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“The Global Feed Phytogenics Market was valued around US$ 620 Mn by 2018 and growing at a significant CAGR of 9.2% over next seven years 2019-2025 due to increased demand for livestock products”

 

The global feed phytogenics market accounted for US$ 620 Mn in 2018 and burgeoning over the forthcoming years. Increased demand for livestock products, ban on antibiotics as growth promoters, advancements in the feed industry, rising per-capita meat consumption along with growing middle-class disposable income and high cost of natural feed additives increasing protein intake among health-conscious consumers are some key factors influencing the market growth. However, factors such as high cost of natural feed additives and low awareness about the usage of phytogenics in the feed industry are the major factors hindering the market growth.

 

Global feed phytogenics market segmented on the basis of type, livestock, function and region.

 

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Oleoresins dominate the Global Feed Phytogenics Market

 

Based on type, global feed phytogenics market is segmented into oleoresins, essential oils and herbs & spices. Oleoresins held considerable market growth during estimated period. Oleoresins are a certainly happening combination of oil and resin that can be extracted from plants. They are an extremely focused substance that exists in liquid form. The extraction process arises with raw spices that are cleaned and ground, then the spices oils are distilled using an organic solvent. Diverse plants require various methods of extraction; common ways to extract are through water, oil, and alcohol, and each can differ in the level of concentration they produce. The content can be controlled and fine-tuned through the use of numerous solvents and pressures.

 

Asia Pacific Leads the Global Feed Phytogenics market

 

PBI’s global feed phytogenics market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global feed phytogenics market with considerable CAGR. The growth in this region is due to ever-growing demand for dairy and poultry based products, presence of a large number of pet animals and rise in livestock production for meat consumption coupled with increasing per capita disposable income. Also, Europe held substantial market growth during estimated period owing to the ban on antibiotics growth promoters in regions.

 

Strategic Partnership are the Key Strategies Adopted by Market Players

 

Global feed phytogenics market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In 2017 July, Delacon partnered with Cargill to produce and market natural and plant-based feed additives on the global scale.

 

Key player’s profiles in the report are Dupont (U.S.), Cargill, Inc. (U.S.), Phytosynthese (France) , Kemin Industries, Inc. (U.S.), BIOMIN Holding GmbH (Austria.), Delacon Biotechnik GmbH (Austria), PANCOSMA SA (Switzerland),  DOSTOFARM GmbH (Germany), Phytobiotics Futterzusatzstoffe GmbH (Germany), and A&A Pharmachem Inc. (Canada).

 

Precision Business Insights (PBI) in its report titled “Global Feed Phytogenics Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

 

Detailed Segmentation

 

By Type         

• Oleoresins
• Essential oils
• Herbs & spices

 

By Livestock  

• Ruminants
• Swine
• Equine
• Poultry
• Canine
• Faline
• Aquaculture

 

By Function   

• Palatability enhancers
• Performance Enhancers

 

By Geography

• North America

• US
• Canada

• Europe

• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

• Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

• Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

• Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

 

 

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