- Essential oils
- Herbs & spices
Feed Phytogenics Market size was valued at USD 692 million in 2022, growing at a CAGR of 4.1% from 2023- 2029. Feed phytogenic are the several varieties of plant-derived products like spices, herbs which are used as animal feed for the better performance of livestock. Feed phytogenics have antioxidant property and protect feed lipids from the oxidative damage. Other benefits of feed phytogenics are antiviral, antifungal, antimicrobial etc. Feed phytogenic are available in ground or dried forms or like essential oils or extracts. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyze the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Feed Phytogenics Market Key Developments:
In 2017 July, Delacon and Cargill entered into a strategic partnership to produce and market natural and plant-based feed additives on a global scale. In 2017 March, Biomin launched its innovative next generation feed phytogenic Digestarom.
Fastest Growing Market
Intense practice of selective breeding and growing awareness among the consumers regarding the quality of the meat and increased consumption of meat around the world are the major driving factors of the market. Furthermore, growing demand for nutritive feed, increasing number of livestock, sustainable animal nutrition products, growing management of feed operating costs are expected to improve revenue share of the feed phytogenics. However, lack of efficacy of these products because of their complex nature and unpleasant taste and odour will hamper the growth of the Global feed phytogenics market.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.