Description
Global Feed Phytogenic Market—Forecast till 2028
Market Overview
As per the CRI analysis, the global feed phytogenic market is anticipated to record a significant CAGR of 6.10% to surpass a value of USD 1.15 Billion by the end of 2028. Feed phytogenic are obtained from natural sources for livestock feed. They are essences of plant origin added to animal diets at recommended levels for various reasons such as antimicrobial effect, digestibility enhancement, and performance improvement. The feed phytogenic has various benefits such as enhanced animal performance, improved feed efficiency, and reduced emissions. The rising need for natural feed additives & adverse preference towards feed antibiotics is set to fuel the expansion of the global feed phytogenic market during the forecast period.
The global feed phytogenic market growth is driven by the rising demand for natural feed additives to boost health, indigestion, absorption, and assimilation of nutrients. However, certain substitutes are globally referred to as direct-fed microbial (DFM) such as probiotics, prebiotics, additives, and enzymes. These substitutes are expected to restrain the global market growth during the review period. Additionally, the growth of the aquaculture industry & growing requirement for livestock products is anticipated to register the highest growth of the global feed phytogenic market during the review period.
Segment Overview
The global feed phytogenic market has been classified into type, function, and livestock.
Based on Type segment has been categorized into essential oils, herbs & spices, oleoresins, others. In terms of function, the global feed phytogenic market has been divided into performance enhancers, palatability enhancer, and others.
Based on the distribution channel, the global feed phytogenic market has been classified into poultry, swine, ruminants, aquaculture, and others.
Regional Analysis
Based on region, the global feed phytogenic market has been studied across North America, Europe, Asia-Pacific, Rest of the World.
Europe is expected to dominate the global market owing to the largest market share of 33.23% in 2020.
North America registered the second-largest market owing to the 28.30% market in 2020. The region is expected to witness a healthy CAGR of 9.17% during the review period to surpass USD 458.03 million by 2028. The US is the largest contributor to the feed phytogenic market expansion and is the second-largest feed-producing country in the worldwide market. The regional market growth is attributed to the increased production of poultry feed at the fastest rate by increasing broilers population and the growing applications of feed phytogenic in the aqua industry.
