Feed Phytogenics Market Size, Share and Forecast 2019 – 2026


Posted December 17, 2019 by srinath22

The Global Feed Phytogenics market is estimated to grow with a CAGR of 9.4 % during the forecast period from 2019 to 2026.

 
Market Overview
The Global Feed Phytogenics market is estimated to grow with a CAGR of 9.4 % during the forecast period from 2019 to 2026.
Phytogenic feed additives, known as PFAs or botanicals, are substances of plant origin added to animal diets at recommended levels with the aim of improving animal performance.
Phytogenics are known to have a range of biologically active properties that are beneficial in modern livestock production, including antioxidative, anti-inflammatory, anti-microbial and digestion enhancing effects.

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Market Drivers and Restraints
The rising awareness about animal health & feed quality, emergence of new technologies like encapsulation of feed phytogenics, consumer demand for more natural products and increased affordability of phytogenics due to rising availability and commoditization of various herbs used in phytogenic products are some of the critical factors which are expected to fuel the demand for feed phytogenics during the forecast period.
The increasing public concerns over the use of antibiotics as growth promoters is also driving the market for feed phytogenics. Antibiotics have long been used at sub-therapeutical levels in poultry, swine, aquaculture and ruminant diets for better growth performance. However, the use of antibiotics as growth enhancers in animal feed is becoming limited due to the increasing public concerns over the spread of antibiotic resistance in zoonotic bacterial pathogens, which poses a threat to public health.
The European Union (EU) and the U.S. have already banned the use of Antibiotics in Animal Feed. Thus, the limited purpose of antibiotics as growth promoters will boost the demand for feed phytogenics.

Market Segmentation
The Global Feed Phytogenics market report segments the market by type and by livestock. By type includes Essential Oils, Herbs & Spices, Oleoresins, and Others. Essential oils have the most dominant market share in this segment. They are used for increasing animal performance.
Essential oils can also be used in various blends and have strong aromatic and flavoring properties that drive the demand for these oils as feed additives. In ruminants, essential oils play an important role in reducing rumen ammonia production and increasing protein by mass.
They help in effective weight gain in pig production applications. Because of these advantages, essential oils have a larger share than other segments.
Based on the type of livestock, the market can be classified as Swine, Ruminants, Aquatics, Poultry, and Others.

Geographical Analysis
Based on Geography, the market can be segmented as North America, South America, Eu-rope, Asia-Pacific and the Rest of the World. Asia-Pacific is expected to dominate the market during the forecast period.
Due to the presence of the large population in APAC, the demand for meat is very high. Thus, APAC leads to global meat production as well as the consumer market. The high demand for beef is also boosting the demand for feed phytogenics in the region. Asia-Pacific dominated the global meat production market in 2014.
Europe is a matured market for Feed Phytogenics. The market is highly regulated in the western parts of Europe. The European Union banned the use of antibiotics in animal feed in 2006.
The ban on antibiotics and the development of new alternatives are the significant drivers of the photogenic market in this region.

Key Companies
The Global Feed Phytogenics market report profiles the following companies-Biomin GmbH, Delacon Biotechnik GmbH, Pancosma SA, Nor-Feed Sud, Phytosynthèse, Phy-probiotics Futterzusatzstoffe GmbH, Dostofarm GmbH, Kemin Industries Inc., Danisco A/S, and Natural Remedies.

Scope of the Report
By Type
• Essential Oils
• Herbs & Spices
• Oleoresins
• Others

By Livestock
• Swine
• Ruminants
• Aquatics
• Poultry
• Others

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Tags datam intelligence , feed phytogenics , feed phytogenics market , feed phytogenics market share , feed phytogenics market size , feed phytogenics market trends
Last Updated December 17, 2019