Global Phytogenic Feed Additives Market to reach USD 1.27 billion by 2027.Global Phytogenic Feed Additives Market is valued at approximately USD 0.75 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2021-2027. Natural growth promoters generated from spices, herbs, and other plants are known as phytogenics. They have antibacterial, antiviral, and antioxidative activities, resulting in fewer harmful microorganisms and a more balanced gut flora. Growth in the animal feed sector is likely to have a favourable impact on the market throughout the forecast period, owing to rising meat demand and increased investment on breed maintenance. The market is likely to benefit from increased phytogenic fortification in bovine feed as a means of increasing flavour and inducing high feed intake for growth and reproductive performance. An increasing number of livestock producers are requesting greater feed conversion ratios and antibiotic-free additives, which is driving demand for botany-based feed additives. Worldwide feed output climbed from 871 million metric tonnes in 2011 to 1103 million metric tonnes in 2018, according to the Alltech Global Feed Survey study published in 2019. The need for high-quality meat and dairy products among health-conscious consumers, as well as the growing popularity of natural ingredients in pet food, are driving companies to tap into the phytogenic industry's untapped earnings. The global demand for large quantities of feed and feed additives has resulted in extensive supply chains. Increasing agricultural productivity in Latin American nations such as Brazil, Mexico, Costa Rica, and Ecuador as a result of agroecology technology deployment is predicted to assure raw material access and open new prospects for phytogenic market players over the forecast period. Brazil's legislative support targeted at improving beef production output is projected to encourage cow ranching on the domestic level, as well as market expansion. However, high cost of active ingredients used in phytogenic feed additives may impede market growth over the forecast period of 2021-2027.

The regional analysis of the Global Phytogenic Feed Additives Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Asia Pacific is the leading region across the world in terms of market share due to rising domestic meat production in India and China is expected to increase farming for cattle, poultry, and swine species in the region. Whereas Europe is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rising demand for livestock products across the region.

Major market player included in this report are:

Cargill Incorporated
Delacon Biotechnik GmbH
BIOMIN Holding GmbH
Bluestar Adisseo Co., Ltd.
DuPont
Natural Remedies
Synthite Industries Ltd.
Adisseo
Phytobiotics Futterzusatzstoffe GmbH
Vetsfarma Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Essential oils
Flavonoids
Saponins
Oleoresins
Others
By Livestock:
Poultry
Swine
Ruminants
Aquatic animals
Others
By Source:
Herbs & spices
Flowers
Fruits & vegetables
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018,2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Phytogenic Feed Additives Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors