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.
Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162036047
Browse the in-depth table of contents at “Phytogenic Food Additives Market”
261 – Tables
46 – Numbers
252 – Pages
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.
Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=162036047
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).
Get 10% free customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=162036047
Cycle through adjacent reports: Agriculture industry market Research reports and advice
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
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.
Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Engagement Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators, Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.
MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
UNITED STATES: +1-888-600-6441
E-mail: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/feed-phytogenic-market.asp
Visit our website: https://www.marketsandmarkets.com/
Source of content: https://www.marketsandmarkets.com/PressReleases/feed-phytogenic.asp
SOURCE Markets and Markets