Feed Phytogenics Market Analysis

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.