Feed Phytobiotics Market by Top Key Players, Size, Subdivision & Market Dynamics Forces by 2024

08/ago/2019 12:16:10 Tejas Amale Contatta l'autore

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Market Overview

Feed phytobiotics are plant-derived livestock feed formulation, which is added to improve the nutritional content of the feed. The phytobiotics feed helps in stimulation and secretion of digestive enzymes, which, in turn, stimulate an immune response. Feed phytobiotics holds a good anti-microbial, anti-bacterial, antiviral, and antioxidant properties, which is used to improve animal health and reduce the livestock diseases. These probiotics are commonly available in solid, dried, and ground forms.

Market Forecast

Feed phytobiotics are natural growth promoters, which provide additional nutrients and improve the quality of livestock feed. Increasing livestock diseases due to conventional antibiotics and allopathic medicine use has raised the concern of bacterial resistance which has feulled a demand for low cost, high quality and effective alternative in poultry feed additives, which is driving the market for feed phytobiotics. Moreover, increasing awareness of animal health and rising concern for animal nutrition is boosting the feed phytobiotics market.

Governments are taking efforts to limit the use of antibiotics and allopathic medicines for poultry production to prevent consumers from the outbreak of livestock diseases has uplifted the growth of feed phytobiotics market. However, the high cost of processing and raw materials may hamper the feed phytobiotics market over the review period.

The global feed phytobiotic market is expected to grow at a CAGR of 5.3% during the forecast period 2017-2023.

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Competitive Analysis

The major players in the Feed Phytobiotics Market

  • AB Agri Ltd. (U.K.)
  • Archer-Daniels-Midland Company (U.S.)
  • Alltech, Inc.(U.S.)
  • BIOMIN Holding GmbH (Austria)
  • Cargill Inc.(U.S.)
  • E.I. du Pont de Nemours and Company (U.S.)
  • ForFarmers N.V.(Netherlands)
  • Kemin Industries, Inc.(U.S.)
  • Neovia (France)
  • Phytobiotics Futterzusatzstoffe GmbH (Germany)

Market Segmentation

Feed phytobiotics market is segmented on the basis of source, function, application, and region.

Downstream Analysis

Based on the source, feed phytobiotics market is segmented into plant extract, spices, herbs, and others. Feed is dominating the market followed by spices. Essential oils extracted from plants have good antimicrobial properties, which is commonly used in poultry and livestock feed application. Spice segment is growing rapidly owing to anti-inflammatory properties, which is used for preparing livestock feed.

Feed phytobiotics market is segmented on the basis of function such as anti-microbial, anti-oxidants, anti-inflammatory, anti-viral, and others. The anti-microbial segment is dominating the global feed phytobiotics market. However, its application in anti-inflammatory properties is expected to witness high growth over the forecast period.

The feed phytobiotics are segmented into poultry, ruminants, swine, and others. Among all, poultry is dominating the market based on increased consumption of meat and meat products globally. However, ruminants are projected to support the development of the poultry industry

Regional Analysis

The Global Feed Phytobiotics Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the phytobiotics market feed followed by North America owing to rising population following by increasing consumption of poultry and meat products in developing regions. Moreover, China is the major exporter of poultry and meat, which, in turn, drives the market of feed phytobiotics in Asia Pacific.

The US dominates the North American feed phytobiotics market owing to the government regulations on the use of antibiotics and allopathic medicines in livestock.

Moreover, rising demand for poultry products in countries like the UK and France in the European region is likely to boost the feed phytobiotics market over the forecast period.

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