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Feed Phytogenics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027

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Feed Phytogenics refers to a wide variety of plant-derived products such as herbs, spices, and products, used to feed animals in order to improve the performance of agricultural livestock. The phytogenic feed compounds possess antioxidant property that contribute towards the protection of feed lipids from oxidative damage. Some of the other beneficial properties of feed phytogenics include antiviral, antifungal, and antimicrobial properties that help in enhancing palatability, improve gut functions, and promote growth. Feed phytogenics are widely available as dried and ground material, extracts or essential oils. Rising concerns relating to antibiotic growth promoters has resulted into a shift towards the use of alternate growth-promoting agents in animal nutrition. This is expected to fuel the demand for feed phytogenics market during the forecast period.

Market Dynamics of Feed Phytogenics:

Feed Phytogenics market is expected to witness rapid growth over the forecast period. Rapid growth of feed phytogenics market can be attributed to the factors such as increasing per capita meat consumption coupled with the rising livestock production over the forecast period. Rise in meat consumption brought a significant increase in the utilization of feed additives. Growth of organic meat sector also contribute vitally to the growth of feed phytogenics market. Further, the reduced usage of antibiotics as growth promoters also acted favorably in raising the demand for feed phytogenics market. Ban on the use of antibiotics by European Union and U.S. FDA supports the increased consumption of feed phytogenics. Furthermore, with the implementation of new technologies like encapsulation of active ingredients, the efficacy of phytogenic feed additives improved to a great extent.

Market Segmentation of Feed Phytogenics:

Feed Phytogenics market is segmented on the basis of type, livestock, and geography. Based upon type, feed phytogenics market is segmented into essential oils, oleoresins, herbs & spices, and others such as echinacea, mucilage etc. Essential oil is expected to attain relatively higher market share in the feed phytogenics market. High revenue share of essential oils in the feed phytogenics market can be attributed to its high contribution as feed additives in promoting animal nutrition.  On the basis of livestock, feed phytogenics market is segmented into ruminants, swine, poultry, equine, aquatic, and others such as pet animals. Poultry sub-segment among the livestock segment is expected to account for relatively higher market value in the global feed phytogenics market. Factors such as increasing demand for safe and organic poultry, expansion of poultry segment are expected to contribute significantly in the segment growth during the forecast period.

Regional Outlook of Feed Phytogenics:

Based on geography, Feed Phytogenics market is segmented into seven different regions namely Asia-Pacific, Middle East and Africa, Latin America, Western Europe, Eastern Europe, North America, and Japan. Asia Pacific is projected to attain relatively higher revenue share in the global feed phytogenics market. Higher revenue share of the region can be attributed to the continuous investments made by manufacturers in order to expand their geographical presence in the emerging economies. Europe is expected to witness rapid growth in the feed phytogenics market during the reviewed period. Ban of in-feed antibiotics by the European Union is expected to elevate the demand for feed phytogenics during the forecast period.

Key Market Players in Feed Phytogenics:

Some of the key players in the feed phytogenics market include Cargill Incorporated., Delacon Biotechnik GmbH, Phytobiotics Futterzusatzstoffe GmbH, BIOMIN Holding GmbH, E. I. du Pont de Nemours and Company, Pancosma SA, and Nutricare Lifesciences, Silvestris among others. Leading manufacturers in the feed phytogenics market are keen to expand their product portfolio to strength their position in the market. New product developments coupled with the increased R&D investments are some of some of the key initiatives taken by the companies to meet the growing demand for feed phytogenics.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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