Feed Phytogenic Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 - 2024

Report Code: ZMR-3103 | Report Format : | Status : Upcoming |

Abstract

Global Feed Phytogenic Market: Overview

Phytogenics are natural growth promoters on non-antibiotic growth promoters used as feed additives. These are mainly derived from herbs and spices or other plants. They are also used as alternatives to antibiotic growth promoters in livestock production. Feed phytogenics are segmented based on types like essential oils, herbs and spices oleoresin and others. And in livestock such as swine, ruminants, aquatics, equine poultry and others.

Global Feed Phytogenic Market: Growth Factors

Feed phytogenics market is expected to witness rapid growth over the forecast period. Increasing per capita meat consumption and rising livestock production is the main reason for market growth. The rise in meat consumption brought a significant increase in the utilization of feed additives. The ban on the use of antibiotics as a growth promoter also acted favorably. Furthermore, European Union and U.S. FDA are in support of increased consumption rate of feed phytogenics. Implementation of new technology like an encapsulation of active ingredients, the efficacy of phytogenic feed additives improved to great extent. The essential oil is expected to witness highest CAGR in the forecast period.

Global Feed Phytogenic Market: Segmentation

Feed Phytogenic Market is segmented on the basis of types, livestock, and geography. Phytogenics market is segmented into essential oils, oleoresins, herbs, spices and others like Echinacea, mucilage etc. The essential oil is expected to attain the highest market share in the feed phytogenics market. On the basis of livestock, the market is segmented into ruminants, swine, poultry, aquatic, equine, and pet animals among others. Poultry among the livestock segment is expected to account higher market value in the global feed phytogenics market. Due to increasing demand for safe and organic poultry, poultry is expanded to contribute significant growth for feed phytogenic markets in the forecast period.

Global Feed Phytogenic Market: Regional Analysis

The Asia Pacific has the highest growth in feed phytogenic market. Emerging countries like China, Singapore, and Thailand shows the rising demand for feed phytogenics. The Middle East and Africa, Latin America, Western and Eastern Europe and Japan are the major geographic regions where a large number of demand is estimated. Globally Asia Pacific is projected to attain relatively higher revenue share in this market. Europe is expected to witness rapid growth in the forecast period. Due to continuous investments made by European manufacturers in order to expand their geographical presence.

Global Feed Phytogenic Market: Competitive Players

Some of the important players in Global Feed Phytogenic Market are Delacon Biotechnik Gmbh, Phytobiotics Futterzusatzstoffe Gmbh, BIOMIN Holding GmbH, Cargill Incorporated, E.I. du Pont de Nemours and company, Nutricare Life sciences, Pancosma and Slivestris.

Global Feed Phytogenic Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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