Phytogenic Feed Additive Market Global Industry Size, Share, Trends, Opportunity, And Forecast, 2023-2029

Market Overview:
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 %.

Plant-derived products are referred to as phytobiotics, phytotogenics, or botanicals, and they are utilized as feed additives to potentially improve animal husbandry performance. Studies have shown that naturally attractive, assume a significant part in expanded feed take-up, further developed stomach capability, hostile to oxidant impacts, and against microbial impacts. Additionally, due to their 100% natural nature and absence of antibiotics, phytogenic feed additives have gained popularity over traditional feed additives. Additionally, phytogenic additives aid in digestion and enhance the flavor of the feed. Additionally, the use of phytogenic feed additives reduces livestock ammonia emissions, lowering nitrogen pollution.

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Market Dynamics:
Driver:
By exhibiting antimicrobial properties, phytogenic feed additives have demonstrated positive effects on livestock, thereby lowering the cost of purchasing modern antibiotics and reducing their use. Due to their volatile, oxidative, and high-temperature properties, essential oils become less potent and less effective over time. By extending the shelf life of essential oils and shielding them from environmental changes, encapsulated technology aids in their preservation. The growing need for nutritious and healthy food from livestock has driven the demand for the use of phytogenic feed additives.

Opportunities:
Increasing Population of Pet Owners
The use of antibiotics has been curtailed in emerging economies, supporting the market for phytogenic feed additives. Companies are being given opportunities to develop novel feed products that contain antimicrobial, anti-oxidant, and other qualities that will assist in maintaining the health of pets as a result of the growing concern that pet owners have regarding the quality, safety, and origin of the ingredients that are used in the production of pet foods.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

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Key Prominent Players in The 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.

Segmentation of The Phytogenic Feed Additive Market
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

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Regional Analysis of Phytogenic Feed Additive Market
Asia Pacific region ex anticipated dominating the maximum phytogenic feed additive market share during the forecast period. The rising livestock sector in the Asia Pacific and the significant industrialization of the sector will turn the demand for feed phytogenic throughout the forecast period. The increasing consumer health concerns, especially in meat & dairy products, have resulted in the demand for natural feed additives in Asian countries, in turn, turning product demand and their growth rate. In addition, the rising number of feed production and feed mills, especially in emerging economies is further accelerating the industry in this 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)

Key Industry Development In Phytogenic Feed Additive Market
In February 2021, Nor-Feed and Natural Biologics declared the new collaboration that targets to stimulate the warehousing, logistics, and delivery of Nor-Feed products, directly within the U.S. for their consumers, this is going to help Nor-Feed in its expansion across the United States.

In January 2020, Delacon Biotechnik GmbH launched a new product BioStrong Comfort in US and Canadian markets. This product contains plant-derived antioxidants and is developed to lessen the impact of heat stress during high temperatures and humidity.

In June 2019, The European Food Safety Authority (EFSA) Panel on food additives, used in animal products announced the safety and efficacy of Digestarom® DC in the broiler, and minor avian species in favor of BIOMIN, the leading company in the manufacturing of phytogenic feed additives. Thus, it will escalate the sales of Digestarom® DC in European countries, thereby increasing its revenue.

Table of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Type
 3.2 By Livestock
 3.3 By Form
 3.4 By Sources

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Phytogenic Feed Additive Market by Type
 5.1 Phytogenic Feed Additive Market Overview Snapshot and Growth Engine
 5.2 Phytogenic Feed Additive Market Overview
 5.3 Essential Oils
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Essential Oils: Geographic Segmentation
Continue.

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