Global Phytogenic Swine Feed Additives Market, By Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Others), Form (Dry, Liquid), Source (Herbs and Spices, Flowers, Fruits and Vegetables), Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The phytogenic swine feed additives market is expected to witness market growth at a rate of approximately 7.50% in the forecast period of 2021 to 2028 and is expected to reach USD 1,264.00 million by 2028. Data Bridge Market Research report on phytogenic swine feed additives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rising pork trade and concerns over meat safety is escalating the growth of phytogenic swine feed additives market.
Phytogenic swine feed is utilized on multiple life processes in swine that assist the livestock in fighting against disease outbreak and providing health growth. These forms of feed additives, also called botanicals refer to alternatives used in the place of antibiotic-free feed additives. These plant-derived natural growth promoters or non-antibiotic growth promoters are derived from fruits and vegetables, herbs and spices and flowers. Various types of phytogenic feed additives are available in the form of tannins, mucilage’s, pungent substances, essential oils, saponins, flavonoids, oleoresins and bitter substances are used for digestibility, flavoring and aroma among others.
The surge in the production of animal feed across the globe, efficiency and performance and rise in need for superior quality meat and dairy products from health enthusiasts are the major factors driving the phytogenic swine feed additives market. The increase in popularity of these swine feed additive because of their enhanced efficiency and performance and health-induced benefits of phytogenic in swine, high demand for natural ingredient based animal feed from the livestock producers and growing awareness among livestock rearers for animal nutrition value accelerate the phytogenic swine feed additives market growth. The high demand for enhanced feed conversion ratio and antibiotic-free additives from an increased number of livestock producers’ increasing the need for the botany-based feed additives, rise in prevalence of diseases in livestock and surging government funding in the feed industry influence the phytogenic swine feed additives market. Additionally, development of animal feed products, the rising importance of animal nutrition, and consumer preference towards healthy lifestyle positively affects the phytogenic swine feed additives market. Furthermore, research and development activities in animal feed sector, growing restriction on the use of antibiotics as a growth promoter, rise in trend of natural solutions for pet food nutrition and strategic growth initiatives to enter untapped market extend profitable opportunities to the phytogenic swine feed additives market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the active ingredients used in phytogenic feed additives international trade restrictions are expected to obstruct the phytogenic swine feed additives market growth. Lack of awareness about the usage of phytogenic in under-developed and developing countries and the shortage in labor are projected to challenge the phytogenic swine feed additives market in the forecast period of 2021 to 2028.
This phytogenic swine feed 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 localized 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 phytogenic swine feed additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Phytogenic Swine Feed Additives Market Scope and Market Size
The phytogenic swine feed additives market is segmented on the basis of type, form, source and function. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the phytogenic swine feed additives market is segmented into essential oils, flavonoids, saponins, oleoresins and others. Others are further segmented into mucilage, tannins, bitter substances and pungent substances,
- On the basis of form, the phytogenic swine feed additives market is segmented into dry and liquid.
- On the basis of source, the phytogenic swine feed additives market is segmented into herbs and spices, flowers and fruits and vegetables.
- On the basis of function, the phytogenic swine feed additives market is segmented into performance enhancers, antimicrobial properties, palatability enhancers and other. Others are further segmented into phytogenic feed additives with anti-inflammatory properties and better feed conversion.
Global Phytogenic Swine Feed Additives Market Country Level Analysis
The phytogenic swine feed additives market is analyzed and market size, volume information is provided by country, type, form, source and function as referenced above.
The countries covered in the global phytogenic swine feed additives market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the phytogenic swine feed additives market due to the presence of a large livestock population, increase in the number of feed mills and feed production and use of antibiotics by producers to artificially fatten livestock in the region. Europe is expected to witness the highest growth during the forecast period of 2021 to 2028 because of the ban on the use of antibiotics as a growth promoter and the stringent regulations imposed on synthetic feed additives.
The country section of the phytogenic swine feed 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.
Phytogenic Swine Feed Additives Market Share Analysis
The phytogenic swine feed 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 swine feed additives market.
The major players covered in the phytogenic swine feed additives market report are Bluestar Adisseo, DuPont, Synthite Industries Ltd., ABT International, British Horse Feeds, MIAVIT GmbH, Tolsa SA, Kemin Industries, Cargill, Incorporated, Delacon Biotechnik GmbH, BIOMIN Holding GmbH, Growell India, Phytobiotics Futterzusatzstoffe GmbH and Ayurvet Limited 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.
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