The global feed phytogenic market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing restriction on the use of antibiotics as a growth promoter.
Phytogenic are a group of non-antibiotic growth promoters or natural growth promoters used as feed components, derived from herbs, spices, or other plant life. Essential oils denote a focused form of phytogenic, containing energetic substances of plant life. The spectrum of feed phytogenic components is substantial and does not only consist of vital oils; however, it also consists of different energetic component groups, including stinky substances, sour materials, saponins, flavonoids, mucilage, and tannins. Phytogenic feed additives, known as PFAs or botanicals, are elements of plant sources delivered to animal diets at suggested stages with the aim of enhancing animal vitamins and growth.
The capability of phytogenic feed additives to endorse growth in young piglets and poultry is under preliminary research. Aside from having antimicrobial movement, these products probably provide anti-oxidative results, improve palatability, and develop gut capabilities. However, there are constrained studies validating their potential benefits.
Market Trends, Drivers, Restraints, and Opportunities
- Rising concern regarding animal health as well as an increase in the production of animal feed is estimated to drive the market.
- The antibiotic-free nature and other health-induced benefits of phytogenic in animals are driving the expansion of the feed phytogenic market.
- Encapsulated technology enhances the proficiency of phytogenic feed additives, thus such awareness is speculated to contribute to the growth of the market.
- High cost of active ingredients used in phytogenic feed additives is expected to hinder the market.
- Counterfeit products in developing economies can create challenges for the market.
- The increased preference for natural solutions for pet food nutrition is anticipated to create lucrative opportunities in the projected timeline.
Scope of Feed Phytogenic Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Feed Phytogenic Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Ingredient (Essential Oils, Herbs & Spices, and Others), Animal Type (Poultry, Ruminant, Swine, and Others), and Application (Feed Intake & Digestibility, Flavoring & Aroma, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cargill, Incorporated; Bluestar Adisseo; Delacon Biotechnik GmbH; DuPont; and Biomin GmbH
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Feed Phytogenic Market Segment Insights
Based on ingredient, the global feed phytogenic market is classified as essential oils, herbs & spices, and others. The herbs & spices segment is expected to constitute a key share of the market during the projected period. Herbs & spices have been favored massive attention within the feed industry in recent years, due to their medicinal properties, flavors, and the ban on the use of positive antibiotics. They also are gaining significance as they no longer have a poor effect on animals, in terms of long-term consumption. Herbs & spices promote nutritious digestion of the animal, exhibit anti-inflammatory properties, and act as antimicrobials, antioxidants, and immunostimulants when introduced as phytogenic feed components in animal nutrition.
On the basis of animal type, the market is segregated into poultry, ruminant, swine, and others. The swine segment is projected to expand at a considerable CAGR during the forecast period. Pork is one of the most consumed meat types across the world. Rising beef alternatives and issues over meat safety have increased the demand for phytogenic feed components.
In terms of application, the global feed phytogenic market is divided into feed intake & digestibility, flavoring and aroma, and others. The flavoring and aroma segment is estimated to grow at a rapid pace in the coming years. Essential oils are aromatic oily liquids, which are received from plant substances, which include flowers, leaves, fruits, and roots.
Based on region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market in the coming years. The replacement approach for the absence of dangerous residues and antibiotic growth promoters in plant-based total components is spurring the market growth in the region.
Segments
Segments Covered in the Report
The global feed phytogenic market has been segmented on the basis of:
Ingredient
- Essential Oils
- Herbs & Spices
- Others
Animal Type
- Poultry
- Ruminant
- Swine
- Others
Application
- Feed Intake & Digestibility
- Flavoring & Aroma
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
The key players competing in the feed phytogenic market are Cargill, Incorporated; Bluestar Adisseo; Delacon Biotechnik GmbH; DuPont; and Biomin GmbH.
In 2017, the planned partnership between Delacon and Cargill to expand their photogenic product portfolio.
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