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Global Phytogenic Feed Additive Market Overview

The Phytogenic Feed Additive Market estimated at USD 932.28 Million in the year 2023, is projected to reach a revised size of USD 1894.92 Million by 2032, growing at a CAGR of 8.20% over the analysis period 2024-2032

Phytogenic, Phyto-biotics or botanicals, are plant-derived products used as feed additives, to potentially increase the performance of animal husbandry. Studies have shown that photogenic, play an important role in increased feed uptake, improved gut function, anti-oxidant effects, and anti-microbial effects. Moreover, phytogenic feed additives have found increased use, over traditional feed additives as they don't have antibiotics and are 100% natural. Phytogenic additives also enhance the flavor of the feed and also aids in digestion. Moreover, using phytogenic feed additives, reduces ammonia emission from livestock, thereby reducing nitrogen pollution. The blue ridge in using phytogenic feed additives is that it suppresses the growth of harmful bacteria without the utilization of antibiotics, thereby boosting the growth of the phytogenic feed additive market during the forecast period. Globally the demand for organic meat is rising substantially, to meet this demand, the necessity of phytogenic feed additives has increased. Moreover, phytogenic feed additives are capable of reducing microbial threats and promoting intestinal health, which is a positive sign for optimal performance and profitability, thereby promoting the growth of the phytogenic feed additives market in the forecast period. According to BIOMIN, the market for phytogenic feed additives is going to increase from US$500 million in 2015 to US$2 billion by 2030, i.e., four times from its initial value in 2015.

PHYTOGENIC FEED ADDITIVE

Market Dynamics And Factors Of Phytogenic Feed Additive Market

Drivers:

Encapsulation Of Feed Additives

Phytogenic feed additives have shown positive effects on the livestock, by showing anti-microbial properties thus reducing the use of modern antibiotics and in turn reducing the cost of its purchase. Essential oils are sensitive substances, that lose their potency and efficiency, due to high temperature, significant odor, volatile, and oxidative properties. Encapsulated technology helps in the preservation of essential oils by increasing their shelf life, thereby protecting them from environmental changes. The growing need for nutritious and healthy food from livestock has driven the demand for the use of phytogenic feed additives. Moreover, there has been a significant increase in the muscle growth of livestock, used for rearing when phytogenic feed additives were used in supplementation, thereby driving the phytogenic feed additives market. Moreover, phytogenic feed additives do not interact with other supplements in the diet such as organic acids and antibiotics. The increasing population of pets is going to drive the market during the period of forecast.

Local Sourcing and Downstream Channel Network Development

Producers of feed additives obtained from various sources are drifting away from globalization trends. The world in recent times faced a lower threshold of interest for globalization and globally oriented business models. In addition, feed additives producers have also chosen a more localized strategy, wherein feed additives producers are highlighting country and region-specific sourcing of raw materials. Similarly, to shield their business from external forces and risky trade policies, most feed additives producing companies are building a local distribution network. Formerly, companies utilized to deflect sizable resources to purchase channel partners beyond a country operating limit. This market dynamic is switching and is more localized.

Restraints:

Negligence in Quality Control

Negligence in quality control is one of the factors that restrain the growth of phytogenic feed additives. Animal diet products are blended with essential oils and herbs, as essential oils cannot withstand high temperatures their use is highly restricted. Moreover, the natural raw materials used in essential oils or non-volatile extract contain differing levels of active compounds, which show inconsistent results when utilized, thus hampering the growth of the phytogenic feed additives market. Moreover, high prices of essential oils are one of the factors that have hindered the growth of the phytogenic feed additives market. The rise in global warming has affected the growth of plants which, are sources of essential oils, herbs, spices, and oleoresins, thus restraining the growth of the phytogenic feed additives market. Moreover, low awareness about phytogenic feed additives among the individual’s having livestock is restraining the growth of the phytogenic feed additives market.

Opportunities:

Increasing Population of Pet Owners

The developing economies have restricted the use of antibiotics, thereby supporting the expansion of the phytogenic feed additive market. The increase in concern of the pet owners, in the quality, safety, and source of the ingredients utilized in the manufacturing of the pet foods is providing opportunities for companies to come up with innovative feed products containing anti-microbial, anti-oxidant, and other qualities, that will help in keeping the pets healthy. Moreover, nowadays it has become a trend to keep pets, thereby increasing the population of pet owners significantly, increasing the opportunities for companies to come up with phytogenic food additives in their food segment.

Market Segmentation

Segmentation Analysis of Phytogenic Feed Additive Market

Based on the product, the essential oils segment is expected to dominate the phytogenic feed additive market during the forecast period. Essential oils find utilizations in feed for all livestock and are particularly beneficial in the large poultry feed industry. In the ruminant industry, the utilization of essential oils results in a marked reduction of nitrogen pollution by decreasing ammonia emissions. Moreover, Herbs and Spices is the second-largest phytogenic feed additive market share. Herbs and spices are utilized specially to improve the palatability of feed while improving digestibility. Better digestion enhances the overall health and weight of livestock.

