Global Feed Phytogenics Market to hit $744 Million by 2022

Date of publication : 4/11/2017
Source : https://www.gminsights.com/
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Feed Phytogenics Market size is forecast to exceed 145 kilotons from 2015 to 2022, with growth projected at over 2.5%. Global Market Insights has announced the addition of their detailed report on these plants derivate products market. The report discusses in depth analysis of market trends, drivers, restraints, challenges, opportunities as well as the competitive landscape of the market. The report estimates the global market size of these natural growth promoters in terms of value.
 
The market is forecast to witness significant growth on account of its growing application in animal feed owing to the rising demand for meat over the projected time frame. These feed additives are natural growth promoters obtained from herbs, spices, and other plants. Increasing dependence on NGPs for livestock, including poultry, swine, and cattle is anticipated to have the positive impact on the market growth.
 
Animal feed industry growth owing to increase in per capita meat consumption together with rising expenses for breed management is forecast to drive the NCPs market over the next few years. Rising fortification of phytogenics in bovine feed to add flavor and to stimulate high feed intake for growth and reproduction is also expected to further the market growth.
 
Germany feed phytogenics market share, by product, 2014

 
Essential oils is a major segment of this market. Growing demand for essential oils that play important role in improving animal performance is forecast to favor the market growth. Moreover, increasing R&D expenses in application of these products is expected to have positive impacts over the predicted time frame. Swine applications are also projected to witness moderate gain during the estimated period.
 
Key regions covered:
The report estimates the market of growth promoters in key markets of Europe, and Asia pacific region. Asia pacific region is expected to continue its dominance for meat consumption in the market.  Europe phytogenics market is likely to grow at a moderate rate over the next few years. 
 
Key players in the market:
The report discusses the following key market players, their profiles and key strategies. Some of the key companies included in the report are:
- Biomin
-Delacon Biotechnik
- Pancosma S.A.
- Nutricare Lifesciences
- Silvestris
- Nor-Feed Sud
- TrueVet
 
Key Topics Covered in the report:
- Market Definition for Feed Phytogenics along with restraints, drivers of the market
- Analysis with competitive landscape and assessments on a regional scale
- Recognition of factors influencing the market scenarios and key market players, company profiles and strategic activities.
- Insights on prospective opportunities and challenges
 
Browse key industry insights spread across 80 pages with 113 market data tables & 12 figures & charts from the report Feed Phytogenics Market in detail along with the table of contents:
 
Mentioned in this news release:
Re: Global Feed Phytogenics Market to hit $744 Million by 2022
18/04/2017 | Phytogenics are undoubtedly the next biggest thing in Veterinary Pharma sector worldwide due to the ban on unethical/ indiscriminate use of antibiotics and also the growing awareness among people about safe food and environment. Such a shift towards safe and healthy food is most needed to safeguard the health of coming generations.
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