DUBLIN--(BUSINESS WIRE)--The "Feed Phytogenic Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The feed phytogenic market is poised to register a CAGR of 7.7% during the forecast period.
Companies Mentioned
- Cargill Incorporated
- DuPont
- Adisseo France SAS
- Biomin GmbH
- Delacon Biotechnik GmbH
- Pancosma
- Phytobiotics Futterzusatzstoffe GmbH
- NOR-FEED
- Phytosynthese
- Dostofarm GmbH
- Kemin Industries Inc.
- Natural Remedies
Key Market Trends
Increasing Production of Animal Feed is Driving the Market
The increasing production of feed is driving the feed phytogenic market, owing to the accelerated efficiency and performance and health-induced benefits of phytogenics in animals. The demand for an improved feed conversion ratio and antibiotic-free additives from a growing number of livestock producers is further inducing the need for botany-based feed additives.
According to the Global Feed Survey report published by Alltech in 2018, worldwide feed production increased from 871.0 million metric ton in 2011 to 1069.7 million metric ton in 2017. The need for superior quality meat and dairy products from health enthusiasts and the increasing popularity of natural ingredients in pet food are further leading producers to capture the untapped profits in the phytogenic industry. The global requirement for high volumes of feed and feed additives has resulted in extensive scientific research in the area, which is projected to drive the overall market for feed phytogenics in the coming years.
Modern feed additives are now commonly used as a critical tool to improve animal health and productivity. Among these, phytogenic feed additives are increasingly being adopted. Consequently, more products are entering the market.
Asia-Pacific - The Fastest Growing Market for Feed Phytogenics
Asia-Pacific holds the highest potential for growth in the feed phytogenic industry globally. The replacement strategy for antibiotic growth promoters and the absence of harmful residues in plant-based additives are majorly driving the demand for feed phytogenics in the Asia-Pacific belt. Vietnam and Indonesia, among the top feed-producing countries in the region, passed respective decrees prohibiting the use of antibiotics for animal growth promotion in early 2017.
The use of antibiotics by producers to artificially fatten livestock is also facing a recommendation for a ban in India from the National Antimicrobial Resistance Action Plan committee, thereby fuelling the growth of natural additives like phytogenics in the Indian market.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Ingredient
5.1.1 Herbs and Spices
5.1.2 Essential Oils
5.1.3 Other Ingredients
5.2 Application
5.2.1 Feed Intake and Digestibility
5.2.2 Flavoring and Aroma
5.2.3 Other Applications (Stress Reduction, Energy Effectiveness, etc.)
5.3 Animal Type
5.3.1 Ruminant
5.3.2 Poultry
5.3.3 Swine
5.3.4 Other Animal Types
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/m09mh0
