DUBLIN--(BUSINESS WIRE)--The "Phytogenic Feed Additives Market by Type (Essential Oils, Flavonoids, Saponins, and Oleoresins), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Herbs & Spices, Flowers, and Fruits & Vegetables), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global phytogenic feed additives market size is projected to grow from USD 701 million in 2019 to USD 1,226 million by 2025, at a CAGR of 9.8% during the forecast period.
Availability of new technologies, namely, encapsulated phytogenic feed additives, rise in demand for naturally produced feed additives, and growing restriction on the use of antibiotics drives the phytogenic feed additives industry. However, fluctuating prices of raw material are projected to hinder the growth of the market.
The poultry segment, by livestock, is estimated to dominate the phytogenic feed additives market in 2019.
Poultry is domesticated for the production of eggs and meat for consumption. Many factors impact the feed intake of poultry birds and significantly impact the nutritional well-being and efficiency of poultry production. The poultry segment accounted for the largest share in 2018, in terms of value. The dominance of poultry can be attributed to the higher demand for antibiotic growth promoter (AGP) replacers, especially in the US, China, and Brazil.
The essential oils segment, by type, is projected to account for the largest share during the forecast period in the phytogenic feed additives market.
Essential oils, which are sourced primarily from herbs & species, are preferred by most of the animal feed manufacturers and livestock producers. Thus, the segment is estimated to dominate the phytogenic feed additives industry in 2018. Also, the use of essential oils in the feed has increased significantly as a result of the ban on antibiotic growth promoters as feed additives in the European Union in 2006 and later in other countries. The major kinds of essential oils used for feed phytogenics are thyme oil, rosemary oil, origanum oil, onion oil, marjoram oil, hop oil, garlic oil, basil oil, and anise oil.
Europe is projected to be the fastest-growing region in the phytogenic feed additives market.
The ban on the use of antibiotics as a growth promoter primarily drives the European phytogenic feed additives industry. Furthermore, the stringent regulations imposed on synthetic feed additives boost the growth of the region in the coming years.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Units Considered
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Phytogenic Feed Additives Market
4.2 Phytogenic Feed Additives Market, By Type and Region, 2018
4.3 Asia Pacific: Phytogenic Feed Additives Market, By Livestock and Country, 2018
4.4 Phytogenic Feed Additives Market, By Form, 2018
4.5 Phytogenic Feed Additives Market, By Key Country, 2018
5 Market Overview
5.1 Introduction
5.2 Macro Indicators
5.2.1 Growth in Feed Production
5.2.2 Increase in Demand for Animal Products in Developing Countries
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
5.4 Regulatory Framework
5.4.1 China
5.4.2 European Union
5.4.3 Japan
5.4.4 South Africa
5.5 Value Chain Analysis
5.5.1 Pricing Analysis: Raw Material
6 Phytogenic Feed Additives Market, By Type
6.1 Introduction
6.2 Essential Oils
6.3 Flavonoids
6.4 Saponins
6.5 Oleoresins
6.6 Others
7 Phytogenic Feed Additives Market, By Livestock
7.1 Macro Indicators
7.2 Connected Market: Feed Additives
7.3 Introduction
7.4 Poultry
7.5 Swine
7.6 Ruminants
7.7 Aquatic Animals
7.8 Others
8 Phytogenic Feed Additives Market, By Source
8.1 Introduction
8.2 Herbs & Spices
8.3 Flowers
8.4 Fruits & Vegetables
9 Phytogenic Feed Additives Market, By Form
9.1 Introduction
9.2 Liquid
9.3 Dry
10 Phytogenic Feed Additives Market, By Function
10.1 Introduction
10.2 Performance Enhancers
10.3 Antimicrobial Properties
10.4 Palatability Enhancers
10.5 Others
11 Phytogenic Feed Additives Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Rest of the World
12 Competitive Landscape
12.1 Overview
12.2 Company Ranking
12.3 Competitive Leadership Mapping
12.3.1 Dynamic Differentiators
12.3.2 Innovators
12.3.3 Visionary Leaders
12.3.4 Emerging Companies
12.4 Competitive Leadership Mapping (For Smes/Start-Ups)
12.4.1 Progressive Companies
12.4.2 Starting Blocks
12.4.3 Responsive Companies
12.4.4 Dynamic Companies
12.5 Competitive Scenario
12.5.1 New Product Launches
12.5.2 Expansions
12.5.3 Acquisitions
12.5.4 Agreements
13 Company Profiles
13.1 Cargill, Incorporated
13.2 Delacon Biotechnik GmbH
13.3 BIOMIN Holding GmbH
13.4 Bluestar Adisseo Co., Ltd.
13.5 DowDuPont
13.6 Kemin Industries, Inc.
13.7 Dostofarm GmbH
13.8 Phytobiotics Futterzusatzstoffe GmbH
13.9 Pancosma
13.10 Phytosynthese
13.11 Synthite Industries Ltd.
13.12 Silvateam S.P.A
13.13 Natural Remedies
13.14 Ayurvet Limited
13.15 Growell India
13.16 Indian Herbs
13.17 Nutrex Be
13.18 Nor-Feed
13.19 Igusol S.A
13.20 Himalaya Wellness
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