Global Phytogenic Aquafeed Additives Market, By Type (Essential Oils, Flavonoids, Saponins, and Oleoresins), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Herbs & Spices, Flowers, and Fruits & Vegetables), Ingredient(Anti-Parasitic, Feed Acidifiers, Prebiotics and Palatants), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Hungary, Turkey, Rest Of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Israel, U.A.E., Saudi Arabia, Egypt and Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Phytogenic Aquafeed Additives Market
Phytogenic aquafeed additives market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 9.70% in the above-mentioned forecast period. Growing restriction on the use of antibiotics has been directly impacting the growth of phytogenic aquafeed additives market.
Phytogenic aquafeed additives are a mixture of secondary metabolites found in plants. They are not essential to the basic transformation of plants, but play a key role in protecting plants from environmental and other threats, as well as attractive purposes such as pollination and seed dispersal. Parasites, such as Oodinium, Costia, Trichodina, and Flukes, can cause fish to produce velvet, a layer of white mucus, also known as slime. Bacteria that cause harmful effects on fish include Eubothrium crassum, Argulus foliaceus, Argulus coregoni, Argulus, Lepeophtheirus salmonis, and Caligus. Antiparasitics are responsible for reducing and reducing the incidence of such diseases.
Growing awareness among aquafeed manufacturers regarding the nutritive benefits of aquafeed additives that are rich in protein content is the main driving factor for the phytogenic aquafeed additives market. Increasing meat consumption and antibiotics ban benefiting feed phytogenics demand is also a driver for the phytogenic aquafeed additives market. Increasing inclination towards natural growth promoters (NGPs) demand is an opportunity for the phytogenic aquafeed additives market.
Lack of transparency in patent protection laws and regulatory compliance in various countries has led to the duplication of products which is a challenge for the growth of phytogenic aquafeed additives market. However, the lack of systematic evaluations as feed additives is the main restraint for the artificial grass market during the forecast period of 2021-2028.
This phytogenic aquafeed additives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research phytogenic aquafeed additives market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Phytogenic Aquafeed Additives Market Scope and Market Size
Phytogenic aquafeed additives market is segmented on the basis of type, livestock, source and ingredient. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Phytogenic aquafeed additives market has been segmented based on type, into essential oils, flavonoids, saponins, and oleoresins.
- Based on livestock, the phytogenic aquafeed additives market is segmented into poultry, swine, ruminants, and aquatic animals.
- Based on source, the phytogenic aquafeed additives market is segmented into herbs & spices, flowers, and fruits & vegetables.
- Based on ingredient, the phytogenic aquafeed additives market is segmented into anti-parasitic, feed acidifiers, prebiotics and palatants.
Phytogenic Aquafeed Additives Market Country Level Analysis
Phytogenic aquafeed additives market is analysed and market size insights and trends are provided by country, type, livestock, source and ingredient as referenced above.
The countries covered in the phytogenic aquafeed additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the phytogenic aquafeed additives market due to rising consumption of seafood in countries and increasing consumption of the species such as salmonids and mollusks, especially hard clams, oysters, and mussels . Europe is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to rising popularity of mussels in the region as a source of inexpensive protein coupled with the presence of fish breeding bases in Western Europe.
The country section of the phytogenic aquafeed additives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Phytogenic Aquafeed Additives Market Share Analysis
Phytogenic aquafeed additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to phytogenic aquafeed additives market.
The major players covered in the phytogenic aquafeed additives market report are Cargill, Incorporated., Delacon Biotechnik GmbH, BIOMIN Holding GmbH, Bluestar Adisseo Co., Ltd., Natural Remedies, IGUSOL S.A., NOR-FEED, Silvateam S.p.A., Pancosma, Phytobiotics Futterzusatzstoffe GmbH, DOSTOFARM GmbH, Synthite Industries Ltd., DuPont, Aker Biomarine, Calanus AS, Norel S.A, Alltech, Diana Group, Phileo by Lesaffre, Olmix Group among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.