The North America feed phytogenics market size is anticipated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing production of meat products.
Feed phytogenics are plant-based nutrients that are feed to animal diets with the aim to improve animal performance. These are natural bioactive compounds with positively impact the animal growth. Feed phytogenics are used for the purpose of antimicrobial effect, digestibility enhancement, and performance improvement. The benefit includes cost reduction and integration of technological innovations.
The challenge that is faced by manufacturers is the right mixture of natural substances while fully exploiting the energy to the animals among their active ingredients. Major of the animal feed corporations are focusing on sustainable products.
The report on the North America feed phytogenics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
North America Feed Phytogenics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Ingredients (Herbs and Species, Essential Oils, and Other Ingredients), Applications (Feed Intake and Digestibility, Flavoring and Aroma, and Other Applications) and Animal Types (Ruminant, Poultry, Swine, and Other Types) |
Geographical Scope |
The US, Canada, Mexico, and Rest of the North America |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Biomin; Delacon Biotechnik; Danisco; Pancosma SA; and Igusol |
Based on ingredients, the market is divided into herbs and species, essential oils, and other ingredients. The essential oils segment is anticipated to expand at a rapid pace during the forecast period owing to easy availability of natural compounds. However, the herbs and spices segment is anticipated to hold a key share of the market in the coming years owing to low cost of fresh herbs and spices.
On the basis of applications, the market is segregated into feed intake and digestibility, flavoring and aroma, and other applications. The feed intake and digestibility segment is projected to expand at a considerable CAGR during the forecast period owing to increasing production of animal meat. On the other hand, the flavoring and aroma segment is anticipated to account for a major market share during the forecast period due to increasing preference for taste among animals.
In terms of animal types, the market is segregated into ruminant, poultry, swine, and other types. The poultry segment is projected to expand at a considerable CAGR during the forecast period owing to growing demand for chicken-based meat products.
In terms of geography, the market is classified as the US, Canada, Mexico and Rest of the North America. The US is expected to constitute a key share of the market during the projected period owing to high population of poultry and livestock available. However, Canada is anticipated to expand at a rapid pace during the forecast period owing to growing protein intake among people of Canada.
The North America feed phytogenics market has been segmented on the basis of
Key players competing in the North America feed phytogenics market are Biomin; Delacon Biotechnik; Danisco; Pancosma SA; and Igusol.
In October 2020, Biomin, a specialty animal nutrition and health business, completed the acquisition with Royal DSM, a global science-based company in nutrition, health and sustainable living.
The North America feed phytogenics market has been segmented on the basis of
Key players competing in the North America feed phytogenics market are Biomin; Delacon Biotechnik; Danisco; Pancosma SA; and Igusol.
In October 2020, Biomin, a specialty animal nutrition and health business, completed the acquisition with Royal DSM, a global science-based company in nutrition, health and sustainable living.
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