Feed Phytogenics market (Phytogenic Feed Additives market) size to exceed USD 740 million by 2022

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Feed Phytogenics Market (Phytogenic Feed
Additives market) size to exceed USD 740 million
by 2022 Global Market insights
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Feed Phytogenics Market

• 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 2014. 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 2022.

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Continued...

• 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, 2017.
• 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.

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Germany feed phytogenics market share, by
product, 2014

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