© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Feed Phytogenics Market (Phytogenic Feed Additives market) size to exceed USD 740 million by 2022 – Global Market insights

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Feed Phytogenics market size is likely to be worth USD 744 million by 2022; as per a new research report by Global Market Insights, Inc. Increasing dependability on NGPs (natural growth promoters) for livestock such as swine, cattle and poultry, is likely to drive phytogenic feed additives market growth.  Growth in livestock production owing to increase in per-capita meat consumption in countries such as China and India is likely to drive feed phytogenics market demand.  Essential oil-based products dominated feed phytogenics market share and accounted for over 40% of the total volume in 2014, with consumption exceeding 50 kilo tons in They are majorly used in swine production for effective weight gain applications. Herbs & spices are likely to attain growth rates at 2.9% up to Key Insights from Feed Phytogenics Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Restrictive antibiotics use in livestock diet by the European Union and the U.S. is likely to favor feed phytogenics demand. EU banned antibiotics use as growth promoter in livestock food in 2006 and FDA has passed regulation to completely stop its usage starting from 1st January,  Lack in product efficacy due to complex nature along with unpleasant odor or taste of certain compounds may challenge feed phytogenics demand as NGPs. Also, their concentration in livestock food additive can vary owing to volatile nature of essential oils.  This problem can be overcome with use of microencapsulation technology, resulting in low dosage and increased profitability. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Germany feed phytogenics market share, by product, 2014

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