The Global Feed Phytogenics Market was worth $0.51 billion in 2016 and estimated to be growing at a CAGR of 6.35%, to reach $0.69 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/28/2018 -- The report " Feed Phytogenics Market by Ingredients (Essential oils, Oleoresins, Herbs and Species, and others), by Animal Type (Poultry, Aquaculture, Swine, Ruminant, and others), by Application (Flavouring and Aroma, Organic Trace minerals, Anti-Parasitic, Feed Intake and Digestibility, and others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", Feed Phytogenics market is expected to reach USD 0.69 Billion by 2021 from an estimated USD 0.51 Billion in 2016, at a CAGR of 6.35%. Factors such as increasing need for natural growth promoters, rise in per-capita meat intake, and in-feed antibiotics banned by the EuropeanUnion are promoting the growth in this market are.
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By Ingredients, the largest share of the market is contributed by the Essential oils segment in the year 2016
On the basis of Ingredients, the Feed Phytogenics market has been segmented into Essential oils, Herbs and Species, Oleoresins, and others. In 2016, the Essential oils segment accounted for the largest share of the global Feed Phytogenics. The health benefits provided extensively such as antibiotic cutback, gut health support, and healthy ingestion in poultry is promoting the growth in this market.
By Animal type, the poultry segment accounted for the largest share of the market in 2016
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The Feed Phytogenics market is classified into Poultry, Swine, Aquaculture, Ruminant, and others by Animal type. Poultry segment dominated the market in 2016 by accounting about 35% of the market share. Calf is expected to be the fastest growing segment.
By Application, the feed intake & digestibility segment accounted for the largest share of the market in 2016
The Feed Phytogenics market has been segmented into Flavouring and Aroma, Anti-Parasitic, Organic Trace minerals, Feed Intake and Digestibility, and others by Application. Feed intake & Digestibility dominated the market share since feed palatability enhancers are highly efficient in increasing the intake of food by animals.
Asia – Pacific dominated the market in 2016
The largest share of the Feed Phytogenics market in 2016 is aacoounted by Asia – Pacific, followed by Europe. Due to the ban of feed antibiotics by Europe Union, Europe market is estimated to grow rapidly in the forecast period mentioned.
The major players in the Feed Phytogenics market Cargill Inc., Biomin, Pancosma SA, Delacon Biotechnik and DuPont.
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