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Feed Phytogenics Market by Type, Livestock, Function And Region - Global Forecast to 2023

Feed Phytogenics Market: Global Forecast until 2023

  • June 2018
  • 163 pages
  • ID: 3903664
In this report:
According to OECD-FAO Agricultural Outlook 2017-##, the global poultry meat production stood at ##.## MMT (##.## MT) in 2017, and is expected to increase by about ##% over the next decade, reaching about ##.
It produced ##,## metric tons (##.## KT) of beef in 2017, and its production increased on an average of almost ##% year-on-year from 2013.

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The feed phytogenics market is estimated to rise at a compound annual growth rate of 8.80 percent.

The feed phytogenics market is projected at $631.40M in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 8.80 percent, to attain $962.50M by 2023. Feed phytogenics play a crucial role as natural increase promoters in livestock. They have evolved as top feed additives; they growth feed intake, improve gut function, prevent diarrhea, and have anti-microbial and anti-oxidative effects on livestock. The main drivers of this sector are growing animal husbandry, implementation of new technology including encapsulation in feed phytogenics, and rising focus on untapped markets including Brazil, Thailand (TH), Vietnam (VN), China (CN), and India (IN). Nevertheless, the high cost of these natural feed additives and complex composition of phytogenic feed additives are some of the factors restraining the increase of the feed phytogenics market.

Demand for palatability enhancing feed phytogenics is forecasted to witness high rise during the outlook period.

On the basis of function, the palatability enhancers segment is expected to grow at the highest compound annual growth rate (CAGR) from 2018 to 2023.The use of phytogenics as palatability enhancers is gaining popularity with the growing need to rise the productivity of animals due to the rising demand for animal-based products.

These products growth the feed intake in the animals, especially in the younger animals, thereby promoting the increase of the animals.

Asia-Pac is projected to dominate the feed phytogenics market in 2018.

The Asia Pacific area is expected to account for the biggest share of the overall feed phytogenics market in 2018.Increase in population, the increase in disposable income of the population, progressive urbanization in the territory, and rise in demand for quality meat products is expected to fuel the industry demand for natural feed additives.

Moreover, the increase of the feed market in the Asia Pacific area increased by 3.0 percent between 2016 and 2017, with a rise in the number of feed mills and feed production, particularly in countries including China and India (IN).

Break-up of Primaries:

• By Company category: Tier 1 - 33 %, Tier 2 - 28.0 percent, and Tier 3 - 39.0 percent

• By Description: C-suite - 49.0 percent, D-suite - 21.0 percent, and Others* - 30.0 percent

• By Area: North America continent - 25.0 percent, Europe (EU) - 30.0 percent, Asia Pacific (APAC) - 40.0 percent, and rest of the world - 5.0 percent

*Others contain sales managers, marketing managers, and product managers.

• Kemin Sectors

Segment Research

The document breaks down the feed phytogenics on the basis of class, function, livestock, and area. In terms of insights, this business report has emphasized different levels of analyses-competitive landscape, end-use review, and company descriptions, which together comprise and examine views on the emerging & high-growth segments of the overall feed phytogenics market, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get a comprehensive overview of the feed phytogenics market

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

• To benefit business insights about the main countries/localities in which the feed phytogenics market is prospering

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