Feed Phytogenics Market Size By Product (Essential Oils, Herbs & Spices, Oleoresins), By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Feed phytogenics market is expected to register substantial growth during the coming time period owing to increasing meat consumption and growing consumer preference for exotic sea food. Phytogenics are a group of NGPs (natural growth promoters) which are derived from spices, herbs, or other plants. They are normally regarded as favorable alternatives to in-feed antibiotics in livestock production.
Essential oils signify a concentrated form of phytogenics, possessing mostly the active ingredients of the plants. Phytogenic feed additives are used for the purpose of digestibility enhancement, performance improvement, and antimicrobial effect.
The benefits of using feed phytogenics in livestock nutrition are that they increase feed intake, improve reproductive and performance parameters, and enhance feed-efficiency, which translates to higher profitability. They further lead to reduced incidence of diarrhoea, stimulation of digestion and increased growth performance. Phytogenics are used in pig diets, cow diets, poultry diets, as well as in pet food, offering a high nutrition value.
The feed phytogenics market is segmented in terms of product, livestock, and regional landscape.
Based on product, the market is bifurcated into essential oils, oleoresins, herbs & spices, and others. Among these, the others segment include flower extracts, seeds, exotic natural ingredients, and fragrant oils that boost appetite.
Seeds such as canola seeds are used in livestock diets. It is the protein as well as oil content of the whole seed which gives it its value. Sesame seeds are also used as a feed for livestock specifically in poultry and ruminants, due to its high oil content and are a valuable source of nutrition for animals.
Seeds such as chia seeds, sesame seeds, pumpkin seeds, and sunflower seeds are used to feed chickens due to their high nutrition content. Chia seeds are used as a horse supplement owing to their high nutritional value and a long shelf life. Chia seeds are considered as an ideal horse supplement because it contains omega 3 fatty acids, protein, minerals, fiber, and antioxidants.
With respect to livestock, the market is categorized into poultry, equine, swine, aquatic, and ruminant. Among these, the equine livestock segment is likely to grow due to increasing prevalence of bacterial and fungal infections in horses and rapid demand for high quality feed for racing horses.
Thoroughbred racehorses need an adequate as well as balanced diet, which is capable of providing a complete range of essential nutrients and the energy to meet the high demands imposed by their training as well as racing activities.
From a regional frame of reference, the Middle East & Africa feed phytogenics market is likely to exhibit growth owing to the increasing consumer inclination for exotic sea food and rapid demand for fish derivatives such as cod liver oil and caviar. Increasing meat consumption owing to rise in disposable income and increasing awareness on benefits of red meat is likely to foster Latin America feed phytogenics market trends.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook