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Feed Phytogenics Market in Herbs & spices segment to attain growth rates at 2.9% up to 2022

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.

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Feed Phytogenics Market in Herbs & spices segment to attain growth rates at 2.9% up to 2022

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  1. Phytogenic Feed Additives Market share to exceed USD 740 million by 2022: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Feed PhytogenicsMarket: • 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 plant 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.

  3. Continued... • 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. • 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.

  4. Browse Full Market Research Report On Feed PhytogenicsMarket @ http://bit.ly/1T3nZ9T Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/120https://www.gminsights.com/request-sample/detail/49

  5. 360° Analysis • Product Analysis • Herbs & spices accounted for over 30% of the total demand in 2014 and likely to witness below average gains from 2015 to 2022.They act as digestion & appetite stimulants and also help to sustain good health & welfare of animals by improving their performance. • Regional Analysis • Europe feed phytogenics market share accounted for over 27% of the total volume in 2014 and is likely to witness moderate gains during the forecast period. Ban on antibiotic growth promoters (AGPs) since 2006 owing to growing health concerns over consumers is likely to drive demand. • Competitive Market Share • Global feed phytogenics market share analysis brings to light a consolidated industry with manufactures focusing on expanding product portfolio for different livestock along with regulatory compliance. Major industry players include DelaconBiotechnik, Pancosma SA and Bioamin. Other companies include TrueVet, Silvestris, Nutricare Lifesciences and Nor-Feed Sud.

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