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 is referred to as botanical or phytobiotics which are plant based feed additives utilized in animal nutrition. The feed phytogenics often comprises a range of variety of herbs, species and products derived from the plant based source which are mostly used to improve the palatability of feed in livestock. The increasing number of livestock across the region and increasing demand for animal based products in Asia Pacific, awareness for the quality to feed for boosting the productivity is expected to drive the market during the estimated time period.
The Asia Pacific feed phytogenics market is driven by different factors like growing awareness of animal health due to rapid I livestock population and increasing diseases outbreak has led the growing concern for livestock health and their feed intake. Besides, growing demand for animal-based products due to increasing consumption of meat, dairy products, and eggs among others has specifically fuelled the growing demand for market. Likewise, increasing demand for natural ingredients in the feed industry for livestock is propelling the market growth to huge extend.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Asia Pacific 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 country.
The feed phytogenics is available in market according different products including essential oils, herbs & spices, and oleoresins. Herbs & Spices is having emerging demand in the Asia Pacific region, as the herbs and species are the plant derivative providing proper metabolism in the livestock containing antioxidants which helps in achieving health benefit beyond the basic nutrition in feed. Similarly, essential oils and oleoresins like to have propelling growth during the estimated time period.
The feed phytogenics market is studied for various livestock including poultry, swine, ruminant, aquatic, equine, others. Poultry is leading livestock in the Asia Pacific feed phytogenics market. The changing dynamics in region and growing consumption of meat, egg products has created emerging demand for feed phytogenics market in Asia Pacific poultry segment. Besides, concern for providing proper livestock feed in poultry to increase their production capacity to driving the segment growth. Likewise, in the region other livestock like swine, ruminant, aquatic, equine are experiencing rising demand for the feed phytogenics due to growing demand for animal based products.
The feed phytogenics market has its function for performance enhancers, palatability enhancers, and antimicrobial properties. Palatability enhancers are expected to gain substantial position in Asia Pacific feed phytogenics market as segment highly influence the livestock to increase the intake of feed in livestock. The palatability enhancers are mostly added to minimize the taste of vitamin, mineral and other medicine thus increase the feed intake by the livestock. Likewise, performance enhancers is expected to have growing demand in the feed phytogenics market as it help to propel the overall activities of livestock and increase their activities as well as productivity.
The feed phytogenics market finds its major application in feed intake and digestibility, flavoring and aroma, others. Feed intake and digestibility is anticipated to witness emerging demand for feed phytogenics market as it support in the development of livestock gastrointestinal tract and help to ease stress in animal production and development. Furthermore, the feed intake and digestibility promotes the growth performance and nourish the pathogenic bacteria as well as proper intake and digestibility helps to reduce the emission of livestock. Likewise, flavoring and aroma is likely to have growing demand during the estimated time period as it improve the feed taste with improved feed intake and overcomes the change in feed composition without reducing the feed intake.
Asia Pacific feed phytogenics market is studied for the following countries like China, India, Japan and Rest of APAC among others. China is anticipated to lead in the Asia Pacific feed phytogenics market as the country has growing demand for various livestock and the increasing number of producer in livestock, rising consumption of animal based products has specifically fuelled the demand for Asia Pacific feed phytogenics market. On the other hand, outbreak of COVID-19 has created a surge for maintaining the livestock health which has ultimately led the requirement for Asia Pacific feed phytogenics market. Similarly, India is also having increasing requirement for feed phytogenics as the country has number of producer, farming is done in the country. Likewise, the consumption of livestock based products has increased the market growth in the country.
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.
January 2021: Nutrex is pleased to join hands with Kantipur Vet Distributors Pvt. Ltd in Nepal. The Kantipur Vet Distributors is a leading distributor in Nepal dealing with feed supplements, premixes, vaccines etc.
November 2020: Phytobiotics Brazil expands its product portfolio and announced a new international partnership with BioZyme Inc. The US Company has been in business for more than 50 years and reaches many markets in North and South America, Asia, Europe, Africa and Indian subcontinent.
September 2020: DuPont Animal Nutrition partnered with Proteon Pharmaceuticals in the poultry industry. The partnership will bring the emerging bacteriophage technology to poultry producers which assists in mitigate antimicrobial resistance.
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.
The report analyses the Asia Pacific feed phytogenics market based on by product, livestock, function, application and country. The feed phytogenics is available in market according different products including essential oils, herbs & spices, and oleoresins. Herbs & Spices is having emerging demand in the Asia Pacific region. The feed phytogenics market is studied for various livestock including poultry, swine, ruminant, aquatic, equine, others. Poultry is leading livestock in the Asia Pacific feed phytogenics market. The feed phytogenics market has its function for performance enhancers, palatability enhancers, and antimicrobial properties. Palatability enhancers are expected to gain substantial position in Asia Pacific feed phytogenics market. The feed phytogenics market finds its major application in feed intake and digestibility, flavoring and aroma, others. Feed intake and digestibility is anticipated to witness emerging demand for feed phytogenics market. Asia Pacific feed phytogenics market is studied for the following countries like China, India, Japan and Rest of APAC among others.
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