The global Phytogenic Feed Additives Market size is expected to reach USD 1,371 Million by 2028 at a CAGR of 7.7%, according to a new report by Reports and Data. Phytogenics are basically the natural or non-antibiotic growth promoters derived from plants. They are highly used as feed additives, derived from vegetables & fruits, herbs & spices, or flowers. Various phytogenic feed additives are used in livestock feed including saponins, flavonoids, tannins, essential oils, oleoresins, pungent substances, mucilages, and bitter substances.
The report also examines the financial standing of leading companies in detail, which consists of market position, gross profit, overall revenue, sales volume, manufacturing, growth rate, and other vital facts & figures. It profiles the leading companies in the industry to derive market positions, and strengths and weaknesses of established competitors and new entrants by utilizing analytical tools like SWOT Analysis and Porter’s Five Forces Analysis. The study also highlights production capacity, consumer base, value, volume, product offerings, upstream suppliers, downstream buyers, market concentration rate, and leading regions to give an exhaustive evaluation of the global landscape.
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Key Players:
Major participants operating in the industry are Delacon Biotechnik GmbH (Austria), BIOMIN Holding GmbH (Austria), DOSTOFARM GmbH (Germany), IGUSOL S.A. (Spain), Pancosma (Switzerland), Phytobiotics Futterzusatzstoffe GmbH (Germany), Phutosynthese (France), NOR-FEED (France), and Silvateam S.p.A. (Italy).
Further key findings in the report:
- The poultry sub-segment led the phytogenic feed additives sector in the year 2019. This sub-segment’s superiority is resultant to the increasing demand for AGP replacers, particularly in the nations like China, the U.S., and Brazil. Such rapid growth in the production of poultry meat is predicted to further augment need for excellent quality feed, thereby accelerating the market’s growth.
- The growing feed production is the primary factor fueling the feed phytogenics industry worldwide, due to phytogenic’s several health-induced benefits and antibiotic-free nature in animals.
- APAC accounted for the sizeable market share in 2019, in terms of value. The region’s growth is attributed to the growing need for superior meat quality as well as dairy products from health enthusiasts, and rising popularity for natural pet food ingredients added with proper nutritional value.
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For the purpose of this report, Reports and Data has segmented the global phytogenic feed additives market on the basis of type, livestock, source, form, and region:
Type Outlook (Revenue, USD Million, 2018 - 2028)
- Essential oils
- Flavonoids
- Saponins
- Oleoresins
- Others (mucilage, tannins, bitter substances, and pungent substances)
Livestock Outlook (Revenue, USD Million, 2018 - 2028)
- Poultry
- Swine
- Ruminants
- Aquatic animals
- Others (pets and equine)
Source Outlook (Revenue, USD Million, 2018 - 2028)
- Herbs & spices
- Flowers
- Fruits & vegetables
Function Outlook (Revenue, USD Million, 2018 - 2028)
- Performance enhancers
- Antimicrobial properties
- Palatability enhancers
- Others (phytogenic feed additives with anti-inflammatory properties and better feed conversion)
Form Outlook (Revenue, USD Million, 2018 - 2028)
- Dry
- Liquid
Regional Outlook (Revenue, USD Million, 2018 - 2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- U.K
- Rest of Europe
- Asia Pacific
- China
- India
- Australia
- Japan
- Rest of Asia Pacific
- Rest of the world
- Brazil
- Argentina
- South Africa
- Others
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Key Questions Answered In The Report
- What will be the market size and growth rate in the forecast year?
- What are the key factors driving the global Phytogenic Feed Additives market?
- What are the risks and challenges in front of the market?
- Who are the key players in the global Phytogenic Feed Additives market?
- What are the trending factors influencing the market shares?
- What are the key outcomes of Porter’s five forces model?
- Which are the global opportunities for expanding the global Phytogenic Feed Additives market?
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