Feed Phytobiotics Market Growth, Research Report By Business Boosting Strategies, Trends Analysis, Forecast to 2024


Posted July 30, 2020 by nikhilkhadilkar

Feed Phytobiotics Market Research Report: Information by Source (Herbs & Spices, Botanicals, Essential Oils, and Oleoresins), Livestock (Ruminants, Poultry, Swine, and Others), Function and Region, Forecast till 2024
 
Feed phytobiotics Market Scenario

Feed phytobiotics are plant derived products. They improve feed performance when added to feed. Feed phytobiotics are derived from roots, spices, tubers, herbs, and other plant sources. Feed phytobiotics stimulates the secretion of digestive enzymes and helps in immune stimulation and holds a good anti-microbial, anti-bacterial, antiviral, and antioxidant properties. These phytobiotics are commonly available in solid, dried, and ground forms. They not only improve feed quality, but also animal health by reducing livestock diseases.

Global Feed Phytobiotics Market Growth as natural growth promoters (NGPs) due to its natural origin and is gaining popularity among the poultry feed additives owing to their beneficial effects on immune system and livestock growth performance. Feed phytobiotics are identified to be an effective alternative to the conventional antibiotics and other allopathic medicines used in poultry production, which had a concern related to bacterial resistance.
Growing population in developing countries has increased the demand for production of poultry, ruminants and other livestock for consumption, which has uplifted the demand for feed phytobiotics in the market. Furthermore, increasing consumption of poultry and meat products is adding fuel to the growth of the Global Feed Phytobiotics Market.

Key Players
Alltech, Inc. (US), Archer-Daniels-Midland Company (US), E.I. du Pont de Nemours and Company (US), Cargill Inc. (US), Kemin Industries, Inc. (US), Phytobiotics Futterzusatzstoffe GmbH (Germany), BIOMIN Holding GmbH (Austria), AB Agri Ltd. (UK), ForFarmers N.V. (Netherlands), AdiFeed S.p. z o.o (Poland), Neovia (France), Pancosma (Switzerland), Adisseo France SAS (China), Dostofarm GmbH (Germany) are some of the key players operating in the global feed phytobiotics market.

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Segments
Feed phytobiotics market is segmented by source such as plant extracts, spices, herbs, and others. Among all, feed prepared from plant extract is dominating the market followed by spices. Essential oils extracted from the plants are identified to have good anti-microbial properties, which is commonly used in poultry and livestock feed application. Moreover, spices segment is growing rapidly owing to anti-inflammatory properties, which is used in livestock feed.
Among all, poultry is dominating the market based on increased consumption of poultry and meat products globally. However, ruminants segment is projected to witness steady growth over the forecast period owing to growth in the poultry industry.

Regional Analysis
Global Feed Phytobiotics Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the feed phytobiotics market followed by North America. In Asia Pacific, China is the major contributor of poultry products, which, in turn, boost the market growth in this region. Furthermore, increasing consumption of livestock and rapidly growing population in developing countries of Asia Pacific is pushing the growth of the feed phytobiotics market.

For More Information @ https://www.marketresearchfuture.com/reports/feed-phytobiotics-market-4717

In North America, the U.S. is dominating in the feed phytobiotics market owing to government regulations imposed on the use of antibiotics and allopathic medicines in livestock.
Moreover, rising demand for poultry products in countries like the U.K. and France in the European region is projected to boost the feed phytobiotics market in the forecast period.

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Tags feed phytobiotics market , feed phytobiotics market growth , feed phytobiotics market share , feed phytobiotics market size
Last Updated July 30, 2020