Market Trends of Asia Pacific Feed Phytogenics Industry
This section covers the major market trends shaping the APAC Feed Phytogenics Market according to our research experts:
Increased Compound Feed Production
Asia-Pacific is becoming an attractive market for phytogenic feed manufacturers. As increased intake of animal protein and growing awareness of natural feed additives. The demand for safe human food and mass production of meat has received considerable attention to the importance of feed additives. The dietary insertion of these additives has a positive effect on the animal health, as they are mixed with other feed additives with nutritional value that help in proliferation of indigenous lactic acid bacteria. The rising demand for animal products such as meat and eggs and environmental concerns over animal waste pollution are some of the major factors indicating a positive outlook for the feed phytogenics. Poultry is the major consumer of feed phytogenics. The need for superior quality meat and dairy products from health enthusiasts and increasing popularity for natural ingredients in pet food are further leading producers to capture the untapped profits in the phytogenic industry.
Increased Industrial Livestock Production
As per the Food and Agriculture Organization, the volume of meat production in Asia has significantly increased over the years accounting for 143.6 million tonnes in the year 2018 up from 139.4 million tonnes in 2016 denoting an ever-increasing demand for meat products in the region. Hence the farmers focus more on the production of quality meat for the customers. 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. 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 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 for natural additives like phytogenics in the Indian market.
