Global Feed Phytogenics Market Size, Share and Industry Analysis Report by Product (Essential Oils, Herbs & Spices, Oleoresins) and Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), Regional Outlook, Growth Potential, Competitive Market Share & Forec

Global Feed Phytogenics Market Size, Share and Industry Analysis Report by Product (Essential Oils, Herbs & Spices, Oleoresins) and Livestock (Poultry, Swine, Ruminant, Aquatic, Equine), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

The feed phytogenics market is foreseen to expand at a significant pace through 2028 owing to prevalent product usage in key regions across the globe. In addition, growing global population has boosted the demand for animal protein, which is likely to further facilitate business growth over the forecast timeline.

Phytogenics include a wide array of plant materials, most of which have been a part of human nutrition for several years, wherein they have been applied as food preservatives, flavors, and medicines. They are known to contain several biologically active properties that offer numerous advantages in modern livestock production, including anti-inflammatory, antioxidative, anti-microbial, and digestion-enhancing effects. Phytogenic feed additives, also known as PFAs or botanicals, refer to plant-based substances added to animal diets to enhance animal performance. PFAs are considered to be a vital class of natural feed additives that also help improve feed utilization, which has bolstered product adoption in recent years.

Notably, increased research focus on identifying the benefits of feed phytogenics in animal nutrition has positively influenced the market landscape. To that effect, a March 2021 study published in Poultry Science found that diets rich in PFAs improved feed efficiency in broilers, thereby supporting muscle protein synthesis and reducing hepatic lipogenesis.

Moreover, industry players have been adopting profitable strategies to improve their market presence, which has been favorable for the feed phytogenics industry. For instance, in October 2021, Nor-Feed, a key company in the feed phytogenics space, opened a new facility in France’s Anjou region that was intended to strengthen the firm’s position as a supplier of botanicals to both international and domestic markets.

The feed phytogenics market has been segmented into product, livestock, and region. Based on product, the market has been bifurcated into oleoresins, herbs & spices, essential oils, and others. The others product segment holds a sizable share in the market and is anticipated to witness robust growth at over 2.6% CAGR through the assessment timeframe. Other products include flavonoids, saponins, and tannins, among others.

From the livestock perspective, the feed phytogenics market has been divided into swine, poultry, aquatic, ruminant, equine, and others. The others livestock segment is likely to observe notable expansion, registering a CAGR of more than 2.4% over the analysis timeline. Other livestock include pet food.

In the regional landscape, the CSA feed phytogenics industry is slated to grow at about 3.9% CAGR through the study timespan to reach a considerable valuation by the end of 2028. Meanwhile, the MEA feed phytogenics market accounts for a significant portion of the global industry revenue and is speculated to progress at a CAGR of above 2.5% over the forecast period.