DUBLIN, September 21, 2017 /PRNewswire/ --
The "Global Feed Phytogenics Market - By Type, Livestock,Functions, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.
The feed phytogenics market was 546.09 million USD in 2016 and is projected to reach a value of USD 824.13 Million by 2022, at a CAGR of 7.1% for the forecasted period.
Phytogenic feed Ingredients such as essential oils, oleoresins, and herbs & species are utilized in animal food. These additives enhance nutrition to livestock such as swine, cattle & broiler which are mainly used for meat intake as a source of protein. These products are also known to have antiviral, antifungal, and antimicrobial characteristics.
Europe is forecasted fastest growing market followed by North America. The determined push from EU for alternatives to antibiotics has led to increased consumption of Phytogenics in Europe. The market for phytogenic feed additives is expected to grow gradually as more number of compound feed manufacturers are moving towards value addition of the products offered to stay ahead of competition. Ban on antibiotic growth promoters in the developed world due to growing health concerns is likely to drive the demand of the global Feed Phytogenics market.
The demand for meat has stimulated due to the incessant rise in population, lifestyle changes, and cultural trends. The increasing meat demand has led to increased utilization of compound feeds and feed additives. The growth in organic meat sector has witnessed tremendous growth in the last five years.
This growth has created tremendous opportunity and demand for alternative feed additives such as phytogenics. Implementation of new technologies, such as encapsulation of active ingredients, is considered to further improve the efficacy of phytogenic feed additives. The major restraints of the feed phytogenics market include increase in cost of feed ingredients and complex composition of feed phytogenics. This market is moderately competitive and less concentrated due to the presence of a few number of large- and small-scale firms
Expansions, new product developments, and acquisitions are the key strategies adopted by market players to ensure their growth in the market. Essential Oils feed market is the major segment with gradual increase in consumption rate in European regions. Poultry segment is the largest consumer of feed additives market followed by swine and cattle. The demand for phytogenics for calves is expected to be highest during the forecast period as a result of attaining the target by protecting them from scours, diarrhea and other gastrointestinal imbalances.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
- Industry Value Chain Analysis
- Porter's 5 Forces
4. Market Dynamics
5. Global Feed Phytogenics Market Segmentation, Forecasts and Trends
6. By Type
- Essential oils
- Herbs & spices
- Others (mucilage and echinacea)
7. By Livestock
- Others (dogs, cats, and other pet animals)
8. By Functions
- Performance enhancers
- Palatability enhancers
- Others (preventative health maintainers, antioxidants, and greenhouse gas emission mitigators)
9. By Region
- North America
- Latin America
10. Vendor Market Share Analysis
11. Company Profiles
- Dostofarm GmbH
- Cargill, Incorporated
- Phytobiotics Futterzusatzstoffe GmbH
- Biomin Holding GmbH
- Pancosma SA
- E. I. Du Pont De Nemours and Company
- Delacon Biotechnik GmbH
- A&A Pharmachem Inc.
- Kemin Industries, Inc.
12. Industry Structure
- Industry M&As, Consolidations
- Investment Opportunities
- Global Feed Phytogenics Market - Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/dhjxcc/global_feed
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