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<strong>Feed</strong> <strong>Phytobiotics</strong> <strong>Market</strong>: Global<br />
Industry Analysis, Future Growth,<br />
Business Prospects and Forecast to<br />
2023<br />
<strong>Market</strong> Overview<br />
<strong>Feed</strong> phytobiotics are plant-derived livestock feed formulation, which is added to improve the<br />
nutritional content of the feed. The feed phytobiotics helps in stimulation and secretion of<br />
digestive enzymes, which, in turn, stimulate an immune response. <strong>Feed</strong> phytobiotics holds a<br />
good anti-microbial, anti-bacterial, antiviral, and antioxidant properties, which are used to<br />
improve animal health and reduce the livestock diseases. These probiotics are commonly<br />
available in solid, dried, and ground forms.<br />
<strong>Feed</strong> phytobiotics are natural growth promoters, which provide additional nutrients and improve<br />
the quality of livestock feed. Increasing livestock diseases due to conventional antibiotics and<br />
allopathic medicine use has raised the concern of bacterial resistance which has feulled a<br />
demand for low cost, high quality and effective alternative in poultry feed additives, which is<br />
driving the market for feed phytobiotics. Moreover, increasing awareness of animal health and<br />
rising concern for animal nutrition is boosting the feed phytobiotics market.<br />
Governments are taking efforts to limit the use of antibiotics and allopathic medicines for poultry<br />
production to prevent consumers from the outbreak of livestock diseases has uplifted the growth<br />
of feed phytobiotics market. However, the high cost of processing and raw materials may<br />
hamper the feed phytobiotics market over the review period.<br />
The global feed phytobiotic market is expected to grow at a CAGR of 5.3% during the forecast<br />
period 2017-2023.<br />
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Major Key Players:<br />
The major players in the <strong>Feed</strong> <strong>Phytobiotics</strong> <strong>Market</strong><br />
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AB Agri Ltd. (U.K.)<br />
Archer-Daniels-Midland Company (U.S.)<br />
Alltech, Inc.(U.S.)<br />
BIOMIN Holding GmbH (Austria)<br />
Cargill Inc.(U.S.)<br />
E.I. du Pont de Nemours and Company (U.S.)<br />
ForFarmers N.V.(Netherlands)<br />
Kemin Industries, Inc.(U.S.)<br />
Neovia (France)<br />
<strong>Phytobiotics</strong> Futterzusatzstoffe GmbH (Germany)<br />
Downstream Analysis<br />
Based on the source, feed phytobiotics market is segmented into plant extract, spices, herbs,<br />
and others. Among all, the plant extract made feed is dominating the market followed by spices.<br />
Essential oils extracted from plants have good antimicrobial properties, which is commonly used<br />
in poultry and livestock feed application. The spices segment is growing rapidly owing to antiinflammatory<br />
properties, which is used for preparing livestock feed.<br />
<strong>Feed</strong> phytobiotics market is segmented on the basis of function such as anti-microbial, antioxidants,<br />
anti-inflammatory, anti-viral, and others. The anti-microbial segment is dominating the<br />
global feed phytobiotics market. However, its application in anti-inflammatory properties is<br />
expected to witness high growth over the forecast period.<br />
On the basis of application, the feed phytobiotics are segmented into poultry, ruminants, swine,<br />
and others. Among all, poultry is dominating the market based on increased consumption of<br />
meat and meat products globally. However, ruminants segment is projected to witness a steady<br />
growth over the forecast period owing to growing poultry industry.<br />
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Regional Analysis<br />
The global feed phytobiotics market is segmented into North America, Europe, Asia Pacific, and<br />
rest of the world (RoW). Asia Pacific is dominating the feed phytobiotics market followed by<br />
North America owing to rising population followed by increasing consumption of poultry and<br />
meat products in developing regions. Moreover, China is the major exporter of poultry and meat,<br />
which, in turn, drives the market of feed phytobiotics in Asia Pacific.<br />
The U.S. dominates the North American feed phytobiotics market owing to the government<br />
regulations imposed on the use of antibiotics and allopathic medicines in livestock.<br />
Moreover, rising demand for poultry products in countries like the U.K. and France in the<br />
European region likely to boost the feed phytobiotics market over the forecast period.<br />
<strong>Market</strong> Segmentation<br />
<strong>Feed</strong> phytobiotics market is segmented on the basis of source, function, application, and region.<br />
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