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Phytogenic Feed Additives Market

: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Global Phosphoric acid Market by Process Type (Wet Process, Thermal Process, and others), by Application (Phosphate chemicals, Other industrial Applications, Home cleaning agents and others), by Grade (Technical grade, Food Grade), by end user (fertilizer, medical, food & beverage, electronics, and others), and by Geography

 

Global Phytogenic Feed Additives Market

 

Market Outline: Global Phytogenic Feed Additives Market

Phytogenic feed additives are the plant-based feed additives or botanicals used in animal feed to promote the growth and performance of animals. Apart from anti-microbial property, phytogenic feed additives also exhibit the anti-oxidant property, enhance gut functions, increase enzymatic activity in the intestinal tract, improve nutrient utilization, and improve palatability in animals. These are better alternatives for the antibiotic growth promoters for livestock.

 

Market Dynamics: Global Phytogenic Feed Additives Market

Rise in demand for healthy meat and other livestock products coupled with grow in demand for natural feed additives drive the global phytogenic feed additives market. Moreover, rise in R&D for the development of newer phytogenic feed additives, stringent regulations for the usage of antibiotics in animal feed products in North America and Europe region, grow in concern about the outbreak of animal diseases, increase in per-capita feed consumption, and grow in number of livestock industries are anticipated to bolster the global phytogenic feed additives market over the forecast timeframe. However, low efficacy of phytogenic feed additives, unpleasant taste and odor, escalation in the cost of products, and variation in the final product concentration due to evaporation of volatile oils are dampen the growth of global phytogenic feed additives market.

 

Market Scope: Global Phytogenic Feed Additives Market

Global phytogenic feed additives market is segmented based on product type, animal type, and application,

Based on product type, market is segmented into the following:

  • Herbs and Spices
  • Essential Oils
  • Oleoresins
  • Others

Based on the animal type, market is segmented into the following:

  • Swine
  • Poultry
  • Bovine
  • Equine
  • Cattle
  • Aquaculture
  • Others

Based on the application, the market is segmented into the following:

  • Palatability Enhancers
  • Performance Enhancers
  • Others

 Geography

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Regional Analysis: Global Phytogenic Feed Additives Market

Geographically, global phytogenic feed additives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America phytogenic feed additives market prominent share attributed to surge in the production of phytogenic feed additives, stringent regulations by the FDA for the use of chemical antibiotics, and rise in health concerns among the people preferring the healthy meat and other livestock products are fuel the market. Europe phytogenic feed additives market has lucrative growth owing to ban on antibiotics by certain EU countries, increase in the number of livestock industries, and rise in awareness about the phytogenic products are bolster the market. Asia Pacific phytogenic feed additives market has prominent share attributed to increase in the consumption of livestock products due to rise in population in India, China, and japan, grow in awareness about the outbreak of livestock diseases, and increase in the adoption of packaged meat products are enhance the revenue of market

 

Competition Assessment: Global Phytogenic Feed Additives Market

Some of the players in the global phytogenic feed additives market include:

  • Kemin Industries Inc. (U.S.)
  • Phytobiotics Futterzusatzstoffe GmbH (Germany)
  • Cargill, Inc. (U.S.)
  • Delacon Biotechnik GmbH (Austria)
  • Dostofarm GmbH (Germany)
  • Pancosma SA (Switzerland)
  • Adisseo (China)
  • A&A Pharmachem Inc. (Canada)
  • I. du Pont de Nemours and Company (U.S.)
  • Biomin Holding GmbH (Austria)

Notable Market Developments: Global Phytogenic Feed Additives Market

  • In November 2017, Biomin launched next generation feed additive Digestarom DC in Indian market that improve the feed conversion of livestock