Market Size of Europe Feed Phytogenics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Feed Phytogenics Market Analysis
The European feed phytogenic market is projected to grow at a CAGR of 10.3% during the forecast period. The growing trend of commercial livestock production creates demand for higher feed which in turn drives the market for feed phytogenics. These plant-based feed additives or botanicals are a natural alternative to antibiotic feed additives that are added to feed. Growing concern over animal health and propensity towards natural products drives the market for phytogenics. Italy comprises the largest organic farmland in the European Union. Thus, the availability of raw material helps in the reduction of production costs of phytogenic. On the other hand, organic consumption is concentrated in Austria, Germany, and France. Some of the players in the market are Cargill, Incorporated, DuPont, Adisseo, Biomin GmbH, Delacon Biotechnik GmbH, Pancosma, Phytobiotics Futterzusatzstoffe GmbH, NOR-FEED, Phytosynthese, and others.
