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South America Feed Phytogenics Market - Growth, Trends and Forecasts (2020 - 2025)

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  • 120 Pages
  • June 2020
  • Mordor Intelligence
  • ID: 5119159
The South America Feed Phytogenics Market is projected to register a CAGR of 3.8% during the forecast period. South America contributes a very small part in the feed phytogenic market, and the demand for healthy and quality meat outputs is driving the market towards growth. The increasing feed production is driving the feed phytogenics industry regionally, owing to the antibiotic-free nature and other health-induced benefits of phytogenics in animals. Brazil has the largest market share and other countries like Argentina are expected to grow at a faster rate during the forecast period.

Key Market Trends

Increasing Production of Animal Feed Driving the Market

The increasing production of feed is driving the feed phytogenic market, owing to the accelerated efficiency and performance and health-induced benefits of phytogenics in animals. The demand for an improved feed conversion ratio and antibiotic-free additives from a growing number of livestock producers are further inducing the need for the botany-based feed additives. According to the AllTech feed survey in the year 2019, South America has 3,715 feed mills with an annual production capacity of 102.2 million metric tons. The need for superior quality meat and dairy products from health enthusiasts and increasing popularity for natural ingredients in pet food are further leading producers to capture the untapped profits in the phytogenic industry. The regional requirement for high volumes of feed and feed additives has resulted in extensive scientific research in the area and is projected to drive the overall market for feed phytogenics in the coming years.

Growing Inclination Towards Meat and Animal Based Food

The demand for higher value and quality foods, such as meat, eggs, and milk, is increasing, compared to plant-originated foods, such as cereals, owing to the rising demand for greater food varieties and protein intake. These changes in consumption, together with sizeable population growth, have led to large increases in the total demand for animal products in the region. Furthermore, this trend is expected to continue in the coming years. Farmers face a lot of challenges in maintaining the animal’s health while keeping the cost of feed at an economical level. All these factors have resulted in gaining popularity of phytogenic feed additives in animal nutrition, as they are cost-effective solutions, which enhance animal performance. Essential oils are the major additives preferred by the consumers as they are benefiting the farmers in improving animal performance and profitable returns. They are preferred as they have resulted in better performance by improving the digestion, feed intake, and conversion ratio.

Competitive Landscape

The feed photogenic market is highly fragmented with the presence of many small and medium-sized companies and a few international players competing in the market. Some of the players in the market are Cargill, Incorporated, DuPont, Adisseo, Biomin GmbH, Delacon Biotechnik GmbH, Pancosma, Phytobiotics Futterzusatzstoffe GmbH, NOR-FEED, Phytosynthese, and others. The most adopted strategies of these companies have been strategic partnerships, extensive research and development investments, and mergers and acquisitions.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Ingredients
5.1.1 Herbs and Spices
5.1.2 Essential Oils
5.1.3 Others
5.2 Application
5.2.1 Feed Intake and Digestibility
5.2.2 Flavoring and Aroma
5.2.3 Others
5.3 Animal Type
5.3.1 Ruminant
5.3.2 Poultry
5.3.3 Swine
5.3.4 Aquaculture
5.3.5 Others
5.4 Geography
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of South America
6.1 Most Adopted Strategy
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill, Incorporated
6.3.2 Dupont
6.3.3 Adisseo France SAS
6.3.4 Biomin GmbH
6.3.5 Delacon Biotechnik GmbH
6.3.6 Pancosma
6.3.7 Kemin Industries Inc.
6.3.8 Natural Remedies

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Cargill, Incorporated
  • Dupont
  • Adisseo France SAS
  • Biomin GmbH
  • Delacon Biotechnik GmbH
  • Pancosma
  • Kemin Industries Inc.
  • Natural Remedies