5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
About the Market
Phytogenics are a group of natural growth promoters (NGPs) or non-antibiotic growth promoters used as feed additives, derived from herbs, spices or other plants. They are commonly regarded as favorable alternatives to antibiotic growth promoters (AGPs) in livestock production. They perform antimicrobial activity, anti-oxidative effects, enhance palatability, improve gut function, and promote growth. The demand for meat has amplified due to the incessant rise in population, lifestyle changes, and cultural trends, thereby creating tremendous opportunities and demand for alternative feed additives such as phytogenics. Implementation of new technology, such as encapsulation of active ingredients, is considered to further improve the efficacy of phytogenic feed additives. Focus on enhancing feed utilization and improving digestive health of animals are factors endorsing the market. Essential oils feed market is a major segment with a gradual increase in consumption rate in developed regions. Poultry segment is the largest consumer of feed additives market followed by swine and cattle. The demand for phytogenics for calves is expected to be highest during the forecast period to protect them from scours, diarrhea, and other gastrointestinal imbalances. The developed regions of Europe and North America are forecasted to be the fastest growing market followed by the developing nations. The key companies like Biomin, Delacon Biotechnik, Pancosma SA and Danisco are focusing on agreements and partnerships to balance supply and demand of the market.
About the Geography
Israel is a small country located in the Middle East bordered by Egypt, Jordan, Lebanon, and Syria. Israel has a liberal investment system and most activities are open to both private nationals and foreign investors. It has many tech start-ups, funded by America, a strong R7D sector, and a highly skilled multi-lingual workforce.
The government encourages entrepreneurship and the country is the second largest regardingthe availability of venture capital. The recent revision of Encouragement of Capital Investments Law now includes financial incentives for foreign investments. Israel is bordered by countries with on-going wars and terrorist activities, which act as a major impediment for foreign investors. It also has high corporate taxes and cost of manpower.
Israel invests almost 5% of its GDP in R&D and has many highly qualified engineers with access to funds. For these reasons, Israel is a good country to invest in if a company wants to set up an R&D wing, branch office, or LLC.
Component Name | Unit |
GDP (USD billion) | 296 |
GDP Annual Growth Rate | 3.2 |
GDP Per Capita | 32828 |
Unemployment Rate | 4.6 |
Wages | 2563.21 |
Inflation Rate | -0.7 |
Consumer Price Index (CPI) | 99.2 |
Interest Rate | 0.1 |
Loans to Private Sector (USD billion) | 150.026 |
Balance of Trade (USD billion) | -1.899 |
Business Confidence | 19.2 |
Manufacturing PMI (Index Points) | 57 Index Points |
Ease of Doing Business | 53 |
Competitiveness Rank | 24 |
Corruption Rank | 32 |
Consumer Confidence | -14.51 |
Consumer Spending (USD billion) | 41.537 |
Bank Lending Rate (Consumers) | 3.4 |
Corporate Tax Rate | 26.5 |
Sales Tax Rate | 18 |
The Market Entry Series
Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
+1 617-765-2493
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