This report provides exclusive insights into the COVID-19 impact on the Phytobiotics Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Phytobiotics Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Phytobiotics Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on phytobiotics market provides an in-depth analysis of segments and sub-segments in the global as well as regional phytobiotics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional phytobiotics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global phytobiotics market. According to the report, the global phytobiotics market is projected to grow at a CAGR of 6.5% over the forecast period of 2019-2025.
Feed probiotics are the bioactive compounds extracted from various plant sources. Plant roots, herbs, spices, tubers, and other sources are used to extract the probiotics. Phytobiotics can be included in a variety of applications. It helps to stimulate the secretion of the digestive enzyme and immune stimulation that improves animal health and reduces livestock diseases. Phytobiotics has good anti-bacterial, antiviral, and antioxidant properties. Increasing research activities in this field opening new possibilities for the application of probiotics.
Growing awareness about healthy food for animal health is one of the major factors contributing to the growth of the market. Growing animal husbandry sector to fulfill the demand for meat, fiber, milk, eggs, and other products all over the globe is contributing to the growth of the market. Furthermore, beneficial properties of probiotics such as anti-inflammatory, anti-microbial, antioxidant, and antiviral properties are aiding to the growth of the market. On the other hand, lack of knowledge about probiotics in low-income countries and developing countries can hamper the growth of the market. However, increasing awareness of animal health and rising concern for animal nutrition can provide a better opportunity for the market in the near future.
Based on the region, North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific dominates the market followed by North America. Growing population and rising demand for poultry food and meat products in developing regions are contributing to the growth of the market. The market in the U.S. dominates the North American feed probiotics market. Stringent regulation for food safety depletes the use of antibiotics and allopathic medicines in livestock that in turn is boosting the growth of the phytobiotics market in this region.
The report on global phytobiotics market covers segments such as source, function, and application. On the basis of source, the sub-markets include plant extract, spices, herbs, and other sources. On the basis of function, the sub-markets include anti-microbial, anti-oxidants, anti-inflammatory, anti-viral, and other functions. On the basis of application, the sub-markets include poultry, ruminants, swine, and other applications.
The report provides profiles of the companies in the market such as Alltech, Inc., Archer-Daniels-Midland Company, E.I. du Pont de Nemours and Company, Cargill Inc., Kemin Industries, Inc., BIOMIN Holding GmbH, AB Agri Ltd., Neovia, ForFarmers N.V., Phytobiotics Futterzusatzstoffe GmbH, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of phytobiotics market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.