Phytogenic Feed Additives Market Expected to Grow at 1098 Million In Revenue by 2025

The report titled “Phytogenic Feed Additives Market” sheds a concentrated focus on the Phytogenic Feed Additives industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

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The Global Phytogenic Feed Additives Market size is estimated to be USD 753 Million in 2020 and is projected to reach USD 1,098 Million by 2025, at a CAGR of 7.8% during the forecast period.

Top Companies Profiled in the Phytogenic Feed Additives Market:
• Cargill Incorporated (US)
• DelaconBiotechnik GmbH (Austria)
• BIOMIN Holding GmbH (Austria)
• Bluestar Adisseo Co. Ltd. (China)
• DuPont (US)
• Synthite Industries Ltd. (India)

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The global feed production has increased consistently in the recent past, driven primarily by the demand-side factors, including an increase in livestock production & consumption and the resultant global population. Another major factor that influences the volume of feed production is the increase in commercialization of livestock rearing practices, particularly in developing economies.

The poultry segment dominated the phytogenic feed additives market in 2019. The dominance of poultry can be attributed to the higher demand for antibiotic growth promoter (AGP) replacers, especially in the US, China, and Brazil. The production of poultry for meat is also expected to be dominating more than half the growth of all the additional meat produced by 2025.

The selection of the form of phytogenic feed additives depends on various factors, such as the ease of application, size of the feed particles, and influence of climatic conditions on the final product. It also depends on the requirement of each livestock, ensuring minimum feed wastage to reduce farm expenditure.

Breakdown of primary participants’ profile:
• By Company Type-Tier 1 40-%, Tier 2- 35%, Tier 3- 25%
• By Designation- C level- 30%, Managers- 20%, Executives- 50%
• By Region- APAC- 25%, Europe- 40%, North America- 15%, South America-10%, and RoW*- 10%

Competitive Landscape of Phytogenic Feed Additives Market:
1 Overview
2 Company Ranking & Market Share Analysis
3 Competitive Leadership Mapping
3.1 Dynamic Differentiators
3.2 Innovators
3.3 Visionary Leaders
3.4 Emerging Companies
4 Competitive Leadership Mapping(For Smes/Start-Ups)
4.1 Progressive Companies
4.2 Starting Blocks
4.3 Responsive Companies
4.4 Dynamic Companies
5 Competitive Scenario
5.1 New Product Launches
5.2 Expansions
5.3 Acquisitions
5.4 Agreements

Reason to access this report:
The report will help the leaders/ new entrants in the market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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This release was published on openPR.