According to the research report titled ‘Global Phytogenic Feed Additives Market Size study, by Type (Essential oils, Flavonoids, Saponins, Oleoresins, Others), by Livestock (Poultry, Swine, Ruminants, Aquatic animals, Others), by Source (Herbs & spices, Flowers, Fruits & vegetables) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global phytogenic feed additives market was worth USD 0.75 billion in 2020 and is anticipated to showcase a CAGR of 7.8% during 2021-2027 to reach a valuation of USD 1.27 billion by 2027.
 

Rising meat consumption, greater investment in breed maintenance, and growing animal feed sector will propel the global phytogenic feed additives market expansion.
 

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4219602/
 

It is to be noted that phytogenics are natural growth boosters derived from spices, herbs, and other plants. They offer antibacterial, antiviral, and antioxidative properties, which means fewer dangerous bacteria and a more balanced gut flora.
 

Increased phytogenic fortification in bovine feed for boosting flavor and inducing high feed intake for improved growth and reproductive performance will stimulate the industry outlook.
 

Also, antibiotic-free additives and better feed conversion ratios are being requested by a growing number of livestock producers, which is bolstering the demand for botany-based feed additives. According to the Alltech Global Feed Survey report published in 2019, global feed output increased from 871 million metric tons in 2011 to 1103 million metric tons in 2018.
 

Moreover, the growing popularity of natural ingredients in pet food, as well as the demand for surperior quality meat and dairy products from health-conscious consumers are encouraging enterprises to tap into the unexplored prospects in phytogenic feed additives industry.
 

However, high cost of active chemicals employed in phytogenic feed additives may stifle market growth over the forecast period of 2021-2027.
 

On the basis of type, the market is divided into saponins, flavonoids, oleoresins, essential oils, and others, In terms of livestock, the industry is branched into poultry, aquatic animals, ruminants, swine, and others. By source, the marketplace is classified into flowers, fruits & vegetables, and herbs & spices.
 

Considering the regional landscape, Asia Pacific market holds a significant revenue share at present, owing to rising domestic meat production in countries like China and India, which is expected to increase farming for poultry, cattle, and swine species.
 

Whereas, Europe industry is slated to exhibit an impressive growth rate during 2021-2027, due to increasing demand for livestock products in the region.
 

The key players in global phytogenic feed additives market are Vetsfarma Limited, Phytobiotics Futterzusatzstoffe GmbH, Adisseo (Bluestar), Synthite Industries Pvt. Ltd., Natural Remedies, DuPont, BIOMIN Holding GmbH, Delacon Biotechnik GmbH, and Cargill Inc.