Phytogenic Feed Additives Market Grows with Rising Demand for...

Phytogenic Feed Additives Market Grows with Rising Demand for Sustainable Animal Feed Ingredients

Posted 2024-11-19 21:00:04

"Phytogenic Feed Additives Market Size And Forecast by 2031

The global phytogenic feed additives market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 9.2% in the forecast period of 2023 to 2030 and is expected to reach USD 1,744.34 million by 2030.

Phytogenic Feed Additives Market research report provides a comprehensive analysis of the market. The report aims to provide insights into Phytogenic Feed Additives Market trends, growth opportunities, key drivers and challenges, competitive landscape, and other crucial factors that may impact the market in the forecast period (2024-2031).

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Which are the top companies operating in the Phytogenic Feed Additives Market?

The study report on the Global Phytogenic Feed Additives Market offers a comprehensive analysis of the industry, highlighting key trends, market dynamics, and competitive landscape. It profiles prominent organizations operating in the market, examining their successful strategies and market share contributions. This Phytogenic Feed Additives Market report provides the information of the Top 10 Companies in Phytogenic Feed Additives Market in the market their business strategy, financial situation etc.

**Segments**

- **Type**: The phytogenic feed additives market can be segmented based on type into essential oils, herbs & spices, oleoresins, and others. Essential oils are anticipated to gain significant traction due to their various benefits, such as improving animal health and performance.

- **Livestock**: Segmentation by livestock includes poultry, swine, ruminants, aquatic animals, and others. Poultry segment is expected to dominate the market owing to the rising demand for poultry products globally.

- **Function**: Based on function, the market can be categorized into palatability enhancers, performance enhancers, and others. With the increasing focus on animal nutrition and health, performance enhancers are likely to witness substantial growth.

**Market Players**

- **Delacon Biotechnik GmbH**: Delacon is a key player in the phytogenic feed additives market, offering a wide range of products for various livestock categories. The company focuses on innovation and sustainability to meet the evolving market demands.

- **Nutraferma**: Nutraferma specializes in providing phytogenic feed additives that enhance animal performance and overall health. The company's commitment to quality and research-driven products positions it as a significant player in the market.

- **BIOMIN**: BIOMIN is known for its advanced solutions in animal nutrition, including phytogenic feed additives. The company's strong focus on harnessing natural ingredients for animal well-being has garnered it a prominent position in the market.

The global phytogenic feed additives market is witnessing growth opportunities driven by the increasing preference for natural feed additives to improve animal health and productivity. Essential oils, particularly, are gaining traction for their positive impact on livestock performance. With the poultry segment dominating the market, companies like Delacon Biotechnik GmbH, Nutraferma, and BIOMIN are playing vital roles in offering innovative solutions. As the market continues to evolve, research and development, along with sustainable practices, willThe phytogenic feed additives market is experiencing significant growth globally, driven by the increasing preference for natural additives to enhance animal health and performance. Essential oils, a key segment within the market, are particularly gaining traction due to their various benefits in improving animal health and overall productivity. These oils are known for their antimicrobial, antioxidant, and anti-inflammatory properties, which contribute to better digestion, immunity, and overall well-being of livestock.

In terms of livestock segmentation, the poultry segment is expected to dominate the market due to the rising demand for poultry products worldwide. Poultry producers are increasingly focusing on improving the quality and safety of poultry products, thus driving the demand for phytogenic feed additives to enhance growth rates, feed efficiency, and disease resistance in poultry. Additionally, the swine and ruminants segments are also witnessing growth, as farmers and producers seek natural alternatives to traditional feed additives for better animal welfare and sustainable practices.

When it comes to the function of phytogenic feed additives, performance enhancers are expected to witness substantial growth in the market. With a growing emphasis on animal nutrition and health, producers are increasingly turning to performance enhancers to optimize feed conversion ratios, promote growth, and enhance overall performance in livestock. Palatability enhancers are also gaining importance as they improve the taste and acceptance of feed, leading to better feed intake and digestion in animals.

Key players in the phytogenic feed additives market, such as Delacon Biotechnik GmbH, Nutraferma, and BIOMIN, are driving innovation and sustainability in product development to meet the evolving market demands. These companies are investing in research and development to create advanced solutions in animal nutrition, leveraging natural ingredients to enhance animal well-being and productivity. Delacon, for instance, offers a wide range of products tailored to different livestock categories, while Nutraferma specializes in research-driven additives that improve animal performance. BIOMIN stands out for its focus on natural solutions in animal nutrition, positioning itself as a prominent player**Market Players**

- Cargill, Incorporated
- DSM
- Kemin Industries, Inc.
- ADM
- Nutreco
- Natural Remedies
- Himalaya Wellness Company
- Vinayak Ingredients. India
- Silvateam S.p.a.
- Phytobiotics Futterzusatzstoffe GmbH
- Tegasa
- MIAVIT GMBH
- Indian Herbs
- Customer DOSTOFARM GmbH
- British Horse Feeds
- Orffa
- Igusol
- Glamac International Private Limited
- Nor-Feed

The global phytogenic feed additives market is currently experiencing significant growth opportunities driven by the increasing preference for natural additives to enhance animal health and productivity. Essential oils, a key segment within the market, are gaining traction due to their benefits in improving animal health and overall productivity. These oils are known for their antimicrobial, antioxidant, and anti-inflammatory properties, contributing to better digestion, immunity, and overall well-being of livestock. With the poultry segment dominating the market, companies like Delacon Biotechnik GmbH, Nutraferma, and BIOMIN are pivotal in offering innovative solutions in light of this growing demand.

In terms of livestock segmentation, the poultry segment is expected to continue its dominance in the phytogenic feed additives market due to the increasing global demand for poultry products. Poultry producers are actively seeking ways to improve the quality and safety of poultry products, thus driving

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Regional Analysis For Phytogenic Feed Additives Market

North America (the 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, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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This report provides Global Phytogenic Feed Additives Market :

An in-depth overview of the global market for
Phytogenic Feed Additives Market Assessment of the global industry trends, historical data from 2015, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
Discoveries of new market prospects and targeted marketing methodologies for Global Phytogenic Feed Additives Market
Discussion of R&D, and the demand for new products launches and applications.
Wide-ranging company profiles of leading participants in the industry.
The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
The growth in patient epidemiology and market revenue for the market globally and across the key players and Phytogenic Feed Additives Market segments.
Study the market in terms of generic and premium product revenue.
Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.

Understanding market trends and industry insights at a regional level is essential for effective decision-making. Our reports are available in multiple regional languages to cater to diverse audiences. These localized reports provide in-depth analyses tailored to specific regions, ensuring businesses and stakeholders can access accurate and relevant information. By offering insights in local languages, we aim to bridge communication gaps and empower regional markets with the knowledge they need to grow and thrive. Explore our reports in your preferred language for a more personalized understanding of industry dynamics.

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