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Feed Phytogenics Market in Europe: 9.72% Y-O-Y Growth Rate in 2022

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By Feedstock (poultry, swine, ruminants, aquatic animals, and others) and Application (essential oils, herbs and spices, oleoresins, and others)

NEW YORK, The Feed Phytogenics Market Share in Europe is expected to increase by USD 79.80 million from 2021 to 2026, at an accelerated CAGR of 10.05%, according to the recent market study by Technavio.

In-Scope:Poultry:

The feed phytogenics market share growth in Europe by the poultry segment will be significant during the forecast period. The significant increase in the consumption of poultry meat will drive the demand for poultry feed phytogenics products during the forecast period. To meet the rising demand for poultry meat, market vendors are increasing poultry production. For instance, in March 2019, DuPont de Nemours Inc. launched Syncra AVI, a feed supplement designed to maximize nutrient digestibility in poultry production in APAC.

Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Feed Phytogenics Market in Europe includes the following core components:

InputsInbound logisticsOperationsOutbound logisticsMarketing and salesSupport activitiesInnovation

Highlights-

Segmentation- The report extensively covers market segmentation by Feedstock (poultry, swine, ruminants, aquatic animals, and others) and Application (essential oils, herbs and spices, oleoresins, and others)Key Companies- Archer Daniels Midland Co., Bluestar Adisseo Co., Cargill Inc., Delacon Biotechnik GmbH, DOSTOFARM GmbH, DuPont de Nemours Inc., Koninklijke DSM NV, Natural Remedies Pvt. Ltd., Phytobiotics Futterzusatzstoffe GmbH, and Phytosynthese among othersDriver- Encapsulated technology to drive the market.Challenge- Availability of substitutes to hamper the market growth

Vendor Insights-

The feed phytogenics market in Europe is fragmented and the vendors are deploying growth strategies such as investment in research and development and mergers and acquisitions to compete in the market.
Archer Daniels Midland Co.- The company operates under Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition business segments. Moreover, the company also offers feed phytogenic products such as Empirical NSP.Cargill Inc.- The company offers feed phytogenic products such as PROMOTE additives.Delacon Biotechnik GmbH- The company develops and manufactures phytogenic feed additives for poultry, swine, ruminants and aqua. Moreover, the company also offers feed phytogenic products such as Biostrong 510.

Feed Phytogenics Market in Europe Driver:Encapsulated technology:

Due to their sensitivity to high temperatures, dusty inclination, substantial odor, and oxidative and volatile qualities, many phytogenic sources, particularly essential oils, lose efficacy and efficiency. New technologies, such as encapsulation, are assisting in extending the shelf life of phytogenics by retaining the liquid, gaseous, or solid component packed within a tiny millimetric capsule, preserving it from environmental changes. The food industry has shifted its focus to taste microencapsulation in order to concentrate flavours and prevent flavour loss during processing. Furthermore, encapsulation protects against extreme environmental variables and retains critical qualities such as increased palatability, enhanced digestion, and improved animal performance, which is expected to positively impact the market growth during the forecast period.

Feed Phytogenics Market in Europe Challenge:Availability of substitutes:

Probiotics, prebiotics, additives, and enzymes, for example, are all available as replacements on the market. Milk yield, growth, digestion, rumen fermentation, and overall health are some of the main factors on which direct-fed microbial (DFM) has a positive impact. The most commonly utilized DFM in animal feed are Lactobacillus, Bifidobacterium, Bacillus, Streptococcus, and Enterococcus. Furthermore, regional or local manufacturers also introduce low-quality items into the market to capitalize on the increased demand for phytogenic feed additives that can cause health problems in livestock. Hence, the availability of substitutes for feed phytogenic will restrict the growth of the market in focus during the forecast period.
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Feed Phytogenics Market in Europe Scope

Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 10.05%
Market growth 2022-2026
$ 79.80 million
Market structure
Fragmented
YoY growth (%)
9.72
Performing market contribution
Europe at 100%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Archer Daniels Midland Co., Bluestar Adisseo Co., Cargill Inc., Delacon Biotechnik GmbH, DOSTOFARM GmbH, DuPont de Nemours Inc., Koninklijke DSM NV, Natural Remedies Pvt. Ltd., Phytobiotics Futterzusatzstoffe GmbH, and Phytosynthese

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Table of Contents

Executive Summary
Market Landscape
Market ecosystemValue chain analysis
Market Sizing
Market definitionMarket segment analysisMarket size 2021Market outlook: Forecast for 2021 – 2026
Five Forces Analysis
Bargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket condition
Market Segmentation by Application
Market segmentsComparison by ApplicationEssential oils – Market size and forecast 2021-2026Herbs and spices – Market size and forecast 2021-2026Oleoresins – Market size and forecast 2021-2026Others – Market size and forecast 2021-2026Market opportunity by Application
Market Segmentation by Feedstock
Vendor Landscape
OverviewVendor landscapeLandscape disruption
Vendor Analysis
Vendors coveredMarket positioning of vendorsArcher Daniels Midland Co.Bluestar Adisseo Co.Cargill Inc.Delacon Biotechnik GmbHDOSTOFARM GmbHDuPont de Nemours Inc.Koninklijke DSM NVNatural Remedies Pvt. Ltd. Phytobiotics Futterzusatzstoffe GmbHPhytosynthese
Appendix
Scope of the reportCurrency conversion rates for US$Research methodologyList of abbreviations

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