The use of antibiotics by producers to artificially fatten livestock is also facing a recommendation for a ban in India from the National Antimicrobial Resistance Action Plan committee, thereby fuelling the growth of natural additives like phytogenics in the Indian market.Ĥ.2 Introduction to Market Drivers and RestraintsĤ.5 Industry Attractiveness - Porter's Five Forces Analysisĥ.2.3 Other Applications (Stress Reduction, Energy Effectiveness, etc. Vietnam and Indonesia, among the top feed-producing countries in the region, passed respective decrees prohibiting the use of antibiotics for animal growth promotion in early 2017. The replacement strategy for antibiotic growth promoters and the absence of harmful residues in plant-based additives are majorly driving the demand for feed phytogenics in the Asia-Pacific belt. Consequently, more products are entering the market.Īsia-Pacific - The Fastest Growing Market for Feed PhytogenicsĪsia-Pacific holds the highest potential for growth in the feed phytogenic industry globally. Among these, phytogenic feed additives are increasingly being adopted. Modern feed additives are now commonly used as a critical tool to improve animal health and productivity. The global requirement for high volumes of feed and feed additives has resulted in extensive scientific research in the area, which is projected to drive the overall market for feed phytogenics in the coming years. The need for superior quality meat and dairy products from health enthusiasts and the increasing popularity of natural ingredients in pet food are further leading producers to capture the untapped profits in the phytogenic industry. The demand for an improved feed conversion ratio and antibiotic-free additives from a growing number of livestock producers is further inducing the need for botany-based feed additives.Īccording to the Global Feed Survey report published by Alltech in 2018, worldwide feed production increased from 871.0 million metric ton in 2011 to 1069.7 million metric ton in 2017.
The increasing production of feed is driving the feed phytogenic market, owing to the accelerated efficiency and performance and health-induced benefits of phytogenics in animals. Following a starring role in the Garry Marshall-helmed play, Billy & Ray, she transitioned to. A former award-nominated actress and singer, her critically acclaimed one-woman show, Ali Spuck: Here I Am, ran for over a year and a half in Las Vegas.
Increasing Production of Animal Feed is Driving the Market Mini Bio (1) Ali Spuck is a writer, producer, and a three-time survivor of stage-4 colon cancer. The feed phytogenic market is poised to register a CAGR of 7.7% during the forecast period. The "Feed Phytogenic Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to 's offering.
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