The feed phytogenic market in Asia-Pacific is expected to register the fastest growth during the review period.
Major players
The key players in the global feed phytogenic market are Biomin GmbH (Austria), Cargill, Incorporated (US), DuPont (US), The Himalaya Drug Company (India), Pancosma (Switzerland), ostofarm GmbH (Germany), Kemin Industries, Inc. (US), Bluestar Adisseo Company (China), Phytobiotics Futterzusatzstoffe GmbH (Germany), Synthite Industries Ltd. (India), Delacon Biotechnik GmbH (Austria), NOR-FEED (France), Phytosynthese (France), IGUSOL S.A. (Spain), Natura Feed Ingredients (US), Silvateam S.p.a. (Italy), NUTREX BE (Japan), A&A Pharmachem Inc. (Canada), and Natural Remedies (India).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
1 EXECUTIVE SUMMARY 15
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.1.1 GLOBAL FEED PHYTOGENIC MARKET, BY TYPE 17
1.1.2 GLOBAL FEED PHYTOGENIC MARKET, BY FUNCTION 18
1.1.3 GLOBAL FEED PHYTOGENIC MARKET, BY LIVESTOCK 19
1.1.4 GLOBAL FEED PHYTOGENIC MARKET, BY REGION 20
2 MARKET INTRODUCTION 21
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 21
2.3 RESEARCH OBJECTIVE 21
2.4 MARKET STRUCTURE 21
2.5 KEY BUYING CRITERIA 22
3 RESEARCH METHODOLOGY 23
3.1 RESEARCH PROCESS 23
3.2 PRIMARY RESEARCH 24
3.3 SECONDARY RESEARCH 25
3.4 MARKET SIZE ESTIMATION 25
3.5 FORECAST MODEL 27
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 28
4 MARKET DYNAMICS 29
4.1 INTRODUCTION 29
4.2 DRIVERS 30
4.2.1 INCREASING DEMAND FOR NATURAL FEED ADDITIVES 30
4.2.2 NEGATIVE PREFERENCE TOWARDS FEED ANTIBIOTICS 30
4.2.3 INCREASING DEMAND FOR LIVESTOCK PRODUCTS 30
4.2.4 GROWTH OF THE AQUACULTURE INDUSTRY 31
4.2.5 DRIVERS IMPACT ANALYSIS 32
4.3 RESTRAINT 32
4.3.1 AVAILABILITY OF SUBSTITUTES 32
4.3.2 RESTRAINT IMPACT ANALYSIS 33
4.4 OPPORTUNITIES 33
4.4.1 EMERGENCE OF NEW TECHNOLOGIES SUCH AS ENCAPSULATION 33
4.4.2 INCREASING DEMAND FOR ORGANIC AND SAFE MEAT 33
4.4.3 STRATEGIC INITIATIVES BY MARKET PLAYERS 34
4.5 CHALLENGE 34
4.5.1 LOW AWARENESS IN DEVELOPING COUNTRIES 34
5 MARKET FACTOR ANALYSIS 35
5.1 VALUE CHAIN ANALYSIS 35
5.1.1 RAW MATERIAL PROCUREMENT 36
5.1.2 PROCESSING 36
5.1.3 PACKAGING 36
5.2 SUPPLY CHAIN ANALYSIS 36
5.3 PORTER’S FIVE FORCES MODEL 37
5.3.1 THREAT OF NEW ENTRANTS 38
5.3.2 BARGAINING POWER OF SUPPLIERS 38
5.3.3 BARGAINING POWER OF BUYERS 38
5.3.4 THREAT OF SUBSTITUTES 38
5.3.5 INTENSITY OF RIVALRY 38
5.4 IMPACT OF COVID-19 OUTBREAK ON GLOBAL FEED PHYTOGENIC MARKET 39
5.4.1 IMPACT ON PRODUCTION 39
5.4.2 IMPACT ON SUPPLY-CHAIN 39
5.4.3 IMPACT ON PRICING 40
6 GLOBAL FEED PHYTOGENIC MARKET, BY TYPE 41
6.1 OVERVIEW 41
6.1.1 GLOBAL FEED PHYTOGENIC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 42
6.2 ESSENTIAL OILS 42
6.2.1 ESSENTIAL OILS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42
