MARKET REPORT FEED & ADDITIVE MAGAZINE September 2024 107 milk production. However, the global demand for high quality meat products, especially in developing economies, is fueling the growth of the livestock industry. PFAs can help improve meat quality attributes such as tenderness, juiciness and flavor, making them attractive to producers and consumers. Favorable Government Policies Government policies and incentives that support the use of natural and sustainable feed additives can further stimulate market growth. These policies may include subsidies, research funding, or regulations that favor the use of PFAs. Growing Management of Feed Operating Costs Efficient feed utilization is critical to profitability in animal production. PFAs provide cost savings by improving nutrient digestibility, reducing inflammation and promoting gut health. In conclusion, the global phytogenic feed additives market is driven by a combination of consumer preferences, regulatory pressures, technological advancements, and increasing demand for high-quality meat products. As these factors continue to evolve, the market is expected to experience sustained growth in the coming years. FACTORS LIMITING MARKET GROWTH While the global phytogenic feed additives market is experiencing significant growth, certain factors may pose challenges to its continued expansion. These include: Variability in Phytogenic Compound Efficacy The efficacy of phytogenic compounds can vary depending on factors such as the plant species, growing conditions, extraction methods, and animal species. This variability can make it difficult to standardize the use of PFAs and ensure consistent results. Regulatory Hurdles The regulatory landscape for PFAs can be complex, with varying regulations across different countries. Obtaining regulatory approval for new phytogenic products can be time-consuming and costly, potentially hindering market entry. High Cost of Production The production of PFAs can be more expensive than traditional synthetic additives, particularly when high-quality raw materials and extraction methods are used. This higher cost may limit their adoption, especially in regions with lower profit margins. • Addcon Group GmbH • AdiFeed • Adisseo (Nor-Feed) • ADM (Pancosma) • Agrifirm (Agrimprove) • Alltech • Anpario • Avril Group (miXscience) • Ayurvet Limited • BASF SE • Bentoli • Bioven Ingredients • BioZyme Inc. • Cargill - Delacon • Centafarm SRL • Danisco Animal Nutrition & Health (IFF) • Dostofarm • Dr. Eckel Animal Nutrition • dsm-firmenich (Biomin) • Evonik Industries • EW Nutrition • Himalaya Wellness • Impextraco • Kemin Industries • Lallemand Inc. • Life Circle Nutrition • Miavit GmbH • Natura Feed Ingredients • Natural Remedies • Novonesis (Novozymes & Chr. Hansen) • Novus International (BRI International) • Nuqo Feed Additives • Nutreco (Selko Feed Additives) • Nutrex • Nutricare Life Sciences • Orffa International • Perstorp Holding • Phibro Animal Health • Phytobiotics Futterzusatzstoffe • Phytosynthese • Silvateam • Synthite Industries • Vetsfarma • Vinayak Ingredients • Volac International SOME PFAs SUPPLIERS IN THE WORLD:
RkJQdWJsaXNoZXIy MTUxNjkxNQ==