The Future of Animal Nutrition: A Closer Look at the Phytogenic Feed Additives Market
The phytogenic feed additives market has been growing steadily in recent years, driven by increasing demand for natural and organic feed additives in animal nutrition. Phytogenic feed additives are plant-derived products that are used to enhance the performance and health of animals, and to improve the quality of animal products.
The phytogenic feed additives market is expected to witness...
Top Driving Factors of Phytogenic Feed Additives Market
The Phytogenic Feed Additives Market is estimated to be valued at USD 864 million in 2022. It is projected to reach USD 1,223 million by 2027, with a CAGR of 7.2%, in terms of value between 2022 and 2027, according to a new report by MarketsandMarkets™. The reasons that are driving the growth of the Phytogenic feed additives market are increasing demand for natural...
Rising Concern Regarding Animal Feed Quality and Ban on Antibiotics to Drive the Phytogenic Feed Additives Market Growth
The global phytogenic feed additives market size is estimated to be valued at USD 701 million in 2019 and is projected to reach USD 1,226 billion by 2025, growing at a CAGR of 9.8% during the forecast period. Phytogenics are non-antibiotic growth promoters representing a group of natural substances used in the livestock industry for nutrition. Phytogenics have evolved as a key feed additive, as they...