Feed Phytogenics

Feed Phytogenics

Global Feed Phytogenics Market to Reach US$1.3 Billion by 2030

The global market for Feed Phytogenics estimated at US$798.9 Million in the year 2023, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2023-2030. Essential Oils, one of the segments analyzed in the report, is expected to record a 7.4% CAGR and reach US$592.9 Million by the end of the analysis period. Growth in the Flavonoids segment is estimated at 6.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$204.5 Million While China is Forecast to Grow at 8.4% CAGR

The Feed Phytogenics market in the U.S. is estimated at US$204.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$223.9 Million by the year 2030 trailing a CAGR of 8.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.6% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.0% CAGR.

Global Feed Phytogenics Market - Key Trends & Drivers Summarized

What Are Feed Phytogenics and Their Benefits?

Feed phytogenics are natural additives derived from plants, including herbs, spices, and essential oils, used in animal nutrition to improve performance, health, and feed efficiency. These additives are incorporated into animal feed to enhance digestion, boost the immune system, and provide antimicrobial properties. Feed phytogenics are known for their natural and sustainable benefits, making them an attractive alternative to synthetic additives and antibiotics. They are used in various livestock sectors, including poultry, swine, ruminants, and aquaculture, to promote growth, improve feed intake, and enhance overall animal health.

How Are Technological Advancements Shaping This Market?

Technological advancements are significantly shaping the feed phytogenics market. Advances in extraction and formulation technologies are improving the efficacy and stability of phytogenic additives. Encapsulation techniques are being developed to protect the active ingredients and ensure their controlled release in the digestive system. The integration of precision nutrition and data analytics is enabling the customized formulation of feed phytogenics based on specific animal needs and production goals. Additionally, research and development in plant science are identifying new phytogenic compounds with potential health benefits, expanding the range of available additives.

What Role Do Market Demands Play in This Industry?

Market demands are driving significant changes in the feed phytogenics market. The increasing consumer preference for natural and sustainable animal products is boosting demand for phytogenic additives. The growing awareness of antibiotic resistance and the push for antibiotic-free meat and dairy products are prompting livestock producers to adopt natural alternatives like feed phytogenics. The emphasis on animal welfare and the need for improved animal health and performance are also influencing market trends. Additionally, the expansion of the livestock industry, particularly in emerging markets, is driving demand for effective and sustainable feed additives.

What Factors Are Driving Market Growth?

The growth in the feed phytogenics market is driven by several factors, including the increasing consumer demand for natural and sustainable animal products, advancements in phytogenic formulations, and the rising awareness of antibiotic resistance. The shift towards antibiotic-free meat and dairy products is a significant driver, as livestock producers seek natural alternatives to synthetic additives. Technological innovations in extraction and encapsulation are enhancing the effectiveness and stability of feed phytogenics. The expansion of the livestock industry and the growing emphasis on animal health and welfare are also propelling market growth. Additionally, the increasing focus on precision nutrition and customized feed solutions is driving the adoption of feed phytogenics. These factors collectively ensure robust growth in the feed phytogenics market.

Select Competitors (Total 79 Featured) -

• Adisseo France S.A.S
• Cargill, Incorporated
• Dostofarm GmbH
• Kemin Industries, Inc.
• Natural Remedies Private Limited
• Pancosma SA
• Phytobiotics Futterzusatzstoffe GmbH
• Phytosynthese SASU

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