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Global Feed Phytogenics Market

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nilesh dbmr
Global Feed Phytogenics Market

Global feed phytogenics market is expected to register a substantial CAGR of 7.84% in the forecast period of 2019-2026.

 

Market Definition: Global Feed Phytogenics Market

 

Feed phytogenics are compounds that act as additives and promoters in the feed given to the livestock to act as nutritional promoters, promoting growth in the animals. These additives are sourced from different herbs, spices, oils and components of different plants. Essential oils constitute a significant part of feed phytogenics, although it is available in a number of different types and is fed to the livestock in controlled amounts so as to not have any negative effects.

 

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Major Market Competitors/Players

 

Few of the major competitors currently working in the global feed phytogenics market are BIOMIN HOLDING GMBH; The Himalaya Drug company; dōTERRA; DuPont; Synthite Industries Ltd.; Dodson & Horrell Ltd; Cargill, Incorporated; pancosma; DELACON Biotechnik GmbH; Dostofarm GmbH; Phytobiotics Futterzusatzstoffe GmbH; A&A Pharmachem Inc.; Bluestar Adisseo Co., Ltd.; Silvateam S.p.a.; Kemin Industries, Inc.; Phytosynthese; Nutricare Life Sciences Ltd.; Natural remedies pvt ltd; NOR-FEED and Igusol.

Market Segmentations:

 

By Type (Herbs & Spices, Essential Oils, Oleoresins, Others), Function (Performance Enhancers, Palatability Enhancers, Others), Livestock (Ruminants, Poultry, Swine, Aquatic Animals, Equine, Canine, Faline, Others), Application (Flavouring & Aroma, Feed Intake & Digestibility, Organic Trace Minerals, Anti-Parasitic, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

 

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Market Drivers:

 

  • Rise in the levels of consumption of meat globally increasing the demand for better nutrients consumption; this factor is expected to drive the growth of the market
  • Innovations and advancements in technologies resulting in encapsulated feed system which helps in improvement of efficiency of phytogenics; this factor is expected to drive the market growth
  • Increasing presence of government regulations regarding the banning of antibiotics as growth promoters; this factor is expected to positively drive the market growth

 

Market Restraints:

 

  • Complications regarding the usage and manufacturing of feed phytogenics; this factor is expected to restrain the growth of the market
  • Vulnerable and fluctuating nature of the prices of raw materials required for the production of feed phytogenics; this factor is expected to restrain the market growth

 

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