Based on the livestock, the poultry segment is expected to dominate the phytogenic feed additive market throughout the projected period. With approximately 16 billion chickens across the globe and many millions of ducks and pheasants, the poultry industry is the largest in the world. The application of feed phytogenic has been shown to improve weight and decrease ammonia emissions of poultry, thereby boosting health. Broilers extremely consume phytogenic for better gut health and have a high feed conversion rate as compared to other kinds of livestock. In addition, poultry population growth, which has twice in the last two decades, as per the Food and Agriculture Organization of the United Nations (FAO), is augmenting the high growth rate of the poultry segment. Poultry in the Asia Pacific region is also observing an ever-increasing demand, as consumers in Taiwan and Indonesia are adding white meat instead of red meat to their diets.

Based on the form, the liquid segment is projected to account for the highest phytogenic feed additive market share over the forecast period. Essential oils are aromatic oily liquids, which are obtained from plant materials, such as leaves, fruits, flowers, and roots. The liquid form of phytogenic feed additives is primarily adopted, as it supports to improve feed consumption and utilization by animals, helps in the mixing of ingredients, resulting in uniformity of the final product, and offers proper dosage.

Based on the function, the phytogenic feed additive market is segmented into antimicrobial, antioxidant, palatability enhancers, insecticidal, anti-inflammatory, and improving gut function. When added to feed, they boost animal performance via major mechanisms, flavor properties that improve feed intake, a biological activity that aids digestion, and enhancing GIT health via modulation of the GIT microbiota The proposed drivers for these influences on performance are the antioxidant, anti-inflammatory and antimicrobial properties they exhibit.

Regional Analysis of Phytogenic Feed Additive Market

Asia Pacific region ex anticipated dominating the maximum phytogenic feed additive market share during the forecast period. The rising livestock sector in the Asia Pacific and the significant industrialization of the sector will turn the demand for feed phytogenic throughout the forecast period. The increasing consumer health concerns, especially in meat & dairy products, have resulted in the demand for natural feed additives in Asian countries, in turn, turning product demand and their growth rate. In addition, the rising number of feed production and feed mills, especially in emerging economies is further accelerating the industry in this region.

In Europe, the strict regulations on the application of synthetic feed additives are hastening the region's growth in the phytogenic feed additive market. Europe is expected to increase the demand for phytogenic feed additives and positively impact the growth of the industry over the projected period owing to rising applications of phytogenic feed additives in improving gut functioning to offer the meat-eating population with high-quality products.

Top Key Players Covered in Phytogenic Feed Additive Market

  • Cargill Incorporated (US)
  • Dupont De Nemours 
  • Bentoli (US)
  • BIOMIN (Austria)
  • DOSTOFARM Gmbh (Germany)
  • Phytobiotics Futterzusatzstoffe Gmbh (Germany)
  • Pancosma (Switzerland)
  • The Himalaya Drug Company (India)
  • Silvateam S.P.A. (Italy)
  • NOR-FEED VIETNAM CO. LTD (France)
  • INFOEMPRESA SL (Spain)
  • Bluestar Adisseo Co. Ltd. (China)
  • Natural Remedies (India)
  • Delacon Biotechnik Gmbh (Austria) and other major players.

Key Industry Development in Phytogenic Feed Additive Market

  • In March 2023, Indian Herbs announced the launch of a new product named HEATBEAT for poultry. This product is a combination of natural vitamin C, organic chromium complex, and mint. This launch helped the company in the expansion of its product portfolio.

Global Phytogenic Feed Additive Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2022

Market Size in 2023:

USD 932.28 Mn.

Forecast Period 2024-32 CAGR:

8.20%

Market Size in 2032:

USD 1894.92 Mn.

Segments Covered:

By Type

  • Essential Oils
  • Herbs
  • Spices
  • Oleoresins

By Livestock

  • Poultry
  • Cattle
  • Aquatic
  • Swine
  • Other Ruminants

By Form

  • Liquid
  • Dry

By Sources

  • Flower
  • Fruits
  • Leaves
  • Roots
  • Non-Aqueous Solvents from Plant Materials

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Encapsulation of Feed Additives Boosting the Market

Key Market Restraints:

  • Negligence in Quality Control

Key Opportunities:

  • Increasing Population of Pet Owners in Urban Cities

Companies Covered in the report:

  • Cargill Incorporated, Dupont De Nemours, Bentel, BIOMIN, DOSTOFARM Gmbh, Phytobiotics Futterzusatzstoffe Gmb and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Livestock
 3.3 By Form
 3.4 By Sources

