A report on feed phytogenics market analysis of past, present and future trends

• The global feed phytogenics market is segmented on the basis of type, livestock, function and geography
• The global feed phytogenics market is expected to reach XX USD Mn by 2024 with a growing CAGR of XX% from 2018 to 2024
• The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
Feed phytogenic are the several varieties of plant-derived products like spices, herbs which are used as animal feed for the better performance of livestock. Feed phytogenics have antioxidant property and protect feed lipids from the oxidative damage. Other benefits of feed phytogenics are antiviral, antifungal, antimicrobial etc. Feed phytogenic are available in ground or dried forms or like essential oils or extracts.

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Intense practice of selective breeding and growing awareness among the consumers regarding the quality of the meat and increased consumption of meat around the world are the major driving factors of the market. Furthermore, growing demand for nutritive feed, increasing number of livestock, sustainable animal nutrition products, growing management of feed operating costs are expected to improve revenue share of the feed phytogenics. However, lack of efficacy of these products because of their complex nature and unpleasant taste and odour will hamper the growth of the feed phytogenics market.
The feed phytogenic market is divided into following categories-

1. Type
   • Oleoresins
   • Essential oils
   • Herbs & spices

2. Livestock
   • Ruminants
   • Swine
   • Equine
   • Poultry
   • Canine
   • Faline
   • Aquaculture

3. Function
   • Palatability enhancers
   • Performance Enhancers
   And lastly, on the basis of geographical regions, the global feed phytogenics market is classified as into five key regions as Europe, Asia- Pacific, North America, Middle East & Africa and Latin America.
   APAC region is projected to acquire a relatively high market share in feed phytogenics market globally owing to the continuous investments by the manufacturers to expand their geographical presence in emerging economies.
   Europe is anticipated to show rapid growth in feed phytogenics marketdue to a ban of antibiotic feed additives by the European Union.
   North America is also experiencing rapid growth in production capacity of phytogenic feed as a rising demand for the poultry products.
   Some of the market players in feed phytogenics market are Dupont (U.S.), Cargill, Inc. (U.S.), Phytosynthese (France) , Kemin Industries, Inc. (U.S.), BIOMIN Holding GmbH (Austria.), Delacon Biotechnik GmbH (Austria), PANCOSMA SA (Switzerland), DOSTOFARM GmbH (Germany), Phytobiotics Futterzusatzstoffe GmbH (Germany), and A&A Pharmachem Inc. (Canada).
   Some of the market development include Delacon and Cargill entered into a strategic partnership in 2017, to produce and market natural and plant-based feed additives on the global scale.
   Feed phytogenics market is less concentrated and moderately competitive because of the presence of few firms. Companies are adopting various growth strategies such as new product developments and launches, acquisitions, collaborations, agreements etc. to ensure their presence in the market. Palatability enhancers are attaining the significant position in feed phytogenics as they have high influence in enhancing the intake of food in animals.
   Key Questions Answered
   • What is the current and future feed phytogenics market outlook worldwide? What trends are affecting the global market?
   • What is the competitive landscape and market share of major players in the feed phytogenics globally?
   • What are the key, high growth markets that feed phytogenics manufacturers should expand into? Which market segments are growing the fastest?
   • What are the unmet needs with the feed phytogenics currently on the market? How will emerging technologies fulfil these unmet needs?
   • What is physician perception and market outlook of feed phytogenics?
   • What are the challenges and barriers that have hindered widespread adoption of feed phytogenics?
   Reasons to buy feed phytogenics market Report:
   • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
   • Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
   • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
   • Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
   • A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
   • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
   • Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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