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The feed phytogenics market share in Europe is expected to increase by USD 79.80 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.05%.
This feed phytogenics market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the feed phytogenics market in Europe segmentation by feedstock (poultry, swine, ruminants, aquatic animals, and others) and application (essential oils, herbs and spices, oleoresins, and others). The Europe feed phytogenics market report also offers information on several market vendors, including 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 others.
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The encapsulated technology is notably driving the feed phytogenics market growth in Europe, although factors such as the availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the feed phytogenics industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Feed Phytogenics Market Driver in Europe
One of the key factors driving the feed phytogenics market growth in Europe is the 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.
Key Feed Phytogenics Market Trend in Europe
Another key factor driving the Europe feed phytogenics market growth is the increasing demand for natural feed additives for pets. Due to the increased efficiency and performance and the health-related benefits of phytogenics in animals, the feed phytogenics market in Europe is growing. Many companies are developing innovative feed products composed of naturally sourced substances, such as plants and microorganisms, in response to pet owners' concerns. Phytogenic feed additives for pet food are available from various firms, such as Silvateam S.p.A. (Italy). According to the Research Institute of Organic Agriculture, Europe is the second-largest organic consumer, with a value of USD 45.24 billion in 2020, an increase of 13% from the previous year. For example, in 2020, organic egg consumption was approximately 35% in Denmark and 30% in France. Hence, the pet food market is expected to grow during the forecast period.
Key Feed Phytogenics Market Challenge in Europe
One of the key challenges to the feed phytogenics market growth in Europe is the 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.
This feed phytogenics market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the feed phytogenics market in Europe as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the feed phytogenics market in Europe during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the Europe feed phytogenics market encompasses successful business strategies deployed by the key vendors. 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.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The feed phytogenics market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the feed phytogenics market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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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.
This report provides an accurate prediction of the contribution of all the segments to the growth of the feed phytogenics market size in Europe and actionable market insights on post COVID-19 impact on each segment.
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Feed Phytogenics Market Scope in Europe |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.05% |
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Market growth 2022-2026 |
USD 79.80 million |
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Market structure |
Fragmented |
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YoY growth (%) |
9.72 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key 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 |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Feedstock
Vendor Landscape
Vendor Analysis
Appendix
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