Global Feed Phytogenics Market, By Type (Herbs & Spices, Essential Oils, Oleoresins, Others), Function (Performance Enhancers, Palatability Enhancers, Others), Livestock (Ruminants, Poultry, Swine, Aquatic Animals, Equine, Canine, Faline, Others), Application (Flavouring & Aroma, Feed Intake & Digestibility, Organic Trace Minerals, Anti-Parasitic, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, 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, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Feed Phytogenics Market
The feed phytogenics market is expected to witness market growth at a rate of 9.15% in the forecast period of 2021 to 2028 and is expected to reach USD 54.19 billion by 2028. Data Bridge Market Research report on feed phytogenics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in consciousness regarding the animal health is escalating the growth of feed phytogenics market.
Feed phytogenics refer to the type of compounds that are used as additives and promoters in the feed given to livestock. They are utilized as additives and promoters that help in the growth of animals. These additives are generally sourced from different herbs, spices, oils and components of various plants. Essential oils comprise of a significant part of feed phytogenics.
The increase in the concerns regarding the feed quality for animals across the globe acts as one of the major factors driving the growth of feed phytogenics market. The rise in popularity of these feed additive due to their high efficiency and performance and health-induced benefits of phytogenics in animals and increase in the instances of diarrhea and digestive disorders among animals encouraging the use of feed phytolysates among livestock owners accelerate the market growth. The increase in demand for sustainable feed additives for animal nutrition and rise in the number of livestock farming activities further influence the market. Additionally, increase in importance of animal nutrition, consumer preference towards healthy lifestyle and development of animal feed products positively affect the feed phytogenics market. Furthermore, increase in popularity of trend of natural solutions for pet food nutrition extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, cost of active ingredients used in phytogenic feed additives is expected to obstruct the market growth. Presence of counterfeit products in developing economies and lack of awareness about the usage of phytogenics are projected to challenge the feed phytogenics market in the forecast period of 2021-2028.
This feed phytogenics 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 feed phytogenics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Feed Phytogenics Market Scope and Market Size
The feed phytogenics market is segmented on the basis of type, function, livestock and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the feed phytogenics market is segmented into herbs & spices, essential oils, oleoresins and others. Others are further segmented into echinacea, mucilage and others.
- On the basis of function, the feed phytogenics market is segmented into performance enhancers, palatability enhancers and others. Others are further segmented into preventative health maintainers, antioxidants and greenhouse gas emission mitigators.
- On the basis of livestock, the feed phytogenics market is segmented into ruminants, poultry, swine, aquatic animals, equine, canine, faline and others. Ruminants are further segmented into calves, dairy cattle, beef cattle and others. Poultry is further segmented into broilers, turkey, layers and others. Swine is further segmented into starter, grower and sow.
- On the basis of application, the feed phytogenics market is segmented into flavouring & aroma, feed intake & digestibility, organic trace minerals, anti-parasitic and others.
Global Feed Phytogenics Market Country Level Analysis
The feed phytogenics market is analyzed and market size, volume information is provided by country, type, function, livestock and application as referenced above.
The countries covered in the global feed phytogenics market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the feed phytogenics market because of the rise in demand for dairy products such as milk and cheese and implementation of advanced technology in the dairy industry within the region. Europe is expected to witness the fastest growth during the forecast period of 2021-2028 because of the ban on the use of antibiotics as a growth promoter in the region.
The country section of the feed phytogenics 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 Feed Phytogenics Market Share Analysis
The feed phytogenics 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 feed phytogenics market.
The major players covered in the feed phytogenics market report are BIOMIN HOLDING GMBH, The Himalaya Drug company, Cargill, Incorporated, pancosma, Igusol., DELACON Biotechnik GmbH, Dostofarm GmbH, Phytobiotics Futterzusatzstoffe GmbH, A&A Pharmachem Inc., Bluestar Adisseo Co., Ltd., Silvateam S.p.a., doTERRA, DuPont, Synthite Industries Ltd., Dodson & Horrell Ltd, Kemin Industries, Inc., Phytosynthese, Nutricare Life Sciences Ltd., Natural remedies pvt ltd and NOR-FEED 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 analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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