Feed Phytogenics Market (Type - Essential Oils, Herbs & Spices, Oleoresins, and Others; Livestock - Swine, Ruminants, Aquatic Animals, and Poultry): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024.
Pune, India -- (SBWIRE) -- 04/19/2019 -- The Feed Phytogenics Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the feed phytogenics market.
Infinium Global Research's report covers the annual growth of the Global feed phytogenics market. It also includes chapters on the Global feed phytogenics industry trends, geographic analysis, and competitive landscape.
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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
Feed Phytogenics Market: Industry Insight
Feed phytogenics are plant-based feed additives utilized in animal nutrition. They are obtained from herbs, spices, and extracts such as essential oils. Phytogenic is mainly used for conventional and antibiotic-free animal nutrition.
Feed Phytogenics Market: Drivers and Restraints
The rising need for high-quality animal proteins and increasing demand to reduce feed cost is driving the feed phytogenics market. The potential benefits of using phytogenic in livestock nutrition are increased feed intake, increased growth performance and stimulation of digestion. Feed phytogenic also helps in improving reproductive parameters and feed efficiency that leads to higher profitability. In addition, the ban on several growth hormones favors the growth of the feed phytogenic market. however, low awareness about feed phytogenics and its benefits hampers the market growth. Furthermore, the increasing demand for meat and meat products creates growth opportunities for the feed phytogenics market.
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Feed Phytogenics Market: Segmentation
The report on global feed phytogenics market is segmented into type and livestock. The type segment is further bifurcated into essential oils, herbs & spices, oleoresins, and others. Among the types, essential oils segment holds the dominant share in the feed phytogenic market due to their efficiency to destroy bacteria and enhance performance in animals. The livestock segment is further bifurcated into swine, ruminants, aquatic animals, and poultry. Among the livestock segment, poultry segment holds the dominant share in the feed phytogenic market as feed phytogenics are being used widely instead of growth hormones in poultry.
Feed Phytogenics Market: Regional Insight
The Asia Pacific holds the largest share in the feed phytogenics market. The rapid growth in the livestock sector in the Asia-Pacific region over the last couple of decades has contributed to revenue growth in the feed phytogenics market. In addition, livestock plays a vital role in economic development and play a major role in the development of emerging Asian countries that drive the growth of the feed phytogenics market in the Asia Pacific region. North America regions hold the second largest share due to the stringent regulations on the use of steroid growth hormones and the rising adoption of natural growth promoters in the livestock industry.
Feed Phytogenics Market: Competitive Analysis
The feed phytogenics market is an emerging market. The major players in the feed phytogenics market include Phytobiotics Futterzusatzstoffe GmbH, DowDuPont, Pancosma, Cargill, Dostofarm GmbH, Silvateam S.P.A., Synthite Industries Ltd., Natural Remedies Pvt. Ltd., Nutricare Life Sciences Limited, and Biomin GmbH. Companies in the feed phytogenics market are focusing on expanding their business in untapped regions. In 2019, Delacon, a phytogenic feed additive specialist has expanded its team in Singapore and Asia.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Feed Phytogenics.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.