Phytogenics Market set to hit $4.7 billion by 2035, as shift towards organic farming drives transformation

Industry revenue for Phytogenics is estimated to rise to $4.7 billion by 2035 from $2.5 billion of 2024. The revenue growth of market players is expected to average at 6.0% annually for period 2024 to 2035. Phytogenics is critical across several key applications, including Poultry Feed Additives, Swine Feed Additives, Aquaculture Feed Additives and Functional Food Ingredients. The report unwind growth & revenue expansion opportunities at Product Type, Application, Form, Function and End User with industry revenue Forecast.

View table of Content here - https://datastringconsulting.com/industry-analysis/phytogenics-market-research-report

The Phytogenics market is characterized by intense competition, with a number of leading players such as Delacon Biotechnik GmbH, Biomin Holding GmbH, Nor-Feed SAS, Pancosma SA and Dostofarm GmbH. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.

The Phytogenics market is projected to expand substantially, driven by the Rising Demand for Natural Feed Additives and Increasing Consumer Awareness of Health and Wellness. This growth is expected to be further supported by Industry trends like Technological Advancements in Phytogenics Extraction; and position the market's continued expansion to reach $3.5 billion by 2030. Moreover, the key opportunities, such as Expanding Veterinary Uses, Leveraging Consumer Awareness Towards Organic Produce and untapped cosmeceutical sector, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., Germany and China.

The U.S., Germany, China, Brazil and India are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 3.9% to 5.8% annually from 2024 to 2035. At the same time, India, Brazil and South Africa are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.

North America and Europe are the two most active and leading regions in the market. With challenges like Regulatory Hurdles and perception and knowledge gap, market Supply Chains from Raw Material Providers / Intermediaries / End Product Manufacturing and to Distribution & Retail is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including India, Brazil and South Africa for expansion of the total addressable market (TAM).

About DataString Consulting

DataString Consulting offers a complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. We offer bespoke market research projects designed to meet the specific strategic objectives of the business. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. DataString Consulting’s data aggregators and Industry experts monitor high growth segments within more than 15 industries on an ongoing basis.

DataString Consulting is a professional market research company which aims at providing all the market & business research solutions under one roof. Get the right insights for your goals with our unique approach to market research and precisely tailored solutions. We offer services in strategy consulting, comprehensive opportunity assessment across various sectors, and solution-oriented approaches to solve business problems.