The GMI Research speculates an aggravating demand in the Phytogenic Feed Additives Market over the forecast period. This is because of the rising constraints on the usage of antibiotics in animal feed, expansion in the production of poultry meat, and the growing need to enhance the performance of livestock. 

Introduction of the Phytogenic Feed Additives Market 

Phytogenic feed additives refer to the substances procured from plants employed in feed to enhance livestock performance. The antioxidant effect imparted by these feed additives helps enhance gut health, taste and supports livestock growth. These additives are manufactured from flowers, medicinal plants, herbs & species, and fruits and vegetables. 

Key Players of Market:

  • Delacon Biotechnik GmbH
  • Cargill, Incorporated
  • Synthite Industries Ltd.
  • BIOMIN Holding GmbH
  • DowDuPont
  • Kemin Industries, Inc.
  • Dostofarm GmbH
  • Bluestar Adisseo Co., Ltd.
  • Phytobiotics Futterzusatzstoffe GmbH
  • Silvateam S.P.A

Phytogenic Feed Additives Market Dynamics

The augmenting demand for organic feed additives, increasing implementation of abridged technology to ameliorate the effectiveness of phytogenic additives, and the growing prominence of unprocessed solutions to nourish pets are the driving factors of the global phytogenic feed additives market. Also, the surging agitation towards animal health has stimulated the need among livestock fabricators to feed quality products, which is another factor propelling the market growth. For example, the widespread coronavirus crisis had somewhat influenced the growth of the global phytogenic feed additives market. The international constraints imposed on trade, insufficient accessibility of labour, and the shrinkage in consumption of livestock products are expected to have a momentary influence on the Phytogenic Feed Additives market growth.

Besides this, the spurring apprehension towards the consumption of livestock products led by the outburst of coronavirus persuaded the major market players to switch to natural and unprocessed substitutes in the feed industry. Thus, this drastic change in the preferences of leading players has proffered enormous growth opportunities for the market. On the other hand, the inflated cost of vital ingredients used in the additives is restraining the Phytogenic Feed Additives market growth

Type Segment Drivers

The essential oils segment is contemplated to perceive a faster growth during the forecast period. The increasing inclination towards necessary oils by the major manufacturers and producers of animal feed is driving the market growth. Further, the intensified acquisition of essential oils to support healthy digestion and enhance gut health in poultry has further contributed to the market growth.

Source Segment Drivers

Based on source, herbs & spices are anticipated to expand at a faster compound annual growth rate over the forecast period. This is attributed to the increasing application of these sources to extricate feed additives. Also, the anti-inflammatory features and improved digestion of livestock offered by herbs and species are supporting the market growth.

Form Segment Drivers

In accordance with the form segment, the liquid will bolster at a faster rate over the coming years. The excessive usage of liquid feed additives in cogitative and poultry diets, as well as the escalating usage and consumption of feed by animals, are stimulating the market growth. 

Phytogenic Feed Additives Market Segmentation:

Segmentation by Type
  • Essential Oils
  • Flavonoids
  • Saponins
  • Oleoresins
  • Others
Segmentation by Livestock
  • Poultry
  • Swine
  • Ruminants
  • Aquatic Animals
  • Others
Segmentation by Source
  • Herbs & Spices
  • Flowers
  • Fruits & Vegetables
Segmentation by Form
  • Liquid
  • Dry
Segmentation by Function
  • Performance Enhancers
  • Antimicrobial Properties
  • Palatability Enhancers
  • Others
Segmentation by Region:
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • RoW
    • UAE 
    • Brazil
    • South Africa
    • Saudi Arabia

About GMI Research

The market research and consulting organisation providing business perceptions and research reports to several enterprises is established with the prime motive to help clients achieve a long-term growth. The large team of analysts and experts from different regions offers a one-stop solution to support them in reaching a managerial decision. The research reports of GMI proffer a comprehensive analysis about forecasts, competitive landscape, growth drivers, and other market dynamics.

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