Market Size – $754 Million in 2020, Market Growth – 7.7% CAGR, Market Trends
NEW YORK CITY, NY, USA, Jul 25, 2022 / EINPresswire.com/ – The global plant feed additives market size is expected to reach $1,371 million by 2028 at a compound annual growth rate of 7.7%, according to a new report. for reports and data. Plant genetics is basically natural or non-antibiotic growth promoters derived from plants. They are widely used as forage additives derived from vegetables, fruits, herbs, spices or flowers. Various plant feed additives are used in livestock feed including saponins, flavonoids, tannins, essential oils, oleoresin, stinging, gum and bitters.
In recent years, global feed production has increased at an exponential rate, driven primarily by increased production and consumption of livestock. Another critical factor influencing the scale of feed production is the increased commercialization of livestock practices, particularly in developing economies. Livestock breeders are gaining awareness about the health issues of animals, due to the low nutrient supply and low metabolic rate, thus, raising concerns about the quality of animal products and final dairy products.
The growth of the plant feed additives industry has been attributed to a change in consumer opinion towards the quality of poultry products. Consumers are gaining awareness about the quality of poultry products which can be beneficial to their health. Poultry farms, to maintain their large customer base and to make profits, depend on various plant-based feed additives, which shows the potential to improve poultry health. Therefore, this factor contributes significantly to the expansion of the sector.
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Top profiles of the Plant Feed Additives Market Report:
• BIOMIN Holding GmbH (Austria)
• Delacon Biotechnik GmbH (Austria)
• Incorporated (USA)
• DuPont (USA)
• Bluestar Adisseo Co., Ltd. (China)
• Natural Remedies (India).
Forecast type (revenue, million USD, 2018 – 2028)
• essential oils
• Other materials (gum, tannins, bitter materials, and pungent materials)
Livestock Outlook (Revenue, Million USD, 2018 – 2028)
• female pig
• aquatic animals
• Other (pets and horses)
Source Forecast (Revenue, Million USD, 2018 – 2028)
• herbs and spices
• Fruits vegetables
Job Outlook (Revenue, Million USD, 2018 – 2028)
• PERFORMANCE ENHANCErs
• Antimicrobial properties
• palatability enhancers
• Others (plant-based food additives with anti-inflammatory properties and better feed conversion)
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Key Takeaways of the Plant Feed Additives Market Report:
• A comprehensive overview of the global plant feed additives industry.
• Accurate market forecasts in terms of market size, share and volume.
• Comprehensive study of global market dynamics, such as key market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep analysis of upcoming market trends.
• Qualitative and quantitative analyzes of the vegetable feed additives market.
• A detailed study of the leading regional markets in the vegetable feed additives market.
• A complete overview of the competitive landscape of the market.
• Brief overview of company profiles and portfolios.
Major regional markets covered in the report:
• North Amarica
Oh United States
o United Kingdom
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia and the Pacific Countries
• Latin america
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
United Arab Emirates
o Rest of the Middle East and Africa
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