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North America Feed Phytogenics Market Revenue to Surpass $130 Mn by 2026

Author : Ronak Bora | Published Date : 2021-08-30 

North America feed phytogenics market will cross valuation of more than $130 million by the year 2026, according to market experts. Phytogenics are natural growth promoters that are widely used in feed additives for animals. They are quite healthy because, being derived from natural sources like different spices and herbs. They help improve the overall performance of animals and even have a positive impact on their antimicrobial activity, which keeps deadly diseases at bay and boosts their immunity.

These North America feed phytogenics market are rich in antioxidants and increase the palatability of foods the animals consume. They improve their gut health which benefits their overall growth and development as well. There are different products available in the market like flavonoids, pungent substances, mucilages, bitter substances and saponins.

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Livestock production will witness spike in North America:

There has been a tremendous increase in the volume of livestock production in the recent years in North America. This will positively influence the demand for feed phytogenics in the region. In the U.S., nearly 6 million hogs and pigs were being bred in 2018 and this figure will continue to grow in the future as well, as the number of people consuming pork meat is predicted to go up.

This is one of the major reasons behind the spike in demand for animal feed phytogenics as more and more animal farmers are now focusing on the overall health and performance of their animals to produce high-quality meat for their consumers.

Essential oils will bolster North America feed phytogenics market potential:

Herbs & spices, oleoresins and essential oils are some of the natural feed products in North America feed phytogenics market. Out of these, essential oils will find increased demand among end-users during the forecast period of 2020-2026. This is because they are a suitable alternative to antibiotics and are an important part of an animal’s daily diet.

The main aim behind using essential oils in animal feeds is to completely get rid of the antibiotics and antimicrobial ingredients used in these foods as they are quite toxic in nature and can lead to various animal health issues. These oils are extensively used by animal farmers to increase the overall durability of their raw feeds. There has been a tremendous increase in the number of house pets, which will again raise the demand for essential oils in North America feed phytogenics market.

Poultry application drive feed phytogenics use in North America:

Equine, swine, poultry, ruminant and aquatic are some of the most popular types of livestock in North America consuming feed phytogenics. They consume feeds that improve their overall health and development. The poultry segment has grown at a rapid rate since the past few years because of the increased demand for chicken meat among the population.

It has prompted many poultry farmers to take better care of their chickens by providing them with nutritious feeds to improve the quality of their meat. The poultry sector in the U.S., for example, reached a whopping 46 billion pounds in terms of its chicken production value in 2018 alone, and this figure is expected to go even higher in the future, indicating the ever-increasing demand for feed phytogenics in poultry farms.

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There has been a sudden increase in awareness among animal farmers about the importance and benefits of taking proper care of their livestock by giving them a nutritious diet. This has led to an increasing number of livestock owners to buy nutrient-rich feeds to improve the overall quality of their meat. They are now aware about the harmful side-effects of using antibiotics on the health of their animals and want to switch to healthier and safer alternatives for the same. Some of the leading companies that are actively involved in the production of North America feed phytogenics market are PMI Nutrition, Nestle Purina PetCare Company, Pancosma, DSM and many others.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Market assumptions & forecast parameters

1.3    Appendix

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    North America feed phytogenics market summary, 2015 - 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Livestock trends

2.1.4    Country trends

Chapter 3   North America Feed Phytogenics Industry Insights

3.1    Industry segmentation

3.2    Industry outlook, 2015 - 2026

3.3    Value Chain

3.4    Regulatory overview

3.5    Market factor analysis

3.5.1    Growth drivers

3.5.2    Growth restraints

3.6    Competition review

3.7    Porter’s analysis

3.8    PESTEL analysis

3.9    Impact of COVID-19 on feed phytogenics demand by application

Complete Report is Available (Including Full TOC, List of Tables & Figures, Graphs, and Chart) @ https://www.graphicalresearch.com/table-of-content/1659/north-america-feed-phytogenics-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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