Calf - The Fastest Growing Segment with a CAGR of 7.8% in Europe Feed Phytogenics Market

As per the syndicated report published by Market Data Forecast Europe Feed Phytogenics Market which is estimated to be USD 0.14 billion in 2016 is poised to reach USD 0.19 billion by 2021, at a CAGR of 6.29% from 2016 to 2021.

It can attributed to the factors such as high demand for nutritious feed and viable animal nutrition products, environmental concerns over animal waste pollution, rising intake of meat, and management of feed operating cost. However, lack of efficiency of these compounds due to their intricate nature combined with the unlikeable taste or odour of particular substances may hinder demand and affect the market price movement. Particular compounds such as essential oils are unstable in nature which can cause quick evaporation and causing disparity in final concentration of feed products.

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To give a brief idea phytogenics are a set of natural growth promoters (NGPs) utilized as feed additives, obtained from herbs, spices or other plants. They are generally viewed as favourable substitutes to antibiotic growth promoters (AGPs) in livestock production. Essential oils signify a concentrated form of phytogenics, comprising of mainly the active ingredients of the plants. Progress in the animal feed industry has resulted in the feed phytogenics market growing at a substantial rate.

Essential oils lead the Feed Phytogenics market and are also projected to grow at the highest CAGR during the forecast period. This is due to the extensive range of health benefits provided such as gut health support, antibiotic cutback, and healthy ingestion in poultry. Poultry leads the market accounting for more than 35% of the market share. However, calf is projected to be the fastest growing segment with a CAGR of 7.8%, as they protect them from scours, diarrhoea and other gastrointestinal discrepancies

Europe Feed Phytogenics Market is segmented based on Ingredients, Animal Type, and Application as mentioned below for attaining a more granular perspective of the market. In the report, each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.

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By Ingredients:
• Essential oils
• Oleoresins
• Herbs and Species
• Others

By Animal Type:

• Poultry
• Aquaculture
• Swine
• Ruminant
• Others

By Application:

• Flavouring and Aroma
• Organic Trace minerals
• Anti-Parasitic
• Feed Intake and Digestibility
• Others

The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe is the main market for feed phytogenics in terms of intake. The prospects of the market in Europe are very bright because several governments are gradually turning their attention towards feed cost reduction and enhancement of animal productivity. Spain, U.K and France are the key markets accounting for around 55% of the market share. The feed phytogenic market in Russia is in a growing stage and the intake of feed is projected to grow at a strong rate during the forecast period. Normalization and regulatory initiatives from the EU are also influencing the growth in the eastern and central parts of Europe.
The major players in the market are fixated on broadening their distribution networks to cater to the wider market. The major companies dominating the Feed Phytogenics market in this region are Cargill Inc., DuPont, Biomin, Pancosma SA, and Delacon Biotechnik.

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The Europe Feed Phytogenics Market study offers the following deliverables:
• Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
• Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
• Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porter’s Five Forces Analyses
• Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Checkout other related studies in the Europe animal feed Market:

Europe Animal Feed Micronutrients Market: http://www.marketdataforecast.com/market-reports/europe-animal-feed-micronutrients-market-1908/
Europe Aquafeed Market: http://www.marketdataforecast.com/market-reports/europe-aquafeed-market-659/
Europe Compound Feed Market: http://www.marketdataforecast.com/market-reports/europe-compound-feed-market-354/
Europe Feed Additives Market: http://www.marketdataforecast.com/market-reports/europe-feed-additives-market-318/

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