Global Feed Phytogenics Market will witness a rapid growth to 2025 | Key Players are Bioamin, Nor-Feed Sud, Biotechnik, Delacon, Nutricare Lifesciences, Pancosma SA, Silvestris and TrueVet

Graphical Research represents a most up-to-date report on “Feed Phytogenics Market Size, By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), By Product (Essential Oils, Herbs & Spices, Oleoresins), Regional Trends, Growth Trends, Competitive Landscape & Forecast 2018 to 2024”.

Key industry participants are Bioamin, Nor-Feed Sud, Biotechnik, Delacon, Nutricare Lifesciences, Pancosma SA, Silvestris, and TrueVet.

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Global meat production accounted for approximately 310 million tons in 2014, and is estimated to grow annually by 2%, which will positively impact Phytogenics industry size. Moreover, escalating consumer demands for eradicating the use of antibiotics from meat is further boosting Phytogenics market revenue. Rising concerns regarding human & animal health and the environment are promoting phytogenic feed additives demand widely.

The government initiatives towards eliminating the use of antibiotics in meat products and encouraging natural growth promoters is also favoring the industry growth. For instance, the EU has banned the antibiotics use in animal products since 2006. Also, US FDA has declared to stop its usage by 31stDecember, 2016. In addition, private companies dealing with meat production are also supporting the use of NGPs over antibiotics. McDonalds and Tyson Foods in US have declared to stop antibiotics usage in their meat products.

However, complex nature of these compounds and their unpleasant taste and odor may inhibit the market size over the forecast timeframe.

Asia Pacific is expected to dominate the global feed Phytogenics market over the forecast period. The growth can be attributed to the high meat consumption rate, increasing purchasing power of the consumers, and the growth of new frozen meat outlets across the region. India and China will contribute majorly towards the regional growth. Europe market will experience moderate gains over the coming years, mainly driven by favorable government regulations and growing health awareness across this region.

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Asia Pacific is expected to dominate the global feed Phytogenics market over the forecast period. The growth can be attributed to the high meat consumption rate, increasing purchasing power of the consumers, and the growth of new frozen meat outlets across the region. India and China will contribute majorly towards the regional growth. Europe market will experience moderate gains over the coming years, mainly driven by favorable government regulations and growing health awareness across this region.

US market will witness a noticeable surge over the coming years, owing to the growing demand in poultry applications, which accounted for over USD 65 million in 2017.

Browse key industry insights from this report Feed Phytogenics Market in detail along with the table of contents at:
https://www.graphicalresearch.com/industry-insights/1086/feed-phytogenics-market

Partial Table of Content:

Chapter 1 Research Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Feed phytogenics market snapshot, 2013 - 2024
Chapter 3 Feed Phytogenics Industry Insights
3.1 Market segmentation
3.2 Market Size and growth prospects
3.3 Global feed phytogenics value chain analysis
3.4 Regulatory/Legislative Framework

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