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South America Feed Phytogenics Market - Growth, Trends and Forecasts (2017 - 2022)

South America contributes a very small part in the global feed phytogenic market, the demand for healthy and quality meat outputs is driving the market. Brazil has the largest market share and other regions like Argentina are expected to grow at a faster rate. However, the overall South American feed phytogenic market is estimated to grow at a CARG of   3.8% during the forecasted period (2017 - 2022) and expected to cross $68.4 Million by 2020. Due to limited sources of grains availability in Brazil and Argentina, consumption of by products or feed additives is attracting the farmers. Farmers face a lot of challenge in maintaining the animal’s health while keeping the cost of feed at economical level. All these factors has resulted in gaining popularity of phytogenic feed additives in animal nutrition, as they are cost effective solutions, which enhance the animal performance. They act as anti-oxidant, digestive stimulant, immune booster and anti-microbial activity. Encapsulating all these together helps the farmers to overcome the financial burden along with enhanced animal performance.     Esential oils are the major additives preffered by the consumers as they are benefiting the farmers in improving the animal performance and profitable returns. Poultry and swine are the major consumers of the phytogenics, they account for around 40% of the market share. They are preferred as they have resulted in better performance by improving the digestion, feed intake and conversion ratio. Biomin, Kemin, Delacon are a few major players contributing a significant share to Feed phytogenic market. The strategies employed by these companies are acquisitions and mergers in order to increase their market share and promote the growth of these products. Also huge amounts are being spent on R&D focusing on new and innovative products using latest available technology. Study Deliverables: Market Definition for the specified topic along with identification of key drivers and restraints for the market Analysis for the South America Feed Phytogenics Market, with region specific assessments and competition analysis on a regional scale Segment-level analysis in terms of application and end-user demand Forecasts and estimations for the sub-segment level market Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a global and regional scale Identification and analysis of the exogenous and endogenous factors such as macro and microeconomic variables that affect the South America Feed Phytogenics Market on both global and regional scale Extensively researched competitive landscape section with profiles of key players along with their share of markets A comprehensive analysis of recent organic and inorganic developments in the market by the major companies, and strategic benchmarking of developments Scope of the Study: Comprehensive overview of the Feed Phytogenics Market Competitive intelligence regarding the major players in this industry and the strategies adopted by them Insights about the major countries/regions in which this industry is blooming and also identifies the regions which are untapped

Published By: Mordor Intelligence
Published Date: Q2 2016

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