Feed Phytogenic Market Share, Worldwide Growth and Business Forecast to 2025

Research Reports

Jan 20, 2021

Market Analysis

Global Feed Phytogenic Market was valued at USD 636.5 million in 2018 and is expected to cross USD 1.04 Billion by 2025, registering an impressive CAGR of 8.5%.

Currently, the palatability enhancers segment is larger as these additives are not subject to stringent regulations. Performance enhancing feed phytogenics must comply with strict regulations, especially in Europe and North America. Performance enhancing feed phytogenics are known to be more effective than their artificial counterparts, thus, contributing to market growth.

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Key Players

Biomin Holding GmbH (Austria)
Cargill Inc. (US)
DowDupont (US)
Kemin Industries, Inc. (US)
Phytobiotics Futterzusatzstoffe GmbH (Germany)
Bluestar Adisseo Company (China)
Synthite Industries Ltd. (India)
The Himalaya Drug Company (India)
Pancosma (Switzerland)
Dostofarm GmbH (Germany)
Phytosynthese (France)
Silvateam S.P.A. (Italy)
Delacon Biotechnik GmbH (Austria)
Natural Remedies (India)

The performance enhancing Feed Phytogenics Market segment has vast untapped potential and manufacturers may invest in the research and development of these products to increase their market shares.

Segmentation

By Type

Essential Oils: The largest and fastest-growing market segment. Essential oils find applicability in feed for all livestock and are especially beneficial in the large poultry feed industry. In the ruminant industry, the application of essential oils results in a marked reduction of nitrogen pollution by reducing ammonia emissions. This aids in increasing the overall livestock weight as excess ammonia adversely affects the growth potential of animals.

Others: Numerous plant extracts, as well as flavonoids and carotenoids, are covered in this category. A small market segment that capitalizes on by-products.

By Livestock Type

Ruminant: The ruminant segment is the second largest. The large bovine population in Asia and the Americas are driving the growth of the segment. The emphasis on enhanced dairy production and the ban on antibiotics for livestock are further fueling growth.

Others: Pets and equine are covered under this heading. The market segments are relatively small but provide excellent returns on investment.

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By Action

Performance Enhancers: The market segment with the most potential, it is currently underdeveloped due to heavy regulations and the need for research on the effects of performance enhancers. The segment is expected to register the higher CAGR during the forecast period.

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