The European feed phytogenic market is projected to grow at a CAGR of 10.3% during the forecast period. The growing trend of commercial livestock production creates demand for higher feed which in turn drives the market for feed phytogenics. These plant-based feed additives or botanicals are a natural alternative to antibiotic feed additives that are added to feed. Growing concern over animal health and propensity towards natural products drives the market for phytogenics. Italy comprises the largest organic farmland in the European Union. Thus, the availability of raw material helps in the reduction of production costs of phytogenic. On the other hand, organic consumption is concentrated in Austria, Germany, and France. 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.
Key Market Trends
Growing Inclination Towards Organic Products
Europe accounts for a significant amount of organic product consumption. According to the Research Institute of Organic Agriculture (FiBL), Europe is the second-largest organic consumer with a value of USD 37 billion in 2017, an 11% increase from the previous year. For example, organic egg consumption is 33 % in Denmark, 30 % in France, 22 % in Austria, and 21 % in Germany in 2017 and is projected to record a steady increase during the study period. Furthermore, organic retail sales in Europe accounted for USD 36.5 billion in 2016 which increased to USD 40.2 billion in 2017. Thus, the growing consumer preference towards organic products will drive the market for phytogenics as additives in feed.
Poultry Segment Dominates the Market
The shift towards increasing meat production and industrialization requires a high input of feed additives in animal feed, to enhance the efficiency of meat production. According to the Food and Agriculture Organization (FAO), in 2016 poultry bird population in Europe was 2412.7 million heads which increased to 2470.5 million heads in 2018. The growing poultry production requires higher feed which will indirectly drive the market for phytogenics as they provide gut protection and enhance the performance. In Nov 2018 companies such as Biomin launched Digestarom DC, with new combinations of plant-derived bioactive properties. In poultry birds, it aids in gut microbiota modulation and gut protection.
Competitive Landscape
The Europe feed photogenic market is highly fragmented with the presence of many small and medium-sized companies and a few international players competing in the global market. Some of the players in the market are Cargill, Incorporated, DuPont, Adisseo, Biomin GmbH, Delacon Biotechnik GmbH, Pancosma, 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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Key Market Trends
Growing Inclination Towards Organic Products
Europe accounts for a significant amount of organic product consumption. According to the Research Institute of Organic Agriculture (FiBL), Europe is the second-largest organic consumer with a value of USD 37 billion in 2017, an 11% increase from the previous year. For example, organic egg consumption is 33 % in Denmark, 30 % in France, 22 % in Austria, and 21 % in Germany in 2017 and is projected to record a steady increase during the study period. Furthermore, organic retail sales in Europe accounted for USD 36.5 billion in 2016 which increased to USD 40.2 billion in 2017. Thus, the growing consumer preference towards organic products will drive the market for phytogenics as additives in feed.
Poultry Segment Dominates the Market
The shift towards increasing meat production and industrialization requires a high input of feed additives in animal feed, to enhance the efficiency of meat production. According to the Food and Agriculture Organization (FAO), in 2016 poultry bird population in Europe was 2412.7 million heads which increased to 2470.5 million heads in 2018. The growing poultry production requires higher feed which will indirectly drive the market for phytogenics as they provide gut protection and enhance the performance. In Nov 2018 companies such as Biomin launched Digestarom DC, with new combinations of plant-derived bioactive properties. In poultry birds, it aids in gut microbiota modulation and gut protection.
Competitive Landscape
The Europe feed photogenic market is highly fragmented with the presence of many small and medium-sized companies and a few international players competing in the global market. Some of the players in the market are Cargill, Incorporated, DuPont, Adisseo, Biomin GmbH, Delacon Biotechnik GmbH, Pancosma, Phytosynthese, and others. The most adopted strategies of these companies have been strategic partnerships, extensive research and development investments, and mergers and acquisitions.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- Biomin GmbH
- Cargill, Incorporated
- Delacon Biotechnik GmbH
- Pancosma
- Phytobiotics Futterzusatzstoffe GmbH
- Phytosynthese
- Adisseo France SAS
- Dostofarm GmbH
- Natural Remedies
Methodology
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