North America Feed Phytogenics Market Growth & Trends [2031]
North America Feed Phytogenics Market Growth & Trends [2031]
Segments - North America Feed Phytogenics Market by Ingredient (Herbs and Species, Essential Oils, and Other Ingredients), Application (Feed Intake and Digestibility, Flavoring and Aroma, and Other Applications), Animal Type (Ruminant, Poultry, Swine, and Other Types), and Geography (The US, Canada, Mexico, and Rest of the North America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-2321
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| 215 Pages
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Report Description
The North America feed phytogenics market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3.3% during 2023–2031. The growth of the market is attributed to the increasing production of meat products.
Feed phytogenics are plant-based nutrients that are fed to animal diets with the aim to improve animal performance. These are natural bioactive compounds with positively impact 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 of the animals among their active ingredients. Major animal feed corporations are focusing on sustainable products.
North America Feed Phytogenics Market Trends, Drivers, Restraints, and Opportunities
- Rising concerns regarding animal health and feed quality are expected to drive the market.
- Growing research & development (R&D) expenditure in the agriculture sector is expected to propel the market.
- Closure of restaurants and meat shops due to the COVID-19 outbreak decreased the demand for feed phytogenics is expected to hamper the market.
- Increasing awareness of side effects is anticipated to impede the market.
- Expanding applications of phytogenics in pet foods and medicines for treating allergies in animals are projected to impact the market in the projected timeline.
Scope of North America Feed Phytogenics 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 |
Details |
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Report Title |
North America Feed Phytogenics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Ingredient (Herbs and Species, Essential Oils, and Other Ingredients), Application (Feed Intake and Digestibility, Flavoring and Aroma, and Other Applications), and Animal Type (Ruminant, Poultry, Swine, and Other Types) |
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Geographical Scope |
The US, Canada, Mexico, and Rest of the North America |
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Report Coverage |
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 |
Biomin; Delacon Biotechnik; Danisco; Pancosma SA; and Igusol |
North America Feed Phytogenics Market Segment Insights
Based on ingredient, 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 the 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 the low cost of fresh herbs and spices.
On the basis of application, 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 the 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 an increasing preference for taste among animals.
In terms of animal type, 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 the 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 the 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 the people of Canada.
Segments
The North America feed phytogenics market has been segmented on the basis of
Ingredient
- Herbs and Species
- Essential Oils
- Other Ingredients
Application
- Feed Intake and Digestibility
- Flavoring and Aroma
- Other Applications
Animal Type
- Ruminant
- Poultry
- Swine
- Other Types
Geography
- The US
- Mexico
- Canada
- Rest of the North America
Key Players
- Biomin
- Delacon Biotechnik
- Danisco
- Pancosma SA
- Igusol
Competitive Landscape
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 of Royal DSM, a global science-based company in nutrition, health, and sustainable living.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. North America Feed Phytogenics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. North America Feed Phytogenics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. North America Feed Phytogenics Market - Supply Chain
4.5. Global North America Feed Phytogenics Market Forecast
4.5.1. North America Feed Phytogenics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. North America Feed Phytogenics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. North America Feed Phytogenics Market Absolute $ Opportunity
5. Global North America Feed Phytogenics Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. North America Feed Phytogenics Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global North America Feed Phytogenics Demand Share Forecast, 2019-2026
6. North America North America Feed Phytogenics Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America North America Feed Phytogenics Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America North America Feed Phytogenics Demand Share Forecast, 2019-2026
7. Latin America North America Feed Phytogenics Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America North America Feed Phytogenics Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America North America Feed Phytogenics Demand Share Forecast, 2019-2026
8. Europe North America Feed Phytogenics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe North America Feed Phytogenics Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe North America Feed Phytogenics Demand Share Forecast, 2019-2026
9. Asia Pacific North America Feed Phytogenics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific North America Feed Phytogenics Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific North America Feed Phytogenics Demand Share Forecast, 2019-2026
10. Middle East & Africa North America Feed Phytogenics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa North America Feed Phytogenics Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa North America Feed Phytogenics Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global North America Feed Phytogenics Market: Market Share Analysis
11.2. North America Feed Phytogenics Distributors and Customers
11.3. North America Feed Phytogenics Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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