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North American Feed Phytogenics Market size is predicted to surpass USD 130 million by 2026, according to a latest forecast report by Graphical Research. Increase in the consumption of meat has boosted the production of chicken, cows, turkey, and swine, which has bolstered the demand for feed phytogenics in North America. Moreover, growing awareness about feed additives among pet owners and animal farmers should accelerate the market growth.
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North America Feed Phytogenics Market to Exceed $130 Mn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
North American Feed Phytogenics Market size is predicted to surpass USD 130 million by 2026, according to a latest forecast report by Graphical Research. Increase in the consumption of meat has boosted the production of chicken, cows, turkey, and swine, which has bolstered the demand for feed phytogenics in North America. Moreover, growing awareness about feed additives among pet owners and animal farmers should accelerate the market growth. The demand for herbs and spices for improving animal health and performance is on the rise owing to prohibition on the use of nutritive antibiotic and rising consumer awareness among consumers regarding phytogenics. Producers are emphasizing on using plant extracts as digestion and physiological function stimulants in animals. Further, use of plant extracts in feed as antioxidants in animals has also increased. Phytogenic extracts from herbs and spices have a pharmacologic action in digestive tract of animals. The demand for feed phytogenics from herbs and spices has increased, pertaining to rising consumer awareness regarding feed additives from plants, which should accelerate the feed phytogenics market growth. The ruminant segment from the application category is predicted to register a growth of over 3.5% between 2020 and 2026. Ruminants are herbivorous mammals, which feed on plants. Phytogenics help in ruminant production by improving growth of beef cattle. Feed phytogenics enhance milk yield and reduce the ammonia emissions compared to feeds that lack feed phytogenics. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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Feed phytogenics demand for ruminant production has boosted owing to rising production of beef cattle. In 2019, there were nearly 95 million cattle and calves in United States. In January 2020, there were nearly 981 thousand dairy cows and 3.5 million beef cows in Canada. Further, commercial beef production in the U.S. has increased from 23.7 billion pounds in 2016 to 27.1 billion pounds in 2019. This increase in the commercial beef production has fueled the demand for feed additives, which should stimulate the North American feed phytogenics market demand in ruminant applications. Phytogenic feed additives constitute a variety of essential oils, herbs, and spices. Feed phytogenics for pigs help in reducing bacterial counts, reducing formation of substances like ammonia and biogenic amines, and improving gut equilibrium. The demand for feed additives in swine industry has proliferated owing to increasing production of pigs in United States and Canada. The volume of swine produced in Canada increased from 28 million heads in 2018 to 28.3 million heads in 2019 and the port consumption per capita in Canada was nearly 25 kg in 2019. Moreover, the number of pigs and hogs in United States increased from approximately 15 million in 2000 to nearly 75 million in 2019. This rise in the production of pork has also propelled the consumption of feed additives in the market. The demand for feed additive has soared in North America owing to increase in the production of livestock. In United States, approximately six million hogs and pigs were breeding in 2018, and the number has been increasing as the number pork consumption increases. This has driven the animal feed additives industry in United States. The animal feed additives industry is expected to reach to a value of around USD 9 billion in 2025 from approximately USD 6.15 billion in 2016. Major players in the market include DowDuPont, Pancosma, Phytobiotics North America, LLC, Cargill, Nestlé Purina PetCare Company, DSM, PMI Nutrition, and doTERRA. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Segmentation of North America Feed Phytogenics Market: • North America Market, By Type • Essential Oils • Herbs & Spices • Oleoresins • Others • North America Market, By Livestock • Poultry • Swine • Ruminant • Aquatic • Equine • Others • The above information has been provided for the following countries: • North America • U.S. • Canada • Mexico ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Phone:1-800-986-6917Email:sales@graphicalresearch.com Web: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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