Feed Phytogenic Market to Reach USD 1442.14 Million | Global Industry Research on Growth, Trends and Opportunity 2020-2025
Pune, Maharashtra, India, August 17 2020 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –: A recent report on Feed Phytogenic Market provides a detailed analysis of the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
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.
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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.
Feed phytogenic market report is segmented on the basis of product, application, livestock and by regional & country level. Based upon product, Feed Phytogenic market is classified into essential oils, herbs & spices and oleoresins. Based upon application, feed phytogenic market is classified into feed intake and digestibility, flavoring and aroma and others (stress reduction, energy effectiveness, etc.). Based upon livestock, feed phytogenic market is classified into poultry, swine, ruminant, aquatic and equine.
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 Manufacturers :
Delacon Biotechnik GmbH
Natural Remedies Pvt. Ltd
Indian Herbs Specialties
Natural Herbs & Formulations
AVT Natural Products
Phytobiotics Futterzusatzstoffe GmbH
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 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.
North America is expected to second dominating region for feed phytogenic market in forecast period due to growing meat consumption. According to report by North American Meat Institute, the largest segment of U.S. agriculture is the meat and poultry industry. U.S. meat production totaled 52 billion pounds in 2017 and U.S. poultry production totaled 48 billion pounds in 2017. According to National Health and Nutrition Examination Survey, American men on average eat 4.8 ounces of meat per day and women eat 3.13 ounces of meat per day.
Key Benefits for Feed Phytogenic Market Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
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
Table of Content
1 Study Coverage
1.1 Feed Phytogenic Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Feed Phytogenic Market Size
2.2 Feed Phytogenic Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Feed Phytogenic Markets & Products
3 Market Size by Manufacturers
3.1 Feed Phytogenic Production by Manufacturers
3.2 Feed Phytogenic Revenue by Manufacturers
3.3 Feed Phytogenic Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Feed Phytogenic Production by Regions
4.1 Global Feed Phytogenic Production by Regions
4.2 North America
5 Feed Phytogenic Consumption by Regions
5.1 Global Feed Phytogenic Consumption by Regions
5.2 North America
5.4 Asia Pacific
5.5 Central & South America
Full Research Report @ https://industrystatsreport.com/Agriculture/Feed-Phytogenic-Market-Size/Summary
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