Feed Phytogenics Market

Feed Phytogenics Market: Overview

The rising demand for feed phytogenics due to its positive effect on the health of livestock, may create multiple opportunities for growth of the feed phytogenics market during the forecast period of 2021-2031. In addition, the rising disposable income in developed economies and the growing spending on animal health expenditure will bring substantial growth for the phytogenics market.

Feed phytogenics is an effective and suitable substitute for antibiotic growth promoters that can cause harm to the environment as well as human health. It helps in the prevention of animal disorders such as diarrhea and digestion-related issues more effectively Furthermore, it enhances the food intake and improves the gut functions of animals. Thus, the advantages associated with the use of feed phytogenics in animal livestock may create considerable growth prospects for the feed phytogenics market.

On the basis of form, the feed phytogenics market can be segmented into liquid and dry segments. Based on products, the market can be classified into essential oils, oleoresins, herbs & spices, and others. On the basis of livestock, the market can be categorized into Aquatic, poultry, swine, ruminant, equine, and others. By application the feed phytogenics market can be divided into digestibility, food intake, aroma, flavoring, and others.

The team at Transparency Market Research (TMR) has gathered crucial information on the overall growth trajectory of the feed phytogenics market. The upcoming report on the feed phytogenics market gives a detailed insight into diverse growth aspects. The key trend, opportunities, competitive analysis, and regional prospects are taken into consideration while curating the report. These parameters help the CXOs and stakeholders understand the current market scenario and take decisions accordingly. Furthermore, the COVID-19 impact is also included in the report.

Feed Phytogenics Market: Wholesome Competitive Insights

The feed phytogenics market has various strong players in the fray. The tough competition in the feed phytogenics market has led to huge investments by players in the R&D activities to make better products and expand their global presence. The growing adoption of novel testing methods is boost the growth prospects of the feed phytogenics market. The players indulge in developing various strategies to meet up the market demand. Such activities contribute to the growth of the feed phytogenics market.

The key players are focusing on joining hands with startups, mergers, acquisitions, joint ventures, and partnerships to expand their presence which may ultimately bring new growth of opportunities to the feed phytogenics market. These activities help in building up the influence of the players, eventually increasing the growth rate of the feed phytogenics market.

Some well-entrenched players in the feed phytogenics market are DuPont, Adisseo, Biomin GmbH, Delacon Biotechnik GmbH, and Cargill, Incorporated.

Feed Phytogenics Market: Important Trends

The health-induced benefits provided by feed phytogenics have resulted in its burgeoning demand. Furthermore, the growing preference for antibiotic-free additives by consumers has increased the demand substantially. Thus, these factors set the stage for the growth of the feed phytogenics market.

The rising demand for good quality meat and milk across the globe is increasing the preference for the use of natural ingredients in animal feed which may create numerous lucrative opportunities for the feed phytogenics market.

Essential oils are being opted as a safe alternative for antibiotics as they are naturally obtained from plants. This has boosted the growth of the essential oil segment and this aspect may ultimately create a positive impact on the growth of the feed phytogenics market.

The disruptions in supply chains due to the ongoing COVID-19 pandemic have affected all the markets across the globe, but due to the relaxations in restrictions, things may normalize soon.

Feed Phytogenics Market: Noteworthy Regions

The feed phytogenics market in Asia Pacific is expected to witness substantial growth during the forecast period of 2021-2031. The presence of a large livestock population in several countries, especially India will create new growth opportunities. Furthermore, the high population of cattle in countries such as India and China will also assure good growth opportunities for the feed phytogenics market.