Increasing Demand for Feed Phytogenics to Create Attractive Opportunities in the Oleoresins Market
The oleoresins market is estimated to be valued at USD 1.2 billion in 2019 and is projected to reach USD 1.7 billion by 2025, recording a CAGR of 6.0% from 2019 to 2025. The rapidly growing demand for natural flavors in the food & beverage industry and the wide application of oleoresins in various other industries such as pharmaceuticals, personal care, and feed sectors are some of the key factors driving the growth of the market. Download PDF Brochure Livestock require adequate nutrition and care for optimum growth and development; with the increase in awareness in terms of food safety, growing concerns about livestock health, and focus on increasing the feed intake, and greater resistance to the use of antibiotics in feed are some of the major factors that make oleoresins preferred ingredients in livestock nutrition. Feed phytogenics or plant-based feed phytogenics such as herbs, essential oils, and oleoresins are a group of natural ingredients used in animal nutrition. The...