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Phytogenetic Feed Additives Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 207

Status: Upcoming

Report Code: EMR100022

Phytogenic feed additives are plant-derived products deployed toenhance the poultry performance. Phytogenic feed additives possess antimicrobial activity, which results in anti-oxidative effects, enhanced palatability, thereby promoting growth in poultry. Phytogenic feed additives comprises of plants derivatives and herbs . Moreover, the rising health concerns make phytogenic feed additives a necessity for each and every individual involved in poultry business. In many ways, phytogenic feed additives can be much more beneficial compared to antibiotics which are infused in poultry for improving health and productivity of poultry.

The global phytogenetic feed additives market is witnessing significant growth on account of factors such as rise in demand of poultry products from consumers and increasing emphasis on improving poultry health will is expected to augment the market growth.The other factors driving the growth of phytogenic feed additives market is changing opinion of consumers towards the quality of poultry products. However, consumers are now much aware what quality of poultry food products can be beneficial for their health. Poultry farms in command to satisfy consumers and gain profit tend to switch on the way to phytogenic feed additives which do possesses the potential for improving poultry health and thus a quality product towards consumer’s end. Furthermore, fewer or less profit margin, opposition towards change for profits, lack of awareness about product benefit can be few of the restraints which can hold back the growth of phytogenic feed additives market

The market has been segmented based on product, function, livestock and region. Based on the product, the market is segmented as essential oils, herbs & spices, oleoresins, others. Based on the function, the market is segmented as palatability enhancers, performance enhancers, others. Based on livestock, the market is segmented as aquatics, poultry, swine, ruminants, equine, others. Based on region, the global Market can be divided into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand in Asia-Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, this growth is attributed torise in population which is projecting the demand for poultry products in this region for improving quality of poultry benefit and business sustainability majorly in China, India, which is also boosting the market growth. Moreover, market is projected to witness healthy growth both in Europe as these regions staple diet is mostly meat based. In addition, poultry owners across these regions are adopting phytogenic feed additives for improving poultry quality. The markets in various other developing economies such as Brazil, Russia and Korea among others are also expected to witness a rapid growth throughout the forecast period. Moreover tho this, increasing the per capita disposable income and surge in the global economy is also another key factor which is predictable to bring impetus in the growth of
Key players operating in the global market are keep close eye on some of the major market strategies such as partnerships, mergers, collaborations and acquisitions in order to keep hold in the ever competitive global market. Furthermore, they are focus on gaining hold on the general players to strengthen their goodwill as well as to enhance their market reach in the global market. Some of the major players in the global market include Biomin, Delacon Biotechnik, Pancosma SA, Danisco, British Horse Feeds, Miavit GmbH, Tolsa, S.A, A/B Technologies International, Inc.Dostofarm GmbH.
The Phytogenetic Feed Additives market has been segmented

On the basis of product
• Essential oils
• Herbs & spices
• Oleoresins
• Others

On the basis of function
• Palatability enhancers
• Performance enhancers
• Others

On the basis of livestock
• Aquatics
• Poultry
• Swine
• Ruminants
• Equine
• Others

On the basis of region
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

The Leading Key Players in Phytogenetic Feed Additives Market

Delacon Biotechnik
Pancosma SA
British Horse Feeds
Miavit GmbH
A/B Technologies International Inc.
Dostofarm GmbH