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Feed Phytogenics Market Investment Opportunities, Future Trends, Business Demand and Growth And Forecast 2029

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Feed Phytogenics Market Investment Opportunities, Future Trends, Business Demand and Growth And Forecast 2029

Feed Phytogenics Market was valued at US$ 32.11 Bn in 2022 and is expected to reach US$ 59.09 Bn by 2029, at a CAGR of 9.10% during a forecast period.

Feed Phytogenics Market Overview:

The goal of this research is to provide an overview of the Feed Phytogenics market as well as detailed market segmentation based on connection type, end-use, and geography. The study contains critical information on the market positions of the leading Feed Phytogenics players, as well as noteworthy industry trends and opportunities.

The analysis also focuses on the Global Feed Phytogenics market's key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the Feed Phytogenics Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire Feed Phytogenics Market Size from a global perspective by analyzing historical data and prospects.

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Market Scope:

The report also focuses on the leading industry players in the Global Feed Phytogenics market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.

Drivers:

Phytogenics, also known as phytobiotics or botanicals, are plant-derived compounds that are used as feed additives in animal nutrition. They include a variety of substances such as essential oils, herbs, spices, and other bioactive compounds. The phytogenics market has been growing steadily due to several drivers that contribute to their popularity and adoption in animal feed. Here are some key drivers of the feed phytogenics market:

  1. Shift Towards Natural and Sustainable Alternatives: As consumers and regulatory bodies increasingly emphasize the reduction of antibiotic use in animal production, there is a growing demand for natural and sustainable alternatives to enhance animal health and performance. Phytogenics provide a viable solution by offering natural compounds that support animal growth, gut health, and overall well-being without the negative side effects associated with antibiotic use.
  2. Enhancement of Animal Performance: Phytogenics have been shown to improve animal performance parameters, including feed intake, weight gain, and feed conversion efficiency. These compounds can promote better nutrient utilization, leading to improved growth rates and economic returns for farmers.
  3. Gut Health Improvement: Phytogenics have a positive impact on gut health by promoting a balanced gut microbiota and reducing the prevalence of harmful pathogens. They can enhance the integrity of the intestinal lining, leading to better nutrient absorption and improved immune responses in animals.

Segmentation:

According to kind, the essential oils segment dominated the worldwide feed phytogenic market in 2022 and is anticipated to continue dominating over the projected period. Since antibiotic growth promoters are no longer allowed as feed additives, essential oils are being used as feed phytogenic in animal feed. In terms of livestock, the poultry segment will hold the largest market share in 2022 for feed phytogenics. Over the anticipated period, the size of the chicken feed phytogenic industry is expected to increase by roughly 3.6%.

1 Global Feed Phytogenics Market, by Type (2022-2029)

Essential Oils

Herbs & Spices

Oleoresins

2 Global Feed Phytogenics Market, by Livestock (2022-2029)

Swine

Ruminants

Aquatic Animals

Poultry

3 Global Feed Phytogenics Market, by Function (2022-2029)

Performance Enhancers

Palatability Enhancers

Key Players:

Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Feed Phytogenics market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Feed Phytogenics industry

1. Delacon

2. Biomin

3. Cargill

4. DuPont

5. Adisseo

6. Dostofarm

7. Phytobiotics Futterzusatzstoffe GmbH

8. Pancosma

9. A&A Pharmachem Inc.

10. Kemin Industries

11. Phytosynthese

12. Igusol

13. Indian Herbs Specialities

14. Akay Group

15. Himalay

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Regional Analysis:

The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Feed Phytogenics market in these regions.

COVID-19 Impact Analysis on Feed Phytogenics Market:

As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Feed Phytogenics market and will help you build your business in compliance with the new industry standards.

Key Questions Answered in the Feed Phytogenics Market Report are:

  • What will be the CAGR of the Feed Phytogenics market during the forecast period?
  • Which segment emerged as the leading segment in the Feed Phytogenics market?
  • Which are the prominent players in the Feed Phytogenics market?
  • What will be the Feed Phytogenics market size by 2027?
  • Which company held the largest share in the Feed Phytogenics market?

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