Feed Phytogenics Market 2022-2028

Title:Global Feed Phytogenic Market Size, Share & Trends Analysis Report by Type (Spices and Herbs, Essential Oils, and Oleoresins), and by Livestock (Swine, Poultry, Ruminants, and Others) Forecast Period (2022-2028).

The global feed phytogenic market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. Owing to the increasing demand for animal digestibility has enhanced the market, along with the rising demand for phytogenic feed additives among various applications such as dairy, poultry, and aquaculture, the market is expected to grow. As per Foreign Agricultural Service Organization, in 2022, milk production was expanded by 1% 2022 to 146.7 million tons in the European region. In a longstanding pattern, the number of milk cows is contracted by 1%, however, this is likely to be offset by a 2% increase in milk-per cow output, and in Argentina the milk production has grown nearly 2% in 2022, reaching 12.1 million tons.

Moreover, owing to the consumption of feed phytogenic improves the functioning of digestive secretions such as enzymes, bile, and mucus and leads to higher improvements in animal health, which is estimated to serve as a major factor in the growth of the feed phytogenic market.

The global feed phytogenic market is segmented based on type and livestock. Based on type, the market is sub-segmented into spices and herbs, essential oils, and oleoresins. Based on livestock the market is augmented into swine, poultry, ruminants, and others. Among the livestock, the ruminants segment is expected to witness considerable growth owing to the rising livestock activity coupled with an increase in the demand for meat-and meat-related products to minimize diseases. According to the reports published by the United Nations Food and Agriculture Organization (UNFAO), in August 2019, around 26%of the terrestrial surface is being used for livestock grazing across the globe. Further, about one-third of the planet's arable land is occupied by livestock feed crop cultivation.

Geographically, the global feed phytogenic market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to witness considerable growth during the forecast period. The rising awareness among the people related to the benefits of feed additives and a growing requirement for more protein-concentrated food additives in meat-based diets are the major factor that boosts the growth of the market in the region. For instance, in April 2019, Biochem Products BV. Launched RUMIPRO high-quality products to address the specific nutritional requirements of ruminants.

The major companies serving the global feed phytogenic market are Archer Daniels Midland Co., Cargill Inc., Himalaya Food International Ltd., International Flavors & Fragrances Inc., Royal DSM, Dostofarm GmBH, DSM Austria GmbH, Igusol S.A., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2020, Delacon entered into a strategic partnership with Syrena to buy a full phytogenic solution to serve modern aquaculture practices. The product is a premixture of specific saponins, spices, and essential oils.

Research Methodology

The market study of the global feed phytogenic market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.

• Whitepapers, research papers, and news blogs.

• Company websites and their product catalog.

The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Feed Phytogenic Market Research and Analysis by Type.
• Global Feed Phytogenic Market Research and Analysis by Livestock.

The Report Covers:

• Comprehensive research methodology of the global feed phytogenic market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global feed phytogenic market.
• Insights about market determinants that are stimulating the global feed phytogenic market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.