Rising Concern Regarding Animal Feed Quality and Ban on Antibiotics to Drive the Phytogenic Feed Additives Market Growth
The global phytogenic feed additives market size is estimated to be valued at USD 701 million in 2019 and is projected to reach USD 1,226 billion by 2025, growing at a CAGR of 9.8% during the forecast period. Phytogenics are non-antibiotic growth promoters representing a group of natural substances used in the livestock industry for nutrition. Phytogenics have evolved as a key feed additive, as they...
Outbreak of livestock diseases influencing the demand for forage analysis globally
The global forage analysis market is estimated at USD 515.5 million in 2018 and is projected to reach USD 661.1 million by 2023, at a CAGR of 5.1% during the forecast period. The global forage analysis industry is growing significantly, owing to the rise in demand for high-quality forage and government mandates on feed quality and safety. Forage testing helps to detect the nutritional profile of a...