Feed Phytobiotics Market has been Segmented Based on Source, Livestock, Function and Region

Research Reports

Jan 23, 2021

Market Overview

Feed Phytobiotics Market is projected to grow at a CAGR of 8.4% over the forecast period. Feed phytobiotics are plant products added to livestock feed to improve feed performance. These phytobiotics are derived from roots, spices, tubers, herbs, and other plant sources. They are available in solid, dried, and ground forms. Feed phytobiotics are used to improve the feed quality, animal health and reduce the livestock diseases, which further enhances the quality of products derived from livestock.

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Major Key Players

I. du Pont de Nemours and Company (U.S.)
ForFarmers N.V.(Netherlands)
Kemin Industries, Inc.(U.S.)
AB Agri Ltd. (U.K.)
Archer-Daniels-Midland Company (U.S.)
Alltech, Inc.(U.S.)
BIOMIN Holding GmbH (Austria)
Cargill Inc.(U.S.)
Neovia (France) and
Phytobiotics Futterzusatzstoffe GmbH (Germany)

Segments

Global Feed Phytobiotics Market is segmented by source such as plant extracts, spices, herbs, and others. Among all, feed prepared from plant extract is dominating the market followed by spices. Essential oils extracted from the plants are identified to have good anti-microbial properties, which is commonly used in poultry and livestock feed application. Moreover, spices segment is growing rapidly owing to anti-inflammatory properties, which is used in livestock feed.

Among all, poultry is dominating the market based on increased consumption of poultry and meat products globally. However, ruminants segment is projected to witness steady growth over the forecast period owing to growth in the poultry industry.

Regional Analysis

Global Feed Phytobiotics Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the feed phytobiotics market followed by North America. In Asia Pacific, China is the major contributor of poultry products, which, in turn, boost the market growth in this region. Furthermore, increasing consumption of livestock and rapidly growing population in developing countries of Asia Pacific is pushing the growth of the feed phytobiotics market.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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