Phytogenic Feed Additives Market to Accumulate USD 1,371 Million By 2028 With Top Key Players Like BIOMIN Holding, Delacon Biotechnik, Phytobiotics Futterzusatzstoffe, etc

Phytogenic Feed Additives Market to Accumulate USD 1,371 Million By 2028 With Top Key Players Like BIOMIN Holding, Delacon Biotechnik, Phytobiotics Futterzusatzstoffe, etc

“Reports And Data”
Growing awareness regarding plant-based livestock feed products is driving the phytogenic feed additives sector. Phytogenic Feed Additives Market Size – USD 754 Million in 2020, Market Growth – at a CAGR of 7.7%, Market Trends – Rising acceptance of natural food products with proper nutritional value for pets

The global phytogenic feed additives market size is expected to reach USD 1,371 Million by 2028 at a CAGR of 7.7%, according to a new report by Reports and Data. Phytogenic feed additives generally consist of different herbal plants and are made of a wide array of substances. They exhibit various antimicrobial properties other than offering anti-oxidative effects. These feed additives added in animal feed at large amount for improving animal growth through the enhancement of palatability, and improving animal’s gut functioning for high food intake.

Recently the phytogenic feed additives industry is experiencing vibrant growth because of the growing need for enhancers of animal digestibility. Rapid advances in the dairy sector and rising technological explorations are predicted to fuel growth of the phytogenic feed additives industry over the estimated timeline. Moreover, the broad array of functions of phytogenic feed additives in several industries including poultry, dairy, and aquaculture is further augmenting demand in the industry.

Many sources of phytogenics, particularly essential oils, are highly sensitive substances that lose their efficiency and efficacy, because of their vulnerability to extreme temperatures, significant odor, dusty inclination, and various volatile and oxidative properties. Furthermore, the emergence of innovative technologies, including encapsulation, aids in extending the phytogenics’ shelf life. A modern technology, encapsulation, allows essential oils in having a longer shelf life by protecting them from climate changes by keeping the gaseous, solid, or liquid substance packed inside a tiny capsule.

However, expensive active ingredients that are used in phytogenic feed additives is retraining the industry expansion. Moreover, the fake products in emerging economies and limited awareness about the phytogenics usage are some of the other challenges towards the sector’s growth.

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Further key findings in the report

  • The ban on poor-quality animal feed products in emerging nations, such as the U.K. and U.S., and Japan, had created an adverse effect on the level of awareness of the producers of animal farm. Rising animal diseases has augmented need for safe and natural nutritional supplements with proper nutritional value for the animals.

 

  • As a precursor to livestock nutrition in several animal care industries, North America is panned to experience a substantial growth in the phytogenic feed additives industry because of its fast adoption of technologically advanced products.

 

  • In terms of multiplying phytogenic feed additives utilizes on the back of rising poultry and dairy population, Asia Pacific is showcasing a sizeable share in the market.

 

  • Major vendors in the industry include BIOMIN Holding GmbH (Austria), Delacon Biotechnik GmbH (Austria), Phytobiotics Futterzusatzstoffe GmbH (Germany), DOSTOFARM GmbH (Germany), Pancosma (Switzerland), Silvateam S.p.A. (Italy), Phutosynthese (France), IGUSOL S.A. (Spain), and NOR-FEED (France).

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For the purpose of this report, Reports and Data has segmented the global phytogenic feed additives market on the basis of type, livestock, source, form, and region:

Type Outlook (Revenue, USD Million, 2018 – 2028)

  • Essential oils
  • Flavonoids
  • Saponins
  • Oleoresins
  • Others (mucilage, tannins, bitter substances, and pungent substances)

Livestock Outlook (Revenue, USD Million, 2018 – 2028)

  • Poultry
  • Swine
  • Ruminants
  • Aquatic animals
  • Others (pets and equine)

Source Outlook (Revenue, USD Million, 2018 – 2028)

  • Herbs & spices
  • Flowers
  • Fruits & vegetables

Function Outlook (Revenue, USD Million, 2018 – 2028)

  • Performance enhancers
  • Antimicrobial properties
  • Palatability enhancers
  • Others (phytogenic feed additives with anti-inflammatory properties and better feed conversion)

Form Outlook (Revenue, USD Million, 2018 – 2028)

  • Dry
  • Liquid

Regional Outlook (Revenue, USD Million, 2018 – 2028)

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • Rest of Asia Pacific
  • Rest of the world
    • Brazil
    • Argentina
    • South Africa
    • Others

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/phytogenic-feed-additives-market

Table Of Content:

Chapter 1. Introduction

1.1 Objectives Of The Study

    1.2 Market Definition

    1.3 Study Scope

        Figure 1 Phytogenic Feed Additives Market Segmentation

        Figure 2 Regional Segmentation

    1.4 Periodization Considered

    1.5 Currency Considered

        Table 1 Usd Exchange Rates, 2018–2028

    1.6 Units Considered

    1.7 Stakeholders

    1.8 Summary Of Changes

Chapter 2. Research Methodology

  2.1 Research Data

        Figure 3 Phytogenic Feed Additives: Research Design

           2.1.1 Secondary Data

           2.1.2 Primary Data

                    2.1.2.1 Breakdown Of Primary Interviews

                            Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region

    2.2 Market Size Estimation

        Figure 5 Market Size Estimation Methodology: Bottom-Up Approach

        Figure 6 Market Size Estimation Methodology: Top-Down Approach

    2.3 Data Triangulation

        Figure 7 Data Triangulation Methodology

    2.4 Research Assumptions

    2.5 Limitations

Chapter 3. Executive Summary

 Table 2 Market Snapshot, By Type & Region, 2021 Vs. 2028 (Usd Million)

  Figure 8 Phytogenic Feed Additives Market, By Type, 2021 Vs. 2028(Usd Million)

  Figure 9 Market, By Livestock, 2021 Vs. 2028(Usd Million)

  Figure 10 Market, By Source, 2021 Vs. 2028(Usd Million)

  Figure 11 Market, By Region, 2020(In Terms Of Value)

Chapter 4. Premium Insights

    4.1 Opportunities In The Market

        Figure 12 Rising Ban On Synthetic Antibiotics And Growing Concerns Regarding Feed Quality To Support Market Growth

    4.2 Market, By Type And Region, 2020

        Figure 13 Asia Pacific Was The Major Consumer Of Phytogenic Feed Additives Across The Globe In 2020, In Terms Of Value

    4.3 Asia Pacific: Market, By Livestock And Country, 2020

        Figure 14 China Was The Major Consumer Of Phytogenic Feed Additives In 2020, In Terms Of Value

Continue…

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