- Oleoresins
- 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.
Global Feed Phytogenics Market Summary
Study Period
2023-29
Base Year
2022
CAGR
4.1%
Largest Market
Asia Pacifc
Fastest Growing Market
Europe
Feed Phytogenics Market Dynamics
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.
Feed Phytogenics Market Regional Analysis
Asia Pacific dominates the market
APAC region is projected to acquire a relatively high market share in feed phytogenics market globally owing to the continuous investments by the manufacturers to expand their geographical presence in emerging economies. Europe is anticipated to show rapid growth inthe market due to a ban of antibiotic feed additives by the European Union. North America is also experiencing rapid growth in production capacity of phytogenic feed as a rising demand for the poultry products.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Feed Phytogenics Market Segmentation
By Type
By Livestock
- Ruminants
- Swine
- Equine
- Poultry
- Canine
- Faline
- Aquaculture
By Function
- Palatability enhancers
- Performance Enhancers
By Geography
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Frequently Asked Questions
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.
- Dupont (U.S.)
- Cargill, Inc. (U.S.)
- Phytosynthese (France)
- Kemin Industries, Inc. (U.S.)
- BIOMIN Holding GmbH (Austria.)
- Delacon Biotechnik GmbH (Austria)
- PANCOSMA SA (Switzerland)
- DOSTOFARM GmbH (Germany)
- Phytobiotics Futterzusatzstoffe GmbH (Germany)
- A&A Pharmachem Inc. (Canada).