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Feed Phytogenics Market Analysis, Emerging Trends, Industry Outlook and Forecast Report by 2024

Author : Rahul Sankrityayan | Published Date : 2019-05-23 

An analysis of Feed Phytogenics Market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

Significant product benefits related to livestock health such as increased feed intake, digestion stimulation, growth performance, reduced diarrhea prevalence along with improvement in reproductive system may accelerate feed phytogenics market growth. Growing prevalence of diseases such as Porcine Epidemic Diarrhea (PEDv), Bovine Spongiform Encephalopathy (BSE), and bird flu has led to increased concerns among farmers to use additives in animal feed including phytogenic ingredients.

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Increasing per-capita meat consumption coupled with rising middle-class disposable income, particularly in China, India, South Korea, and Brazil, is likely to drive demand for livestock production thereby boosting feed phytogenics market. These countries have witnessed a rise in per capita income and an improving lifestyle which has led to high demand for superior quality meat. Increasing per capita income of India and China coupled with the improving lifestyle has led to high demand for superior quality meat.

Increasing awareness of adverse health effects of antibiotics residue in animals has led to the ban of antibiotic growth promoters (AGP) in several countries such as the U.S., Germany and France. These antibiotics may result in the development of drug-resistant microbial strains which may cause diseases such as aplastic anemia and typhoid in humans. The ban has resulted in increased need for alternate feed additive to help maintain the health of livestock animals which is likely to stimulate feed phytogenics market growth.

Essential oils feed phytogenics market surpassed USD 300 million in 2017 on account of its ability to reduce rumen ammonia production and increase protein. These products can limit the growth of pathogenic bacteria in the gut leading to better absorption of nutrients. Moreover, they contain various active components such as thymol, eugenol and allicin which are active participants in enhancing the performance of animals by boosting immunity and may boost feed phytogenics market growth.

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U.S. herbs & spices feed phytogenics market may exhibit gains of over 2.5% in the forecast period. These products help stimulate appetite & digestion, sustain optimal health and ensure animal welfare by enabling performance enhancement. Many spices and herbs have been proven to enhance pancreatic enzyme generation and bile emission in the intestine particularly in pig production. Extracts of herbs and spices exert clear antibacterial activity against food-borne pathogens and are incorporated in the poultry feed as growth promoters such as prebiotics & probiotics which may boost phytogenics feed additive industry growth.

Feed Phytogenics Market, By Product

  • Essential Oils
  • Herbs & Spices
  • Oleoresins
  • Others

Feed Phytogenics Market, By Livestock

  • Poultry
  • Swine
  • Ruminant
  • Aquatic
  • Equine
  • Others

Germany feed phytogenics market from swine application may expect gains at over 3% in the predicted timeframe. They play a key role during piglet weaning along with ensuring maximization of milk yield along with sustaining optimal body health. The market is driven by factors such as ban of in-feed antibiotics by EU, increasing importance for animal health, especially from meat industry and rising animal health awareness, which may boost product demand.

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China feed phytogenics market demand from poultry is poised to surpass USD 50 million up to 2024. Rising government initiatives ensures the collaboration of prominent international livestock financers & producers to form joint ventures, thus facilitating large scale meat production and accelerating industry growth. Rising disposable income has resulted in rising government focus regarding meat quality.

Synthite Industries, DuPont Danisco, Doterra, Delacon Biotechnik, Biolandes and Igusol are some of the prominent industry participants in the phytogenic feed additives market. Manufacturers are engaging in strategic arrangements to enlarge their supply network, acquire companies, and promote market growth.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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