Phytogenic Feed Additives Market Scenario

Encapsulated technology enhances the efficiency of phytogenic feed additives coupled with rise in demand for naturally produced feed additives as alternatives to in-feed antibiotics are some of the major factors propelling the phytogenic feed additives market globally. Furthermore, growing concerns regarding animal health is also one of the factor propelling the growth of phytogenic feed additives market. However, cost of active ingredients used in phytogenic feed additives is one of the major factor expected to hamper the global growth of the phytogenic feed additives market.   

Phytogenic Feed Additives Market Segmentation

The phytogenic feed additives market is segmented by Source, Form, Type, Livestock, Function and Geography. Various Source of phytogenic feed additives are Herbs & Spices, Flowers and Fruits & Vegetables. Likewise, phytogenic feed additives are manufactured in various Forms such as Liquid and Dry.  The Type comprises of Essential Oils, Flavonoids, Saponins, Oleoresins and Others. Furthermore, Various Livestock studied in the report are Poultry, Swine, Ruminants, Aquatic Animals and Others. The phytogenic feed additives has numerous Functions such as Performance Enhancers, Antimicrobial Properties, Palatability Enhancers and Others. Geographically, the Phytogenic feed additives Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.

Phytogenic Feed Additives Market by Geography

Geographically, the phytogenic feed additives market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the Europe is expected to account for the fastest CAGR during the forecast period. Factors such as the prohibited use of antibiotics in animal feed, stringent regulations imposed by the European Commission on synthetic feed additives, and growth in the consumption of phytogenics in livestock feed, to enhance feed palatability and livestock performance, are projected to drive market growth in the coming years.

Phytogenic Feed Additives Market Key Players

Some of the major players operating in the global phytogenic feed additives market includes Delacon Biotechnik GmbH, BIOMIN Holding GmbH, Bluestar Adisseo Co., Ltd., DowDuPont, Kemin Industries, Inc., Dostofarm GmbH, Phytobiotics Futterzusatzstoffe GmbH, Pancosma, Phytosynthese, Synthite Industries Ltd., Silvateam S.P.A, Natural Remedies, Ayurvet Limited, Growell India, Indian Herbs, Nutrex Be, Nor-Feed, Igusol S.A and Himalaya Wellness. New product launch, agreement & collaboration, investment & expansion, and merger & acquisition were the major growth strategies adopted by the market players to enhance their regional presence.

Phytogenic Feed Additives Market Report Key Benefits

• The report offers changing market dynamics in the phytogenic feed additives market, presenting historical, current and projected market size in terms of value (USD Million)
• The report comprises a detailed analysis of the factors that drive and restrict the growth of the global phytogenic feed additives market.
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of phytogenic feed additives
• It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the phytogenic feed additives market performance
• Key players within the global phytogenic feed additives market are profiled to understand the competitor scenario.

Research Objectives of Phytogenic Feed Additives Market Report:

• Analysing the outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the phytogenic feed additives market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.