Feed Phytogenic Market Overview
Feed Phytogenic Market size is $836Mn in 2020, growing at a CAGR of 9.7% during the forecast period 2021-2026. Phytogenic feed products are a category of natural growth promoters derived from essential oils, herbs and spices, and plant extracts. Increased feed intake, digestion enhancement, immune help, and muscle & bone growth are possible advantages provided by these products. Phytogenic feed additives have a beneficial impact on livestock health, but they are typically difficult to handle in the feed. As these are highly susceptible to oxidative & volatile properties, pungent odour, and high temperatures, many sensitive sources of phytogenics, especially essential oils, lose their efficiency and effectiveness. The increasing prevalence of diseases such as swine fever, mad cow disease, bird flu, and listeriosis has led farmers to become more concerned about the use of animal additives that drive market development.
Feed Phytogenic Market Report Coverage
The report: “Feed Phytogenic Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Feed Phytogenic Market.
By Type: Flavonoids, Saponins, Essential oils, Tannins and Others.
By Source: Flowers, Fruits & vegetables and Herbs & Spices.
By Form: Liquid and Dry.
By Livestock: Poultry, Aquatic animals, Swine, Ruminants and Others.
By Geography: North America, Europe, Asia-Pacific and Rest of the World.
- The rising awareness of livestock diseases has led to improved animal feeding practices being introduced is accelerating the Feed Phytogenic demand over the forecast years 2021-2026.
- Increasing consumption of seafood and increasing demand for derivative products such as cod liver oil, caviar and fish meals are likely to improve the adoption of phytogenic feed products.
- North America region is projected to record the fastest growth rate during the forecast period 2021-2026.
Feed Phytogenic Market Segment Analysis - By Source
In 2020, Herbs & Spices segment dominated the Feed Phytogenic Market in terms of revenue owing to their medicinal properties and flavours and the ban on the use of some antibiotics as growth promoters. They are also gaining popularity in terms of long-term use as they do not have a negative effect on livestock. The antioxidative and antimicrobial efficacy of herbs & spices in animal feed has been verified by various studies. Herbs & spices facilitate the safe digestion of livestock have anti-inflammatory properties and when applied to animal nutrition, they serve as antimicrobials, antioxidants, and immunostimulants as phytogenic feed additives abetting towards the growth of the market. Fruit and Vegetables is estimated to record the fastest CAGR of 10.1% during the forecast period 2021-2026 owing to the introduction of creative and unique products by producers that attract customers, which drives the market growth.
Feed Phytogenic Market Segment Analysis - By Livestock
In 2020, Poultry segment dominated the Feed Phytogenic Market in terms of revenue owing towards rising production of monoclonal antibodies (MAb) therapeutics. On the back of continuous technological developments, coupled with economic growth, poultry production has become vertically integrated and more intensive. The rise in disposable incomes of the population of the middle class worldwide has contributed to an increase in demand for healthy and organic poultry meat, thereby fueling the adoption of phytogenic feed. Swine is estimated to record the fastest CAGR of 10.4% during the forecast period 2021-2026 owing to increased pork consumption. In order to ensure meat quality and protection, demand for phytogenic feed additives is expected to increase with growing pork trade and concerns about meat safety, which in turn drives the market growth.
Feed Phytogenic Market Segment Analysis - By Geography
In 2020, the Asia-Pacific dominated Feed Phytogenic Market in terms of revenue with a market share of 39% owing towards rising public & private funding for R&D in this region with increasing production and demand for organic feed products. The use of antibiotics by producers to artificially fatten livestock is also faced with a recommendation by the National Antimicrobial Resistance Action Plan Committee in India for a ban, thus fueling growth in the Indian market for natural additives such as phytogenics. In addition, the region has seen an increase in the number of feed mills and the output of feed, particularly in countries such as India and Japan. The rise in feed production reflects this increase in the number of feed mills aids to the market’s growth. In addition, improving living standards are forecasted to drive the demand in this region. North America is forecasted to record the fastest growth rate during the forecast period 2021-2026 owing to the need for a protein-rich meat diet resultant to increased demand for meat and meat products.
Feed Phytogenic Market Drivers
Rising Production Demand And Acceptance Of Pet Food Nutrition
Innovative feed products made from naturally derived ingredients, such as plants and microbes, are being produced by several companies. Many companies sell plant-based feed additives for pet food, such as Silvateam S.p.A. (Italy). Thus the rise in the pet population convince many feed additive players to launch phytogenic feed additives in the pet food market, along with pet owners' concerns about pet health and nutrition drives the market growth. The need for botanical feed additives is further caused by the need for an improved feed conversion ratio and antibiotic-free additives from an increasing number of livestock producers. Owing to the accelerated productivity and output and health-induced benefits of phytogenics in animals, the rising feed demand is driving the phytogenic feed market.
