Global Feed Phytogenic Market Size, Share, Growth Analysis, By Type(Essential oils, Herbs & spices), By Livestock(Poultry, Ruminants)

Description

Global Feed Phytogenic Market size was valued at USD 0.86 billion in 2022 and is poised to grow from USD 0.92 billion in 2023 to USD 1.61 billion by 2031, at a CAGR of 7.2% during the forecast period (2024- 2031).

The global market for Feed Phytogenics is growing a lot because more people want natural additives for animal feed, and farmers are trying to farm in ways that are better for the environment. Phytogenics, which come from plants, have benefits like helping animals digest food better, making feed more efficient, and reducing the need for antibiotics. People are becoming more aware of food safety and quality, and there are strict rules about using antibiotics in animal feed, which is why more farmers are using phytogenics. As the livestock industry looks for ways to produce food that's healthier and better for the environment, the Feed Phytogenic Market is expected to keep growing. This provides a natural and effective way to improve what animals eat and how they perform.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Feed Phytogenic Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Feed Phytogenic Market Segmental Analysis

The global Feed Phytogenic Market is segmented on the basis of type, livestock, and region. By type, the market is segmented into essential oils, herbs & spices, oleoresins, and others. By Livestock, the market is segmented into poultry, ruminants, swine, aquaculture, and others. By Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Drivers of the Global Feed Phytogenic Market

More and more, farmers are using natural and sustainable additives in animal feed to meet the preferences of consumers who want safer and higher quality food. Phytogenics, which come from plants, are seen as natural options compared to regular synthetic additives. Their popularity is increasing because they could help animals perform better and stay healthier.

Restraints in the Global Feed Phytogenic Market

The use of feed additives like phytogenics is regulated differently in various areas. Getting approval from regulators for new feed additives can take a lot of time and money. Sometimes, strict or inconsistent rules can make it hard for companies to introduce phytogenics to new markets, which might slow down how much they're used.

Market Trends of the Global Feed Phytogenic Market

A big trend in the Feed Phytogenic Market is that more people want natural and sustainable additives for animal feed. People are paying more attention to the food they eat, and that includes meat and other animal products. Phytogenics, which come from plants like herbs and spices, are seen as a good alternative to synthetic additives like antibiotics and growth promoters. They're thought to make animals healthier, perform better, and improve the quality of the products they produce.

Product Code: SQMIG30H2119

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Feed Phytogenic Market by Type

Market Overview
Essential oils
Herbs & spices
Oleoresins
and others

Global Feed Phytogenic Market by Livestock

Market Overview
Poultry
Ruminants
Swine
Aquaculture
and others

Global Feed Phytogenic Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Delacon Biotechnik GmbH - Austria
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cargill, Incorporated - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
DuPont (now part of Danisco, a subsidiary of IFF) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BIOMIN Holding GmbH - Austria
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Pancosma (part of ADM) - Switzerland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
A&A Pharmachem - India
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Silvateam S.p.A. - Italy
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Natural Remedies - India
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nor-Feed - France
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nutriad International NV (part of ADM) - Belgium
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Phytobiotics Futterzusatzstoffe GmbH - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kemin Industries, Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vinh Hoan Corporation - Vietnam
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amlan International (part of Oil-Dri Corporation of America) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dostofarm GmbH - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Norel S.A. - Spain
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Pestell Minerals & Ingredients Inc. - Canada
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Silvateam S.p.A. - Italy
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alltech - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Phytobiotics Futterzusatzstoffe GmbH - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Feed Phytogenic Market Size, Share, Growth Analysis, By Type(Essential oils, Herbs & spices), By Livestock(Poultry, Ruminants) - Industry Forecast 2024-2031