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Global Phytogenic Feed Additives Market By Source (Fruits & Vegetables, Herbs & Spices, Others), By Form (Dry, Liquid), By Livestock (Aquatic Animals, Ruminants, Others), By Region–Forecast & Opportunities to 2026

The global phytogenic feed additives market accounted for a value of 735 million in 2019. This market is projected to register growth at a CAGR of 7.1% during the forecast period.

COVID-19 has impacted the global business for phytogenic feed additives. However the impact is not considered to be significant. Although the operations and supply chain was slightly affected due to this global pandemic. But the market will recover and register growth during the forecast period.

Definition:

Phytogenic feed additives are also called as botanicals and phytobiotics. These products are derived from plants. They can exhibit improvement in health and performance of livestock such as poultry, swine, aquatic animals and ruminants. They also help in reduction of intake of feed and enhances conversion ratio feed.

Market Dynamics (Drivers/Opportunities):

The phytogenic feed additives are difficult to process in the feed but they have positive effects on the health of livestock. The advancement and emergence of new technologies like encapsulation which helps in extending the shelf life of phytogenics. This is likely to raise the popularity of phytogenic feed additives and ultimately driving growth in this market during forecast period.

A modern technology called encapsulation, allows oils to have a longer shelf life and it also protects them surroundings and environmental changes by keeping solid, liquid or gaseous substance packed within a very small capsule. It also helps in maintaining the properties such improved digestion, enhances palatability and stability in ration. Hence, drives growth in phytogenic feed additives market during forecast period.

Market Insights, by Source

On the basis of source, the phytogenic feed additives market is segmented into flower, fruits & vegetables and herbs & spices. The herbs and species segment is estimated to be the fastest growing market during the forecast period. The herbs and species are used to derive pungent and essential oils besides this they processes medical properties and flavors which can be used in feed industry. There are no negative effects of this herbs and species on animals and they also help in improving palatability of the feed. They act as antioxidants, immunostimulants and antimicrobials and they are known for promoting livestock’s healthy digestion. Thus, it is likely to witness growth during forecast period.

Market Insights, by Form

Based on the form, the phytogenic feed additives market is segmented into dry and liquid form. The liquid form of phytogenic feed additives is estimated to register growth at highest CAGR during the forecast period. The liquid form of phytogenic feed additives is highly consumed and demanded. The essential oils are the types of phytogenic products widely used for all types of livestock and these oils are oily liquids that are derived from plant materials such as roots, flowers, fruits and leaves. It helps in mixing of ingredients which results in uniformity of final product. The rising demand and consumption of liquid form of phytogenic feed additives for livestock diets is estimated to drive growth in this industry.

Market Insights, by Livestock

On the basis of livestock, the phytogenic feed additives market is segmented into swine, aquatic animals, poultry, ruminants and others. The poultry segment is estimated to register growth at highest CAGR followed by swine segment during the forecast period. The concerns over using poultry and swine meats are increasing, the use of phytogenic feed additives is also growing for ensuring safety and quality. The rising awareness about use of animal meat is increasing which has made manufacturers adopt for various organic and natural alternatives such as phytogenic feed additives. Consumers are adopting phytogenic feed additives as they are natural additives this is driving growth in this market during forecast period.

Regional Insights

Europe region is estimated to be the fastest growing region in phytogenic feed additives market. European government has banned the use of antibiotics as growth promoter due to which the natural and organic additives alternatives are rising in feed industry. There are stringent rule and regulation applied in this region for the use of synthetic feed additives due to which manufacturers are adopting phytogenic feed additives which is driving growth in Europe region during the forecast period.

Key Companies & Market Share Insights

The key market players in phytogenic feed additives market are Cargill Inc, Delacon Biotechnik GmbH, Bluestar Adisseo Co., Dupont, BIOMIN Holding GmbH, Natural Remedies, Synthite Industries, Natural Remedies, Pancosma, Dostofarm GmbH, Synthite Industry, Silvateam, Natural Remedies, Nutrex BE, Ayurvet Ltd., and Nor-feed.

The key market players are focusing on providing products which helps in improving animal health along with animal performance. There are many new product launches in coming years. These companies are adopting strategies such as mergers, partnership and acquisition to strengthen their market presence.

Segments Covered in the Report

This report forecasts The Global Phytogenic Feed Additives Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global phytogenic feed additives market report on the basis of form, source, and livestock.

Phytogenic Feed Additives Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Phytogenic Feed Additives Market, By Source, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Flower
  • Fruits & Vegetables
  • Herbs & Spices
  1. Phytogenic Feed Additives Market, By Form, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Dry
  • Liquid
  1. Phytogenic Feed Additives Market, By Livestock, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Swine
  • Aquatic Animals
  • Poultry
  • Ruminants
  • Others
  1. Phytogenic Feed Additives Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Source
    • By Form
    • By Livestock
    • By Country
      • USA
        • By Form
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Source
      • By Form
      • By Livestock
      • By Country
        • Brazil
          • By Form
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Source
        • By Form
        • By Livestock
        • By Country
          • UK
            • By Form
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Source
          • By Form
          • By Livestock
          • By Country
            • China
              • By Form
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Source
            • By Form
            • By Livestock
            • By Country
              • Saudi Arabia
                • By Form
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Nor-feed
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Cargill Inc
    • Delacon Biotechnik GmbH
    • Bluestar Adisseo Co.
    • Dupont
    • BIOMIN Holding GmbH
    • Natural Remedies
    • Synthite Industries
    • Natural Remedies
    • Pancosma
    • Dostofarm GmbH
    • Synthite Industry
    • Silvateam
    • Natural Remedies
    • Nutrex BE
    • Ayurvet Ltd.
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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