A recent report published by Infinium Global Research on feed phytogenics market provides in-depth analysis of segments and sub-segments in the global as well as regional feed phytogenics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional feed phytogenics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global feed phytogenics market. According to the report, the global feed phytogenics market is projected to grow with a healthy CAGR of over the forecast period of 2018-2024.
The feed phytogenics market is defined as essential oils, herbs & spices, oleoresins, and others used in feed production. Additionally, the feed phytogenics market by livestock is divided into swine, ruminants, aquatic animals and poultry. The feed phytogenics are natural growth promoter used to promote the rapid growth of the livestock. These are basically derived from agriculture and chemical sources.
The growing demand for different dairy products as milk, cream, beef, pork, and poultry products is providing a good growth opportunity for feed phytogenics products. The feed phytogenics are natural growth promoter used to promote the rapid growth of the livestock. These are basically derived from agriculture and chemical sources. The feed phytogenics has several health benefits to the animal. It is a rich source of high-quality protein, which helps to promote the integrated health of the animals. It provides a stronger immune system, reduces intestinal inflammation in animals. Additionally, it provides better digestion system to animals, which facilitate the better conversion of nutrients and reduce the feed cost. These are a natural alternative for livestock farmers, who are engaged in the antibiotic-free dairy and poultry product business. The growing demand for different dairy and poultry products is pulling the farmer to use different phytogenics feed products to cater to the demand. Further, the application of feed phytogenics to grow animals and poultry reduce the ammonia, methane and other greenhouse gases released in the environments.
Among the geographic, the Asia-Pacific region dominated the feed phytogenics market in 2017 and is expected to grow at a significant CAGR during the forecast period. The presence of a large number of pet animals as the cow, buffalo, pig, goat, and others, is helping to grow the market in this region. Additionally, as the food consumption habit of middle-class income is changing, they are demanding more dairy and poultry based products. The ever-growing demand for dairy and poultry based products is prompting the cattle farmers in this region is use a balanced amount of feed phytogenics products to cater to the demand. North America is the second largest market of the feed phytogenics market. It is following the Asia-Pacific market.
The report on global feed phytogenics market covers segments such as type and livestock. On the basis of type, the sub-markets include essential oils, herbs & spices, oleoresins, and others. On the basis of livestock, the sub-markets include swine, ruminants, aquatic animals, and poultry.
The report provides profiles of the companies in the market such as Phytobiotics Futterzusatzstoffe GmbH, DowDuPont Inc., Pancosma SA, Cargill, Incorporated, Dostofarm GmbH, Silvateam S.p.A., Synthite Industries Private Ltd., Natural Remedies Pvt. Ltd., NUTRICARE LIFE SCIENCES LTD., and Biomin Gmbh.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of feed phytogenics market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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