NEW YORK, February 19, 2022 /PRNewswire/ — The Market share of food plant genetics in Europe should increase by $79.80 million from 2021 to 2026, at an accelerated CAGR of 10.05%, according to recent Technavio market research.
Segmentation by Commodity (In-Scope/Out-of-Scope)
Phytogenic Foods Market Share Growth in Europe by the poultry segment will be significant during the forecast period. The significant increase in the consumption of poultry meat will drive the demand for phytogenic products for poultry feed during the forecast period. To meet the growing demand for poultry meat, market vendors are increasing poultry production. For example, in March 2019DuPont de Nemours Inc. has launched Syncra AVI, a feed supplement designed to maximize nutrient digestibility in poultry production in APAC.
- Offscreen :
- Aquatic animals
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Additionally, the report also provides Value chain analysis which helps businesses gain a competitive advantage in the marketplace. the Food Plant Genetics Market Value Chain in Europe includes the following basic components:
- Inbound logistics
- External logistics
- Marketing and Sales
- Support activities
- Segmentation- The report covers in detail market segmentation by raw material (poultry, pigs, ruminants, aquatic animals and others) and application (essential oils, herbs and spices, oleoresins and others)
- Key Companies- Archer Daniels Midland Co., Bluestar Adisseo Co., Cargill Inc., Delacon Biotechnik GmbH, DOSTOFARM GmbH, DuPont de Nemours Inc., Koninklijke DSM NV, Natural Remedies Pvt. Ltd., Phytobiotics Futterzusatzstoffe GmbH and Phytosynthese among others
- Driver- Encapsulated technology to drive the market.
- Challenge– Availability of substitutes to hinder market growth
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Overview of Suppliers-
The food plant genetics market in Europe is fragmented and vendors are deploying growth strategies such as investment in research and development and mergers and acquisitions to compete in the market.
- Archer Daniels Midland Co.- The Company operates in Agriculture and Oilseed Services, Carbohydrate Solutions and Nutrition business segments. Additionally, the company also offers phytogenic animal feed products such as Empirical NSP.
- Cargill Inc.- The company offers phytogenic food products such as PROMOTE additives.
- Delacon Biotechnik GmbH – The company develops and manufactures phytogenic feed additives for poultry, pigs, ruminants and aqua. Additionally, the company also offers phytogenic food products such as Biostrong 510.
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Learn more about key driver and market challenge-
- Market Driver for Food Plant Genetics in Europe:
Due to their sensitivity to high temperatures, dustiness, strong odor, and oxidative and volatile qualities, many phytogenic sources, especially essential oils, lose their effectiveness and efficiency. New technologies, such as encapsulation, help extend the shelf life of phytogenics by retaining the liquid, gaseous or solid component packaged in a tiny millimeter capsule, preserving it from environmental changes. The food industry has turned to flavor microencapsulation to concentrate flavors and prevent flavor loss during processing. Furthermore, encapsulation protects against extreme environmental variables and retains essential qualities such as increased palatability, improved digestion, and enhanced animal performance, which is expected to positively impact the market growth during the period. forecast.
- Challenge of the food plant genetics market in Europe:
- Availability of substitutes:
Probiotics, prebiotics, additives and enzymes, for example, are all available as replacements on the market. Milk production, growth, digestion, rumen fermentation and general health are some of the main factors that Directly Fed Microbes (DFM) have a positive impact on. The most common DFMs used in animal feed are Lactobacillus, Bifidobacterium, Bacillus, Streptococcus and Enterococcus. In addition, regional or local manufacturers are also introducing poor quality items into the market to take advantage of the increased demand for phytogenic feed additives that can cause health problems in livestock. Therefore, the availability of substitutes for phytogenic foods will limit the growth of the targeted market over the forecast period.
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Scope of the Food Plant Genetics Market in Europe
Growth momentum and CAGR
Accelerate at a CAGR of 10.05%
Market Growth 2022-2026
Annual growth (%)
Successful market contribution
Leading companies, competitive strategies, scope of consumer engagement
Archer Daniels Midland Co., Bluestar Adisseo Co., Cargill Inc., Delacon Biotechnik GmbH, DOSTOFARM GmbH, DuPont de Nemours Inc., Koninklijke DSM NV, Natural Remedies Pvt. Ltd., Phytobiotics Futterzusatzstoffe GmbH and Phytosynthese
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period
If our report does not include the data you are looking for, you can contact our analysts and customize the segments.
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: forecast for 2021 – 2026
Five forces analysis
- The bargaining power of buyers
- Bargaining power of suppliers
- The threat of new entrants
- The threat of substitutes
- Threat of rivalry
- Market state
Market segmentation by application
- Market segments
- Comparison by application
- Essential oils – Market size and forecast 2021-2026
- Herbs and spices – Market size and forecast 2021-2026
- Oleoresins – Market size and forecast 2021-2026
- Others – Market size and forecast 2021-2026
- Market Opportunity by Application
Market segmentation by raw material
- Market segments
- Comparison by raw material
- Poultry – Market size and forecast 2021-2026
- Pork – Market size and forecast 2021-2026
- Ruminants – Market size and forecast 2021-2026
- Aquatic Animals – Market size and forecast 2021-2026
- Others – Market size and forecast 2021-2026
- Market Opportunity by Feedstock
- Market factors
- Market challenges
- Market trends
- Supplier Landscape
- Landscape disturbance
- Suppliers Covered
- Positioning on the supplier market
- Archer Daniels Midland Co.
- Bluestar Adisseo Co.
- Cargil Inc.
- Delacon Biotechnik GmbH
- DOSTOFARM GmbH
- DuPont de Nemours Inc.
- Koninklijke DSM AG
- Natural Remedies Pvt. ltd.
- Phytobiotics Futterzusatzstoffe GmbH
- Report scope
- Currency conversion rates for the US dollar
- Research methodology
- Abreviations list
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