$1 Billion Phytogenic Feed Additives Market Assessment 2020-2025: Implications of the COVID-19 Pandemic - ResearchAndMarkets.com
Increasing awareness about plant-based animal feed products and stringent government regulations regarding animal nutrition are projected to drive the phytogenic feed additives market.
The "Phytogenic Feed Additives Market by Type (Essential Oils, Flavonoids, Saponins, and Oleoresins), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Herbs & Spices, Flowers, and Fruits & Vegetables), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Phytogenic Feed Additives Market is Estimated to be USD 753 Million in 2020 and is Projected to Reach USD 1,098 Million by 2025, at a CAGR of 7.8%.
Increasing awareness about plant-based animal feed products and stringent government regulations regarding animal nutrition are projected to drive the phytogenic feed additives market.
Phytogenics are plant-derived natural growth promoters or non-antibiotic growth promoters used as feed additives and derived from herbs & spices, fruits & vegetables, or flowers. The different types of phytogenic feed additives included in the report are essential oils, saponins, flavonoids, oleoresins, tannins, mucilages, pungent substances, and bitter substances.
The global feed production has increased consistently in the recent past, driven primarily by the demand-side factors, including an increase in livestock production & consumption and the resultant global population. Another major factor that influences the volume of feed production is the increase in commercialization of livestock rearing practices, particularly in developing economies. Livestock farmers are gaining awareness about various animal health issues due to nutrient inadequacy and lower metabolism rate and have also raised concerns about the quality of final dairy and animal products that reach the consumers.
The ban on low-quality animal products in developed countries, such as the US, the UK, and Japan, had created an indirect effect on the awareness levels of livestock producers. An increase in the cases related to animal diseases has created a significant demand for safe nutritional supplements that can raise the nutritional value of the animal diet without causing any side effects. Cattle are prone to infections from bacteria, viruses, or fungi; nutritional deficiencies; and metabolic disorders; whereas mycoplasmal pneumonia and swine erysipelas are common in swine.
The segmentation of the phytogenic feed additives market is based on type, livestock, source, form, function, and region. Based on the source, the phytogenic feed additives market is segmented into herbs & spices, flowers, and fruits & vegetables. The market is further segmented, based on livestock such as, poultry, swine, ruminants, aquatic animals, and other animals which include pets and equine. The phytogenic feed additives market, by region, is segmented into North America, South America, Europe, Asia Pacific, and RoW.
Poultry: The largest-growing segment of the phytogenic feed additives market, by phytogenic feed additives market livestock type.
The poultry segment dominated the phytogenic feed additives market in 2019. The dominance of poultry can be attributed to the higher demand for antibiotic growth promoter (AGP) replacers, especially in the US, China, and Brazil. The production of poultry for meat is also expected to be dominating more than half the growth of all the additional meat produced by 2025. Such rapid growth in poultry meat production is expected to further increase the demand for superior quality feed, thereby propelling the market for phytogenic feed additives.
Liquid: The largest-growing segment of the phytogenic feed additives market, by phytogenic feed additives form.
The selection of the form of phytogenic feed additives depends on various factors, such as the ease of application, size of the feed particles, and the influence of climatic conditions on the final product. It also depends on the requirement of each livestock, ensuring minimum feed wastage to reduce farm expenditure. The form of phytogenic feed additives used influence, to a notable extent, the cost of feed, feed conversion ratio, and the performance of the livestock. The liquid form is preferred over the dry form, as it is easy to use and readily available. It can be mixed with animal feed as well as drinking water.
Asia Pacific: The largest-growing segment of the phytogenic feed additives market, by phytogenic feed additive region.
The Asia Pacific region accounted for the largest share of the global phytogenic feed additives market in 2019, in terms of value. The market in the region is driven by the presence of a large livestock population (FAO 2016) and their growth rate. Furthermore, the region has witnessed an increase in the number of feed mills and feed production, particularly in countries, such as India and Japan. This increase in the number of feed mills in the region reflects the growth in feed production.
