Feed Phytogenics Market size to exceed $845mn by 2026

Feed Phytogenics Market size is set to surpass USD 845 million by 2026, according to a new research report by Global Market Insights, Inc.
 

Feed phytogenic products are extracted from herbs, essential oils, flower extracts, and spices. They are widely utilized to promote healthy growth, strengthen immunity system, boost metabolic rate, and increase digestive efficacy. Increasing cases of livestock diseases, bacterial infections in horses, and tumors in fish is making farmers to opt for high quality animal feed which is likely to augment feed phytogenics industry outlook.

 

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Increasing cases of bird flu coupled with rising demand for poultry products to foster market demand

Growing demand for white & brown eggs & white meat owing to rising awareness on nutritional and low fat content in poultry should augment market share. Feed phytogenics derived from herbs & spices are widely used to supplement poultry diets as it aids in boosting the immune system against water borne diseases and fungal infections. Additionally, increasing concerns on quality of end products such as eggs & meat along with rising awareness towards the effect of diets on poultry products is likely to boost global feed phytogenics market growth.
 

Broiler producers use high density diets to feed their stocks and seek high profitability. However, increasing prices has led to increased cost of feedstock leading to poor profit margins. Feed phyotgenics are rapidly entering the market owing to its easy availability, economic nature, quick digestive rate, and high performance chrematistics. Furthermore, their compatibility with chicken, turkey, quail, and ducks coupled with low toxicity nature is likely to augment feed phytogenics market statistics.
 

Browse key industry insights spread across 220 pages with 222 market data tables and 41 figures & charts from the report, “Feed Phytogenics Market Analysis By Product (Essential Oils, Herbs & Spices, Oleoresins), By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, UK, Netherlands, Poland, Belgium, Spain, Russia, Italy, China, India, Japan, Indonesia, Philippines, South Korea, Taiwan, Thailand, Vietnam, Australia, Malaysia, Brazil, Argentina, Peru, Chile, Colombia, Nigeria, South Africa, Turkey), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026s” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/feed-phytogenics-market
 

Rising demand for pork products and changing dietary patterns to boost market trends

Pork is the mostly widely consumed meat in the world followed by poultry. Pork is also consumed as a source of important proteins and vitamins by humans. High usage of antibiotics in pork or any other meat leads to antibiotic resistance in animals and human alike. Industry players are rapidly investing and sourcing natural materials that improve growth rate, improve skin & meat texture and improve digestive feasibility which is likely to augment the global industry share.
 

Feed phytogenics play a key role during weaning for piglets and helps in maximizing milk yield while keeping sow in good body condition. They help in optimizing feed efficiency and lower feed costs as pig production is price sensitive market. Furthermore, increasing demand for pork preparations owing to rapid shift towards non vegetarian diets is likely to boost feed phytogenics market demand.
 

“As per industry forecasts, feed phytogenics from swine is forecasted to witness substantial growth with a CAGR of over 3.6% at the end of 2026 owing to increasing demand for pork products and rapid shift towards non vegetarian diets”.
 

Increasing awareness on side effects of chemically fortified feed and stringent government regulations to boost North America feed phytogenics market outlook

Rising awareness on demerits of chemical feed and artificial growth solutions along with changing perceptions towards animal rights is likely to boost market share. Manufacturers are marketing their products on sustainability measures which is attracting younger population which is likely to trigger feed phytogenics industry demand.
 

Industry players in the region are rapidly investing in R&D and marketing initiatives to broaden customer base and gain brand recognition in market. Stringent regulations in U.S. towards the use of artificial and chemically enhanced feeds is making industry players to rapidly adopt feed phytogenics which should boost regional feed phytogenics market growth.
 

“As per the analysis, U.S. market size is forecast to grow at about 3.3% from 2020 to 2026 owing to increasing investment in research and marketing initiatives”.

Industry players are rapidly investing in new packaging methods and sourcing exotic natural ingredients to gain unique selling point in market. They are also engaged in partnerships and consolidation measures to broaden customer base and gain maximum market share. Some key players in market include DowDuPont, Natural Herbs & Formulations, Biomin GmbH, Phytosynthese, Dostofarm GmbH, Phytobiotics Futterzusatzstoffe GmbH, , Indian Herbs Specialties, Unique Organics, Akay Group, AVT Natural Products, Himalaya, Synthite Industries, and Amorvet.
 

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