The Phytogenic Feed Additives market is projected to reach USD 2.14 billion by 2033, growing from USD 0.96 billion in 2023, with an expected compound annual growth rate (CAGR) of 8.67% from 2023 to 2033. Phytogenic feed additives, also known as PFAs or botanicals, are plant-derived substances incorporated into animal diets to boost performance. These additives, which include essential oils, herbs, and spices rich in bioactive compounds like phenols and flavonoids, offer benefits such as antioxidative, anti-inflammatory, antimicrobial, and digestive-enhancing effects. Common sources of phytogenics include oregano, thyme, garlic, horseradish, chili, peppermint, cinnamon, and anise. While phytogenics show potential for enhancing animal health and growth, ongoing research aims to fully validate their effectiveness, particularly as alternatives to traditional in-feed antibiotics.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Others)
By Source (Herbs & Spices, Flowers, Fruits & Vegetables, Others)
By Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Mucilage, Tannins, Bitter Substances, Pungent Substances, Others)
By Livestock (Poultry, Swine, Ruminants, Aquatic Animals, Others)
Key players
Cargill
Delacon Biotechnik
Biomin Holding
Dupont
Kemin Industries
Himalaya Wellness
Ayurvet Limited
Silvateam
Dostofarm
Synthite Industries Ltd
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