Rising Regulatory Bans on Antibiotic Growth Promoters (AGP) Enable Market Expansion
Increasing antimicrobial resistance in pathogenic bacteria has resulted in many countries banning AGPs for animal nutrition. Growing concerns worldwide over AGPs in animal nutrition have resulted in efforts to use alternative ingredients that can effectively replace AGPs; phytogenics is one such alternative.
The analysis shows that Europe dominated the global animal feed phytogenics market in 2022 due to stringent regulations on the use of AGPs since 2006 in EU countries and a high preference for natural ingredients. The publisher expects APAC to show the fastest growth during the forecast period due to growth in compound feed production, the adoption of intensive animal farming practices, and regulatory restrictions on using AGPs by different countries in the region.
The analyst also considered the impact of the COVID-19 pandemic and other geopolitical situations, such as the Russia-Ukraine war, in the analysis. Additional vital information includes notable competitors for each product type; market drivers, restraints, and trends; acquisitions; and product launches. Most importantly, we explore growth opportunities stakeholders can monetize over the next few years.
RESEARCH SCOPE
In this research service, the analyst provides qualitative and quantitative analyses of animal feed phytogenics based on the following:
- Product type (essential oils, oleoresins & plant extracts, bioactive ingredients)
- Application (poultry, swine, ruminant, aquaculture)
- Region [North America; Europe; Asia-Pacific (APAC); Latin America, and the Middle East and Africa (LAMEA)]
The study period is 2020-2030, with 2022 as the base year and 2023-2030 as the forecast period. The report's scope only includes the animal feed application of phytogenics and excludes veterinary drugs and drenching applications.
