Feed Phytogenics Market Size By Product (Essential Oils, Herbs & Spices, Oleoresins), By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022

Published Date: March 2016 | 80 Pages | Report ID: GMI120 Report Format: PDF

Inquiry Before Buying   Request Sample
Summary Table of Contents Industry Coverage Methodology

Industry Trends

Feed phytogenics market size is anticipated reach above 145 kilo tons by 2022, with gains at over 2.5%.
 

Germany feed phytogenics market share, by product, 2014

 

Germany feed phytogenics market share, by product, 2014


Increasing reliability on natural growth promoters (NGPs) for livestock production such as broilers, swine and cattle for meat consumption is likely to drive feed phytogenics market size over the forecast period.


Increase in per-capita meat consumption coupled with rise in livestock production is likely to drive phytogenic feed additives market growth. Global meat production was estimated at over 310 million tons in 2014 with Y-o-Y growth of 1.8%. Meat consumption has expanded more than fourfold over the past five decades.


Phytogenic feed additives such as essential oils, herbs & species and oleoresins are used in animal food, These products provide & improve nutrition to livestock such as swine, cattle & broiler which are majorly used for meat consumption as a source of protein. These additives are also known to have antiviral, antifungal, antioxidative and antimicrobial properties.


Reduction in antibiotics use as growth promoters in animal food additives by governments in EU and the U.S. over resistance development issues is likely to drive feed phytogenics market share. EU has banned antibiotics use in animal food since 2006 and the U.S. FDA will completely ban its use by 31st December, 2016. These regions are promoting use of natural additives, particularly plant extracts.


Consumers demand for chicken, pork, beef and turkey raised without antibiotics use in growing fast. Motivated by personal health, animal welfare, taste, quality and environmental concerns, many consumers, particularly in the U.S. are seeking alternatives to conventional meat products, typically without antibiotics usage.


Certain fast food restaurant chains and meat producing companies are reducing reliance antibiotics in meat production. In 2015, McDonalds in the U.S. announced to serve chicken without use of important antibiotics within two years. In the same year, Tyson Foods in the U.S., has also announced to discontinue antibiotics usage by 2017.


Lack of efficacy of these compounds owing to their complex nature coupled with unpleasant taste or odor of certain substances may hinder demand and affect feed phytogenics market price trend. Certain compounds such as essential oils are volatile in nature which can result in rapid evaporation and causing variation in final concentration of feed products. These can overcome by adopting microencapsulation technology which can reduce the overall dosage and bring down overall costs.
 

Feed Phytogenics Market, By Product 

Essential oil feed phytogenics market size was dominant, with valuation of over USD 225 million in 2014. They are used for increasing the animal performance. In ruminants, essential oils play an important role in reducing rumen ammonia production and increasing protein by pass. They help in effective weight gain in pig production applications.


Herbs & spices accounted for over 30% of the total demand in 2014 and likely to witness below average gains from 2015 to 2022.They act as digestion & appetite stimulants and also help to sustain good health & welfare of animals by improving their performance.


Feed Phytogenics Market, By Livestock 

Poultry production application dominated the phytogenic feed additives market consumption with valuation at over USD 180 million in 2014. These products are commonly used as coloring agents to improve egg yolk color in laying hens as they cannot synthesize pigments. Current trend towards antibiotic reduction in poultry diets, particularly in North America, is likely to put pressure on animal food industry to look for viable alternatives and thereby favoring feed phytogenics demand.


Swine applications accounted for over 26% of the total demand in 2014 and are likely to grow ar moderate rates from 2015 to 2022. They play an important role during weaning for piglets and also helps in maximizing milk yeild while keeping sow in good body condition


Feed Phytogenics Market, By Region

Asia Pacific, with China and India feed phytogenics market size being the dominant users, was the largest and registered more than USD 155 million in 2014. Asia Pacific dominated global meat consumption in 2014 and is likely to continue the same trend. Increase in spending capacity coupled with introduction of frozen meat & meat outlets in many parts of China and India owing to changing lifestyle is likely to drive demand.


Europe feed phytogenics market share accounted for over 27% of the total volume in 2014 and is likely to witness moderate gains during the forecast period. Ban on antibiotic growth promoters (AGPs) since 2006 owing to growing health concerns over consumers is likely to drive demand. Consumers in this region rely much on processed meat outlets owing to hectic lifestyle and increase spending capacity.


Competitive Market Share

Global feed phytogenics market share is consolidated with companies focusing on product innovation coupled with regulatory compliance. Major companies focused on in this report consist of Biomin, Delacon Biotechnik, and Pancosma SA.  Other key companies include Nutricare Lifesciences, Silvestris, Nor-Feed Sud and TrueVet.
 


What Information does this report contain?

What was the historic market data from 2012 to 2014, what is the industry growth forecast from 2015 to 2022?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2022?
What are the technology & innovation trends, how will they evolve by 2022?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?


Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security
This site is protected by Trustwave's Trusted Commerce program Authorize.Net Merchant - Click to Verify

Connect with our sales team