APAC Feed Phytogenics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Feed Phytogenics Market Analysis
The Asia pacific feed phytogenics market is projected to register a CAGR of 7.5% during the forecast period 2020-2025. Modern animal productivity has decreased and is facing several problems in developing regions like Asia-Pacific. The increasing demand for animal products and volatile prices for the raw materials required for the implementation of optimum production conditions is driving the need for Phytogenics. Feed additives, especially Phytogenics, due to naturally derived, have gained a considerable attention in the feed industry. Asia-Pacific is the fastest-growing market for feed phytogenics with Vietnam, Indonesia, and India majorly contributing to the demand in the region.
APAC Feed Phytogenics Market Trends
This section covers the major market trends shaping the APAC Feed Phytogenics Market according to our research experts:
Increased Compound Feed Production
Asia-Pacific is becoming an attractive market for phytogenic feed manufacturers. As increased intake of animal protein and growing awareness of natural feed additives. The demand for safe human food and mass production of meat has received considerable attention to the importance of feed additives. The dietary insertion of these additives has a positive effect on the animal health, as they are mixed with other feed additives with nutritional value that help in proliferation of indigenous lactic acid bacteria. The rising demand for animal products such as meat and eggs and environmental concerns over animal waste pollution are some of the major factors indicating a positive outlook for the feed phytogenics. Poultry is the major consumer of feed phytogenics. 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.
Increased Industrial Livestock Production
As per the Food and Agriculture Organization, the volume of meat production in Asia has significantly increased over the years accounting for 143.6 million tonnes in the year 2018 up from 139.4 million tonnes in 2016 denoting an ever-increasing demand for meat products in the region. Hence the farmers focus more on the production of quality meat for the customers. The replacement strategy for antibiotic growth promoters and the absence of harmful residues in plant-based additives are majorly driving the demand for feed phytogenics in the Asia-Pacific belt. Vietnam, and Indonesia, among the top feed producing countries in the region, passed respective decrees prohibiting the use of antibiotics for animal growth promotion in early 2017. The use of antibiotics by producers to artificially fatten livestock is also facing a recommendation for a ban in India from the National Antimicrobial Resistance Action Plan committee, thereby fuelling the growth for natural additives like phytogenics in the Indian market.
APAC Feed Phytogenics Industry Overview
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.
APAC Feed Phytogenics Market Leaders
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Cargill Inc.
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Dupont
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Adisseo
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Biomin
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Kemin
*Disclaimer: Major Players sorted in no particular order
APAC Feed Phytogenics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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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. MARKET SEGMENTATION
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5.1 Ingredients
- 5.1.1 Herbs and Spices
- 5.1.2 Essential Oils
- 5.1.3 Others
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5.2 Application
- 5.2.1 Feed Intake and Digestibility
- 5.2.2 Flavoring and Aroma
- 5.2.3 Others (Stress Reduction, Energy Effectiveness, etc.)
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5.3 Animal Type
- 5.3.1 Ruminant
- 5.3.2 Poultry
- 5.3.3 Swine
- 5.3.4 Aquaculture
- 5.3.5 Others
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5.4 Geography
- 5.4.1 China
- 5.4.2 India
- 5.4.3 Japan
- 5.4.4 Australia
- 5.4.5 Rest of Asia Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategy
- 6.2 Market Share Analysis
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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 Pancosma
- 6.3.6 Kemin Industries Inc.
- 6.3.7 Natural Remedies
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
** Subject To AvailablityAPAC Feed Phytogenics Industry Segmentation
Feed phytogenics exert positive influences on multiple life-processes in animals, thereby helping fight against disease outbreaks and facilitating healthy growth throughout. These plant-based feed additives or botanicals are a natural alternative to antibiotic-free feed additives. is segmented by Ingredients ( Herbs and Species, Essential Oils, and Others), by Application (Feed Intake and Digestibility, Flavoring and Aroma, and Others) and by Animal type (Ruminant, Poultry, Swine, and Others) in the countries like Vietnam, China, India, Japan, Australia, Thailand and Rest of Asia pacific.
| Ingredients | Herbs and Spices |
| Essential Oils | |
| Others | |
| Application | Feed Intake and Digestibility |
| Flavoring and Aroma | |
| Others (Stress Reduction, Energy Effectiveness, etc.) | |
| Animal Type | Ruminant |
| Poultry | |
| Swine | |
| Aquaculture | |
| Others | |
| Geography | China |
| India | |
| Japan | |
| Australia | |
| Rest of Asia Pacific |
APAC Feed Phytogenics Market Research FAQs
What is the current Asia Pacific Feed Phytogenics Market size?
The Asia Pacific Feed Phytogenics Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Feed Phytogenics Market?
Cargill Inc., Dupont, Adisseo, Biomin and Kemin are the major companies operating in the Asia Pacific Feed Phytogenics Market.
What years does this Asia Pacific Feed Phytogenics Market cover?
The report covers the Asia Pacific Feed Phytogenics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Feed Phytogenics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Feed Phytogenics Industry Report
Statistics for the 2024 Asia Pacific Feed Phytogenics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific 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.
