Phytogenic Feed Additives Market Scope
Phytogenic Feed Additives are the plant-driven product which is used in feeding and potentially improving poultry performance. Apart from having antimicrobial motion, these provide anti-oxidative effects and promote growth in poultry. It comprises of both herbs and plants derivatives. Increasing awareness regarding health concerns make phytogenic feed additives an important choice for each and every individual involve in the poultry business. With the rise in demand for poultry products from consumers coupled with improving poultry health will drive the market for phytogenic feed additives.
The market study is being classified by Type (Essential Oils, Herbs & Spices, Oleoresins, Mucilage, Echinacea and Others), by Application (Poultry, Swine, Ruminant, Aquatic, Equine and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Phytogenic Feed Additives market throughout the predicted period.
Delacon (Austria), Biomin (Austria), Cargill (United States), DuPont (United States), Adisseo (China), Dostofarm (Germany), Phytobiotics Futterzusatzstoffe GmbH (Germany), Pancosma (Switzerland), A&A Pharmachem Inc. (Canada) and Kemin Industries (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Phytogenic Feed Additives market by Type, Application and Region.
On the basis of geography, the market of Phytogenic Feed Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function Type, the sub-segment i.e. Performance Enhancers will boost the Phytogenic Feed Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Flexible Packaging [Pouches, Bags] will boost the Phytogenic Feed Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use Type, the sub-segment i.e. Poultry owners will boost the Phytogenic Feed Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Advancements in the Feed Industry
- Increased Demand for Livestock Products
- Rising Awareness about Animal Health & Feed Quality
- Ban on Antibiotics as Growth Promoters
- Health Benefits of Phytogenics as an Additive
- Increasing Focus on Untapped and Emerging Markets
- High Cost of Natural Feed Additives
- Complex Composition of Phytogenic Compounds
- Low Awareness about the Usage of Phytogenics in the Feed Industry
- Lack of Awareness about Product Benefit
Key Target AudienceFeed manufacturers, Feed product distributors, Essential oil manufacturers and vendors, Herb & spice suppliers, Feed additive manufacturers, R&D institutes and Regulatory bodies & government agencies
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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