The published report on the global Phytogenic Feed Additives Market offers a comprehensive analysis of the industry, providing a panoramic overview that includes market size, market share, revenue growth, opportunities, drivers, and restraints. The Phytogenic Feed Additives Market aims to furnish readers, stakeholders, and investors with essential real-time information about market developments and advancements, enabling them to capitalize on emerging opportunities. The report covers regional analysis and the competitive landscape to present a clear picture of market growth. It delves into development policies, plans, manufacturing processes, and cost structures, providing valuable insights for industry players and decision-makers.
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The global phytogenic feed additives market size was USD 754 Million in 2020 and is expected to register a CAGR of 7.7% during the forecast period. Growing restriction on the use of AGP or antibiotic growth promoter in animals is propelling the industry. Herbs and Plant Extracts added in livestock feed is known as phytogenic feed additive (also called botanicals or phytobiotics). These are defined as compounds synthesized from plants and incorporated into animal feed for enhancing animal productivity through the absorption of nutrient, improvement of digestibility, and removal of pathogens from the animal digestive tract. Moreover, to enhance production performance and quality of animal-derived foods, these additives are added into animal diets. The variety of plant compounds utilized as phytogenic feed additives are assembled on the basis of their origin as well as treatment, including different herbs and spices like anise, garlic, cinnamon, oregano, coriander, chili, rosemary, pepper, and thyme, and also oleoresins or Essential Oils. Another type of compounds is extracted from various fruits. They are mostly known as water soluble flavonoids (polyphenols), used in livestock feed.
Top Companies: BIOMIN Holding GmbH (Austria), Delacon Biotechnik GmbH (Austria), Cargill, Incorporated (US), DuPont (US), Bluestar Adisseo Co., Ltd. (China), and Natural Remedies (India).
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Phytogenic Feed Additives is expected to rise in the coming years.
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Regional Outlook
For comprehensive understanding of market dynamics, the global Phytogenic Feed Additives Market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Phytogenic Feed Additives Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Phytogenic Feed Additives Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Phytogenic Feed Additives Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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