Feed phytogenics market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. With the increasing antibiotic-free nature of phytogenics and other health-related benefits of phytogenics in animals, the feed phytogenics industry is expected to gain traction during the forecast period. Phytogenics are non-antibiotic feed addictive ingredients produced from plants that are added to cattle feed. An increasing concern associated with the side effects of prolonged chemical feed additives, feed phytogenic is considered an alternative source of nutrition, along with the increasing growth of the livestock industry is expected to fuel the growth of the global feed phytogenic market. According to Economic Research Service.org, agriculture, food, and related industries contributed $1.055 trillion to the US gross domestic product (GDP) in 2020, a 5.0% share. The output of America’s farms contributed $134.7 billion to this sum.
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Moreover, the feed phytogenic has the potential antimicrobial properties other than providing anti-oxidative effects, and consumption of phytogenic in feed results in a decline in the frequency of thin bowels in animals, and an upgrade in feed proficiency. Thus, the rising key developments and new product launches by the major market players such as Cargill, ADM, and DuPont Inc. will further aid in the market growth. For instance, in June 2022, Cargill signed a binding agreement to acquire Delacon, to leverage its global network and expertise in animal nutrition technologies in phytogenic feed additives.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Feed PhytogenicsMarket by Type
- Spices and herbs
- Essential oils
- Oleoresins
Global Feed Phytogenics Market by Livestock
- Swine
- Poultry
- Ruminants
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- A&A Pharmachem Inc.
- Adisseo France SAS
- Delacon Biotechnik GmbH
- Dostofarm Gmbh
- DSM Austria GmbH
- Igusol S.A.
- Kemin
- Natural Remedies Pvt Ltd.
- Nor-Feed A/S
- Nutrex
- Phytobiotics Futterzusatzstoffe GmbH
- Phytosynthese
- Royal DSM
- Synthite Industries Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global feed phytogenics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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