Feed Phytogenic Market Share, Industry Analysis, Leading Players, Rapid Growth And Forecast Report To 2025
Feed Phytogenic Market is valued at USD 730.70 Million in 2018 and expected to reach USD 1442.14 Million by 2025 with the CAGR of 10.2% over the forecast period.
Increasing demand for meat products, growing disposable income in developing countries, rising awareness about maintaining feed quality and animal health are some major impacting factors driving the growth of the global feed phytogenic market.
Feed phytogenic is referred as botanicals or phytobiotics. It is a group of natural growth promoters derived from essential oils, herbs & spices and plant extracts. It has many beneficial properties such as antifungal, antiviral and antimicrobial properties helps in enhancing palatability, promote growth, and improve gut function. A phytogenic feed additive (PFAs) contains natural, plant-based bioactive molecules and provides protective mechanism for poultry health depends largely on the plant. Feed phytogenics are also widely used as extracts or essential oils. Potential benefits provided by these products include increased feed intake, digestion stimulation, immunity support and muscle & bone development. Feed phytogenics are also used as an alternative to antibiotic growth promoters in the livestock production.
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Biomin to launch new phytogenic product
News: Oct 14, 2016, Biomin launched a new feed phytogenic product at VIV Asia. Company understands feed phytogenic additives market to be very fragmented and there is enough space for new products. Company called this product as a next generation of Digestaron for and includes utilization of new technology for which patent has been applied.
Feed Phytogenic Manufacturers:
Phytosynthese, DowDuPont, Vinayak Ingredients, Biomin GmbH, Igusol, Delacon Biotechnik GmbH, Natural Remedies Pvt. Ltd, Dostofarm GmbH, Indian Herbs Specialties, Natural Herbs & Formulations, Ayurvet Limited, Others
The regions covered in this feed phytogenic market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of feed phytogenic is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Feed Phytogenic Market Segmentation –
By Product: Essential Oils, Herbs & Spices, Oleoresins
By Application: Feed Intake and Digestibility, Flavoring and Aroma, Others
By Livestock: Poultry, Swine, Ruminant, Aquatic, Equine
Feed Phytogenic Market Dynamics –
Increasing demand for meat products, growing disposable income in developing countries, rising awareness about maintaining feed quality and animal health are some major impacting factors driving the growth of the global feed phytogenic market. In Addition, rising seafood consumption and increasing cases of bacterial infections to improve market demand in aquaculture industry. According to NCBI, the demand for meat in developing countries continues to grow as the production and consumption of meat increases with available income. Further, growing prevalence of diseases such as swine fever, mad cow disease, bird flu and listeriosis have increased concerns among farmers to use feed additives in animal which will boost feed phytogenics market in forcast period. According to report by Food and Agriculture Organization, Probiotics could be a potential alternative to antibiotic feed additives to manage the enteric pathogen load in poultry by reducing intestinal colonization and spread of common zoonotic and other enteric pathogens. However, lack of systematic evaluations as feed additive will hamper the development of feed phytogenic market. Moreover, growing concerns related to animal health, increasing awareness on benefits of essential oils in supplementing animal feed will create significant opportunities for the growth of feed phytogenic market during forecast period.
Feed Phytogenic Market Regional Analysis –
The Asia Pacific is expected to dominate the feed phytogenic market with the highest share in forecast period due to growing meat consumption in emerging countries like China and India, increasing demand for quality meat products and increasing awareness about the food safety and quality of the meat among consumers in the countries in this region. Further Increasing prevalence of bacterial & infections in animals is making industry players to manufacture specialized feed phytogenic products. According to AgInnovators study, Consumers in major urban centres are leading China’s growing demand for meat.
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