Feed Phytobiotics Market Business Opportunity, Size, Share, Global Demand, Growth Factors, Main Top Key Players and Regional Forecast- 2023
Jul 9, 2019
Feed Phytobiotics Market is expected to grow at a CAGR of 5.3% from 2019 to 2023, Global Feed Phytobiotics Market is segmented by source, function and application
Pune, India - July 9, 2019 /MarketersMedia/ —
Market Insight
The global feed Phytobiotics market could expect to do well at an excellent CAGR during the forecast period (2017-2023), says Market Research Future (MRFR).
Prominent Vendors
Some of the prominent vendors in the worldwide feed phytobiotics market are-
• Alltech, Inc. (U.S.)
• Archer-Daniels-Midland Company (U.S.)
• E.I. du Pont de Nemours and Company (U.S.)
• Cargill Inc. (U.S.)
• Kemin Industries, Inc. (U.S.)
• Phytobiotics Futterzusatzstoffe GmbH (Germany)
• BIOMIN Holding GmbH (Austria)
• AB Agri Ltd. (U.K.)
• Neovia (France)
• ForFarmers N.V.(Netherlands)
Get a Free Sample Report@ https://www.marketresearchfuture.com/sample_request/4717
Growth Drivers and Top Barriers
Feed phytobiotics help accelerate the production of digestive enzymes, in addition to assisting in immune stimulation. They hold anti-bacterial, anti-microbial, antioxidant, and antiviral properties. These are mostly available in dried, ground and solid forms. Other than improving feed quality, feed phytobiotics help elevate animal health as well, by preventing livestock diseases. Owing to these qualities and properties, the market is expected to have luxurious growth in the near future, backed by increasing product demand.
Speaking of benefits, feed phytobiotics act as natural growth promoters (NGPs) on account of their natural origin and has gained major traction among poultry feed additives. As feed phytobiotics leave a beneficial impact on the animals’ immune system as well as livestock growth performance, the demand is touted to rise in the subsequent years. Furthermore, feed phytobiotics are considered to be the perfect alternative to traditional antibiotics and various other allopathic medicines that used in poultry production. Backed by these factors, the feed phytobiotics market is bound to experience significant growth during the evaluation period.
Expanding population in developing economies has uplifted the demand for production of poultry, ruminants as well as various other livestock for consumption. This factor accelerates the demand for feed phytobiotics. Rising consumption of poultry as well as meat products adds fuel to the growth of the market as well.
Market Segmentation
The worldwide feed phytobiotics market can be segmented on the basis of source, function and application.
Source-wise, feed phytobiotics market can be broken down into plant extract, spices, herbs, and others. Between these, the plant extract segment has taken the lead in the market, with spices being coming in second. Essential oils derived from plants contain good antimicrobial properties, which finds common use in poultry and livestock feed application. The spices segment’s growth is expected to be rapid on account of its anti-inflammatory properties, which is used to prepare livestock feed.
The market, with context to function, cover anti-microbial, anti-oxidants, anti-inflammatory, anti-viral, and others. Out of these, the anti-microbial segment is at the top spot in the worldwide feed phytobiotics market. Its application in anti-inflammatory properties can expect to note strong growth over the coming years.
With respect to application, the feed phytobiotics market is split into poultry, ruminants, swine, and others. The poultry segment steals the limelight with the biggest share in the market, based on the surging consumption of meat and meat products around the world. Meanwhile, the ruminants segment can project consistent growth in the subsequent years because of the growing poultry industry.
Regional Analysis
The key markets for feed phytobiotics are Europe, North America, Asia Pacific, along with the rest of the world (RoW).
Asia Pacific is the most profitable Feed Phytobiotics Market followed by North America. The region is marked with huge population which gives rise to the consumption of poultry and meat products. China is considered to be a prominent exporter of meat and poultry, which benefits the regional market as a whole.
The United States (U.S.) is the biggest market for feed phytobiotics in North America. The governments in the region are making efforts to curb the use of antibiotics as well as allopathic medicines for poultry production which prevents the outbreak of livestock diseases. This can be touted as the chief factor uplifting the growth of feed phytobiotics market in the region.
In Europe, gradually rising population and increasing disposable income are the factors imminently supporting the market growth. Also, progressive urbanization and surge in demand for quality meat products that accelerate the demand for natural feed additives, stimulate the market growth as well.
