Feed Phytogenics Market size to exceed USD 865mn by 2027
Published Date: January 5, 2021 Authors: Kunal Ahuja, Kritika Mamtani
Feed Phytogenics Market size is set to surpass USD 865 million by 2027, according to a new research report by Global Market Insights, Inc.
Increasing concerns regarding animal health and nutrition is driving the attention of livestock owners towards natural feed supplements for animal nutrition, which is likely to promote the feed phytogenics industry growth in the years to come. Increasing instances of digestive disorders among animals is demanding the use of highly efficient feed additives in the recent years. The improved gut health, improved resistance and increased reproduction rate offered by the use of feed phytogenics should further boost product demand.
Increasing use of advanced technologies such as encapsulation in manufacturing feed phytogenics aids in improving the efficiency of feed phytogenics produced, thus propelling the market share. Ban on the use of antibiotics in animal feed applications in different countries of the world should further encourage the use of sustainable feed supplements such as feed phytogenics, thus escalating the market statistics in the coming years.
Benefits such as dietary supplementation, improved digestion and immune response along with improved gut health to promote the use of oleoresin feed phytogenics
The oleoresin feed phytogenics market is expected to witness considerable growth in the next few years. This is mainly attributed to the presence of resin in the essential oil matrix which imparts the property of excellent biological activity to it. The antibacterial, antifungal, antioxidant and anti-inflammatory effects of oleoresin feed phytogenics are likely to raise the product demand in the near future. The ability of oleoresin to enhance the shelf life of pork and poultry meat and eggs when used with dietary supplementation of oregano, rosemary and sage is expected to drive market demand.
Besides, dietary supplementation with carvacrol, cinnamaldehyde and capsicum oleoresin shows improvement in production performance and the concentration of antioxidants in the liver of broilers. Feed supplementation with thymol combined with carvacrol enhances performance, increases antioxidant enzymes activity, enhances digestive enzymes activity and improves immune response in broilers. Targeted onsite delivery in the gastrointestinal tract of animals through the encapsulation of thymol and cinnamaldehyde improves digestive performance of animals, which is expected to promote the market growth. Oleoresin feed phytogenics market is expected to grow at a CAGR of 3.5% between 2020 and 2027.
Browse key industry insights spread across 320 pages with 220 market data tables and 50 figures & charts from the report, “Feed Phytogenics Market Size By Product (Essential Oils, Herbs & Spices, Oleoresins), Livestock (Poultry, Swine, Ruminant, Aquatic, Equine) Industry Analysis Report, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2027” in detail along with the table of contents:
Ability to optimize feed efficiency and lower feed costs coupled with favorable regulatory scenario to promote the use of feed phytogenics in swine
The ability of feed phytogenics to maximize milk yield from pigs and maintain sow in good body condition helps in effective weaning of piglets. The ability of feed phytogenics to optimize feed efficiency and lower feed costs are likely to raise its popularity among swine farmers. Ban of in-feed antibiotics coupled with increased awareness regarding improved animal health and nutrition may raise product demand from swine owners in the coming years.
The rising demand for naturally derived growth promoters in swine should boost the demand for feed phytogenics. Besides, health benefits such as digestibility enhancement, antimicrobial effect and growth promotion which are obtained in pigs through the use of feed phytogenics may further fuel market growth. Increasing use of organic acids with their salts with phytogenics in swine feed improves digestion and sow lactation, which should propel market scenario. Feed Phytogenics market through swine livestock was valued at over USD 180 Million in 2019 and is expected to grow at a rate of 3.5% over the assessment period.
Increasing consumption of diet rich in omega-3 coupled with rising awareness about demerits of synthetic additives to augment North America feed phytogenics market trends
North America region is expected to experience considerable growth during the forecast period owing to the increasing consumption of protein-rich diet in the region. Shift in food consumption patterns coupled with the increasing consumer preference towards consumption of diet rich in omega-3 may raise the demand for seafood in the next few years. Increasing consumption of saltwater fish delicacies in Mexico is likely to increase the aquafeed production in the region, thus driving the market size. Growing awareness about demerits of synthetic additives and following the strategy of Europe regarding the ban of antibiotics is likely to result in increased use of phytogenic additives as supplement to antibiotics is expected to favor the market outlook. North America feed phytogenics market is expected to reach over USD 130 Million by 2027 growing at a CAGR of 3.4% over the forecast period.
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