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Feed Phytogenics Market Size
Feed Phytogenics Market size valued at USD 730 million in 2022 and is projected to exhibit a 3% CAGR between 2023 and 2032, owing to the growing concerns about antibiotic resistance in animals.
Antibiotics are being extensively administered to improve the health and growth performance of poultry, swine, ruminant, and other livestock. The adoption of antibiotic growth promoters, however, has become limited, considering the high concern over antibiotic resistance. For example, the EU government banned the utilization of AGPs as feed additives, thereby bolstering the demand for phytogenic feed additives. Antibiotics can also negatively impact gut microbiota, further leading to a shift toward the use of natural plant extracts in animal feed additives.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 730 million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3% |
| 2032 Value Projection: | USD 1,010 million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 325 |
| Tables, Charts & Figures: | 265 |
| Segments covered: | Product, Livestock, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
With the growing prevalence of zoonotic diseases, the consumption of plant-derived feed additives is expected to rise and create lucrative prospects for feed phytogenic producers. However, the lack of systematic evaluations of feed antibiotic substitutes may hinder the feed phytogenic market demand. Due to complex compositions, systematic evaluations of the safety and efficacy of compounds also remain a challenge. Furthermore, side effects including toxicity and regulatory concerns may limit phytogenics compound production.
Feed Phytogenics Market Analysis
The feed phytogenic market size from the swine livestock segment will reach USD 375 million by 2032, on account of the growing pork intake as a protein and vitamin source. As per the OECD/FAO projection, global pork demand is set to rise from 110.5 million metric tons during 2019-2021 to 128.9 million metric tons in 2031. Furthermore, the high awareness about the role of feed phytogenics in maximizing pig milk yield and the ban on feed antibiotics will drive the market growth.
Based on the product, the feed phytogenics market share from the essential oils segment is set to register more than 3% CAGR through 2032. Feed phytogenics derived from essential oils can help improve ruminant performance, reduce rumen ammonia production, and increase protein. The product, consisting of active ingredients produced in nature-identical form, can also support swine farmers in achieving the maximum weight gain among pigs. These factors, alongside the emergence of essential oil extraction as the most predominant plant processing technique, will contribute to the ingredient’s use in phytogenic feed additives.
The Asia Pacific feed phytogenics market value is anticipated to witness over 3% CAGR during the forecast timeline, driven by increasing livestock production. Meat consumption trends have also become more prominent across South Asian countries, including India. According to the Foreign Agricultural Service of the USDA, in 2023, pork production is set to rise to 1.3 million MT in Japan. These factors, along with the rapid cattle stocks and dairy sector expansion, will augment the consumption of feed phytogenics to boost animal health and produce quality meat.
Feed Phytogenics Market Share
Prominent participants operating across the feed phytogenics market include
- Devenish Nutrition
- EW Nutrition GmbH
- Dodson & Horrell
- PMI Additives
- Cargill
- DSM
- ADM
- ROHA A JJT Group
- Vinayak Ingredients
- AVT Natural Products
- Norex Flavors Pvt. Ltd.
- Ayurvet Limited
- Natural Herbs & Formulations
- Indian Herbs Specialities Pvt. Ltd.
- Dostofarm GmbH
- Nutricare Life Sciences Limited
- Natural Remedies Pvt. Ltd
- Delacon Biotechnik GmbH
- DowDuPont
- Phytobiotics Futterzusatzstoffe GmbH
These companies are incorporating strategies such as product range expansions to reinforce their presence in the industry.
For instance, in April 2019, Phytobiotics Futterzusatzstoffe introduced an organic trace mineral line under the Plexomin brand. The company also presented the latest finding under the Sangrovit brand that improves gut health and feed efficiency. This initiative was taken to enhance its product portfolio and expand its footprint across the global market.
Impact of COVID-19 Pandemic
Unprecedented impacts of the COVID-19 pandemic have been witnessed among the businesses of global livestock farmers. However, several funding programs have been introduced to limit the pandemic-induced impacts. For instance, in 2022, the World Bank announced a range of emergency funding to support poultry and dairy farmers and generate awareness about the virus in Bangladesh. Such initiatives to aid small-scale farmers will lead to increased poultry farming and complement the industry growth.
This feed phytogenics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product
- Essential Oils
- Herbs & Spices
- Oleoresins
- Others
Market, By Livestock
- Poultry
- Swine
- Ruminant
- Aquatic
- Equine
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Belgium
- Netherlands
- Poland
- Asia Pacific
- China
- India
- Japan
- Indonesia
- Philippines
- South Korea
- Taiwan
- Thailand
- Vietnam
- Australia
- Malaysia
- Latin America
- Brazil
- Argentina
- Peru
- Chile
- Columbia
- Middle East & Africa
- Nigeria
- South Africa
- Turkey
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