Feed Phytogenics Market share to exceed USD 790 Million by 2024: Global Market Insights Inc. The research report Global Feed Phytogenics Market Size By Product (Essential Oils, Herbs & Spices, Oleoresins), By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024 says, Global Feed Phytogenics Market is set to surpass USD 790 Million by 2024 Increasing demand for high quality meat products, particularly in the economies of China, India and Brazil, is likely to boost feed phytogenics market, driven by the increased demand for livestock production. Phytogenics are known to have a wide range of biologically active properties, such as anti-inflammatory, antioxidative, antimicrobial and digestion-enhancement, beneficial in modern livestock production. These products are used to enhance the performance & health of livestock including ruminants, poultry, swine, and aquatic, basically for meat consumption, the upsurge in which will augment feed phytogenics industry.
Reportedly, the meat sector has increased its investments lately so as to meet the surging demand for high protein meat products for health-conscious consumers, and has seemingly switched to ready-to-eat (RTE) meat products due to easy availability, hectic lifestyles, and rising innovations in meat processing technology. Reports suggest that in the 2015, the China’s meat production accounted for 28.4% of the total meat production in the world, while the global meat production stood at 86.25 million tons. By adopting advanced meat processing technologies and phytogenic feed additives (PFAs), meat industry players are focusing on increasing their output yield, which would quite overtly prove to beneficial for feed phytogenics market. Ideally, PFAs are used in the animal industry is to improve the feed quality as well as animal health and performance. The product is considered as a first alternative to AGP (antibiotic growth promotors), mainly due to its antioxidant, antimicrobial, and antiinflammatory properties. Most reports speculate an optimistic growth in PFA promoting effects on reproduction of milk, egg, and meat. These products have found wide usage in dairy cow nutrition to enhance the technical properties of milk for cheese and butter production and play a critical role in reacting to a ruminant’s complex digestive and metabolic system. These products also impart anti-oxidative and anti-inflammatory properties to the gastrointestinal tract for the survival of calves. Driven by these incredible benefits, feed phytogenics market is expected to traverse along a positive growth path in the years ahead.
1|Page