Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Feed phytogenics also known as PFA or botanicals are the substance of plant origin added to animal, livestock diet at specific level with an aim of improving the function of livestock, productivity, and feed intake. The feed phytogenics are mostly the supplement that are mostly used to positivity affects the feed quality, health of animal as well as animal based products. In addition, the Feed phytogenics demand for livestock is due to rising consumer demand and consumption for poultry, aquatic, swine and other animal based products. Similarly, growing requirement for quality feed, regulation for livestock health has provided ample of new growth opportunity for the market.
The global feed phytogenics market is driven by different factor like growing awareness of animal health to increase their productivity, digestion and performance in livestock has fuelled the demand for market products. Likewise, growing demand for animal-based products across the globe like meat, dairy based products among others due to their beneficial properties, nutritional properties, and protein contain has increased the demand for livestock by products across the globe. Also, increasing consumption of livestock and growing concern for feed quality has specifically created demand for feed phytogenics in various geographic locations. Likewise, increasing demand for natural ingredients in the feed industry is one the key factor accelerating the demand for the market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the feed phytogenics market. In addition, complete analysis of changes on feed phytogenics market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 has specifically affected the production demand, supply and distribution of products in the initial days of pandemic however demand for feed phytogenics to prevent diseases in livestock has provided positive growth rate for market.
The feed phytogenics market comprises of different market segment like product, livestock, function, application and geography.
The feed phytogenics is available in market according different products including essential oils, herbs & spices, and oleoresins. Herbs & Spices is the leading segment in feed phytogenics market as number of herbs & species ideally have different benefits like medical properties, flavors, which acts as alternative for antibiotics reduction thereby increasing natural ingredients to maintain the health of livestock. Similarly, essential oil and oleoresin are contributing healthy growth in market during the estimated time period.
The feed phytogenics market is studied for various livestock including poultry, swine, ruminant, aquatic, equine, others. Poultry livestock dominated the feed phytogenics market during the estimated time period and is expected to maintain its dominance over the forecast period. The poultry livestock has emerging demand for feed phytogenics market products owing to its major demand worldwide for different animal based products, meat, eggs and other products has fuelled the demand for segment. Likewise, swine, ruminant, are expected to witness rapid demand in the feed phytogenics during the estimated time period as these livestock often have increasing demand for natural ingredients.
The feed phytogenics market has its function for performance enhancers, palatability enhancers, and antimicrobial properties. Performance enhancers and palatability enhancers is expected to witness emerging demand during the estimated time period. The performance enhancers mostly helps in improving the livestock performance further having maximum productivity and enhance the nutritional quality of the feed. Also, the performance enhancers are used in animal nutrition in order to increase the efficiency of utilization of feed by optimizing the intestinal health. Likewise, palatability enhancers are mostly applied during the manufacturing of feed phytogenics which includes ingredients, raw material and others and are mostly used to affect the taste, smell and texture of livestock feed to increase their desirability to companion animals.
The feed phytogenics market finds its major application in feed intake and digestibility, flavoring and aroma, others. Feed intake and digestibility is expected to gain major market for the global feed phytogenics market. The different factors of feed phytogenics which helps in feed intake and digestibility intake reducing the emission, nutrient sparing effects and enhanced digestibility of livestock. Similarly, flavoring and aroma are having rising demand across the globe in feed phytogenics market specifically improving the flavor, taste of feed for livestock.
The global feed phytogenics market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific is anticipated to gain major market for the global feed phytogenics market attributing to rising demand for various livestock animal based products like meat, swine, and dairy products has fuelled the emerging growth of market in region. Besides, the growing concern for livestock health, nutritional, productivity of livestock has specifically created new growth opportunity for feed phytogenics market in Asia Pacific. In addition, increasing popularity for the natural ingredient like feed phytogenics has boosted the market growth. Likewise, North America and Europe are expected to have rising new growth avenue due to regulation for livestock health, demand for quality feed phytogenics products in these region have fuel the market growth.
The key players in feed phytogenics market are Adisseo, Cargill Incorporated, Delacon Biotechnik GmbH , DOSTOFARM GmbH, Dupont, ERBER Group/DSM, Growell India, Kemin Industries, Inc., Natural Remedies , NOBLE LIFESCIENCE, Nutrex, Nutricare, Phytobiotics Futterzusatzstoffe GmbH, Phytosynthese, Silvateam S.P.A., Synthite Industries Ltd., The Himalaya Drug Company, Vetsfarma Ltd., Vinayak Ingredients India Pvt Ltd, Igusol, Biomin GmbH , Norfeed , HUVEPHARMA EOOD, EW Nutrition GmbH, Devenish Nutritio and Indian Herbs among others.
June 2020: The DOSTOFARM launched a new line of natural solutions for respiratory support. The Unique essential oils and extracts of PHYTOsolvan have been selected among hundreds of herbs used in the traditional medicine and it is available in 3 different presentations for meeting the demand of customers.
December 2019: VITOMEK and EW Nutrition had announced that they have signed a distribution partnership agreement which combines the accumulated knowledge, experience and effective solutions in the field of animal nutrition at VitOmek with a portfolio of comprehensive programs, innovative products and services from EW Nutrition.
March 2019: Kemin Industries had announced the expansion of its manufacturing facility in India located in SIPCOT industrial estate. It will allow the Kemin Industries to better serve the increasing demand for specialized nutritional ingredients that address the region’s rapidly growing animal protein industry. The production facility for liquid products is also significantly improved in the new facility.
November 2017: BIOMIN had introduced the innovative, next generation phytogenic feed additive, Digestarom DC, to the Indian Feed and Livestock sectors as the animal nutrition firm continues in the global ambition to become the phytogenic feed additive market leader by 2020.
The report analyses the feed phytogenics market based on by product, livestock, function, application and geography. The feed phytogenics is available in market according different products including essential oils, herbs & spices, and oleoresins. Herbs & Spices is the leading segment in feed phytogenics market. The feed phytogenics market is studied for various livestock including poultry, swine, ruminant, aquatic, equine, others. Poultry livestock dominated the feed phytogenics market during the estimated time period and is expected to maintain its dominance over the forecast period. The feed phytogenics market has its function for performance enhancers, palatability enhancers, and antimicrobial properties. Performance enhancers and palatability enhancers is expected to witness emerging demand during the estimated time period. The feed phytogenics market finds its major application in feed intake and digestibility, flavoring and aroma, others. Feed intake and digestibility is expected to gain major market for the global feed phytogenics market. The global feed phytogenics market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW).
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