6.3 HERBS & SPICES 43
6.3.1 HERBS & SPICES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 43
6.4 OLEORESINS 43
6.4.1 OLEORESINS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 44
6.5 OTHERS 44
6.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 44
7 GLOBAL FEED PHYTOGENIC MARKET, FUNCTION 45
7.1 OVERVIEW 45
7.1.1 GLOBAL FEED PHYTOGENIC MARKET ESTIMATES & FORECAST, BY FUNCTION, 2019–2028 46
7.2 PERFORMANCE ENHANCER 46
7.2.1 PERFORMANCE ENHANCER: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46
7.3 PALATABILITY ENHANCER 47
7.3.1 PALATABILITY ENHANCER: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47
7.4 OTHERS 47
7.4.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48
8 GLOBAL FEED PHYTOGENIC MARKET, BY LIVESTOCK 49
8.1 OVERVIEW 49
8.1.1 GLOBAL FEED PHYTOGENIC MARKET ESTIMATES & FORECAST, BY LIVESTOCK, 2019–2028 50
8.2 POULTRY 50
8.2.1 POULTRY: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50
8.3 SWINE 51
8.3.1 SWINE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51
8.4 RUMINANT 51
8.4.1 RUMINANT: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52
8.5 AQUACULTURE 52
8.5.1 AQUACULTURE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52
8.6 OTHERS 53
8.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 53
9 GLOBAL FEED PHYTOGENIC MARKET, BY REGION 54
9.1 OVERVIEW 54
9.2 NORTH AMERICA 56
9.2.1 US 58
9.2.2 CANADA 59
9.2.3 MEXICO 60
9.3 EUROPE 62
9.3.1 GERMANY 64
9.3.2 UK 65
9.3.3 FRANCE 66
9.3.4 SPAIN 67
9.3.5 ITALY 69
9.3.6 REST OF EUROPE 70
9.4 ASIA-PACIFIC 72
9.4.1 CHINA 74
9.4.2 JAPAN 75
9.4.3 INDIA 76
9.4.4 AUSTRALIA & NEW ZEALAND 77
9.4.5 REST OF ASIA-PACIFIC 79
9.5 REST OF THE WORLD 81
9.5.1 SOUTH AMERICA 83
9.5.2 MIDDLE EAST 84
9.5.3 AFRICA 85
10 COMPETITIVE LANDSCAPE 87
10.1 COMPETITIVEOVERVIEW 87
10.2 MARKET STRATEGY ANALYSIS 87
10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 88
10.3.1 ACQUISITION 88
10.3.2 EXPANSION 88
10.3.3 JOINT VENTURE 90
10.3.4 MERGER 90
10.3.5 PARTNERSHIP 90
10.3.6 PRODUCT LAUNCH AND DEVELOPMENT 91
10.3.7 PRODUCT APPROVAL 91
10.4 COMPETITIVE BENCHMARKING 92
11 COMPANY PROFILES 93
11.1 BIOMIN GMBH 93
11.1.1 COMPANY OVERVIEW 93
11.1.2 FINANCIAL OVERVIEW 94
11.1.3 PRODUCTS OFFERED 95
11.1.4 KEY DEVELOPMENTS 95
11.1.5 SWOT ANALYSIS 96
11.1.6 KEY STRATEGIES 96
11.2 CARGILL, INCORPORATED 97
11.2.1 COMPANY OVERVIEW 97
11.2.2 FINANCIAL OVERVIEW 98
11.2.3 PRODUCTS OFFERED 99
11.2.4 KEY DEVELOPMENTS 99
11.2.5 SWOT ANALYSIS 100
11.2.6 KEY STRATEGIES 100
11.3 DUPONT 101
11.3.1 COMPANY OVERVIEW 101
11.3.2 FINANCIAL OVERVIEW 101
11.3.3 PRODUCTS OFFERED 102
11.3.4 KEY DEVELOPMENTS 102
11.3.5 SWOT ANALYSIS 103
11.3.6 KEY STRATEGIES 103
11.4 KEMIN INDUSTRIES, INC. 104
11.4.1 COMPANY OVERVIEW 104
11.4.2 FINANCIAL OVERVIEW 104
