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Europe 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, Competitive Market Share & Forecast, 2020–2026

Published Date: November 2020 | Publisher: Graphical Research Report ID: GR1506 | Delivery : PDF

Europe Feed Phytogenics Market share was valued at above USD 188.5 million in 2019 and industry is expected to witness substantial gains at over 3% by 2026.

A group of natural growth promoters or non-antibiotic growth promoters is known as phytogenics orbotanicals. Growth promoters are used to improve animal feed intake, digestion stimulation, immunity system, bone and muscle mass, and performance of livestock. Also, it has antimicrobial properties, which enhance & improve gut functions, and promote growth.

Phytogenics feed is mainly extracted from herbs, spices and other non-flowing plants. These are used for production of animal food and nutrition. Herbs and species have various medicinal properties such as antioxidant, anti-inflammatory, and anti-microbial.  Feed phytogenics are majorly used to improve animal health and feed quality. The addition of feed phytogenics to animal nutrition’s promotes healthy digestion in livestock owing to its anti-inflammatory, antimicrobials, antioxidants, and immunostimulants properties. Furthermore, the ban on the use of certain antibiotics as growth promoters is likely to drive the market.

Based on product type, essential oil dominates the market in 2019 and should witness gains of about 3.4 % during the forecast period. Essential oils have gained extensive recognition in the feed industry in recent years due to, its medicinal properties such as it helps to reduces anxiety and relief from pain and stress.  Phytogenics feed additives from essential oil are highly adopted, owing to its ability to offer protection from high temperature,  significant aroma,  antimicrobial, oxidative and volatile properties. Also, it helps to increase feed consumption and utilization by livestock thereby increasing productivity. Phytogenics feed additives are mostly used in poultry and animal diets because it is easy to digest and helps in various metabolic processes among animals.

Photogenic feed offers various benefits such as increased feed intake, digestion stimulation, immunity support and bone & muscle development among animals. Also, additives play a very important role in enhancing the quality of the feed for livestock. The technological advancement in poultry industry and the improvement of feed nutrition should accelerate the incorporation of feed additives in animal feed.  Use of feed additives in the poultry sector, as a growth promoter is beneficial for improvement of production and prevention of diseases. However, this large utilization has led to the increasing resistance of pathogens to antibiotics and the accumulation of antibiotic residues in animal products and in the environment.

European market from poultry was valued over 59.5 million in 2019. Increasing demand for organic and safe poultry meat, will boost the growth for market. Additionally, the use of synthetic antibiotics as a growth promoter is banned in many European countries, due to its side effects, which should also drive the European phytogenics feed additives industry.

Europe market has been geographically segmented into Germany, France, Spain, Netherlands, Poland, Belgium, Spain, Russia, and Italy. According to market estimates, France, Germany and UK accounted for over above 50% market share in 2019 in the European market, owing to increasing demand for organic meat intake and nutritious feed in these countries. Rising awareness regarding health & wellness of livestock is driving the market growth in the region. Also, restriction on the use of in-feed antibiotics in many countries should boost the market growth.

Europe feed phytogenics market share is competitive with key players including
Phytobiotics Futterzusatzstoffe GmbH, Igusol, Phytosynthese, Dostofarm GmbH, BIOMIN Holding GmbH (Austria), Cargill, Incorporated, DuPont, Adisseo, Biomin GmbH, Delacon Biotechnik GmbH, Pancosma, Phytobiotics Futterzusatzstoffe GmbH, NOR-FEED, Phytosynthese. Manufacturers are majorly focussing on new product launches to improve animal health and performance as well as collaborations to gain competitive advantage.
 

Frequently Asked Question(FAQ) :

The industry share of Europe Feed Phytogenics is projected to witness more than 3% growth rate during 2020 to 2026.
Increasing demand for organic and safe poultry meat, will boost the growth for Europe feed phytogenics market.
Europe market has been geographically segmented into Germany, France, Spain, Netherlands, Poland, Belgium, Spain, Russia, and Italy.

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Europe Feed Phytogenics Market Size 2020-2026: Key Leaders Analysis


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