North America Feed Phytogenics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Feed Phytogenics Market Analysis
The North America feed phytogenic market is projected to register a CAGR of 3.3% during the forecast period 2020-2025. Feed phytogenics are a group of natural growth promoters derived from essential oils, herbs and species and plant extracts. These additives help in increasing the feed intake, act as a stimulant to digestion, provide immunity and stimulate bone and muscle development. There has been an increase in high quality feed production due to the industrialization of meat production. Growing prevalence of diseases such as swine flu, mad cow disease, bird flu and listeriosis have increased the concern to use additives in animal feed to maintain the wellbeing of farm animals. This is acting as a driver to the phytogenics market.
North America Feed Phytogenics Market Trends
This section covers the major market trends shaping the North America Feed Phytogenics Market according to our research experts:
Increase in Industrialized Livestock Production
The livestock sector saw significant changes with an increased demand for meat products in the market. Livestock farmers are concerned with disease outbreaks like swine flu, bird flu and other mouth and foot infections. These disease outbreaks tend to reduce the quality and safety of meat consumed. Adding phytogenics to the feed help in improving the immunity of farm animals. The United States is the major exporter of meat to Mexico, Canada, South Korea, and Middle East countries according to the International Trade Centre in the year 2019. To maintain the quality of meat and the demand for meat in the country, addition of phytogenics is necessary. The market is driven by the growth potential of Canadian and Mexican regions. Increasing population and increasing disposable income among consumers is responsible for the greater demand for additives in Mexican market. Growing protein intake among health-conscious consumers has resulted in increased meat intake among consumers. Increasing investment by government towards agriculture to combat the growing demand for food is likely to boost the market.
Increased Organic Consumption
Antibiotics are used as growth promoters among livestock. These antibiotics are harmful for humans and environment. Phytogenics act as an alternative to antibiotics. The increasing demand for organic food products including meat among the population in North America is driving the phytogenics market. The enhanced living standards and awareness about health benefits from organic food products have fuelled the market. According to Organic Industry Survey by Organic Trade Association, United States organic market recorded a sale of USD 52.5 billion in 2018. Of this, organic food sales reached USD 47.9 billion in 2018. The change in consumer preferences, especially millennials, have expanded the organic market in United States. They tend to seek products with integrity. People have turned to organic diary and egg products as a trusted clean product free of antibiotics, synthetic hormones and chemical. As per Organic Trade Association, organic egg sales in United States grew by 9.3% in 2018. Hence the increased organic consumption in the region is anticipated to drive the feed phytogenics market during the forecast period.
North America Feed Phytogenics Industry Overview
The feed phytogenics market in North America is highly fragmented with the presence of small and medium players in the domestic segment and few international players competing in the global market. The major players in the market are Biomin, Delacon Biotechnik, Danisco, Pancosma SA, and Igusol. The companies have adopted strategies of mergers and acquisitions, extensive research and development investments and other partnerships to grow in the market. The launch of Digestarom DC in 2018 by Biomin to expand the phytogenic portfolio with new combinations of plant derived bioactive properties to enhance growth of livestock.
North America Feed Phytogenics Market Leaders
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Biomin
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Delacon Biotechnik
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Danisco
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Pancosma SA
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Igusol
*Disclaimer: Major Players sorted in no particular order
North America Feed Phytogenics Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Herbs
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5.1.2 Species
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5.1.3 Essential Oils
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5.1.4 Oleoresins
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5.1.5 Others
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5.2 Application
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5.2.1 Ruminant
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Aquaculture
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5.2.5 Others
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5.3 Geography
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5.3.1 United States
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5.3.2 Mexico
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5.3.3 Canada
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5.3.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Biomin
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6.3.2 Delacon Biotechnik
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6.3.3 PANCOSMA SA
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6.3.4 Nor-Feed Sud
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6.3.5 Bayir extract Pvt. Ltd
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6.3.6 Phytosynthse
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6.3.7 Phytobiotics
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6.3.8 Dostofarm
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6.3.9 Kemin
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6.3.10 Danisco
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6.3.11 Natural Remedies
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6.3.12 Igusol
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6.3.13 A&A Pharmachem Inc.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
North America Feed Phytogenics Industry Segmentation
The North America Feed Phytogenics Market is segmented by Type (Herbs, Species, Essential Oils, Oleoresins, and others), By Application (Ruminant, Poultry, Swine, Aquaculture, and others) and By Geography (United States, Canada, Mexico, and others).
| Type | |
| Herbs | |
| Species | |
| Essential Oils | |
| Oleoresins | |
| Others |
| Application | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Others |
| Geography | |
| United States | |
| Mexico | |
| Canada | |
| Rest of North America |
North America Feed Phytogenics Market Research FAQs
What is the current North America Feed Phytogenics Market size?
The North America Feed Phytogenics Market is projected to register a CAGR of 3.30% during the forecast period (2024-2029)
Who are the key players in North America Feed Phytogenics Market?
Biomin, Delacon Biotechnik, Danisco, Pancosma SA and Igusol are the major companies operating in the North America Feed Phytogenics Market.
What years does this North America Feed Phytogenics Market cover?
The report covers the North America Feed Phytogenics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Feed Phytogenics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Feed Phytogenics Industry Report
Statistics for the 2024 North America Feed Phytogenics market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. North America Feed Phytogenics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
