Press release
New Product Launches is Bolstering the Feed Phytogenics Market
The feed phytogenics market is anticipated to grow at a significant CAGR of 7.1% during the forecast period (2025-2035). The market growth is driven by the increasing antibiotic-free nature of phytogenics and other health-related benefits of phytogenics in animals. The global feed phytogenics market is segmented by type (spices and herbs, essential oils, and oleoresins) by livestock (swine, poultry, ruminants, and others), and by geography (North America, Europe, Asia-Pacific, and the Rest of the World).
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Market Dynamics
The oleoresins segment is expected to hold a prominent share in the market during the forecast period, owing to the rise of oleoresins among feed additives for improving the health of livestock animals.
Asia-Pacific region is expected to project the highest growth, attributed to increasing investment in livestock activity, and rising health concerns of the people, which lead to higher consumption of feed additives ingredients in the different kinds of food.
Additionally, the rising government support for sustainable animal husbandry is driving the regional market growth. For instance, according to the Department of Animal Husbandry & Dairying Report 2022, the government of India has allocated 19.00 million to Animal Husbandry Infrastructure Development Fund (AHIDF) under the Atma Nirbhar Bharat Abhiyan stimulus package.
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The major companies serving the global feed phytogenics market are Archer Daniels Midland Co., Cargill Inc., Himalaya Food International Ltd., International Flavors & Fragrances Inc., Royal DSM, Dostofarm Gmbh, DSM Austria GmbH, Igusol S.A., and others. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches. For instance, in July 2024, NUQO expanded its global reach with affiliates in Thailand, Mexico, and India.
Recent Developments
In April 2023, Kemin AquaScience™ launched the Pathorol™ for farmed shrimp health. The additive has been launched in multiple Asian countries. The photogenic-based feed additive reduces the impact of parasitic infection in shrimps and promotes hepatopancreatic health.
In January 2023, Evonik and Dr. Eckel Animal Nutrition entered into a partnership to expand the product portfolio of Evonik's Animal Nutrition business. The expansion is planned in the Gut Health Solutions area to include the photogenic product class.
In June 2022, Cargill acquired Delacon to create a leading plant-based phytogenic feed additives business for healthier animal nutrition.
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/feed-phytogenics-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Get Free Sample link @ https://www.omrglobal.com/request-sample/feed-phytogenics-market
Market Dynamics
The oleoresins segment is expected to hold a prominent share in the market during the forecast period, owing to the rise of oleoresins among feed additives for improving the health of livestock animals.
Asia-Pacific region is expected to project the highest growth, attributed to increasing investment in livestock activity, and rising health concerns of the people, which lead to higher consumption of feed additives ingredients in the different kinds of food.
Additionally, the rising government support for sustainable animal husbandry is driving the regional market growth. For instance, according to the Department of Animal Husbandry & Dairying Report 2022, the government of India has allocated 19.00 million to Animal Husbandry Infrastructure Development Fund (AHIDF) under the Atma Nirbhar Bharat Abhiyan stimulus package.
Full report of Feed Phytogenics Market available @ https://www.omrglobal.com/industry-reports/feed-phytogenics-market
The major companies serving the global feed phytogenics market are Archer Daniels Midland Co., Cargill Inc., Himalaya Food International Ltd., International Flavors & Fragrances Inc., Royal DSM, Dostofarm Gmbh, DSM Austria GmbH, Igusol S.A., and others. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches. For instance, in July 2024, NUQO expanded its global reach with affiliates in Thailand, Mexico, and India.
Recent Developments
In April 2023, Kemin AquaScience™ launched the Pathorol™ for farmed shrimp health. The additive has been launched in multiple Asian countries. The photogenic-based feed additive reduces the impact of parasitic infection in shrimps and promotes hepatopancreatic health.
In January 2023, Evonik and Dr. Eckel Animal Nutrition entered into a partnership to expand the product portfolio of Evonik's Animal Nutrition business. The expansion is planned in the Gut Health Solutions area to include the photogenic product class.
In June 2022, Cargill acquired Delacon to create a leading plant-based phytogenic feed additives business for healthier animal nutrition.
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/feed-phytogenics-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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