Feed Phytogenics Market by 2024 Research Report – Capacity, Production, Revenue, Regions, Players
Category: #reports  By Madhuri Pawar  Date: 2019-02-13
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Feed Phytogenics Market by 2024 Research Report – Capacity, Production, Revenue, Regions, Players

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

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.

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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.

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

Browse key industry insights from this 2018 report Feed Phytogenics Market in detail along with the table of contents at:
https://www.graphicalresearch.com/industry-insights/1086/feed-phytogenics-market  

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About Author

Madhuri Pawar

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Madhuri Pawar

A post graduate in Electronics and telecommunication field, Madhuri writes for News.Marketsizeforecasters.com and carries a rich experience in digital marketing, exploring how the online world works from a marketing perspective. her other areas of interest include rea...

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