Phytogenic Feed Market Forecasts to 2028 – Global Analysis By Ingredient (Essential Oils, Herbs, Spices and Other Ingredients), Livestock (Poultry, Aquatic Animals, Ruminant, Swine and Other Livestocks), Function, Application and By Geography

Phytogenic Feed Market Forecasts to 2028 – Global Analysis By Ingredient (Essential Oils, Herbs, Spices and Other Ingredients), Livestock (Poultry, Aquatic Animals, Ruminant, Swine and Other Livestocks), Function, Application and By Geography

According to Stratistics MRC, the Global Phytogenic Feed Market is accounted for $864 million in 2022 and is expected to reach $1465 million by 2028 growing at a CAGR of 9.1% during the forecast period. Phytogenic feed is derived from spices, herbs or other plants and used as feed additives. They are natural growth promoters which have potential antimicrobial properties. They help in improving growth by enhancing deliciousness and getting better gut functioning for increased food intake. It improves the animal performance and potentiality. It upgrades the feed proficiency. Phytogenics are expelled from crucial oil and available in dried, strong and ground structure.

According to the Global Feed Survey report published by Alltech, worldwide feed production increased from 871.0 million metric ton in 2011 to 1069.7 million metric tons in 2017.

Market Dynamics:

Driver:

Increasing production of animal feed

With the growing numbers of livestock, producers are demanding for an improved feed conversion ratio and antibiotic-free additives. The trend of keeping pets is also gaining huge pace. The accelerated efficiency, performance and health-induced benefits of phytogenics in animals are increasing the production of animal feed. Companies are developing innovative feed products from naturally sourced ingredients which are fuelling the market growth.

Restraint:

Low profit margins

The profit margin for livestock depends on the price of final products. The phytogenic feed is a niche market. It is still developing and the awareness about the market is very less. Low demand products cost more as it impacts the production cycle. Getting high margin with fewer sales is very difficult. The price fluctuation factor is the hindering the growth of the market.

Opportunity:

Rise in pet food nutrition

The safety, quality and source of the ingredients used in the production of pet food items are issues that pet owners are becoming more attentive to. Major market players are coming up with innovative feed products that are made up of naturally sourced ingredients and additives that enhance the quality of the feed for pets. The growing pet population and the concerns for pet nutrition are further propelling the growth of the market.

Threat:

Affects of essential oils

Essential oils are highly concentrated and have volatile compounds. The essential oils consists huge price rates due to adulteries & synthetic products. Unawareness and improper application of the essential oils affects the consumer massively. They also lead to skin rashes and nausea. Low quality products and lack of transparency are hindering the growth of the market.

Covid-19 Impact

The COVID -19 pandemic created many issues for the phytogenic feed industry. The supply has been grimly hit by the pandemic crisis when the demand for animal feed has been relatively stable. The changes in consumer behaviour and demand, economic uncertainty, purchasing patterns, re-routing of the supply chain and the significant interventions of governments affected the industry drastically.

The essential oils segment is expected to be the largest during the forecast period

The essential oils segment is estimated to have a lucrative growth, due to the rise in awareness regarding natural ingredients and products. Essential oils being a plant source have been able to gain significant grip in the industry as a natural ingredient. It offers various characteristics such as improving feed intake, maintenance of gut health, supporting healthy digestion along with antioxidant and anti-inflammatory properties which are fuelling the segment growth.

The poultry segment is expected to have the highest CAGR during the forecast period

The poultry segment is anticipated to witness the fastest CAGR growth during the forecast period, due to growing demand for organic and healthful chicken meat. Broiler producers are searching for high-density diets to feed their flocks and increase revenues as organic and healthy chicken meat demand rises. Middle-class consumers in emerging nations also mostly consume poultry which is driving the segment growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the existence of significant livestock populations and their expansion. Along with rising per capita disposable income, the region's animal production for meat consumption is increasing. Rising domestic meat production and the growing consumer knowledge of the advantages of feed additives are witnessing huge growth in this region’s market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to its numerous aqua industries. It is the second-largest feed-producing country across the globe. This region follows strict rules in the use of antibiotics on farms. The huge production of poultry and aqua has tremendous growth. This region uses phytogenic feed as the alternatives for antibiotics which are driving the market growth.

Key players in the market

Some of the key players profiled in the Phytogenic Feed Market include DuPont, Delacon Biotechnik GmbH, Cargill Incorporated, Pancosma, Adisseo France SAS, NOR-FEED, Biomin GmbH, Dostofarm GmbH, Kemin Industries Inc, Phytobiotics Futterzusatzstoffe GmbH, Phytosynthese SARL, Natural Remedies, A&A Pharmachem Inc, Royal DSM, Bluestar Adisseo Company, EI Du Pont De Nemours, The Himalaya Drug Company, Synthite Industries Ltd, NUTREX BE and Silvateam SPA.

Key Developments:

In October 2020, Royal DSM, a worldwide science-based corporation focused on nutrition, health and sustainable living, finalized the €980 million acquisition of Erber Group. Biomin offers enzymes and adsorbents that help break down poisons found in feed, such as aflatoxins and ergot alkaloids.

In January 2020, Kemin Industries introduced VANNIXTM C4, a new phytogenic feed additive that complements Kemin Animal Nutrition and Health – North America's full portfolio of poultry gut health products. VANNIX C4 is a formulation of gut-health-fortifying ingredients that are designed as a cost-effective solution for producers. These products are to promote a healthy intestinal microbial balance and support the overall performance of the animal.

Ingredients Covered:
• Essential Oils
• Herbs
• Spices
• Other Ingredients

Livestocks Covered:
• Poultry
• Aquatic Animals
• Ruminant
• Swine
• Other Livestocks

Functions Covered:
• Palatability Enhancers
• Performance Enhancers
• Other Functions

Applications Covered:
• Digestibility
• Feed Intake
• Flavoring & Aroma
• Energy Effectiveness
• Stress Reduction
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements