MARKET REPORT FEED & ADDITIVE MAGAZINE September 2024 109 Ruminants, including cattle, sheep and goats, represent another large market for PFAs. These additives can help improve rumen function, increase nutrient digestibility and support growth performance. Additionally, phytogenic compounds can contribute to environmental sustainability by reducing methane emissions from ruminants. The swine industry is also increasingly adopting PFAs to improve pig health and productivity. These additives can help increase feed efficiency, reduce diarrhea and improve meat quality. Moreover, phytogenic compounds can help reduce the negative effects of mycotoxins that can contaminate swine feed. While the use of PFAs in aquaculture is relatively new, it is gaining momentum. These additives can help improve fish health, growth performance and feed efficiency. Additionally, phytogenic compounds can reduce the risk of disease and improve water quality in aquaculture systems. MARKET GROWTH ON REGIONAL BASIS North and South America represent a substantial market for PFAs. Increasing consumer demand for poultry and beef products coupled with growing consumer awareness on natural and sustainable food production has led to rapid adoption of PFAs in the region. In the United States, the most important market in North America, the market has witnessed steady growth due to increasing awareness about natural feed additives. The Asia-Pacific region is experiencing rapid growth in the phytogenic feed additives market, driven by factors such as increasing livestock production, rising consumer incomes, and growing awareness about animal health and welfare. China, India, and Southeast Asian countries are the major players in this market. Europe has been a pioneer in the use of PFAs with a strong focus on reducing the use of antibiotics and promoting sustainable livestock production. Countries such as Germany, France and the United Kingdom are major markets in this region. The Middle East and Africa are emerging markets for PFAs, driven by factors such as growing animal populations and increasing demand for high-quality meat products. However, market penetration of these additives is still relatively low in many countries due to factors such as limited awareness and regulatory challenges. References 1. Phytogenic Feed Additives in Animal Nutrition | SpringerLink 2. Use of phytogenic products as feed additives for swine and poultry1 | Journal of Animal Science | Oxford Academic (oup.com) 3. Phytogenic Feed Additives as An Alternative to Antibiotic Growth Promoters in Poultry Nutrition | IntechOpen 4. Global Phytogenic Feed Additives Market by Type (Essential Oils, Flavonoids, Oleoresins), Livestock (Aquatic Animals, Poultry, Ruminants), Source, Form, Function - Forecast 2024-2030 (researchandmarkets.com) 5. Phytogenic Feed Additives Market Size & Leading Companies By 2030 (databridgemarketresearch.com) 6. Phytogenic Animal Feed Additives Market Size, Industry (precisionbusinessinsights.com) 7. Phytogenic Feed Additives Market Analysis & Forecast | $2.14B by 2033 (evolvebi.com)
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