Research Coverage
The report segments the phytogenic feed additives by Type (Essential Oils, Flavonoids, Saponins, and Oleoresins), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Herbs & Spices, Flowers, and Fruits & Vegetables), and Region (Asia Pacific, Europe, North America, South America, and RoW).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the phytogenic feed additives market. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
The key players in this market include Cargill, Incorporated (US), DelaconBiotechnik GmbH (Austria), BIOMIN Holding GmbH (Austria), Bluestar Adisseo Co., Ltd. (China), DuPont (US), and Synthite Industries Ltd. (India). Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to strengthen their position in the market.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Market
4.2 Market, by Type and Region, 2020
4.3 Asia Pacific: Market, by Livestock and Country, 2020
4.4 Phytogenic Feed Additives Market, by Form, 2020
4.5 Market, by Key Country, 2020
5 Market Overview
5.1 Introduction
5.2 Macro Indicators
5.2.1 Growth in Feed Production
5.2.2 Increase in Demand for Animal Products in Developing Countries
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Encapsulated Technology Enhances the Efficiency of Phytogenic Feed Additives
5.3.1.2 Rise in Demand for Naturally Produced Feed Additives as Alternatives to In-Feed Antibiotics
5.3.1.2.1 Ban on Antibiotics as Growth Promoters in Feed
5.3.1.2.2 Availability of Alternatives to Antibiotics
5.3.1.3 Growing Concerns Regarding Animal Health
5.3.2 Restraints
5.3.2.1 Cost of Active Ingredients Used in Phytogenic Feed Additives
5.3.3 Opportunities
5.3.3.1 Increased Popularity of Natural Solutions for Pet Food Nutrition
5.3.3.2 Strategic Growth Initiatives to Enter Untapped Markets
5.3.4 Challenges
5.3.4.1 Counterfeit Products in Developing Economies
5.3.4.2 Lack of Awareness About the Usage of Phytogenics in Under-Developed and Developing Nations
5.3.5 COVID-19 Pandemic Impact
5.4 Regulatory Framework
5.4.1 China
5.4.2 European Union
5.4.3 Japan
5.4.4 South Africa
5.5 Value Chain Analysis
5.5.1 Pricing Analysis: Raw Material
5.5.1.1 Herbs & Spices
6 Phytogenic Feed Additives Market, by Type
6.1 Introduction
6.2 Essential Oils
6.3 Flavonoids
6.4 Saponins
6.5 Oleoresins
6.6 Others
7 Phytogenic Feed Additives Market, by Livestock
7.1 Introduction
7.2 Operational Drivers
7.3 Poultry
7.4 Swine
7.5 Ruminants
7.6 Aquatic Animals
7.7 Others
7.8 Impact of COVID-19 on Livestock Application
8 Phytogenic Feed Additives Market, by Source
8.1 Introduction
8.2 Herbs & Spices
8.3 Flowers
8.4 Fruits & Vegetables
9 Phytogenic Feed Additives Market, by Form
9.1 Introduction
9.2 Liquid
9.3 Dry
10 Phytogenic Feed Additives Market, by Function
10.1 Introduction
10.2 Performance Enhancers
10.3 Antimicrobial Properties
10.4 Palatability Enhancers
10.5 Others
11 Phytogenic Feed Additives Market, by Region
11.1 Introduction
11.2 Regional Operational Drivers
11.3 Impact of COVID-19 on Phytogenic Feed Additives Across Regions
11.4 North America
11.5 Europe
11.6 Asia-Pacific
11.7 South America
11.8 Rest of the World
12 Competitive Landscape
12.1 Overview
12.2 Company Ranking & Market Share Analysis
12.3 Competitive Leadership Mapping
12.3.1 Dynamic Differentiators
12.3.2 Innovators
12.3.3 Visionary Leaders
12.3.4 Emerging Companies
12.4 Competitive Leadership Mapping (For SMEs/Start-Ups)
12.4.1 Progressive Companies
12.4.2 Starting Blocks
12.4.3 Responsive Companies
12.4.4 Dynamic Companies
12.5 Competitive Scenario
12.5.1 New Product Launches
12.5.2 Expansions
12.5.3 Acquisitions
12.5.4 Agreements
13 Company Profiles
13.1 Cargill, Incorporated
13.2 Delacon Biotechnik GmbH
13.3 Biomin Holding GmbH
13.4 Bluestar Adisseo Co. Ltd.
13.5 Dupont
13.6 Kemin Industries, Inc.
13.7 Dostofarm GmbH
13.8 Phytobiotics Futterzusatzstoffe GmbH
13.9 Pancosma
13.10 Phytosynthese
13.11 Synthite Industries Ltd.
13.12 Silvateam S.p.A.
13.13 Natural Remedies
13.14 Ayurvet Limited
13.15 Growell India
13.16 Indian Herbs
13.17 Nutrex BE
13.18 Nor-Feed
13.19 Igusol SA
13.20 Himalaya Wellness
13.21 Land O' Lakes
13.22 Nutricare Life Sciences Ltd.
13.23 Natura Feed Ingredients
13.24 Tegasa
13.25 Natural Herbs & Formulations
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