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Feed phytogenic are functional feed additives which are primarily originated from plants. It is also known as PFAs or botanicals that are added to animal diet at a recommended level for improving animal performance. They are mostly used to improve gut health and gut protection of the animals by supporting beneficial bacteria. Along with improve feed intake feed phytogenic also improves the overall performance of the animals.
The feed phytogenic market is primarily driven by constant research & development and technological development in the feed industry and growth in cattle population globally. Moreover, rising focus on health & nutrition of animals, increasing demand for meat and meat products coupled with ban on the antibiotics in various countries are the factors anticipated to fuel the feed phytogenic market during the projected period. The major factor hindering the growth of the market is the increasing prices of raw material and lack of awareness about the benefits of feed phytogenic among the people.
The report analyses the feed phytogenic market by type, function, livestock and geography.
Based on type the feed phytogenic market is segmented into herbs & spices, essential oils, oleoresins and others. In 2017, the essential oils segment accounted for the highest market share in terms of revenue. The production of essential oils segment is predicted to boost due to its wide range of uses including growth promoters and flavouring in the animal feed.
By function, the global feed phytogenic market is bifurcated into performance enhancers, palatability enhancers and other. Other includes stress reduction and energy effectiveness. In 2017, The palatability segment accounted for the largest share in the global feed phytogenic market as palatability enhancers enhances the feed intake of the animals. Moreover, it also helps in the growth of the animals which results in high productivity of the animals.
Based on livestock, the feed phytogenic market is categorized into poultry, swine, ruminants, aquatic animals and others. The poultry segment is projected to be the fastest-growing segment in the feed phytogenic market. The fastest growth is attributed to increasing demand for poultry meat &meat products and rapid development in the meat production sector.
By geography feed phytogenic market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America and Middle East and Africa. North America accounted for the largest share in the feed phytogenic market. Moreover, Asia Pacific is projected to be growing at highest CAGR during the forecast period owing to rapid development in beef and dairy sectors in emerging economies including China, India and Japan and rising awareness about food safety and the quality of meat among consumers.
Some of the key participants in global feed phytogenic market are Cargill, Incorporated E. I. du Pont de Nemours and Company, BIOMIN Holding GmbH, Delacon Biotechnik GmbH, Bluestar Adisseo Co., Ltd, Kemin Industries, Inc, Dostofarm GmbH, pancosma, A&A Pharmachem Inc, Phytosynthese, Synthite Industries Ltd, Silvateam S.p.a, NOR-FEED, DOSTOFARM GmbH, etc. Many new players are entering the global feed phytogenic market. The key companies have substantial presence in the market due to their strong clientele base. New product development and product innovation are the strategies used by the market players to reinforce the position in the market. BIOMIN Holding GmbH is one of the leading manufacturers of the feed phytogenic. Digestarom is the phytogenic product line of BIOMIN Holding GmbH and has also developed a unique encapsulation technology providing essential oil actives in the Biomin Duplex Capsule.
Phytogenic have a range of biologically active properties that are very beneficial to modern livestock production. The use of phytogenic feed additive offers a number of benefits which includes enhance animal performance, improves feed efficiency and reduce emissions. The global feed phytogenic market is segmented into type, function, livestock and geography. Based on type the feed phytogenic market is segmented into herbs & spices, essential oils, oleoresins and others. By function, the global feed phytogenic market is bifurcated into performance enhancers, palatability enhancers and other. Other includes stress reduction and energy effectiveness. Based on livestock, the feed phytogenic market is categorized into poultry, swine, ruminants, aquatic animals and others. By geography feed phytogenic market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America and Middle East and Africa. North America accounted for the largest share in the feed phytogenic market. Moreover, Asia Pacific is projected to be growing at highest CAGR during the forecast period owing to rapid development in beef and dairy sectors in emerging economies including China, India and Japan and rising awareness about food safety and the quality of meat among consumers. Some of the key participants in global feed phytogenic market are Cargill, Incorporated E. I. du Pont de Nemours and Company, BIOMIN Holding GmbH, Delacon Biotechnik GmbH, Bluestar Adisseo Co., Ltd, Kemin Industries, Inc, Dostofarm GmbH, pancosma, A&A Pharmachem Inc, Phytosynthese, Synthite Industries Ltd, Silvateam S.p.a, NOR-FEED, DOSTOFARM GmbH, etc.
Why to buy this report:
The report offers changing market dynamics in the feed phytogenic industry, presenting historical, current and projected market size in terms of value (USD Million)
The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of feed phytogenic, such as in cattle feed & feed additive market, cattle feed premix market, etc.
It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the feed phytogenic market performance
The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of feed phytogenic market
