Global Phytogenic Poultry Feed Additives Market – Industry Trends and Forecast to 2029

Phytogenic Poultry Feed Additives Market Analysis and Size

Phytogenics have several properties, such as antioxidative, anti-microbial, anti-inflammatory, and digestion-enhancement, which are beneficial in modern livestock manufacture. The growing demand for high-quality meat, especially in developing economies, is expected to boost the phytogenic poultry feed additives market. This boost will expected be driven by the augmented demand for the livestock production.

Data Bridge Market Research analyses that the phytogenic poultry feed additives market was valued at USD 811.73 million in 2021 and is expected to reach USD 1480.35 million by 2029, registering a CAGR of 7.80% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Phytogenic Poultry Feed Additives Market Scope and Segmentation

Market Definition

Phytogenic feed additives are also known as phytobiotics. Phytogenic feed additives are a group of natural growth promoters and non-antibiotic growth promoters used as feed additives. Essential oils are the concentrated type of phytogenics, which comprise the most vital components of plants. Various feed additives and growth promoters are used to improve health of animal on broad scale. Feed additives and growth promoting agents contain Vitamins and Minerals, herbs, prebiotics, probiotics, Synbiotics, Panchgavya, betaine and Carnitine

Global Phytogenic Poultry Feed Additives Market Dynamics

Drivers

• Advantages of phytogenic poultry feed additives

Phytogenic feed additives are widely used in poultry feed to laying capacity, improve muscle growth and overall growth of the poultry birds. Their applications have further shown an increase since the ban imposed on the antibiotic growth promoters in the poultry segment. The rising applications of phytogenic poultry feed additives in the poultry segment is expected to witness fastest growth among all other livestock species in phytogenic poultry feed additives market.

• Growing production of animal feed

The growing feed production is expected to drive the growth of the phytogenic poultry feed additives market due to the performance, accelerated efficiency and health-induced benefits of phytogenics in animals. The demand for an improved antibiotic-free additives and feed conversion ratio from a increasing number of livestock producers is further generating the demand for botany-based feed additives.

Moreover, increasing demand for naturally formed feed additives as substitutes to in-feed antibiotics is expected to boost the market's growth rate. The encapsulated technology improves the efficiency of phytogenic feed additives, availability of substitutes to antibiotics and shifting opinion of consumers towards the quality of poultry products are some of the  major factors that are expected to act as major growth drivers for the growth of the  phytogenic poultry feed additives market during forecast period of 2022 to 2029. 

Opportunities

• Increasing number of livestock producershttps://www.databridgemarketresearch.com/reports/global-freeze-dried-fruits-and-vegetables-market

The growing number of livestock manufacturers are requesting greater antibiotic-free additives and feed conversion ratios which is expected to create immnse opportunities for the growth of the phytogenic poultry feed additives market. Globally feed output increased from 871 million metric tonnes in 2011 to 1103 million metric tonnes in 2018. As per the published report of Alltech Global Feed Survey study in 2019. The requirement for high-quality dairy products and meat among health-conscious consumers and the increasing popularity of natural ingredients in pet food, are some of the major factor which create opportunities for the companies to tap into the phytogenic industry's untapped earnings.

Moreover, deliberate growth initiatives to enter untapped markets and growing popularity of natural solutions for pet food nutrition are other factors that create several lucrative opportunities and further propel the market's growth during forecast period.

Restraints/ Challenges

• Issues associated with phytogenic poultry feed additives market

The high price of active ingredients used in phytogenic feed additives will act as major market restraint for the growth of the phytogenic poultry feed additives during the forecast period. While the lack of awareness regarding the use of phytogenics and availability of fake products in developing countries are some major factors which challenge the growth of the phytogenic poultry feed additives market.

This phytogenic poultry feed additives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the phytogenic poultry feed additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Phytogenic Poultry Feed Additives Market

The outbreak of covid-19 is rising high and affecting human life globally. Saving lives demands isolation, lockdowns and widespread closures to slow down the widespread coronavirus. The coronavirus disease crisis is affecting on global economic activities.

Since feed plays a vital role in the manufacture of different feed additives, livestock animals act as a major component in the manufacture of nutrition enriched feed. This nutritional based feed aids livestock in their reproduction, lactation, health management, and brand equity.

The pandemic and lockdown has impacted the raw ingredient supply chain and the consumption and production patterns globally. The COVID-19 outbreak have impacted more than 100 countries all over the globe and significantly impacted the phytogenic poultry feed additives market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

 Global Phytogenic Poultry Feed Additives Market Scope

The phytogenic poultry feed additives market is segmented on the basis of type, source, form, function, packaging and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Essential Oils
• Flavonoids
• Saponins
• Oleoresins
• Others

 Source

• Herbs and Spices
• Flowers
• Fruits and Vegetables

 Form

• Liquid
• Dry

Function

• Performance Enhancers
• Antimicrobial Properties
• Palatability Enhancers
• Others

 Packaging

• Flexible
• Rigid
• Others

 Application

• Feed Intake and Digestibility
• Flavoring and Aroma
• Others

Phytogenic Poultry Feed Additives Market Regional Analysis/Insights

The phytogenic poultry feed additives market is analyzed and market size insights and trends are provided by country, type, source, form, function, packaging and application as referenced above.

The countries covered in the phytogenic poultry feed additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the phytogenic poultry feed additives market in terms of market revenue and market share and will continue to flourish its dominance. This is due to the lack of harmful residues in plant-based additives and replacement strategy for antibiotic growth promoters in this region. 

Europe is anticipated to grow during the forecast period of 2022 to 2029 due to stringent regulations imposed on synthetic feed additives and a ban on antibiotics as a growth promoter in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Phytogenic Poultry Feed Additives Market Share Analysis

The phytogenic poultry feed additives market 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 phytogenic poultry feed additives market.

Some of the major players operating in the phytogenic poultry feed additives market are:

• Delacon Biotechnik GmbH (Austria)
• Nutricare (India)
• DUPONT (U.S.)
• Natural Remedies (India)
• DSM (Austria)
• LAND O’ LAKES Inc, (U.S.)
• Natura Feed Ingredients (Turkey)
• Natural Herbs & Formulations (India)
• Dostofarm GmbH (Germany)
• Ayurvet (India)
• Phytobiotics Futterzusatzstoffe GmbH (Germany)
• Synthite Industries Ltd (India)
• Nor-Feed (France)
• Pancosma (Switzerland)
• Silvateam S.p.A. (Italy)
• Adisseo (China)
• IGUSOL S.A. (Spain)

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