APAC Feed Phytogenics Market size is anticipated to cross USD 360 million by 2027, according to a latest forecast report by Graphical Research.
Increasing demand for livestock products is a major factor drive the market growth. Feed phytogenics are defined as the plant-based additives used for animal nutrition. They possess range of bioactive properties and are added into animal feed for antimicrobial effect, digestibility enhancement, performance improvement and various purposes. Rising concerns related to animal health has propelled the demand for feed phytogenics in Asia Pacific market.
The essential oils segment will witness 4% CAGR during the forecasted period. Essential oils such as peppermint, oregano, cinnamaldehyde, thyme, garlic carry antimicrobial, anti-viral and anti-oxidant properties and helps to improve animal’s productivity by stimulating animal’s digestive system. They are considered to be the safe and cost-effective alternative used in animal feed as compared to antibiotics.
Side effects associated with the use of synthetic feed ingredients or additives has slowly encouraged the manufacturers to include natural ingredients into their products. Moreover, stringent regulations related to the use of antibiotics and other feed additives has increased the demand for phytogenics in animal feed.
Browse detailed statistical insights from the report, “Asia Pacific Feed Phytogenics Market Forecast 2027 By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), By Product (Essential Oils, Herbs & Spices, Oleoresins), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The poultry segment to grow at a significant CAGR between 2021 and 2027 due to growing demand for chicken meat, eggs and poultry-based products. They are used for the purpose of antimicrobial effect, digestibility enhancement, performance improvement and others. Growing consumer preferences for white meat rather than red meat is likely to increase the demand for poultry meat thus boost the market growth.
The poultry segment in China market accounted over USD 43 billion in 2020 and will surpass USD 57 billion by 2027. Rapid urbanization, increasing disposable income and changing food habits has shifted the consumers’ focus towards protein-rich diet. Moreover, consumers specially teenagers are spending more on processed meat and chicken products at fast-food outlet and quick service restaurants. All these factors are anticipated into increasing demand for meat and meat-based products.
The APAC feed phytogenics market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Type
- Essential Oils
- Herbs & Spices
Asia Pacific Market, By Livestock
The above information has been provided for the following countries:
- Asia Pacific
- South Korea