Feed Phytogenic Market - Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2026)
Valley Cottage, NY -- (SBWIRE) -- 12/19/2017 -- Phytogenics are referred to plant-derived non-antibiotic feed additives, which are added to livestock feed for improving animal performance. Plant sources from which phytogenics are derived include herbs & spices, fruits, tubers, roots, and leaves. Feed phytogenics are available in dried, ground, or solid form, as essential oils or extracts.
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Encapsulation Enhancing Shelf-life of Feed Phytogenics
Feed phytogenic additives effect the livestock health positively, however they are usually difficult for processing in the feed. Several sensitive sources of phytogenics, particularly essential oils, lose their efficiency and efficacy, as they are highly vulnerable to oxidative & volatile properties, pungent odour, and high temperatures. Introduction of technologies such as encapsulation, are helping to enhance the feed phytogenics' shelf life, thereby prolonging the shelf life of essential oils. Through integration of solid, gaseous, and liquid substance into a millimetric capsule, encapsulation is also enabling protection of feed phytogenics from environmental changes. In addition to protection from effective environmental factors, encapsulation also leads toward improved digestion, stability in ration, and enhancement of palatability.
Increasing concerns associated with side effects of prolonged chemical feed additives' use is considered to be a major factor driving adoption of feed phytogenics. However, feed phytogenics have complex composition, and are expensive, which in turn might hinder their adoption in the foreseeable future. In its new research report, Future Market Insights (FMI) projects an impressive expansion for the global feed phytogenics market throughout the forecast period (2017-2026). Sales of feed phytogenics across the globe are estimated to account for roughly US$ 2,500 Mn revenues by 2026-end.
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Europe and North America to Remain Largest Markets for Feed Phytogenics
The feed additives market is highly regulation across North American and European regions. The European Union (EU) has implemented stringent regulations concerning adoption of chemical feed additives. In North America and Europe, it is mandatory for feed phytogenics producers to follow strict norms pertaining to national and regional health, as well as safety for approval of their products. Europe and North America will continue to be the largest markets for feed phytogenics, collectively estimated to account for nearly three-fifth revenue share of the market by 2026-end.
Based on product type, essential oils are anticipated to remain sought-after in the market, with sales poised to exceed US$ 1,000 Mn in revenues by 2026-end. Between oleoresins and herbs & spices, the former will remain more lucrative than the latter, while sales of herbs & spices will register a higher CAGR than that of oleoresins through 2026. Revenues from sales of herbs & spices, and oleoresins, will collectively account for over half share of the market by 2026-end.