Phytogenic Feed Additives Market

Market Leaders - Phytogenic Feed Additives Market

The global phytogenic feed additives market size is estimated to be USD 753.1 million in 2020 and is projected to reach USD 1,098 million by 2025, at a CAGR of 7.8% during the forecast period. The market has a promising growth potential due to several factors, including the increasing awareness of plant-based animal feed products and strict government regulations regarding animal health.

The key players in this market include Cargill, Incorporated (US), Delacon Biotechnik GmbH (Austria), BIOMIN Holding GmbH (Austria), Bluestar Adisseo Co., Ltd. (China), DuPont (US), and Synthite Industries Ltd. (India). Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to strengthen their position in the market.

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Cargill Incorporated (US) held the majority of the global phytogenic feed additives market share in 2020. As livestock feed manufacturers seek sustainable and natural solutions to enhance animal performance and reduce and replace antibiotic growth promoters (AGP) in feed, Cargill offers feed additives and functional feeds. Through its animal nutrition business unit, Cargill offers feed additives, including phytogenics for many animals, such as swine, poultry, ruminants, and aquaculture.

The company’s strong global reach helps it to source ingredients and produce high-quality animal feed and feed additives at the best cost. Furthermore, in 2017, Cargill and Delacon formed a partnership to provide their customers with efficient feed phytogenic products. Being one of the leaders in animal nutrition, the company has a large consumer base for feed phytogenic products and is hence one of the global market leaders.

Delacon Biotechnik GmbH (Delacon) is one of the leading players in the feed phytogenics market. It develops and produces natural feed additives prepared from spices, herbs, and essential oils for poultry, ruminants, and swine. The company exports its products to more than 80 countries and has one production site. The major products of Delacon include BIOSTRONG 510, FRESTA, RUMEX, and ACTIFOR. FRESTA F and Biostrong 510 EC are the first and second phytogenic feed additives, respectively, to obtain an approval from the European Union (EU) for use as growth promoters (zootechnical additive) in Europe.

Bluestar Adisseo Co., Ltd. (Bluestar Adisseo) is one of the leading providers of animal nutrition solutions. It operates as a subsidiary of the Chinese Bluestar Group. The company provides feed additives to 3,500 customers located in 100 countries globally. Adisseo has nine in-house research centers and several external research contributors; it also has seven production sites based in France, Spain, and China. In February 2018, Bluestar Adisseo (France) acquired Nutriad, Inc. to strengthen its global product portfolio’s competitiveness. The company provides feed phytogenic products through its recently acquired subsidiary, Nutriad Inc. (Belgium). Nutriad is an important specialist in the development, manufacture, and marketing of animal and aquafeed additives worldwide. The company delivers products & services to over 80 countries worldwide through a network of own offices and distributors, supported by four application laboratories and five manufacturing facilities in the UK, Belgium, Spain, China, and the US.

Related Reports:

Phytogenic Feed Additives Market by Type (Essential Oils, Flavonoids, Saponins, and Oleoresins), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Herbs & Spices, Flowers, and Fruits & Vegetables), Region - Global Forecast to 2025

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Report Code
AGI 4368
RI Published ON
7/24/2020
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