Feed Phytogenics Market Growth Set to Soar by 2033
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Abstract
Global Feed Phytogenics Market Overview
The Global Feed phytogenics Market is experiencing significant growth, with a projected value of USD 842 million in 2022 and an expected valuation of USD 1809.45 million by 2033, at a CAGR of 7.95% over the forecast period of 2023-2033.
Market Size and Growth Forecast
The market is expected to achieve exponential industrial growth, reaching USD 1809.45 million in 2033, with a CAGR of 7.95% over the forecast period of 2023-2033.
The global feed phytogenics market is anticipated to surpass USD 1,142.13 million by 2033, with a CAGR of 3.5% during the forecast period.
The global market for feed phytogenics is estimated to reach USD 1.3 billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030.
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Key Market Trends and Drivers
Sustainability gains prominence in the animal feed industry, influencing the increasing concern for using organic products and the adoption of innovative technologies in feed phytogenic manufacturing.
The growing meat market, particularly in the poultry industry, is a prime growth driver for the feed phytogenics market.
Rising consumption of poultry meat and the demand for natural growth promoters are stimulating the feed phytogenics market.
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