11.4.3 PRODUCTS OFFERED 104
11.4.4 KEY DEVELOPMENTS 104
11.4.5 SWOT ANALYSIS 105
11.4.6 KEY STRATEGIES 105
11.5 BLUESTAR ADISSEO COMPANY 106
11.5.1 COMPANY OVERVIEW 106
11.5.2 FINANCIAL OVERVIEW 106
11.5.3 PRODUCTS OFFERED 107
11.5.4 KEY DEVELOPMENTS 107
11.5.5 SWOT ANALYSIS 108
11.5.6 KEY STRATEGIES 108
11.6 PHYTOBIOTICS FUTTERZUSATZSTOFFE GMBH 109
11.6.1 COMPANY OVERVIEW 109
11.6.2 FINANCIAL OVERVIEW 109
11.6.3 PRODUCTS OFFERED 109
11.6.4 KEY DEVELOPMENTS 110
11.6.5 KEY STRATEGIES 110
11.7 SYNTHITE INDUSTRIES LTD. 111
11.7.1 COMPANY OVERVIEW 111
11.7.2 FINANCIAL OVERVIEW 111
11.7.3 PRODUCTS OFFERED 111
11.7.4 KEY DEVELOPMENTS 111
11.7.5 KEY STRATEGIES 111
11.8 THE HIMALAYA DRUG COMPANY 112
11.8.1 COMPANY OVERVIEW 112
11.8.2 FINANCIAL OVERVIEW 112
11.8.3 PRODUCTS OFFERED 112
11.8.4 KEY DEVELOPMENTS 112
11.8.5 KEY STRATEGIES 112
11.9 PANCOSMA 113
11.9.1 COMPANY OVERVIEW 113
11.9.2 FINANCIAL OVERVIEW 113
11.9.3 PRODUCTS OFFERED 113
11.9.4 KEY DEVELOPMENTS 113
11.9.5 KEY STRATEGIES 113
11.10 DOSTOFARM GMBH 114
11.10.1 COMPANY OVERVIEW 114
11.10.2 FINANCIAL OVERVIEW 114
11.10.3 PRODUCTS OFFERED 114
11.10.4 KEY DEVELOPMENTS 115
11.10.5 KEY STRATEGIES 115
11.11 DELACON BIOTECHNIK GMBH 116
11.11.1 COMPANY OVERVIEW 116
11.11.2 FINANCIAL OVERVIEW 116
11.11.3 PRODUCTS OFFERED 116
11.11.4 KEY DEVELOPMENTS 117
11.11.5 SWOT ANALYSIS 118
11.11.6 KEY STRATEGIES 118
11.12 NOR-FEED 119
11.12.1 COMPANY OVERVIEW 119
11.12.2 FINANCIAL OVERVIEW 119
11.12.3 PRODUCTS OFFERED 119
11.12.4 KEY DEVELOPMENTS 119
11.12.5 KEY STRATEGIES 120
11.13 PHYTOSYNTHESE 121
11.13.1 COMPANY OVERVIEW 121
11.13.2 FINANCIAL OVERVIEW 121
11.13.3 PRODUCTS OFFERED 121
11.13.4 KEY DEVELOPMENTS 121
11.13.5 KEY STRATEGIES 121
11.14 IGUSOL S.A. 122
11.14.1 COMPANY OVERVIEW 122
11.14.2 FINANCIAL OVERVIEW 122
11.14.3 PRODUCTS OFFERED 122
11.14.4 KEY DEVELOPMENTS 122
11.14.5 KEY STRATEGIES 122
11.15 NATURA FEED INGREDIENTS 123
11.15.1 COMPANY OVERVIEW 123
11.15.2 FINANCIAL OVERVIEW 123
11.15.3 PRODUCTS OFFERED 123
11.15.4 KEY DEVELOPMENT 123
11.15.5 KEY STRATEGIES 123
11.16 SILVATEAM S.P.A. 124
11.16.1 COMPANY OVERVIEW 124
11.16.2 FINANCIAL OVERVIEW 124
11.16.3 PRODUCTS OFFERED 124
11.16.4 KEY DEVELOPMENTS 124
11.16.5 KEY STRATEGIES 124
11.17 NUTREX 125
11.17.1 COMPANY OVERVIEW 125
11.17.2 FINANCIAL OVERVIEW 125
11.17.3 PRODUCTS OFFERED 125
11.17.4 KEY DEVELOPMENTS 125
11.17.5 KEY STRATEGIES 125
11.18 A&A PHARMACHEM INC. 126
11.18.1 COMPANY OVERVIEW 126
11.18.2 FINANCIAL OVERVIEW 126
11.18.3 PRODUCTS OFFERED 126
11.18.4 KEY DEVELOPMENTS 126
11.18.5 KEY STRATEGIES 126
11.19 NATURAL REMEDIES 127
11.19.1 COMPANY OVERVIEW 127
11.19.2 FINANCIAL OVERVIEW 127
11.19.3 PRODUCTS OFFERED 127
11.19.4 KEY DEVELOPMENTS 128
11.19.5 KEY STRATEGIES 128
12 REFERENCES 129
