The global feed phytogenic market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. Increasing consumption of meat products, along with the benefits provided by feed phythogenic in various food ingredients is the proactive factor proliferating the market growth. Moreover, the researchers are focusing to increase the production of livestock population by adapting technological advancements strategy to meet the growing demand of consumers across the globe. For instance, in December 2022, the International Livestock Research Institute made genetic enhancement through the use of conventional selection for egg production in chicken. The use of biotechnological tools such as genomic selection may have a great impact to improve production and profitability in poultry farming.
Browse the full report description of “Feed Phytogenics Market Size, Share & Trends Analysis Report by Type (Spices and Herbs, Essential Oils, and Oleoresins) by Livestock (Swine, Poultry, Ruminants, and Others) Forecast 2022-2028” at https://www.omrglobal.com/industry-reports/feed-phytogenics-market
In addition, the market players such as Kemin Industries, Delacon, and Romer Labs are contributing to the growth of the market by adopting various strategies such as expansion, mergers, acquisitions, and partnerships to remain competitive in the global market. For instance, in October 2020, Royal DSM announced the completion of its acquisition of Erber Group’s Biomin and Romer Labs. The acquisition of Biomin further strengthens DSM’s expertise and reputation as a leading provider of animal health and nutrition solutions for farm productivity and sustainability, with an emphasis on emissions reduction, feed consumption efficiency, and better use of water and land. Moreover, Romer Labs also complements DSM’s human nutrition and health offering to customers in the food & beverage market segments. Both entities expand DSM’s range of higher value-add specialty solutions.
In addition, in January 2020, Kemin Industries launched VANNIX C4 a novel phyotgenic feed additive in North America. VANNIX C4 differs from conventional phytogenic owing to its broader benefits such as the unique formulation of tannins, phytogenic molecules, probiotics, and beta-glucans, standardized active ingredients to ensure a consistent response, tandem performance support in combination with coccidiosis vaccination. VANNIX C4 is a proprietary formulation of natural, gut-health-fortifying ingredients designed as a cost-effective solution for producers to minimize the impact of enteric challenges on poultry performance.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Livestock
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape includes- Archer Daniels Midland Co., Cargill Inc., Himalaya Food International Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Feed Phytogenic Market– Segmentation
by Type
by Livestock
Global Feed Phytogenic Market by Region
North America
• US
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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