Recent Developments
June 2019
Kemin Nutrisurance recently launched PALTEVA, which is a range of natural flavor enhancers for dog food. With the aim of aiding manufacturers cater to the rising demand for natural pet food, the PALTEVA palatants offer super-premium flavor with formulations that have only one natural ingredients as well as preservatives.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/feed-phytobiotics-market-4717
Source: MarketersMedia
Release ID: 88893985
More News
Rs 3,000 crore drugs seized from Iranian boat in Arabian Sea; 5 Pak nationals detained
The Indian Coast Guard conducted an operation on September 25, resulting in the seizure of significant drugs. Five Pakistani nationals were detained during this joint operation with Gujarat Anti-Terrorist Squad. The drugs, valued at over Rs 3,000 crore, were transported by an Iranian boat. This operation emphasized the commitment to preventing transnational drug trafficking in India's maritime areas.
Bangladesh women lose ground after quota reform
Bangladesh's 2024 student-led uprising was fuelled by a demand that coveted government jobs be awarded on merit, not through quotas. In 2024, it was proposed to reinstate quotas, sparking student protests.
Mumbai daycare shocker: Daughter who believed in rebirth preserved father's body in freezer for 4 years, paid ₹1.6 lakh monthly to agency to preserve it
A 78-year-old man's body was found in a freezer at a Mumbai daycare centre, four years after his death. His daughter, who reportedly believed in rebirth, allegedly helped preserve his body, with the family paying ₹1.6 lakh monthly. Police are investigating the case, and the woman has appointed lawyers to represent her.
Asian Games: India’s Women Squash Team Books Semifinal Berth, Assures Medal
Tanvi Khanna and Anahat Singh starred as India defeated Singapore 2-0 to reach the women’s squash semi-finals, guaranteeing the nation another podium finish in Aichi-Nagoya.
East Champaran Floods: Gandak river swells to record high, breaches embankments in Bihar
Recent heavy rainfall in Nepal has resulted in the Gandak river swelling to record levels in Bihar. The overflow has damaged embankments and prompted significant flooding in multiple villages. Local authorities have deployed teams to repair the damage and assist affected communities. Transport services have been disrupted, and arrangements for relief have been made in several locations. Similar critical situations are reported along the Kosi and Bagmati rivers in Bihar.
East Champaran Floods: Gandak river swells to record high, breaches embankments in Bihar
Recent heavy rainfall in Nepal has resulted in the Gandak river swelling to record levels in Bihar. The overflow has damaged embankments and prompted significant flooding in multiple villages. Local authorities have deployed teams to repair the damage and assist affected communities. Transport services have been disrupted, and arrangements for relief have been made in several locations. Similar critical situations are reported along the Kosi and Bagmati rivers in Bihar.
Trump says Iran will 'give up', claims US took record oil out of Strait of Hormuz
US President Donald Trump claimed that Iran would eventually give up amidst ongoing tensions over oil in the Strait of Hormuz. During a meeting with technology executives, Trump signed a joint commitment regarding advanced artificial intelligence safety. Iranian lawmakers responded by warning that no infrastructure would be safe if Iran's security was compromised. Meanwhile, US officials hinted at potential sanctions relief for Iran contingent on nuclear progress.
Ekadashi in October 2026: Check Indira Ekadashi and Papankusha Ekadashi dates, vrat timings, parana time, significance and fasting rules
October 2026 will celebrate two important Ekadashi days: Indira Ekadashi on the 6th and Papankusha Ekadashi on the 22nd. Indira Ekadashi focuses on honoring our ancestors, while Papankusha Ekadashi highlights the values of devotion and self-discipline. Both observances involve prayers, fasting, and rituals dedicated to Lord Vishnu. Devotees should consult their local Panchang for precise timings regarding these sacred occasions.
New York Governor Hochul pushes for investigation into Cornell's handling of a 2024 gang rape allegation
New York Governor Kathy Hochul has requested an investigation into Cornell University's response to a gang rape allegation. The allegation involves a woman claiming she was assaulted by seven students at the Chi Phi fraternity. While the lawsuit states she was incapacitated, the district attorney had initially opted not to prosecute. Cornell has acknowledged its own investigation and suspension of certain students over the matter.
Asian Games 2026: India Overpower China To Win Women's Compound Archery Gold
India’s women’s compound archery team of Jyothi Surekha Vennam, Chikitha Taniparthi and Prithika Pradeep defeat China to win gold and bag the country's 53rd medal.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.