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The Global Phytogenic Market report offers a comprehensive analysis of the market size, trend, industry attractiveness, competitiveness and forecast to 2024. The report is segmented by Ingredients ( Herbs and Species, Essential Oils, and Others), by Application (Feed Intake and Digestibility, Flavoring and Aroma, and Others) and by Animal type (Ruminant, Poultry, Swine, and Others). The report also includes a segmentation analysis based on Geography covering over 16 countries across the world.
Fastest Growing Market:
The Global Feed Phytogenic market is estimated to grow at a CAGR of 10.5% during the forecast period.
Feed phytogenics exert positive influences on multiple life-processes in animals, thereby helping fight against disease outbreaks and facilitating healthy growth throughout. These plant-based feed additives or botanicals are a natural alternative to antibiotic-free feed additives. The scope of the global feed phytogenic market report includes segmentation by ingredients into herbs and spices, essential oils, and others and by application into feed intake and digestibility, flavoring and aroma, and others. The scope also extends to segmentation on the basis of livestock and geography covering all the major countries across the world. The review period considered for the study is 2015-2018 and the forecast period is 2019-2024.
|Herbs and Spices|
|Feed Intake and Digestibility|
|Flavoring and Aroma|
|Others (Stress Reduction, Energy Effectiveness, etc.)|
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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 are further inducing the need for the botany-based feed additives. According to the Global Feed Survey report published by Alltech in 2018, worldwide feed production has increased from 871.0 million metric tons in 2011 to 1069.7 million metric tons in 2017. The need for superior quality meat and dairy products from health enthusiasts and increasing popularity for 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 and is projected to drive the overall market for feed phytogenics in the coming years.
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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 for natural additives like phytogenics in the Indian market.
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The feed photogenic market is highly fragmented with the presence of many small and medium-sized companies and a few international players competing in the global market. Some of the players in the market are Cargill, Incorporated, DuPont, Adisseo, Biomin GmbH, Delacon Biotechnik GmbH, Pancosma, Phytobiotics Futterzusatzstoffe GmbH, NOR-FEED, Phytosynthese, and others. The most adopted strategies of these companies have been strategic partnerships, extensive research and development investments, and mergers and acquisitions. For instance, the strategic partnership between Delacon and Cargill to expand their photogenic product portfolio in 2017 has resulted in the availability of four products at the beginning for Chinese producers in early 2019, owing to the growing market for plant-based additives in China. Biomin launched Digestarom DC in 2018, thus expanding the phytogenic portfolio with new combinations of plant-derived bioactive properties suitable for farm animals.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
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 Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Herbs and Spices
5.1.2 Essential Oils
5.2.1 Feed Intake and Digestibility
5.2.2 Flavoring and Aroma
5.2.3 Others (Stress Reduction, Energy Effectiveness, etc.)
5.3 Animal Type
5.4.1 North America
188.8.131.52 Rest of North America
184.108.40.206 Rest of Europe
5.4.3 Asia Pacific
220.127.116.11 Rest of Asia-Pacific
5.4.4 South America
18.104.22.168 Rest of South America
22.214.171.124 South Africa
126.96.36.199 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill, Incorporated
6.3.3 Adisseo France SAS
6.3.4 Biomin GmbH
6.3.5 Delacon Biotechnik GmbH
6.3.7 Phytobiotics Futterzusatzstoffe GmbH
6.3.10 Dostofarm GmbH
6.3.11 Kemin Industries Inc.
6.3.12 Natural Remedies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability