Feed Phytogenics Market Size By Product (Essential Oils, Herbs & Spices, Oleoresins), By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Feed Phytogenics Market Size By Product (Essential Oils, Herbs & Spices, Oleoresins), By Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Feed Phytogenics Market is anticipated to demonstrate sturdy growth through 2032 owing to the rising inclination towards the use of natural growth promoters. Phytogenic feed additives are added to animal diets to improve their overall performance. They also help in enhancing gut health and improving metabolism. Besides, feed phytogenics boast of biologically active properties that have proven advantageous in modern livestock production, including antioxidative, anti-microbial, anti-inflammatory, and digestion-enhancing effects.

Additionally, reducing the antibiotics in animal feed and the growing need for alleviating the emission levels in countries such as the U.S. and the UK, will bolster the industry growth in the coming future.

Overall, the feed phytogenic industry is segmented in terms of product, livestock, and region.

Based on the product, the oleoresins segment is slated to grow considerably during the estimated timeframe. Oleoresins are natural sources extracted using different techniques and offer the potential as synthetic additives. Besides, product benefits such as ease of storage and transportation, increased heat stability, longer shelf life, and lower moisture content are some key benefits slated to augment its adoption in the coming future.

By livestock, the ruminant segment is anticipated to be valued at over USD 205 million by 2032. High-quality phytogenic additives play a key role in encouraging feed intake and enhancing nutrient utilization and improving feed efficiency. They also support nitrogen recycling in ruminants, limiting ammonia emissions.

Besides, feed phytogenics also contribute to efficient, environmentally friendly, and financially successful ruminant production by improving of growth performance in beef cattle, aiding in the optimization of milk yield and quality in dairy cows, supporting normal concentrate intake in calves, thereby maintaining natural digestion, and promoting the development of stable respiratory functions.

Regionally, the North America feed phytogenics market is anticipated to depict over 3% CAGR between 2023-2032. The regional market growth will be due to the increasing awareness regarding demerits of synthetic additives and regulations to ban the use of antibiotics. The surging demand for natural feed additives and organic meat will also generate the opportunity for the feed phytogenics market in the region. The U.S. is one of the leading meat exporters to countries such as Mexico, Russia, China, Japan, Canada, South Korea, and the Middle East. Farmers in the country are also shifting towards safe and natural additives in feed to maintain a competitive edge in the industry.