Market Size of Asia Pacific Feed Phytogenics Industry
| 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 |
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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 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 |
Asia Pacific Feed Phytogenics Market Size Summary
The Asia-Pacific feed phytogenics market is experiencing robust growth, driven by the increasing demand for animal products and the need for sustainable and natural feed additives. This region, particularly countries like Vietnam, Indonesia, and India, is witnessing a surge in the adoption of phytogenics due to their potential to enhance animal health and productivity without the use of antibiotics. The market is characterized by a shift towards natural ingredients in animal feed, which is being propelled by the rising awareness of the benefits of phytogenics and the growing demand for high-quality meat and dairy products. The poultry sector, in particular, is a major consumer of these feed additives, as they contribute to the proliferation of beneficial bacteria and improve the overall health of the animals.
The market landscape is highly fragmented, with numerous small and medium-sized enterprises alongside a few international players such as Cargill, DuPont, and Adisseo. These companies are actively engaging in strategic partnerships, research and development, and mergers and acquisitions to strengthen their market position. The regulatory environment in the region is also favoring the growth of phytogenics, as countries like Vietnam and Indonesia have implemented bans on antibiotic growth promoters, encouraging the use of plant-based alternatives. This trend is further supported by initiatives in India to reduce antibiotic use in livestock, thereby boosting the demand for natural feed additives. Overall, the Asia-Pacific feed phytogenics market is poised for significant expansion, driven by both consumer demand and regulatory support for natural and sustainable animal feed solutions.
Asia Pacific Feed Phytogenics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Ingredients
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2.1.1 Herbs and Spices
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2.1.2 Essential Oils
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2.1.3 Others
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2.2 Application
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2.2.1 Feed Intake and Digestibility
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2.2.2 Flavoring and Aroma
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2.2.3 Others (Stress Reduction, Energy Effectiveness, etc.)
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2.3 Animal Type
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2.3.1 Ruminant
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2.3.2 Poultry
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2.3.3 Swine
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2.3.4 Aquaculture
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2.3.5 Others
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2.4 Geography
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2.4.1 China
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2.4.2 India
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2.4.3 Japan
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2.4.4 Australia
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2.4.5 Rest of Asia Pacific
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Asia Pacific Feed Phytogenics Market Size 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.
