Author: Vikas Kumar
14 February 2023
Global phytogenic feed additives market is expected to register a CAGR of approx. 7% over the period of 2022-2028. Phytogenic is a naturally occurring growth promoter. Phytogenic has numerous benefits for modern livestock production, including antioxidative, anti-microbial, anti-inflammatory, and digestion-enhancer properties. To encourage growth, they are included in the feed for animals. Phytogenic has gained popularity over conventional feed additives because they are all-natural and free of antibiotics. Phytogenic additives help with digestion while improving the flavour of the feed. Certain herbs, spices, and oils, specifically lemon and caraway oil, contain phytogenic compounds that aid in the growth of certain animals. The global phytogenic feed additives market is growing due to the increase in diseases in livestock leading to a loss of production & profit and disruption in the economy & international trade boosts the adoption of inorganic growth strategies among key industry players around the globe. For instance, In October 2020, Royal DSM, a worldwide science-based corporation focused on nutrition, health, and sustainable living, finalized the €980 million acquisition of Erber Group. Biomin offers enzymes and adsorbents that help break down poisons found in feed, such as aflatoxins and ergot alkaloids. This acquired DSM’s expertise as a leading provider of animal health and nutrition solutions. Owing to these glaring statistics the demand for phytogenic feed additives is anticipated to grow in the forthcoming years as the decreased risk of food-borne diseases and thus boosted the growth of the phytogenic feed additives industry. Moreover, changing lifestyles and improved health awareness are fueling the demand for the phytogenic feed additives market. Furthermore, increasing food safety concerns and demand for quality meat products are expected to drive the market for phytogenic feed additives market in the coming years.
Request for Sample of the report browse through- https://univdatos.com/get-a-free-sample-form-php/?product_id=34910Based on the type, the phytogenic feed additives market is segmented into essential oils, flavonoids, saponins, oleoresins, and others. The oleoresins segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Oleoresins are used more frequently as phytogenic feed additives all over the world due to their desirable properties of being able to add colour, flavour, and aroma to livestock feed, which improves the feed’s palatability. As their consumption and acceptance continue to rise over the forecasted period, the oleoresins are likely to experience significant growth.
Based on the source, the market is fragmented into herbs and spices, flowers, fruits and vegetables. The fruits and vegetables segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Waste from fruits and vegetables is used specifically in phytogenic feed additives for sustainability, and it also addresses the problems of waste recycling and waste reduction. Additionally, fruits and vegetables like berries, citrus fruits, and onions are used as sources to extract essential oils, flavonoids, and saponins, and their oils are thought to be an excellent phytogenic additive which propels their demand and market growth in the industry.
For a detailed analysis of the Global Phytogenic Feed Additives Market browse through– https://univdatos.com/report/phytogenic-feed-additives-market/
For a better understanding of the market adoption of phytogenic feed additives, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes a major market for the phytogenic feed additives industry this is due to the lack of harmful residues in plant-based additives. Additionally, the replacement strategies for antibiotic growth promoters are likely to aid the market growth in this region. Furthermore, an increasing number of feed mills and feed production, greater demand for feed, and a rise in awareness about the need for quality feed among livestock farmers are boosting the growth of the market.
Some of the major players operating in the market include Cargill, Incorporated.; Archer-Daniels-Midland Co; DuPont de Nemours Inc; Koninklijke DSM N.V.; Land O’ Lakes; Bluestar Adisseo Co; SHV Holdings NV; Kemin Industries, Inc.; Dostofarm GmbH; Silvateam S.p.a.
Global Phytogenic Feed Additives Market Segmentation
Market Insight, by Type
Market Insight, by Source
Market Insight, by Form
Market Insight, by Function
Market Insight, by Livestock
Market Insight, by Region
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