Phytogenic Feed Additives Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Others); Source (Herbs and Spices, Flowers, Fruits and Vegetables); Form (Liquid, Dry); Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Others); Livestock (Poultry, Swine, Ruminants, Aquatic animals, Others); and Region/Country

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155

Table:

45

Figure:

101

Report ID:

UMCH211591

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Report Description
Table of content
Research Methodology

Report Description

Phytogenic Feed Additives Market
Phytogenic Feed Additives Market

The phytogenic feed additives market is expected to register a CAGR of approx. 7% over the period of 2022-2028. Phytogenic is a naturally occurring growth promoter. Phytogenic has numerous benefits for modern livestock production, including antioxidative, anti-microbial, anti-inflammatory, and digestion-enhancer properties. To encourage growth, they are included in the feed for animals. Phytogenic has gained popularity over conventional feed additives because they are all-natural and free of antibiotics. Phytogenic additives help with digestion while improving the flavour of the feed. Certain herbs, spices, and oils, specifically lemon and caraway oil, contain phytogenic compounds that aid in the growth of certain animals. The growing demand for phytogenic feed additives can be attributed to the rising fortification of phytogenics in bovine feed on account of adding flavor and inducing high feed intake for growth and reproductive performance which boosts the adoption of organic growth strategies among key industry players around the globe. For instance, in January 2020, Kemin Industries introduced VANNIXTM C4, a new phytogenic feed additive that complements Kemin Animal Nutrition and Health – North America’s full portfolio of poultry gut health products. VANNIX C4 is a formulation of gut-health-fortifying ingredients that are designed as a cost-effective solution for producers. These products are to promote a healthy intestinal microbial balance and support the overall performance of the animal. Owing to the glaring statistics due to the rising awareness about animal health & feed quality help to boost the phytogenic feed additives market across the globe and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the phytogenic feed additives market is anticipated to grow on account of the rising importance of improving feed quality and preventing poultry diseases. In addition, increased demand for livestock products and the ban on antibiotics as growth promoter drives the market growth. However, some of the restraints in the market including the high cost of natural feed additives and the complex composition of phytogenic compounds are impeding the growth of this market all over the world.

Cargill, Incorporated.; Archer-Daniels-Midland Co; DuPont de Nemours Inc; Koninklijke DSM N.V.; Land O’ Lakes; Bluestar Adisseo Co; SHV Holdings NV; Kemin Industries, Inc.; Dostofarm GmbH; Silvateam S.p.a. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, the oleoresins segment accounted for a significant market in 2020”

Based on the type, the phytogenic feed additives market is segmented into essential oils, flavonoids, saponins, oleoresins, and others. The oleoresins segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. Oleoresins are used more frequently as phytogenic feed additives all over the world due to their desirable properties of being able to add colour, flavour, and aroma to livestock feed, which improves the feed’s palatability. As their consumption and acceptance continue to rise over the forecasted period, the oleoresins are likely to experience significant growth.

“Amongst source, the fruits and vegetable segment accounted for a significant market in 2020”

Based on the source, the market is fragmented into herbs and spices, flowers, fruits and vegetables. The fruits and vegetables segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Waste from fruits and vegetables is used specifically in phytogenic feed additives for sustainability, and it also addresses the problems of waste recycling and waste reduction. Additionally, fruits and vegetables like berries, citrus fruits, and onions are used as sources to extract essential oils, flavonoids, and saponins, and their oils are thought to be an excellent phytogenic additive which propels their demand and market growth in the industry.

Phytogenic feed additives Market Report Coverage

Phytogenic Feed Additives Market
Phytogenic Feed Additives Market

“Amongst form, the dry segment accounted for a significant market in 2020”

Based on the form, the market is fragmented into liquid and dry. The dry segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. The dry market is increasingly used and accepted by consumers because it is thought to be simpler to use and handle. Due to their increased nutrient digestibility and decreased feed wastage, the powdered form of the dry segment is also more cost-effective and is expected to experience significant demand and growth over the foreseeable future.

“Amongst function, the antimicrobial properties segment accounted for a significant market in 2020”

Based on the function, the market is fragmented into performance enhancers, antimicrobial properties, palatability enhancers, and others. The antimicrobial properties segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. The antiviral and antimicrobial properties of phytogenic feed additives account for a large portion of their use in feed products. The main functions of phytogenic feed additives are pathogen control and modulation of intestinal microbiota. They are regarded as a good substitute for antibiotic growth promoters because they have potent antimicrobial and antifungal properties. Over the anticipated period, the market growth and demand for phytogenic feed additives are likely to be influenced by these favourable characteristics.

