Feed Phytogenic market size, Future Plans, Competitive Landscape and Trends by Forecast 2027
Feed
Phytogenic market size are currently used for all types of livestock, including
pets, due to their excellent medicinal, preservative, and aromatic properties.
This market has the potential to eventually overtake the artificial feed
additive market as phytogenics offer the same properties as artificial
additives with the added benefits of being eco-friendly and having no adverse
side effects on the livestock.
Currently,
the palatability enhancers segment is larger as these additives are not subject
to stringent regulations. Performance enhancing Feed Phytogenic market size
must comply with strict regulations, especially in Europe and North America.
Performance enhancing Feed Phytogenic market size are known to be more effective than
their artificial counterparts, thus, contributing to market growth.
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)
Market Segmentation:
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. This aids in increasing the
overall livestock weight as excess ammonia adversely affects the growth
potential of animals.
Herbs and Spices: The second-largest market share.
Herbs and spices are used primarily to increase the palatability of feed while
enhancing digestibility. Better digestion improves the overall health and
weight of livestock. Most herbs and spices have well known medicinal properties
that offer secondary benefits to the animals.
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. The only limitation is the high
manufacturing costs, which can be offset by mass production.
Others: Numerous plant extracts, as well as
flavonoids and carotenoids, are covered in this category. A small market
segment that capitalizes on by-products.
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Regional Analysis
North America: The fastest-growing regional market
Europe
Asia-Pacific: The largest regional market
Rest of the World
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
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