New York, According to a new market research report published by Global Insight Services “Phytogenic Feed Additives Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Phytogenic feed additives (PFAs) are a group of natural compounds that can be used to improve the health and performance of livestock. PFAs are derived from plants and are known to have antimicrobial, antioxidant, and anti-inflammatory properties. They can be used to improve gut health, promote feed efficiency, and improve animal welfare.
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Key Trends
There are several key trends in the development of PFA technology.
First, there is a trend toward the use of more purified and standardized products. This is driven by the need for greater efficacy and safety, as well as regulatory requirements.
Second, there is a trend toward the use of combinations of PFAs, rather than single compounds. This is due to the fact that PFAs often act synergistically to produce greater effects than any one compound alone.
Finally, there is a trend toward the use of novel delivery systems for PFAs. This is necessary to improve the stability, bioavailability, and safety of these products.
Key Drivers
The key drivers of the Phytogenic Feed Additives market are the increasing demand for natural and organic products, the growing awareness of the benefits of phytogenic feed additives, and the stringent regulations regarding the use of antibiotics in livestock feed.
The demand for natural and organic products is increasing due to the growing awareness of the health benefits of these products. The use of phytogenic feed additives is seen as a more natural and organic alternative to the use of antibiotics in livestock feed.
The growing awareness of the benefits of phytogenic feed additives is driving the demand for these products. The stringent regulations regarding the use of antibiotics in livestock feed are also driving the demand for phytogenic feed additives.
Market Segments
The phytogenic feed additives market is segmented by type, source, form, and region. By type, the market is classified into essential oils, flavonoids, and others. Based on the source, it is bifurcated into herbs, spices, and others. On the basis of form, it is divided into liquid, and dry. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The phytogenic feed additives market includes players such as Cargill, ADM, DuPont, DSM N.V., Land O’ Lakes, Adisseo, Nutreco, Kemin Industries, Natural Remedies, Nor Feed, and others.
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Reasons to buy Phytogenic Feed Additives Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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