Phytogenic feed additives market is expected to reach 1.40 billion by 2027 growing at a growth rate of 9.90% in the forecast period of 2020 to 2027. The increasing popularity of natural solutions for pet food nutrition and strategic growth initiatives to enter untapped markets will create several opportunities that will led to the growth of the phytogenic feed additives market in the above mentioned period.

The growing concern regarding animal health, increasing demand for naturally produced feed additives as substitutes to in-feed antibiotics, changing opinion of consumers towards the quality of poultry products, rising technological explorations are some of the factors expected to drive the growth of the phytogenic feed additives market in the above mentioned period. Dearth of awareness about the usage of phytogenic in under-developed and emerging nations and counterfeit products in emerging economies will act as challenges to the market growth.

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The major players covered in the phytogenic feed additives market report are Cargill, Incorporated, Delacon Biotechnik GmbH, BIOMIN Holding GmbH, Bluestar Adisseo, DuPont, Synthite Industries Ltd., ABT International, British Horse Feeds, MIAVIT GmbH, Tolsa SA, Kemin Industries, Growell India, Phytobiotics Futterzusatzstoffe GmbH, and Ayurvet Limited among other domestic and global players. 

Scope of the Phytogenic Feed Additives Market Report: 

Phytogenic feed additives market is segmented on the basis of type, livestock, source, form and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of type, the phytogenic feed additives market is segmented into essential oils, flavonoids, saponins, oleoresins, and others. Others are further segmented into mucilage, tannins, bitter substances, and pungent substances.
• On the basis of livestock, the phytogenic feed additives market is segmented into poultry, swine, ruminants, aquatic animals, and others. Others are further segmented into pets and equine.
• On the basis of source, the phytogenic feed additives market is segmented into herbs spices, flowers, and fruits vegetables.
• On the basis of form, the phytogenic feed additives market is segmented into dry and liquid.
• On the basis of function, the phytogenic feed additives market is segmented into performance enhancers, antimicrobial properties, palatability enhancers, and others. Others are further segmented into phytogenic feed additives with anti-inflammatory properties and better feed conversion.

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Phytogenic Feed Additives Market Regional Analysis/Insights

The Phytogenic Feed Additives market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Phytogenic Feed Additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Phytogenic Feed Additives within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Phytogenic Feed Additives market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.