About Feed Phytogenics
Feed Phytogenic or Phytogenic feed additives are also known as PFAs or botanicals is used to increase animal performance by adding plant origin substance in an animal’s diet. The key benefits of the feed phytogenic include enhanced animal performance, reduced emissions, improved feed efficiency and others. Increasing meat consumption from the Asia region and the high demand for organic meat is the key driver for the market. Additionally, increasing preference towards natural growth promoters (NGP), rising demand for feed phytogenic due to antibiotics ban and rising demand for dairy products have been supplementing the overall growth of the market. However, the side effects of feed phytogenic such as unpleasant taste and toxicity and instability in raw material costs are the major reason for limiting the market. Moreover, the implementation of advanced technologies such as encapsulation of active ingredients have improved efficiency of feed phytogenic, can create a big opportunity for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Cargill, Kemin Industries Inc., Biomin Holding GmbH, Delacon Biotechnik GmbH, Dostofarm GmbH. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Feed Phytogenics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), E. I. Du Pont De Nemours and Company (United States), Kemin Industries Inc. (United States), Biomin Holding GmbH (Austria), Delacon Biotechnik GmbH (Austria), Dostofarm GmbH (Germany), Adisseo (China), Phytobiotics Futterzusatzstoffe GmbH (Germany), Pancosma SA (Switzerland) and A&A Pharmachem Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Phytosynthese and Kemin Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Feed Phytogenics market by and Region.
On the basis of geography, the market of Feed Phytogenics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Type, the sub-segment i.e. Essential oils will boost the Feed Phytogenics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Livestock , the sub-segment i.e. Poultry will boost the Feed Phytogenics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function , the sub-segment i.e. Palatability Enhancers will boost the Feed Phytogenics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Plant Family , the sub-segment i.e. Labiateae will boost the Feed Phytogenics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand due to Increasing Disposal Income among Middle-Class People and Increasing Livestock Production
Market Growth Drivers:
Increasing Meat Consumption and High Demand for Organic Meat, Rising Demand for Feed Phytogenic due to Antibiotics Ban, Increasing Preference towards Natural Growth Promoters (NGP) and Rising Demand for Dairy Products
Challenges:
Instability in the raw material Costs
Restraints:
Side Effects of Feed Phytogenic Such As Unpleasant Taste and Toxicity
Opportunities:
Implementation of Advanced Technique such as Encapsulation of Active Ingredients have Improved Efficiency of Feed Phytogenic
Market Leaders and their expansionary development strategies
In January 2023, Dr. Eckel Animal Nutrition has entered into a partnership with Evonik, one of the world leaders in specialty chemicals, effective. It often needs complex solutions to maintain health and productivity in the barn without antibiotics,” said Gaetano Blanda, head of the Animal Nutrition business line at Evonik. “In combination with our existing Gut Health Solutions, phytogenics will help farmers achieve this goal.
In December 2020, according to the Philippines Journal of Fisheries, drugs were used for chemotherapy to reduce, prevent, and treat diseases in aquaculture. Thus, chemotherapy has some negative impacts on fish and human health. As a substitute, phytogenic feeds have shown exceptional results, such as appetite stimulation and weight gain. In addition to that, it is said to act as an immunostimulant inheriting anti-pathogenic properties in fishes.
Key Target Audience
Key Players Operating in Feed Phytogenic Market, Raw Material Suppliers, Distributors and Suppliers, Emerging Startups, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.