Allied Market Research

2024

Phytogenic Market

Phytogenic Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Herbs and Spices, Essential Oils, Oleoresins, Others) and by Livestock (Aquatic Animals, Ruminants, Swine, Poultry, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Eswara Prasad
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Phytogenics are non-antibiotic growth promoters or group of natural growth promoters used as feed additives, derived from spices, herbs or other plants. They are regularly used to as anti-toxins in domesticated animals. Essential oils are the concentrated type of phytogenics, which contain the most vital elements of plants. The advantages of utilizing phytogenics in feed include rise in feed consumption, decline in the frequency of thin bowels in animals, and upgrade in feed proficiency. Phytogenics are available in dried, strong, and ground structure as it is expelled from crucial oil. The advancement in the technology such as encapsulation helps in extending phytogenics shelf life and protect them from extreme environmental climate changes. Phytogenics have a potential to enhance the production performance and productivity of livestock. It can also perform antimicrobial activities, enhance palatability and can improve gut functions.

The rise in demand for natural meat requires increased livestock production and higher volumes of feed and feed additives, which, in turn, boosts the growth of the market. In addition, ban on antibiotic growth promoters in developed countries due to rise in health concerns is expected to drive the growth of the market. Furthermore, increase in affordability of phytogenics due to surge in availability and commoditization of various herbs used in phytogenic products propel the market growth. However, the high cost of natural feed additives and complex composition of phytogenic compounds restrains the market. Furthermore, the rise in demand for different dairy products such as milk, cream, beef, pork, and poultry products is providing a good growth opportunity for phytogenics products.

The global phytogenic market is segmented by product, livestock, and region. Based on product, the market is segmented into herbs and spices, essential oils, oleoresins, and others. Based on livestock type, the classification is done into aquatic animals, ruminants, swine, poultry, and others. Ruminants are further classified into calves, dairy cattle, beef cattle, and others. Region wise, it is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia Pacific is the most prominent region across the world, in terms of market share, owing to the increasing requirements for quality meat products.

The key players operating in the global phytogenic market are Cargill, DuPont, Dostofarm, Delacon Biotechnik, Adisseo, Pancosma, Phytobiotics Futterzusatzstoffe GmbH, Phytosynthese, Himalaya Drug Company, and Synthite Industries Ltd.

Key Benefits for Stakeholders:

  • The global phytogenic market size has been analyzed across four major regions.
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of phytogenic for strategy building.
  • The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets. The market is forecasted.
  • Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, opportunities & phytogenic market trends along with their detailed impact analysis are elucidated in the study.
  • The global phytogenic market analysis covers in-depth information of the major industry participants.

Questions answered in the phytogenic market research report:

  • What is the growth rate of the phytogenic market during the forecast period?
  • What will be the global phytogenic market size?
  • Who are the leading manufacturing companies in the phytogenic market?
  • How the major current trends will shape the market in the future?
  • What are the driving factors and opportunities in the market?
  • Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
  • Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?
  • What are the conclusions of the phytogenic report?

Phytogenic Market Report Highlights

Aspects Details
Phytogenic Market By Product
By Product
  • Herbs and Spices
  • Essential Oils
  • Oleoresins
  • Others
Phytogenic Market By Livestock
By Livestock
  • Aquatic Animals
  • Ruminants
  • Swine
  • Poultry
  • Others
Phytogenic Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players
Key Market Players

Himalaya Drug Company, Pancosma, Phytobiotics Futterzusatzstoffe GmbH, Cargill, Delacon Biotechnik, Adisseo, DuPont, Synthite Industries Ltd, Dostofarm, Phytosynthese

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Phytogenic Market

Global Opportunity Analysis and Industry Forecast, 2023-2032