Feed Phytogenics Market

SKU: DMCPG462 | Last Updated On: Nov 11 2022 | Available Formats

> Feed Phytogenics Market Expected to reach a high CAGR 9.8% By 2029: DataM Intelligence

Feed Phytogenics Market is segmented By Type (Essential Oils, Herbs & Spices, Oleoresins), By Livestock (Swine, Ruminants, Aquatics, Poultry, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

 

Market Overview

[150 Pages Report] The Global Feed Phytogenics market is estimated to grow with at a high CAGR of 9.8 % during the forecast period from 2022-2029

Feed Phytogenics market - Strategic Insights

Metrics

Details

Market CAGR

9.8%

Segments Covered

By Type, By Livestock, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • Phytogenic feed additives, known as PFAs or botanicals, are substances of plant origin added to animal diets at recommended levels to improve animal performance.

  • Phytogenics are known to have a range of biologically active properties that are beneficial in modern livestock production, including antioxidative, anti-inflammatory, anti-microbial, and digestion-enhancing effects.

Market Drivers and Restraints

  • The rising awareness about animal health & feed quality, the emergence of new technologies like an encapsulation of feed phytogenics, consumer demand for more natural products, and increased affordability of phytogenics due to rising the availability and commoditization of various herbs used in phytogenic products are some of the critical factors which are expected to fuel the demand for feed phytogenics during the forecast period.

  • The increasing public concerns over the use of antibiotics as growth promoters are also driving the market for feed phytogenics. Antibiotics have long been used at sub-therapeutical levels in poultry, swine, aquaculture, and ruminant diets for better growth performance. However, the use of antibiotics as growth enhancers in animal feed is becoming limited due to the increasing public concerns over the spread of antibiotic resistance in zoonotic bacterial pathogens, which poses a threat to public health.

  • The European Union (EU) and the U.S. have already banned the use of Antibiotics in Animal Feed. Thus, the limited purpose of antibiotics as growth promoters will boost the demand for feed phytogenics.

Market Segmentation

  • The Global Feed Phytogenics market report segments the market by type and by livestock. By type includes Essential Oils, Herbs & Spices, Oleoresins, and Others. Essential oils have the most dominant market share in this segment. They are used for increasing animal performance.

  • Essential oils can also be used in various blends and have strong aromatic and flavoring properties which drive the demand for these oils as feed additives. In ruminants, essential oils play an important role in reducing rumen ammonia production and increasing protein by mass.

  • They help in effective weight gain in pig production applications. Because of these advantages, essential oils have a larger share than other segments.

  • Based on the type of livestock, the market can be classified as Swine, Ruminants, Aquatics, Poultry, and Others.

Geographical Analysis

  • Based on Geography, the market can be segmented as North America, South America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to dominate the market during the forecast period.

  • Due to the presence of a large population in APAC, the demand for meat is very high. Thus, APAC leads the global meat production as well as the consumer market. The high demand for beef is also boosting the demand for feed phytogenics in the region. Asia-Pacific dominated the global meat production market in 2014.

  • Europe is a mature market for Feed Phytogenics. The market is highly regulated in the western parts of Europe. The European Union banned the use of antibiotics in animal feed in 2006.

  • The ban on antibiotics and the development of new alternatives are the significant drivers of the photogenic market in this region.

Key Companies

  • The Global Feed Phytogenics market report profiles the following companies-

  • Biomin GmbH, Delacon Biotechnik GmbH, Pancosma SA, Nor-Feed Sud, Phytosynthèse, Phy-probiotics Futterzusatzstoffe GmbH, Dostofarm GmbH, Kemin Industries Inc., Danisco A/S, and Natural Remedies.

Why purchase the report?

• Visualize the composition of the Feed Phytogenics market across each indication, regarding the gas type and end-user industry highlighting the critical commercial assets and players.

• Identify business opportunities in the Feed Phytogenics market by analyzing trends and co-development deals.

• Excel data sheet with thousands of data points of the Feed Phytogenics market-level 4/5 segmentation

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

• Product mapping in excel for the key Feed Phytogenics market products of all major market players

Who can benefit from this report?

• Raw Material Suppliers/ Buyers

• Product Suppliers/ Buyers

• Industry Investors/Investment Bankers

Education & Research Institutes

• Research Professionals

• Emerging Companies

• Manufacturers

FAQ

What is the Feed Phytogenics market growth?

The market is growing at a CAGR of 9.8%.

What is the Feed Phytogenics market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in the Feed Phytogenics market?\

Biomin GmbH, Delacon Biotechnik GmbH, Pancosma SA, Nor-Feed Sud, Phytosynthèse, Phy-probiotics Futterzusatzstoffe GmbH, Dostofarm GmbH, Kemin Industries Inc., Danisco A/S, and Natural Remedies.

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