The Feed Phytogenic Market was valued at $1,143.09 million in 2019 and is expected to reach $6,418.08 million in 2027. It is expected to grow at an annual average of 24% during 2021-2027.
The growing demand for smart shirts, jackets and vests contributes to the business growth of Feed Phytogenic Market players. Smart shirts are designed to provide biometric data such as heart rate, respiratory rate and muscle activity that are professionally used to optimize performance and exercise planning. The data is captured and sent to the companion app to provide insight into strength and recovery, calories burned, fatigue and sleep quality. The growing use of smart wearable fabrics in the medical, sports and fitness industries is a major trend supporting the growth of the smart clothing market. However, the high production costs of smart clothing products hinder the market growth. The increasing adoption of smart clothing in the fashion industry is creating business opportunities for the growth of Feed Phytogenic Market players during the forecast period.
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Feed Phytogenic Market Segmentation
By Type:
• Essential oils
• Flavonoids
• Saponins
• Oleoresins
• Others (mucilage, tannins, bitter substances, and pungent substances)
By Livestock
• Poultry
• Swine
• Ruminants
• Aquatic animals
• Others (pets and equine)
By Source
• Herbs & spices
• Flowers
• Fruits & vegetables
By Function
• Performance enhancers
• Antimicrobial properties
• Palatability enhancers
• Others (phytogenic feed additives with anti-inflammatory properties and better feed conversion)
By Form
• Dry
• Liquid
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