APAC Phytogenic Feed Additives Market - Industry Trends and Forecast to 2030
The Asia-Pacific phytogenic feed additives market is expected to reach USD 646.58 million by 2030 from USD 314.63 million in 2022, growing at a CAGR of 9.6% during the forecast period of 2023 to 2030.
Market SegmentationAsia-Pacific Phytogenic Feed Additives Market, By Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Tannins, and Others), Type of Animal Feed (Poultry Feed, Ruminants Feed, Aqua Feed, Swine Feed, and Others), Sources (Herbs and Spices), Form (Dry and Liquid), Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Digestion Enhancers, and Others), Country (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Philippines, Thailand, Vietnam, New Zealand, Malaysia, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Phytogenic Feed Additives Market Dynamics
Driver
• Surging demand for natural feed additives
Restraint
• Availability of established alternatives for feed additives
Opportunity
• Medicinal properties of herbs and spices used in the manufacturing of phytogenic feed additives
Market PlayersSome of the major market players operating in the Asia-Pacific phytogenic feed additives market are:• Cargill Incorporated.
• DSM
• Kemin Industries, Inc.
• ADM
• Nutreco
• Natural Remedies.
• Himalaya Wellness Company
• Vinayak Ingredients. India
• Silvateam S.p.a.
• Phytobiotics Futterzusatzstoffe GmbH
• Tegasa
• MIAVIT GMBH
• Indian Herbs
• Customer DOSTOFARM GmbH
• British Horse Feeds
• Orffa
• Igusol
• Glamac International Private Limited.
• Nor-Feed
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