Feed Phytogenics Market to grow with a CAGR of 6.05% through 2030F
Increasing healthcare infrastructure and a supportive
regulatory environment are the major drivers for the Global Feed Phytogenics
Market.
According to TechSci Research report, “Feed
Phytogenics Market - Global Industry Size, Share, Trends, Competition, Opportunity and
Forecast, 2020-2030F”, Global Feed Phytogenic Market has valued at USD 740.01 million in 2024 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 6.05%. This can be due to collaborations and partnerships among leading
companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
The global expansion of animal agriculture is indeed a
significant driver for the Global Feed Phytogenic Market. The continued growth
of the livestock and poultry industries worldwide creates a substantial demand
for feed additives, including phytogenics. As the global population continues
to grow, so does the demand for animal-based protein products, such as meat,
dairy, and eggs. This drives the expansion of animal production in various
regions, which, in turn, leads to increased demand for additives that can
improve animal health and performance. Modern animal agriculture often involves
intensive farming practices to meet the growing demand for animal products.
These practices can lead to challenges such as stress, disease susceptibility,
and digestive issues in animals. Phytogenic additives are used to mitigate
these challenges and optimize animal production in intensive systems.
Phytogenic additives are known to enhance feed efficiency by promoting better
nutrient utilization and feed conversion ratios. This is particularly valuable
in intensive animal production systems, where maximizing production with
minimal resources is essential.
Consumer expectations can pose challenges for the Global Feed Phytogenic Market. As consumers become more conscious of the food they consume and the production practices behind it, their expectations play a significant role in shaping the market for feed phytogenic additives. Consumers increasingly prefer natural and sustainable animal products. This preference drives the adoption of feed additives like phytogenics, which are considered natural and environmentally friendly. However, meeting these expectations requires sustainable sourcing of ingredients and adherence to eco-friendly production practices. Ensuring the safety and quality of animal products is a top priority for consumers. Any feed additive, including phytogenics, must meet rigorous safety and quality standards to maintain consumer trust. This includes adherence to regulatory guidelines and quality control measures throughout the supply chain. Consumers are increasingly concerned about animal welfare and humane treatment. Phytogenic additives are expected to contribute to improved animal health and well-being.
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Global Feed Phytogenics Market segmentation is based on sub
additive, animal, and region.
Based on Sub Additive, Global Feed Phytogenics Market is
segmented into Essential Oil, Herbs & Spices, and others. Herbs and
spices feed phytogenics are a subset of feed phytogenic additives that
specifically utilize plant-based herbs and spices for their beneficial effects
in animal nutrition. These natural ingredients are known for their aromatic and
flavorful properties and have been used for centuries in human diets. When
incorporated into animal feed, herbs and spices can provide various health and
performance benefits. Herbs and spices feed phytogenics and are often used as
natural alternatives to antibiotics in animal nutrition. They can help support
animal health without relying on antibiotics, addressing concerns about
antibiotic resistance. The use of herbs and spices aligns with sustainability
goals in animal agriculture because they are natural and renewable plant
resources. They offer a more environmentally friendly alternative to synthetic
additives.
Based on Region, North America region to fastest growth in
the Global Feed Phytogenics Market. North America has a growing livestock and
poultry sector, including beef and dairy cattle, poultry, swine, and
aquaculture. The expansion of these industries creates increased demand for
feed additives to support animal health and performance. Rising incomes and
urbanization in North America are leading to increased meat consumption. As a
result, there is a need to enhance the efficiency and productivity of animal
production to meet the growing demand for meat and animal protein products.
This region’s consumers and producers are increasingly interested in natural
and sustainable practices in agriculture. Phytogenic feed additives, derived
from plant-based sources, align with these preferences for natural and
eco-friendly solutions.
Some of the major companies operating in the Global
Feed Phytogenics Market include:
· Adisseo
Espana SA
· Alltech,
Inc.
· Borregaard
AS
· Cargill
Inc.
· DSM
Nutritional Products AG
· IFF
(Danisco Animal Nutrition)
· Kemin
Industries Inc.
· Land
O'Lakes Inc.
· Marubeni
Corporation (Orffa International Holding B.V.)
· Prinova
Group LLC
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“North America is expected to show strong demand for feed
phytogenics, driven by increasing focus on animal health and sustainable
nutrition. The region's well-established market players and competitive
landscape are playing a crucial role in this growth. Many of these companies
are actively investing in innovative, plant-based feed solutions aimed at
improving animal performance and overall human well-being. Their continued
commitment to developing natural alternatives to synthetic additives is anticipated
to significantly boost the global feed phytogenics market during the forecast
period, positioning it for substantial expansion across key regions with rising
awareness of feed quality and safety", said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based Global management consulting
firm.
"Feed Phytogenic Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Sub Additive (Essential Oil, Herbs & Spices, others), by Animal (Aquaculture, Poultry, Ruminants, Swine, others), By Region & Competition, 2020-2030F" evaluated the
future growth potential of Global Feed Phytogenics Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Feed Phytogenics Market.
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