Global Feed Phytogenic Market

Global Feed Phytogenic Market Size, Share, Growth Analysis, By Type(Essential oils, Herbs & spices), By Livestock(Poultry, Ruminants) - Industry Forecast 2024-2031

Report ID: SQMIG30H2119 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 66 | Figures: 75

Global Feed Phytogenic Market Regional Insights

The global feed phytogenic market showcases diverse regional trends. In North America, a focus on natural feed additives for animal health is driving market growth. Europe emphasizes reducing antibiotic use in livestock through phytogenic solutions. Asia Pacific witnesses increasing adoption of phytogenics to enhance animal performance and combat disease. Latin America experiences a shift towards sustainable livestock practices, boosting demand for feed phytogenics. The Middle East and Africa region is exploring phytogenic additives to improve feed efficiency in challenging environments. These regional dynamics collectively shape the evolving landscape of the global feed phytogenic market.

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Global Feed Phytogenic Market size was valued at USD 0.86 billion in 2022 and is poised to grow from USD 0.92 billion in 2023 to USD 1.61 billion by 2031, at a CAGR of 7.2% during the forecast period (2024- 2031).

The global feed phytogenic market features intense competition among key players striving to innovate and capture market share. Established companies like Cargill, DuPont, and Delacon are leveraging their robust research capabilities and strategic partnerships to develop advanced phytogenic solutions. Meanwhile, emerging players such as BIOMIN and Nutriad are rapidly gaining traction by offering specialized formulations and expanding their distribution networks. This competitive landscape is characterized by continuous product enhancements, aggressive marketing strategies, and a focus on sustainable and natural feed additives, driving a dynamic and evolving market environment. 'Delacon Biotechnik GmbH - Austria', 'Cargill, Incorporated - USA', 'DuPont (now part of Danisco, a subsidiary of IFF) - USA', 'BIOMIN Holding GmbH - Austria', 'Pancosma (part of ADM) - Switzerland', 'A&A Pharmachem - India', 'Silvateam S.p.A. - Italy', 'Natural Remedies - India', 'Nor-Feed - France', 'Nutriad International NV (part of ADM) - Belgium', 'Phytobiotics Futterzusatzstoffe GmbH - Germany', 'Kemin Industries, Inc. - USA', 'Vinh Hoan Corporation - Vietnam', 'Amlan International (part of Oil-Dri Corporation of America) - USA', 'Dostofarm GmbH - Germany', 'Norel S.A. - Spain', 'Pestell Minerals & Ingredients Inc. - Canada', 'Silvateam S.p.A. - Italy', 'Alltech - USA', 'Phytobiotics Futterzusatzstoffe GmbH - Germany'

There has been a growing trend toward using natural and sustainable feed additives in livestock production to address consumer preferences for food safety and quality. Phytogenics, which are plant-derived compounds, are considered natural alternatives to conventional synthetic additives, and their demand has risen due to their potential benefits in improving animal performance and health.

Growing Demand for Natural Feed Additives: One of the significant trends in the feed phytogenic market is the increasing demand for natural and sustainable feed additives. Consumers are becoming more conscious of the food they consume, and this is extending to animal products. Phytogenics, derived from herbs, spices, and other natural sources, are seen as a viable alternative to synthetic additives like antibiotics and growth promoters. They are believed to improve animal health, performance, and overall product quality.

The global feed phytogenic market showcases diverse regional trends. In North America, a focus on natural feed additives for animal health is driving market growth. Europe emphasizes reducing antibiotic use in livestock through phytogenic solutions. Asia Pacific witnesses increasing adoption of phytogenics to enhance animal performance and combat disease. Latin America experiences a shift towards sustainable livestock practices, boosting demand for feed phytogenics. The Middle East and Africa region is exploring phytogenic additives to improve feed efficiency in challenging environments. These regional dynamics collectively shape the evolving landscape of the global feed phytogenic market.

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