Sellbyville, Delaware, Oct. 24, 2018 (GLOBE NEWSWIRE) --
Global Feed Phytogenics Market will cross USD 790 million by 2024; according to a new research report by Global Market Insights, Inc. Increasing preference for natural growth promoters for the production of livestock species including swine, broilers and cattle for meat may drive feed phytogenics industry growth. Rising consumer awareness about resistance development issues caused by antibiotic growth promoters (AGPs) consumption as feed additives may have a positive impact on the market. These products are derived from natural bioactive compounds found in plant-based species such as clove, black seed, rosemary, oregano, garlic, thyme & fennel which have a positive impact on animal health & growth, thus accelerating the market growth.
U.S. herbs & spices feed phytogenics market may exhibit gains of over 2.5% in the forecast period. These products help stimulate appetite & digestion, sustain optimal health and ensure animal welfare by enabling performance enhancement. Many spices and herbs have been proven to enhance pancreatic enzyme generation and bile emission in the intestine particularly in pig production. Extracts of herbs and spices exert clear antibacterial activity against food-borne pathogens and are incorporated in the poultry feed as growth promoters such as prebiotics & probiotics which may boost phytogenics feed additive industry growth.
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Germany market from swine application may expect gains at over 3% in the predicted timeframe. They play a key role during piglet weaning along with ensuring maximization of milk yield along with sustaining optimal body health. The market is driven by factors such as ban of in-feed antibiotics by EU, increasing importance for animal health, especially from meat industry and rising animal health awareness, which may boost product demand.
India feed phytogenics market from aquatic applications may exhibit a growth of about 4% by 2024. Fish nutritionists, feed manufacturers and fish producers constantly search for feed additives which can balance the combination of cost-effective feed ingredient and improve nutrient utilization. These compounds help in reducing feed costs, animal health concerns, food safety and antioxidant status of fish fillers which may accelerate market growth.
Browse key industry insights spread across 230 pages with 222 market data tables & 41 figures & charts from the report, “Feed Phytogenics Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/feed-phytogenics-market
China market demand from poultry is poised to surpass USD 50 million up to 2024. Rising government initiatives ensures the collaboration of prominent international livestock financers & producers to form joint ventures, thus facilitating large scale meat production and accelerating industry growth. Rising disposable income has resulted in rising government focus regarding meat quality.
Synthite Industries, DuPont Danisco, Doterra, Delacon Biotechnik, Biolandes and Igusol are some of the prominent industry participants in the phytogenic feed additives market. Manufacturers are engaging in strategic arrangements to enlarge their supply network, acquire companies, and promote market growth.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.