Phytogenic Poultry Feed Additives Market : Top Key Players, Production Capacity Estimates, Competitive Strategy Analysis 2024-2030
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Explore Further Details about This Research Phytogenic Poultry Feed Additives Market Report https://www.databridgemarketresearch.com/reports/global-phytogenic-poultry-feed-additives-market
Phytogenics have several properties, such as antioxidative, anti-microbial, anti-inflammatory, and digestion-enhancement, which are beneficial in modern livestock manufacture. The growing demand for high-quality meat, especially in developing economies, is expected to boost the phytogenic poultry feed additives market. This boost will expected be driven by the augmented demand for the livestock production.
Data Bridge Market Research analyses that the phytogenic poultry feed additives market was valued at USD 811.73 million in 2021 and is expected to reach USD 1480.35 million by 2029, registering a CAGR of 7.80% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Phytogenic Poultry Feed Additives Market Scope and Segmentation
REPORT METRIC
DETAILS
Forecast Period
2022 - 2029
Base Year
2021
Historic Years
2020 (Customizable to 2014 - 2019)
Quantitative Units
Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered
Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Others), Source (Herbs and Spices, Flowers, Fruits and Vegetables), Form (Liquid, Dry), Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Others), Packaging (Flexible, Rigid, Others), Application (Feed Intake and Digestibility, Flavoring and Aroma, Others)
Countries Covered
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Delacon Biotechnik GmbH (Austria), Nutricare (India), DUPONT(U.S.), Natural Remedies (India), DSM (Austria), LAND O’ LAKES Inc, (U.S.), Natura Feed Ingredients (Turkey), Natural Herbs & Formulations (India), Dostofarm GmbH (Germany), Ayurvet (India), Phytobiotics Futterzusatzstoffe GmbH (Germany), Synthite Industries Ltd (India)., Nor-Feed (France), Pancosma (Switzerland), Silvateam S.p.A. (Italy), Adisseo (China), and IGUSOL S.A. (Spain)
Market Opportunities
Rise in demand for additives in poultry and swine feed and pet food
Higher application of natural products in livestock diet
Market Definition
Phytogenic feed additives are also known as phytobiotics. Phytogenic feed additives are a group of natural growth promoters and non-antibiotic growth promoters used as feed additives. Essential oils are the concentrated type of phytogenics, which comprise the most vital components of plants. Various feed additives and growth promoters are used to improve health of animal on broad scale. Feed additives and growth promoting agents contain Vitamins and Minerals, herbs, prebiotics, probiotics, Synbiotics, Panchgavya, betaine and Carnitine
Global Phytogenic Poultry Feed Additives Market Dynamics
Drivers
Advantages of phytogenic poultry feed additives
Phytogenic feed additives are widely used in poultry feed to laying capacity, improve muscle growth and overall growth of the poultry birds. Their applications have further shown an increase since the ban imposed on the antibiotic growth promoters in the poultry segment. The rising applications of phytogenic poultry feed additives in the poultry segment is expected to witness fastest growth among all other livestock species in phytogenic poultry feed additives market.
Growing production of animal feed
The growing feed production is expected to drive the growth of the phytogenic poultry feed additives market due to the performance, accelerated efficiency and health-induced benefits of phytogenics in animals. The demand for an improved antibiotic-free additives and feed conversion ratio from a increasing number of livestock producers is further generating the demand for botany-based feed additives.
Moreover, increasing demand for naturally formed feed additives as substitutes to in-feed antibiotics is expected to boost the market's growth rate. The encapsulated technology improves the efficiency of phytogenic feed additives, availability of substitutes to antibiotics and shifting opinion of consumers towards the quality of poultry products are some of the major factors that are expected to act as major growth drivers for the growth of the phytogenic poultry feed additives market during forecast period of 2022 to 2029.
Influence of the Phytogenic Poultry Feed Additives Market Report:
Comprehensive assessment of all opportunities and risk in the Phytogenic Poultry Feed Additives Market
Lead Phytogenic Poultry Feed Additives Market recent innovations and major events
Detailed study of business strategies for growth of the Phytogenic Poultry Feed Additives Market market-leading players
Conclusive study about the growth plot of Phytogenic Poultry Feed Additives Market for forthcoming years
In-depth understanding of Phytogenic Poultry Feed Additives Market -particular drivers, constraints and major micro markets
Favourable impression inside vital technological and Phytogenic Poultry Feed Additives Market latest trends striking the Phytogenic Poultry Feed Additives Market
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