Phytogenic Feed Additives Market Leading Player 2022-28
The global phytogenic feed additives market size was valued at USD 810.21 billion in 2021 and is poised to grow at a significant CAGR of 9.5 % during the forecast period 2022-28 Plant-derived natural growth accelerators or non-antibiotic growth promoters, generated from herbs and spices, fruits and vegetables, or flowers, are utilised as feed additives. Essential oils, saponins, flavonoids, oleoresins, mucilage, tannins, pungent chemicals, and bitter substances are among the phytogenic feed additives covered in the report.
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Maintaining a healthy gut environment is essential for optimal animal performance. Antibiotic growth promoters, also known as AGPs, have long been used to keep a healthy gut environment and thus improve animal performance. The ban on AGP compounds in poultry diets in Europe, on the other hand, has put pressure on livestock producers to come up with viable replacements that may improve animal performance, maintain their health, and retain profit margins. Phytogenic feed additives, or PFA, have recently attracted a lot of attention due to their capacity to boost animal performance. PFA's essential oils, which contain the majority of the plant's beneficial compounds, have proven increasingly important for improving growth performance, digestive health, and nutrient absorption, particularly in chicken species. The industry's demand is being fueled by such extensive benefits. Furthermore, bioactive molecules present in phytogenic feed additives such as cineole, thymol, carvacrol, capsaicin, and others are responsible for a wide range of beneficial properties. PFA's features primarily position them as reasonable options to antibiotic growth promoters. This element is boosting demand in the industry even more. Furthermore, the principal mode of action of PFA is to suppress possible infections in animals while also beneficially modifying the intestinal flora. Global meat output has increased at an exponential rate in recent decades. Given the constant growth in urbanisation and population, this trend is anticipated to continue in the future years.
The global phytogenic feed additives market segmentation:
1) By Type: Essential Oils, Herbs and Spices, and Oleoresins.
2) Livestock (Ruminants, Swine, Equine, Poultry, Canine, Feline, Aquatics.
3) Function: Performance Enhancers and Palatability Enhancers.
In terms of value, the Asia Pacific region had the greatest industry share in 2019. The existence of livestock and their rate of increase are the primary drivers of the business in APAC. Furthermore, the expanding number of feed mills and producers, particularly in developing countries, is boosting the business in this region.
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There are several industry players working in the Phytogenic Feed Additives Market, which include I. du Pont de Nemours and Company (U.S.) Cargill, Incorporated. (U.S.) Phytosynthese (France) Kemin Industries, Inc. (U.S.) BIOMIN Holding GmbH (Austria.) Delacon Biotechnik GmbH (Austria)
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