Feed Phytogenic Industry Top Players Strategic Analysis, Dynamics Market Growth Forecast To 2025

Market Synopsis

Global Feed Phytogenic Market is expected to reach USD 1.04 Billion by 2024 at a CAGR of 8.5%.

Phytogenics are natural growth promoters. They are added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. Phytogenics have found increased use over traditional feed additives as they are 100% natural and do not contain antibiotics.

Currently, the palatability enhancers segment is larger as these additives are not subject to stringent regulations. Performance enhancing feed phytogenic must comply with strict regulations, especially in Europe and North America. Performance enhancing Feed Phytogenic Industry are known to be more effective than their artificial counterparts, thus, contributing to market growth.

Phytogenic additives enhance the flavor of the feed while aiding digestion. Phytogenic compounds containing certain herbs, spices, and oils, specifically lemon and caraway oil, aid in the growth of certain animals. Using artificial feed additives to promote growth results in several unwanted side effects. The livestock industry is consequently shifting to phytogenic feed additives. Phytogenic feed additives also reduce ammonia emission from livestock, thereby reducing nitrogen pollution.

Segmentation

By Type

Essential Oils: The largest and fastest-growing market segment. Essential oils find applicability in feed for all livestock and are especially beneficial in the large poultry feed industry. In the ruminant industry, the application of essential oils results in a marked reduction of nitrogen pollution by reducing ammonia emissions.

Oleoresins: More resistant than essential oils and less soluble, oleoresins find increasing use in the poultry industry where they are shown to enhance liver function. They combine the effects of essential oils along with the properties of herbs and spices.

By Livestock Type

Ruminant: The ruminant segment is the second largest. The large bovine population in Asia and the Americas are driving the growth of the segment. The emphasis on enhanced dairy production and the ban on antibiotics for livestock are further fueling growth.

Swine: China, Germany, and the US as the world’s largest consumers of pork, with China consuming more pork than the others combined. With pork being susceptible to multiple diseases and pathogens that can be transferred via consumption, maintaining swine health is a priority that is driving the growth of the segment.

Poultry: The largest market segment. With over 16 billion chickens in the world and many millions of ducks and pheasants, the poultry industry is the largest in the world. The use of feed phytogenics has shown to increase weight and reduce ammonia emissions of poultry, thereby enhancing health.

By Action

Performance Enhancers: The market segment with the most potential, it is currently underdeveloped due to heavy regulations and the need for research on the effects of performance enhancers.

Palatability Enhancers: The largest market segment, palatability enhancers ensure feed consumption, thereby reducing feed wastage and promoting animal growth. This segment is expected to grow due to limited regulations and low costs for manufacturing palatability enhancers.

Access Report Details @ https://www.marketresearchfuture.com/reports/feed-phytogenic-market-8184

Key Players

  • Biomin Holding GmbH (Austria)
  • Cargill Inc. (US)
  • DowDupont (US)
  • Kemin Industries, Inc. (US)
  • Phytobiotics Futterzusatzstoffe GmbH (Germany)
  • Bluestar Adisseo Company (China)
  • Synthite Industries Ltd. (India)
  • The Himalaya Drug Company (India)
  • Pancosma (Switzerland)
  • Dostofarm GmbH (Germany)
  • Phytosynthese (France)
  • Silvateam S.P.A. (Italy)
  • Delacon Biotechnik GmbH (Austria)
  • Natural Remedies (India)

Infographic Images Related Report @  https://www.marketresearchfuture.com/infographics

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Comments

Post a Comment

Popular posts from this blog

Agricultural Adjuvants Market Share, Industry Analysis, Top Companies, Demands Analysis, Opportunity Assessment, Trends, Growth

Agricultural Adjuvants Market   Overview Agricultural Adjuvants Market is a broad term that embraces ingredients added to products used for crop protection to enhance pesticide activity, modify characteristics of the product formulation, or to modify the characteristics of a spray solution. An agricultural adjuvant is added to a pesticide product or pesticide spray mixture to enhance the pesticide’s performance along with the physical properties of the spray mixture. Thus, usage of agricultural adjuvants not only boosts the pesticide’s effectiveness but also helps minimize the problems associated with spray application. Agricultural Adjuvants Market Share  help in enhancing the effectiveness of pesticide products which in turn improves fertility, crop protection, and plant growth regulation. Increasing population and growing demand for food have led to high agricultural productivity which is driving the growth of the agricultural adjuvants market. Moreover, rising d...
Read more

COVID-19 Impact On Fruits and Vegetable Seeds Market Application, Geography Growth, Trends, Forecast 2024

  factors driving the growth of the market. Other factors supporting the growth of the market include increase in seed replacement rate and surging adoption of GM crops. However, the market growth might be hindered by fluctuating climatic conditions and regulations governing the cultivation of GM crops. Nevertheless, the market is gaining opportunities from the heightened demand for exotic fruits & vegetables across the globe. Segmentation The  Fruits and Vegetable Seeds Market  has been segmented based on type, trait, and category. By type, the fruit and vegetable seeds market has been segmented into brassica, cucurbits, Solanaceae, amaryllidaceous, citrus family, and others. The brassica segment has been further segmented into cauliflower, cabbage, broccoli, and other brassica. The cucurbits segment has been further segmented into cucumber, melons, squash, and others. The Solanaceae segment has been further segmented into tomato, eggplant, potato, and others. T...
Read more