“Amongst livestock, the swine category is expected to witness considerable CAGR during the forecast period”

Based on livestock, the market is fragmented into poultry, swine, ruminants, aquatic animals, and others. The swine segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The growth and use of feed phytogenic products in swine has been aided by the sharp rise in the consumption of pork and other swine products in recent years. The use of phytogenic feed intakes in swine for a variety of purposes, including increasing feed intake, enhancing gut function, and boosting disease resistance, has significantly fueled the market growth for these products in recent years.

“Asia Pacific to witness significant growth during the forecast period”

For a better understanding of the market adoption of phytogenic feed additives, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes a major market for the phytogenic feed additives industry this is due to the lack of harmful residues in plant-based additives. Additionally, the replacement strategies for antibiotic growth promoters are likely to aid the market growth in this region. Furthermore, an increasing number of feed mills and feed production, greater demand for feed, and a rise in awareness about the need for quality feed among livestock farmers are boosting the growth of the market.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation
2.1.Research Process of the Phytogenic Feed Additives Market
2.2.Research Methodology of the Phytogenic Feed Additives Market
2.4.Respondent Profile 
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5IMPACT OF COVID-19 ON THE PHYTOGENIC FEED ADDITIVES MARKET
6GLOBAL PHYTOGENIC FEED ADDITIVES MARKET REVENUE, 2020-2028F
7.1.Essential Oils
7.2.Flavonoids
7.3.Saponins 
7.4.Oleoresins
7.5.Others 
8.1.Herbs and Spices
8.2.Flowers 
8.3.Fruits and Vegetables
9.1.Liquid 
9.2.Dry 
10.1.Performance Enhancers
10.2.Antimicrobial Properties
10.3.Palatability Enhancers
10.4.Others 
11.1.Poultry 
11.2.Swine 
11.3.Ruminants
11.4.Aquatic animals
11.5.Others 
12.1NORTH AMERICA PHYTOGENIC FEED ADDITIVES MARKET 
 12.1.1United States  
 12.1.2Canada   
 12.1.3Rest of North America 
12.2EUROPE PHYTOGENIC FEED ADDITIVES MARKET 
 12.2.1Germany   
 12.2.2United Kingdom  
 12.2.3France   
 12.2.4Spain   
 12.2.5Italy   
 12.2.6Rest of Europe  
12.3ASIA PACIFIC PHYTOGENIC FEED ADDITIVES MARKET
 12.3.1China   
 12.3.2Japan   
 12.3.3India   
 12.3.4Australia   
 12.3.5Rest of Asia Pacific  
12.4REST OF THE WORLD PHYTOGENIC FEED ADDITIVES MARKET 
13.1.Market Drivers
13.2.Market Challenges
13.3.Impact Analysis
14PHYTOGENIC FEED ADDITIVES MARKET OPPORTUNITIES
15PHYTOGENIC FEED ADDITIVES MARKET TRENDS & INSIGHTS
16.1.Demand Side Analysis
16.2.Supply Side Analysis
17VALUE CHAIN ANALYSIS
18PRICING ANALYSIS 
19STRATEGIC INSIGHTS
20.1.Competitive Landscape
 20.1.1Porter’s Five forces analysis
21.1.Cargill, Incorporated.
21.2.Archer-Daniels-Midland Co
21.3.DuPont de Nemours Inc
21.4.Koninklijke DSM N.V.
21.5.Land O’ Lakes 
21.6.Bluestar Adisseo Co 
21.7.SHV Holdings NV 
21.8.Kemin Industries, Inc.
21.9.Dostofarm GmbH 
21.10.Silvateam S.p.a. 
22DISCLAIMER

Research Methodology

Research Methodology for the Global Phytogenic Feed Additives Market Analysis

(2022-2028)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global phytogenic feed additives market were the three major steps undertaken to create and analyze the adoption of phytogenic feed additives in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global phytogenic feed additives market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the phytogenic feed additives market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the phytogenic feed additives market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the type, source, form, function, and livestock. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the phytogenic feed additives market. Further, we conducted factor analysis using dependent and independent variables such as the rising fortification of phytogenic in bovine feed, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the phytogenic feed additives market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global phytogenic feed additives market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the phytogenic feed additives market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global phytogenic feed additives market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Phytogenic Feed Additives Market
Phytogenic Feed Additives Market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global phytogenic feed additives market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, source, form, function, and livestock in the global phytogenic feed additives market.

The main objective of the Global Phytogenic feed additives Market Study

The current & future market trends of the global phytogenic feed additives market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the phytogenic feed additives market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type, source, form, function, and livestock.
  • Define and analysis of the regulatory framework for the phytogenic feed additives market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the phytogenic feed additives market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the phytogenic feed additives market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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