Phytogenic Food Additives Market Worth $1,223 Million by 2027

CHICAGO, September 2, 2022 /PRNewswire/ — The Phytogenic Food Additives Market is estimated at $864 million in 2022. It should reach $1,223 million by 2027, with a CAGR of 7.2%, in terms of value between 2022 and 2027, according to a new report from MarketsandMarkets™. Reasons driving the growth of the phytogenic feed additives market is the growing demand for natural additives to improve livestock performance. Phytogenic feed products improve the nutritional profile of feed products and also improve their palatability due to which they are in great demand in the animal feed industry.

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Essential oils account for the largest market share in the phytogenic feed additives market

Based on type, essential oils account for the dominant share of the phytogenic feed additives market. Due to the recent global awareness of natural ingredients and products, essential oils being a plant source have been able to gain traction in the industry as a natural ingredient. It also offers various desirable characteristics such as improving food intake, maintaining gut health, supporting healthy digestion as well as possessing powerful antioxidant and anti-inflammatory properties that can significantly contribute to their demand during the forecast period.

The poultry segment is expected to account for the largest market share in the phytogenic feed additives market

Based on livestock, the poultry segment is expected to account for the largest market share in the phytogenic feed additives market. Some of the reasons driving the growth of this category are the increasing use of phytogenic feed additives in poultry for building muscle, improving laying ability and supporting overall development. Rising awareness about animal health and the benefits of phytogenic feed additives in animal feeds has contributed significantly to the growth of this market for poultry.

The herbs and spices segment is expected to maintain its position as the dominant segment in the phytogenic feed additives market over the forecast period

Based on the sources, the herbs and spices segment is expected to maintain its position as the dominant segment during the forecast period. Herbs and spices have a range of medicinal properties and flavors that promote healthy digestion in livestock and act as antioxidants, antimicrobials and antioxidants as well as possessing anti-inflammatory properties. These desirable characteristics are likely to continue to contribute strongly to the growth of the herbs and spices market as the demand for natural ingredients continues to gain momentum in the industry during the forecast period.

The liquid segment is expected to be the second dominant market in the phytogenic feed additives market

Based on form, the liquid segment is expected to retain its second position in the phytogenic feed additives market. Phytogenic liquid feed additives provide many desirable characteristics such as decreased feed wastage and increased consumption and find many applications in poultry and ruminant diets which contribute significantly to their demand and growth of the market.

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Asia Pacific is expected to be the largest market for phytogenic feed additives market over the forecast period

Based on the region, Asia Pacific The region is expected to be the largest market for the phytogenic feed additives industry over the forecast period. This growth of the phytogenic feed additives industry in the region is supported by an increasing number of feed mills and animal feed production. The region also includes countries such as China, India, Japan, Thailand and Vietnam which have a large livestock population due to which the demand for phytogenic feed additives has also seen a significant increase in recent years as awareness of the use of natural additives and the need for proper nutrition has increased In the region.

This report includes a study on marketing and development strategies, as well as product portfolios of leading companies. It consists of profiles of leading companies, such as Cargill (USA), ADM (USA)DuPont (USA), DSM NV (Netherlands), Land O’ Lakes (United States), Adisseo (France), Nutreco (Netherlands), Kemin Industries (USA), Natural Remedies (India), and neither power supply (France).

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Animal Growth Promoters and Performance Enhancers Market by type (antibiotic and non-antibiotic (hormones, acidifiers, food enzymes, probiotics and prebiotics, phytogen)), type of animal (poultry, pork, livestock, aquaculture) – Global forecast to 2026

essential oil market by Type (Orange, Lemon, Lime, Peppermint, Lemongrass and Others), Application (Food & Beverage, Cosmetics & Toiletries, Aromatherapy, Home Care, Healthcare), Extraction Method and Region – Global Forecast until 2026

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