Feed Phytogenics Market to hit $845 Million by 2026, Says Global Market Insights, Inc.

Feed Phytogenics Market to hit $845 Million by 2026, Says Global Market Insights, Inc.

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SELBYVILLE, Delaware, March 11, 2020

SELBYVILLE, Delaware, March 11, 2020 /PRNewswire/ -- Global feed phytogenics market revenue is anticipated to cross USD 845 million by 2026, according to a new research report by Global Market Insights, Inc. Rising meat and dairy industry coupled with changing consumer perceptions towards nutrition is likely to augment the global industry demand.

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Phytogenic feed additives comprise a wide range of plants, like herbs and spices and plant derived products like essential oils and oleoresins. They are widely used to supplement animal diets as it aids in boosting the metabolic rate & strengthens immune system against water and air borne contaminants. Additionally, industry players are rapidly innovative their product line by offering customized solutions mixed with herbs, essential oils, and flower extracts which is likely to boost the market growth.

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Increasing per capita income coupled with improved lifestyle and inclination to opt for superior quality meat products is likely to boost market demand. In addition, an increasing awareness about livestock diseases has led to the adoption of better animal nutrition practices, which is expected to play a major role in driving global phytogenics demand.

Browse key industry insights spread across 220 pages with 222 market data tables and 41 figures & charts from the report, "Feed Phytogenics Market Forecasts By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), Product (Essential Oils, Herbs & Spices, Oleoresins), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/feed-phytogenics-market

Increasing reliability on natural growth promoters (NGPs) for livestock production such as broilers, swine and cattle for meat consumption is likely to drive feed phytogenics market outlook over the forecast period. Awareness among consumers over resistance development issues, allergy, and immunity loss due to antibiotic growth promoters (AGPs) consumption is likely to drive a trend in market towards feed phytogenics.

European phytogenic market is expected to be driven by European Commission's ban imposed on antibiotics in animal feed including tylosin, spiramycin, bacitracin, virginiamycin, carbadox, and olaquindox on account of causing adverse effects to livestock such as cattle, pigs, poultry and aquaculture species. The ban has resulted in increased need for alternate feed additive to help maintain the health of livestock animals which is expected boost feed phytogenics market trends.

Several market players are opting for consolidation initiatives to broaden consumer base, gain brand recognition, and diversify product portfolio. Rapid product penetration in market along with supportive government regulations should encourage adoption rates. Companies are also engaged in segment diversification by offering customized product lines catering to ruminants, swine's, and aquaculture products which is likely to augment market statistics.

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Feed Phosphate Industry Statistics By Livestock (Poultry, Cattle, Aquaculture, Swine, Pet), Products (Monocalcium Phosphate, Tricalcium Phosphate, Dicalcium Phosphate, Ammonium Phosphate, Defluorinated Phosphate), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/feed-phosphate-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision makers.

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Global Market Insights, Inc.
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