Phytogenic Feed Additives Market forecast to grow at 3% CAGR up to 2022

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Phytogenic Feed Additives Market share to exceed
USD 740 million by 2022 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Feed Phytogenics Market

• Feed phytogenics market size is forecast to
  exceed 145 kilotons from 2015 to 2022, with
  growth projected at over 2.5. Global Market
  Insights has announced the addition of their
  detailed report on these plant derivate products
  market.
• The report discusses in depth analysis of market
  trends, drivers, restraints, challenges,
  opportunities as well as the competitive
  landscape of the market. The report estimates the
  global market size of these natural growth
  promoters in terms of value.
• The market is forecast to witness significant
  growth on account of its growing application in
  animal feed owing to the rising demand for meat
  over the projected time frame.
• These feed additives are natural growth promoters
  obtained from herbs, spices, and other plants.

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Continued...

• Increasing dependence on NGPs for livestock,
  including poultry, swine and cattle is
  anticipated to have the positive impact on the
  market growth.
• Animal feed industry growth owing to increase in
  per capita meat consumption together with rising
  expenses for breed management is forecast to
  drive the NCPs market over the next few years.
• Rising fortification of phytogenics in bovine
  feed to add flavor and to stimulate high feed
  intake for growth and reproduction is also
  expected to further the market growth.
• Essential oils is a major segment of this market.
  Growing demand for essential oils that play
  important role in improving animal performance is
  forecast to favor the market growth. Moreover,
  increasing RD expenses in application of these
  products is expected to have positive impacts
  over the predicted time frame.

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Phytogenics Market _at_ http//bit.ly/1T3nZ9T
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360 Analysis

• Product Analysis
• Herbs spices accounted for over 30 of the
  total demand in 2014 and likely to witness below
  average gains from 2015 to 2022.They act as
  digestion appetite stimulants and also help to
  sustain good health welfare of animals by
  improving their performance.
• Regional Analysis
• Europe feed phytogenics market share accounted
  for over 27 of the total volume in 2014 and is
  likely to witness moderate gains during the
  forecast period. Ban on antibiotic growth
  promoters (AGPs) since 2006 owing to growing
  health concerns over consumers is likely to drive
  demand.
• Competitive Market Share
• Global feed phytogenics market share analysis
  brings to light a consolidated industry with
  manufactures focusing on expanding product
  portfolio for different livestock along with
  regulatory compliance. Major industry players
  include Delacon Biotechnik, Pancosma SA and
  Bioamin. Other companies include TrueVet,
  Silvestris, Nutricare Lifesciences and Nor-Feed
  Sud.

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