overview emphasizes the multifaceted uses of phytogenic feed additives and their essential contribution to promoting optimal animal health. This underscores a dynamic and influential global market, shaping the landscape of the feed industry across various sectors.

 

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