Global Feed Phytogenics Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
“Global Feed Phytogenics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global feed phytogenics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global feed phytogenics market report has been segmented on the basis of type, function, livestock, and region.
Phytogenics are the natural growth promoters over non-antibiotic growth promoters utilized as feed additives. Feed phytogenics are mainly derived from spices and herbs or other plants. Feed phytogenics are also utilized as an alternative to antibiotic growth promoters in the livestock production. In addition, feed phytogenics are segmented based on various types such as spices and herbs oleoresin, essential oils, and others.
Feed phytogenic additives aid to maintain livestock health, however it is difficult to process it in the feed. Furthermore, various sensitive sources of phytogenics, especially essential oils, which drop their efficacy and efficiency are maintain using these additives, owing to its highly vulnerable to oxidative and volatile properties. Introduction of various new technologies including encapsulation, helps to enhance feed phytogenics’ shelf life, thus prolonging shelf life of the essential oil content. Through integration of liquid, gaseous, and solid substance into millimetric capsule, encapsulation enables protection of feed phytogenics from various environmental changes. In addition, for protection from several environmental factors, encapsulation aids toward stability in ration, improved digestion, and enhancement of palatability.
Increasing demand for feed phytogenics across various livestock segments such as ruminants, swine, and poultry is a major factor estimated to drive growth of the global market over the next 10 years. In addition, rising awareness about maintaining feed quality and animal health is another factor estimated to support revenue growth of the global market over the next 10 years.
Various features offered by these specialty coating materials such as enhance palatability, anti-oxidative effect, improved gut functions, and others is another factor projected to propel adoption of feed phytogenics, which in turn is expected to drive growth of the global market over the forecast period. In addition, growing demand for these additives from equine, aquatic, and pet animals segment is another factor estimated to increase feed phytogenics demand, which in turn anticipated to drive growth of the global market in the next few years.
On the basis of type, essential oils segment is expected to dominate the global feed phytogenics market, owing to ban on use of antibiotics as a growth promoter in the animal feed, which is a major factor expected drive revenue growth of the segment over the forecast period. The essential oils segment revenue is anticipated to register highest CAGR over the forecast.
On the basis of function, the palatability enhancer segment is expected to account for significant share in terms of revenue in the global market, owing to its ability to increase feed intake in livestock due to presence of aroma and flavor. The palatability enhancer segment revenue is also projected to register highest CAGR over the forecast.
On the basis of livestock, the poultry segment is expected to account for major share in terms of revenue in the global market. The poultry segment revenue is also anticipated to register highest CAGR over the forecast.
Asia Pacific feed phytogenics market is estimated to account for major share in terms of revenue in the global market. The Asia Pacific market is also projected to register faster growth in terms of revenue over the next 10 years, owing to increasing demand for quality meat products and increasing awareness about the food safety and quality of the meat among consumers in the countries in this region. The market in China is projected to account for major share in terms of revenue in the Asia Pacific market.
Global feed phytogenics market segmentation:
Segmentation by type:
- Herbs & spices
- Essential oils
- Other types (mucilage and Echinacea)
Segmentation by function:
- Performance enhancers
- Palatability enhancers
- Other functions (antioxidants, preventative health maintainers, and greenhouse gas emission mitigators)
Segmentation by livestock:
- Aquatic animals
- Other livestock (pets and equine)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Cargill, Incorporated
- I. du Pont de Nemours and Company
- BIOMIN Holding GmbH
- Delacon Biotechnik GmbH
- Bluestar Adisseo Company
- Kemin Industries, Inc.
- DOSTOFARM GmbH
- Phytobiotics Futterzusatzstoffe GmbH
- Pancosma SA
- A&A Pharmachem Inc.
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