Global Flavonoid Phytogenic Feed Additive Market, By Livestock (Poultry, Swine, Ruminants, Aquatic Animals, Others), Source (Herbs & Spices, Flowers, Fruits & Vegetables), Form (Dry, Liquid), Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Flavonoid Phytogenic Feed Additive Market
Flavonoid phytogenic feed additive market is expected to grow at a CAGR of 10.30% in the forecast period 2021 to 2028. Rising encapsulated technology enhances the efficiency of phytogenic feed additives is the major factor driving the growth of trace minerals in flavonoid phytogenic feed additive market in the forecast period of 2021-2028.
Phytogenics consists of an extensive range of substances and thus have been further classified according to botanical origin, processing, and composition. It includes herbs, that are non-woody flowering plants known to have medicinal properties, spices, which are herbs with intensive smell or taste. They are generally added to human food, essential oils, that are aromatic oily liquids derived from plant materials such as leaves, flowers, fruits, and roots; and oleoresins. Phytogenics are extracts derived by non-aqueous solvents from plant material and two of the most common phytogenic substances evaluated in swine include the spices oregano and thyme.
Rise in demand for naturally produced feed additives as alternatives to in-feed antibiotics is the vital factor escalating the market growth, also rising concerns regarding animal health, rising demand for naturally produced feed additives as substitutes to in-feed antibiotics, continuous changing opinion of consumers towards the quality of poultry products and rising technological explorations are the major factors among others driving the growth of flavonoid phytogenic feed additive market. Moreover, rising popularity of natural solutions for pet food nutrition, increasing research and development activities and rising strategic growth initiatives to enter untapped markets will further create new opportunities for flavonoid phytogenic feed additive market in the forecast period of 2021- 2028.
However, rising cost of active ingredients used in phytogenic feed additives is the vital factor among others acting as a restraint, while rising counterfeit products in developing economies and increasing lack of awareness about the usage of phytogenics in under-developed and developing nations will further challenge the growth of flavonoid phytogenic feed additive market in the forecast period mentioned above.
This flavonoid phytogenic feed additive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on flavonoid phytogenic feed additive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Flavonoid Phytogenic Feed Additive Market Scope and Market Size
Flavonoid phytogenic feed additive market is segmented on the basis of livestock, source, form and function. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on livestock, the flavonoid phytogenic feed additive market has been segmented into poultry, swine, ruminants, aquatic animals and others. The swine is the leading segment and dominates the phytogenic feed additives market during the forecast period mentioned above.
- Based on source, the flavonoid phytogenic feed additive market is segmented into herbs & spices, flowers and fruits & vegetables. Herbs & spices is the leading segment and dominates the phytogenic feed additives market during the forecast period mentioned above.
- Based on form, the flavonoid phytogenic feed additive market is segmented into dry and liquid.
- The flavonoid phytogenic feed additive market is also segmented on the basis of function into performance enhancers, antimicrobial properties, palatability enhancers and others. Others have been further segmented into phytogenic feed additives with anti-inflammatory properties and better feed conversion.
Flavonoid Phytogenic Feed Additive Market Country Level Analysis
Flavonoid phytogenic feed additive market is analyses and market size, volume information is provided by country, livestock, source, form and function as referenced above.
The countries covered in flavonoid phytogenic feed additive market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA)
Europe dominates the flavonoid phytogenic feed additive market due to rising consumption of phytogenics in livestock feed, rising need to improve feed palatability and livestock performance and strict regulations imposed by the European Commission on synthetic feed additives in this region.
The country section of flavonoid phytogenic feed additive market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flavonoid Phytogenic Feed Additive Market Share Analysis
Flavonoid phytogenic feed additive market report competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flavonoid phytogenic feed additive market report.
The major players covered in the flavonoid phytogenic feed additive market report are Cargill, Incorporated, Delacon Biotechnik GmbH, BIOMIN Holding GmbH, Bluestar Adisseo, DuPont, Synthite Industries Ltd., ABT International, British Horse Feeds, MIAVIT GmbH, Himalaya Drug Company, Igusol, NOR-FEED, nutrex.eu, Indian Herbs, Silvateam S.p.a Tolsa SA, Kemin Industries, Growell India, Phytobiotics Futterzusatzstoffe GmbH and Ayurvet Limited, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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