Feed Phytogenics Market worth USD 0.23 billion by 2021

Booming reliability on natural growth in Asia-Pacific Feed Phytogenic Market

“Asia-Pacific Feed Phytogenics Market" research report, published by Market Data Forecast estimates that the market is growing with a CAGR of 6.98% to reach USD 0.23 billion by 2021, from USD 0.16 billion in 2016, which amounts to a cumulative growth of USD 0.07 billion.

Phytogenic is derived from plants commonly used domain as a plant origin. Phytogenics are a set of natural growth promoters (NGPs) utilized as feed additives, obtained from herbs, spices or other plants. They are generally viewed as favourable substitutes to antibiotic growth promoters (AGPs) in livestock production.

Essential oils signify a concentrated form of phytogenics, comprising of mainly the active ingredients of the plants. Rising reliability on natural growth promoters (NGPs) for production such as swine, broilers, and cattle for meat consumption is likely to drive feed phytogenics market size over the coming years.

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The report also presents detailed analysis of multitude of factors affecting Asia-Pacific Feed Phytogenics Market bearing either positive or negative outcomes. Some of those factors are
• High demand for nutritious feed and viable animal nutrition products
• Environmental concerns over animal waste pollution
• Rising intake of meat
• Management of feed operating cost
• Lack of efficiency of these compounds due to their intricate nature combined with the unlikeable taste or odour of particular substances
• Particular compounds such as essential oils are unstable in nature, which can cause quick evaporation and causing disparity in final concentration of feed products.

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For granular level understanding the Asia-Pacific Feed Phytogenics Market is segmented based on Ingredients, Animal Type, and Application, each being provided with Market Size Estimations and Y-o-Y Forecasts. On the basis of Ingredients, is classified into Essential oils, Oleoresins, Herbs and Species, and others. Essential oils lead the Feed Phytogenics market and are projected to grow at the highest CAGR during the forecast period. This is due to the extensive range of health benefits provided such as gut health support, antibiotic cutback, and healthy ingestion in poultry. On the basis of Animal Type, the Feed Phytogenics market is segmented into Poultry, Aquaculture, Swine, Ruminant, and others. Under this segment, Poultry leads the market accounting for more than 35% of the market share. However, calf is projected to be the fastest growing segment with a CAGR of 7.8%, as they protect them from scours, diarrhoea and other gastrointestinal discrepancies. On the basis of Application, the Feed Phytogenics market is segmented into Flavoring and Aroma, Organic Trace minerals, Anti-Parasitic, Feed Intake and Digestibility, and others.

The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. With increasing intake of animal protein and rising awareness of natural feed additives, Asia-Pacific has become an appealing market for phytogenic feed manufacturers. The demand for non-toxic human food and mass production of meat has gotten significant attention to the importance of Feed Phytogenics

The major players in the market are fixated on broadening their distribution networks to cater to the wider market. The major companies dominating the Feed Phytogenics market in this region are Cargill Inc., DuPont, Biomin, Pancosma SA, and Delacon Biotechnik.

The Asia-Pacific Feed Phytogenics Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of Ingredients, Animal Type, and Application long with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market

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