Feed Phytogenic Market Challenges
Counterfeit Products And High Cost Of Active Ingredients
In various countries, the lack of clarity in patent security laws and regulatory enforcement has contributed to the duplication of goods. In order to reap the benefits of the increasing demand for plant-based feed additives, low-quality products are also added to the market by regional or local producers. Duplicate and low-quality goods can cause animal health problems and are a major concern for producers hampering the market growth. The raw materials used in the production of phytogenic feed are basic extracts from various spices and herbs. The prices of essential oils, however are high, which has impeded the growth of phytogenic feed products.
Feed Phytogenic Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in the Feed Phytogenic Industry. Feed Phytogenic top 10 companies include Bluestar Adisseo Company, Kemin Industries, Inc., DOSTOFARM Gmb, Phytobiotics Futterzusatzstoffe Gmbh, Pancosma SA, A&A Pharmachem Inc., Cargill, Incorporated, DuPont de Nemours and Company, BIOMIN Holding GmbH and Delacon Biotechnik GmbH.
- In January 2020, Kemin Industries, Inc. launched VANNIX™ C4 lineup of poultry gut health solutions. VANNIX C4 is a patented formulation of natural gut-health-fortifying ingredients designed to mitigate the impact of entry challenges on poultry efficiency as a cost-effective solution for producers.
- In October 2016, BIOMIN Holding GmbH launched new phytogenic feed product. The company finds the market for feed phytogenic additives to be very fragmented and there is ample room for new products. As the next version of Digestaron, the company calls for this product and requires the use of innovative technologies for which a patent has been applied.
1. Feed Phytogenic Market - Overview
1.1 Definitions and Scope
2. Feed Phytogenic Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Source
2.3 Key trends by Livestock
2.4 Key rends by Geography
3. Feed Phytogenic Market
3.1 Market Share Analysis
3.2 Comparative Analysis
3.2.1 Product Benchmarking – Key Companies
3.2.2 Financial Analysis– Key Companies
3.2.3 Patent Analysis
3.2.4 Customer Analysis
4. Feed Phytogenic Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.3 Venture Capital and Funding Scenario
5. Feed Phytogenic Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Feed Phytogenic Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Feed Phytogenic Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Feed Phytogenic Market – By Type (Market Size –$Million/$Billion)
8.3 Essential oils
9. Feed Phytogenic Market – By Source (Market Size –$Million/$Billion)
9.2 Fruits & vegetables
9.3 Herbs & Spices
10. Feed Phytogenic Market – By Form (Market Size –$Million/$Billion)
11. Feed Phytogenic Market – By Livestock (Market Size –$Million/$Billion)
11.2 Aquatic animals
12. Feed Phytogenic Market - By Geography (Market Size –$Million/$Billion)
12.1 North America
12.2.6 Rest of Europe
12.3.4 South Korea
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 Rest of the World
12.4.1 Middle East
12.4.3 South America
13. Feed Phytogenic Market - Entropy
14. Feed Phytogenic Market – Industry/Segment Competition Landscape Premium
14.1 Market Share Analysis
14.1.1 Market Share by Region – Key companies
14.1.2 Market Share by Countries – Key Companies
14.1.3 Best Practices for Companies
15. Feed Phytogenic Market – Key Company List by Country Premium Premium
16. Feed Phytogenic Market - Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
LIST OF FIGURES1.US Feed Phytogenic Market Revenue, 2019-2024 ($M)
2.Canada Feed Phytogenic Market Revenue, 2019-2024 ($M)
3.Mexico Feed Phytogenic Market Revenue, 2019-2024 ($M)
4.Brazil Feed Phytogenic Market Revenue, 2019-2024 ($M)
5.Argentina Feed Phytogenic Market Revenue, 2019-2024 ($M)
6.Peru Feed Phytogenic Market Revenue, 2019-2024 ($M)
7.Colombia Feed Phytogenic Market Revenue, 2019-2024 ($M)
8.Chile Feed Phytogenic Market Revenue, 2019-2024 ($M)
9.Rest of South America Feed Phytogenic Market Revenue, 2019-2024 ($M)
10.UK Feed Phytogenic Market Revenue, 2019-2024 ($M)
11.Germany Feed Phytogenic Market Revenue, 2019-2024 ($M)
12.France Feed Phytogenic Market Revenue, 2019-2024 ($M)
13.Italy Feed Phytogenic Market Revenue, 2019-2024 ($M)
14.Spain Feed Phytogenic Market Revenue, 2019-2024 ($M)
15.Rest of Europe Feed Phytogenic Market Revenue, 2019-2024 ($M)
16.China Feed Phytogenic Market Revenue, 2019-2024 ($M)
17.India Feed Phytogenic Market Revenue, 2019-2024 ($M)
18.Japan Feed Phytogenic Market Revenue, 2019-2024 ($M)
19.South Korea Feed Phytogenic Market Revenue, 2019-2024 ($M)
20.South Africa Feed Phytogenic Market Revenue, 2019-2024 ($M)
21.North America Feed Phytogenic By Application
22.South America Feed Phytogenic By Application
23.Europe Feed Phytogenic By Application
24.APAC Feed Phytogenic By Application
25.MENA Feed Phytogenic By Application
26.Feed Phytogenic Market:Competitive Landscape, Sales /Revenue, 2015-2018 ($Mn/$Bn)