DUBLIN, June 17, 2016 /PRNewswire/ —
Research and Markets has announced the addition of the “Feed Phytogenics Market by Type (Essential Oils, Herbs & Spices, Oleoresins, and Others), Livestock (Swine, Ruminants, Aquatics, Equine, Poultry, and Others), Function, & by Region – Global Trends & Forecast to 2021” report to their offering.
The global feed phytogenics market size is projected to reach USD 769.5 Million by 2021.
On the basis of type, the global market is segmented into essential oils, herbs & spices, oleoresins and others (mucilage and echinacea). The essential oils segment accounted for the largest market share which is projected to grow at the highest CAGR during the forecast period due to its significant increase in the use of essential oils as feed additives in animal nutrition. Furthermore, one of the main reasons for this increase is to substitute antibiotic growth promoters, which have been banned as feed additives in the European Union since 2006.
The global market, based on livestock, is segmented into swine, ruminants, aquatics, equine, poultry, and others (dogs, cats, and other pet animals). The poultry segment accounted for the largest share of the global market in 2015. The poultry segment in the feed phytogenics market is growing as the production of poultry is becoming more intensive and vertically integrated due to continuous technological advancements along with growing economies. The middle class income also increases the demand of organic and safe poultry meat which in turn is driving the demand of feed phytogenics in this segment.
On the basis of function, the global market is segmented into palatability enhancers, performance enhancers, and others (preventative health maintainers, antioxidants, and greenhouse gas emission mitigators). The palatability enhancers is projected to grow at the highest CAGR during the forecast period. Feed palatability enhancers are gaining a substantial position in feed phytogenics as they are highly influential in the increase of feed intake in animals.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Feed Phytogenics Market, By Livestock
8 Feed Phytogenics Market, By Type
9 Feed Phytogenics Market, By Function
10 Feed Phytogenics Market, By Brand
11 Feed Phytogenics Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information visit http://www.researchandmarkets.com/research/t9hkz8/feed_phytogenics
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SOURCE Research and Markets