Feed Phytogenic Market - Forecast(2022 - 2027)
The Feed Phytogenic Market size is estimated to reach $1,179 million by 2027. Furthermore, it is poised to grow at a CAGR of 7.1% over the forecast period of 2022-2027. Owing to the antibiotic-free nature of phytogenics and other health-related benefits of phytogenics in animals, the Feed Phytogenic Industry is predicted to grow. Phytogenics are non-antibiotic feed additives produced from plants that are added to cattle feed to boost performance. Phytogenics are found in plants such as herbs and spices, oleoresins, tubers, roots, and leaves. Feed phytogenics are available as oils like Caraway oil or extracts in dried, powdered, or solid form. Feed additives have a favorable impact on a variety of animal life processes, assisting in the prevention of disease outbreaks and promoting healthy growth. These botanicals or plant-based feed additives offer a healthy alternative to antibiotic-free feed additives. They have antibacterial, antiviral, and antioxidative effects, resulting in fewer harmful microorganisms and more balanced gut flora. Caraway oil is used to treat digestive issues such as heartburn, bloating, gas, loss of appetite, and moderate stomach and intestinal spasms. Growth in the animal feed sector is projected to have a favorable influence on the market throughout the forecast period, owing to rising meat demand and increased investment in breed maintenance. The market is projected to benefit from increased phytogenic fortification in bovine feed as a means of enhancing taste and inducing high feed intake for growth and reproductive performance.
Feed Phytogenic Market Report Coverage
The report: “Feed Phytogenic Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Feed Phytogenic Market.
Key Takeaways
- Geographically, Asia-Pacific held a dominant market share in the year 2021. It is owing to the existence of significant livestock populations and their expansion. Moreover, the increasing demand for feed and increased awareness of the need for quality feed among livestock farmers and feed purchasers. Additionally, Asia-Pacific is expected to offer lucrative growth opportunities to marketers owing to the growing research and development activities to develop Feed Phytogenics for various applications.
- The robust growth in the animal feed sector and increase in the Demand for Organic Solutions for pet food nutrition are driving the Feed Phytogenic Market. However, the COVID-19 Impact and Side Effects of Phytochemicals is one of the major factors impeding the Feed Phytogenic market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Feed Phytogenic Market Report.
Feed Phytogenic Market Segmentation Analysis- By Product Type
The Feed Phytogenic market based on the product type can be further segmented into Essential Oil, Herbs & Spices, Mucilage, Oleoresins, and Others. Essential Oil Segment held a dominant market share in the year 2021, and it is expected to expand at the quickest CAGR of 7.4% from 2022 to 2027. Essential oils like caraway oil and others are increasingly being utilized in animal feed as feed phytogenics to replace antibiotic growth boosters, which are currently banned as feed additives. Natural components are progressively replacing synthetic chemicals in animal feed owing to the increased popularity of natural ingredients. The volatile oils extracted from plants by steam and/or water distillation are known as essential oils. Furthermore, essential oils are thought to be a safe alternative to antibiotics in animal feed as well as a cost-effective feed additive. As a result, these variables are expected to improve the industry's outlook.
Feed Phytogenic Market Segmentation Analysis- By Livestock
The Feed Phytogenic market based on Livestock can be further segmented into Swine, Aquaculture, Swine, Ruminants, Poultry, and Others. The Poultry segment held a dominant market share in the year 2021. The demand for organic and healthy chicken meat is increasing, which has led to a surge in broiler farmers looking for high-density diets to feed their flocks and maximize profits. The market demand is expected to rise as the importance of increasing eggshell quality and avoiding chicken illnesses grows. The poultry industry now leads the entire livestock industry, owing to the rising demand for organic and healthy chicken meat. Middle-class customers in emerging countries are expected to spend their additional cash on meat and other poultry items, driving up demand for feed phytogenics in poultry animals. The main ingredient in this feed supplement is caraway oil. The biological effect appears to be mediated by the seed's essential oil. Monoterpenes, such as carvone and limonene, are the primary constituents of caraway seeds. Glycosides and flavonoids are two more small components. On a worldwide scale, the Clostridium-related poultry illness necrotic enteritis (NE) generates significant economic losses. The use of Capsicum and turmeric oleoresins in the diet of young broiler hens improves their resistance to necrotic enteritis.
The ruminants segment is estimated to be the fastest-growing, with a CAGR of 7.7% over the forecast period of 2022-2027. The phytogenics market is projected to be driven by increased fortification in ruminant feed, which reduces methane gas production and improves feed efficiency, resulting in increased environmental safety and cheaper feed additives costs.
"We also publish more than 100 reports every month in “Food and Beverage”, Go through the Domain if there are any other areas for which you would like to get a market research study."
Comments
Post a Comment