Report Feature
Phytogenic Feed Additive Market Trends and Forecast
The future of the global phytogenic feed additive market looks promising with opportunities in market looks promising with herbs & spices, fruits & vegetables, and flowers. The global phytogenic feed additive market is expected to reach an estimated $1.1 billion by 2028 with a CAGR of 8% from 2023 to 2028. The major drivers for this market are rising prevalence of zoonotic diseases, growing need for animal digestibility enhancers, and increasing demand for high quality dairy and poultry products.
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Phytogenic Feed Additive Market by Segment
The study includes trends and forecast for the global phytogenic feed additive market by product type, livestock, function, source, and region, as follows:
Phytogenic Feed Additive Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Essential oils
- Flavonoids
- Saponins
- Oleoresins
- Others
Phytogenic Feed Additive Market by Livestock [Value ($B) Shipment Analysis from 2017 to 2028]:
- Poultry
- Broilers
- Layers
- Turkey
- Others
- Swine
- Starters
- Sows
- Growers
- Ruminants
- Dairy cattle
- Beef cattle
- Calves
- Other ruminants
- Aquatic animals
- Carp
- Salmon
- Tilapia
- Others
- Others
Phytogenic Feed Additive Market by Function [Value ($B) Shipment Analysis from 2017 to 2028]:
- Performance Enhancers
- Antimicrobial Properties
- Palatability Enhancers
- Others
Phytogenic Feed Additive Market by Source [Value ($B) Shipment Analysis from 2017 to 2028]:
- Herbs & Spices
- Fruits & Vegetables
- Flowers
Phytogenic Feed Additive Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Phytogenic Feed Additive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, phytogenic feed additive companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the phytogenic feed additive companies profiled in this report include-
- Cargill
- ADM
- DuPont
- DSM N.V.
- Land O’ Lakes
- Adisseo
- Nutreco
- Kemin Industries
- Natural Remedies
- Nor Feed
Phytogenic Feed Additive Market Insights
- Lucintel forecasts that poultry will remain the largest livestock segment over the forecast period due to presence of large numbers of birds raised in relatively small spaces and increasing demand for egg and poultry meat.
- The fruit & vegetable segment is expected to witness the highest growth as fruits and vegetables are primarily used in phytogenic feed additive for extracting essential oils, flavonoids and saponins, which are considered an excellent source for phytogenic additive.
- Europe will remain the largest region due to the increasing livestock production, rise in awareness regarding health and wellness of livestock and ban on the use of AGP in the region.
Features of the Phytogenic Feed Additive Market
- Market Size Estimates: Phytogenic feed additive market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Phytogenic feed additive market size by various segments, such as by product type, livestock, function, source, and region
- Regional Analysis: Phytogenic feed additive market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by product type, livestock, function, source, and regions for the phytogenic feed additive market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the phytogenic feed additive market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the phytogenic feed additive market size?
Answer: The global phytogenic feed additive market is expected to reach an estimated $1.1 billion by 2028.
Q2. What is the growth forecast for phytogenic feed additive market?
Answer: The global phytogenic feed additive market is expected to grow with a CAGR of 8% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the phytogenic feed additive market?
Answer: The major drivers for this market are rising prevalence of zoonotic diseases, growing need for animal digestibility enhancers, and increasing demand for high quality dairy and poultry products.
.Q4. What are the major segments for phytogenic feed additive market?
Answer: The future of the phytogenic feed additive market looks promising with opportunities in various sources, such as herbs & spices, fruits & vegetables, and flowers.
Q5. Who are the key phytogenic feed additive companies?
Answer: Some of the key phytogenic feed additive companies are as follows:
Answer: The global phytogenic feed additive market is expected to reach an estimated $1.1 billion by 2028.
Q2. What is the growth forecast for phytogenic feed additive market?
Answer: The global phytogenic feed additive market is expected to grow with a CAGR of 8% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the phytogenic feed additive market?
Answer: The major drivers for this market are rising prevalence of zoonotic diseases, growing need for animal digestibility enhancers, and increasing demand for high quality dairy and poultry products.
.Q4. What are the major segments for phytogenic feed additive market?
Answer: The future of the phytogenic feed additive market looks promising with opportunities in various sources, such as herbs & spices, fruits & vegetables, and flowers.
Q5. Who are the key phytogenic feed additive companies?
Answer: Some of the key phytogenic feed additive companies are as follows:
- Cargill
- ADM
- DuPont
- DSM N.V.
- Land O’ Lakes
- Adisseo
- Nutreco
- Kemin Industries
- Natural Remedies
- Nor Feed
Q6. Which phytogenic feed additive segment will be the largest in future?
Answer: Lucintel forecasts that poultry will remain the largest livestock segment over the forecast period due to presence of large numbers of birds raised in relatively small spaces and increasing demand for egg and poultry meat.
Q7. In phytogenic feed additive market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region due to the increasing livestock production, rise in awareness regarding health and wellness of livestock, and ban on the use of AGP in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that poultry will remain the largest livestock segment over the forecast period due to presence of large numbers of birds raised in relatively small spaces and increasing demand for egg and poultry meat.
Q7. In phytogenic feed additive market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region due to the increasing livestock production, rise in awareness regarding health and wellness of livestock, and ban on the use of AGP in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