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Phytogenic Feed Additive Market by Type
 5.1 Phytogenic Feed Additive Market Overview Snapshot and Growth Engine
 5.2 Phytogenic Feed Additive Market Overview
 5.3 Essential Oils
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Essential Oils: Grographic Segmentation
 5.4 Herbs
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Herbs: Grographic Segmentation
 5.5 Spices
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Spices: Grographic Segmentation
 5.6 Oleoresins
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Oleoresins: Grographic Segmentation

Chapter 6: Phytogenic Feed Additive Market by Livestock
 6.1 Phytogenic Feed Additive Market Overview Snapshot and Growth Engine
 6.2 Phytogenic Feed Additive Market Overview
 6.3 Poultry
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Poultry: Grographic Segmentation
 6.4 Cattle
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Cattle: Grographic Segmentation
 6.5 Aquatic
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Aquatic: Grographic Segmentation
 6.6 Swine
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Swine: Grographic Segmentation
 6.7 Other Ruminants
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Other Ruminants: Grographic Segmentation

Chapter 7: Phytogenic Feed Additive Market by Form
 7.1 Phytogenic Feed Additive Market Overview Snapshot and Growth Engine
 7.2 Phytogenic Feed Additive Market Overview
 7.3 Liquid
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Liquid: Grographic Segmentation
 7.4 Dry
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Dry: Grographic Segmentation

Chapter 8: Phytogenic Feed Additive Market by Sources
 8.1 Phytogenic Feed Additive Market Overview Snapshot and Growth Engine
 8.2 Phytogenic Feed Additive Market Overview
 8.3 Flower
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Flower: Grographic Segmentation
 8.4 Fruits
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Fruits: Grographic Segmentation
 8.5 Leaves
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Leaves: Grographic Segmentation
 8.6 Roots
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Roots: Grographic Segmentation
 8.7 Non-Aqueous Solvents from Plant Materials
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2016-2028F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Non-Aqueous Solvents from Plant Materials: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Phytogenic Feed Additive Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Phytogenic Feed Additive Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Phytogenic Feed Additive Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 CARGILL INCORPORATED
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 DUPONT DE NEMOURS
 9.4 BENTOLI
 9.5 BIOMIN
 9.6 DOSTOFARM GMBH
 9.7 PHYTOBIOTICS FUTTERZUSATZSTOFFE GMBH
 9.8 PANCOSMA
 9.9 THE HIMALAYA DRUG COMPANY
 9.10 SILVATEAM S.P.A.
 9.11 NOR-FEED VIETNAM CO. LTD
 9.12 INFOEMPRESA SL
 9.13 BLUESTAR ADISSEO CO. LTD.
 9.14 NATURAL REMEDIES
 9.15 DELACON BIOTECHNIK GMBH
 9.16 OTHER MAJOR PLAYERS

Chapter 10: Global Phytogenic Feed Additive Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Type
  10.2.1 Essential Oils
  10.2.2 Herbs
  10.2.3 Spices
  10.2.4 Oleoresins
 10.3 Historic and Forecasted Market Size By Livestock
  10.3.1 Poultry
  10.3.2 Cattle
  10.3.3 Aquatic
  10.3.4 Swine
  10.3.5 Other Ruminants
 10.4 Historic and Forecasted Market Size By Form
  10.4.1 Liquid
  10.4.2 Dry
 10.5 Historic and Forecasted Market Size By Sources
  10.5.1 Flower
  10.5.2 Fruits
  10.5.3 Leaves
  10.5.4 Roots
  10.5.5 Non-Aqueous Solvents from Plant Materials

Chapter 11: North America Phytogenic Feed Additive Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Essential Oils
  11.4.2 Herbs
  11.4.3 Spices
  11.4.4 Oleoresins
 11.5 Historic and Forecasted Market Size By Livestock
  11.5.1 Poultry
  11.5.2 Cattle
  11.5.3 Aquatic
  11.5.4 Swine
  11.5.5 Other Ruminants
 11.6 Historic and Forecasted Market Size By Form
  11.6.1 Liquid
  11.6.2 Dry
 11.7 Historic and Forecasted Market Size By Sources
  11.7.1 Flower
  11.7.2 Fruits
  11.7.3 Leaves
  11.7.4 Roots
  11.7.5 Non-Aqueous Solvents from Plant Materials
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Phytogenic Feed Additive Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Essential Oils
  12.4.2 Herbs
  12.4.3 Spices
  12.4.4 Oleoresins
 12.5 Historic and Forecasted Market Size By Livestock
  12.5.1 Poultry
  12.5.2 Cattle
  12.5.3 Aquatic
  12.5.4 Swine
  12.5.5 Other Ruminants
 12.6 Historic and Forecasted Market Size By Form
  12.6.1 Liquid
  12.6.2 Dry
 12.7 Historic and Forecasted Market Size By Sources
  12.7.1 Flower
  12.7.2 Fruits
  12.7.3 Leaves
  12.7.4 Roots
  12.7.5 Non-Aqueous Solvents from Plant Materials
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Phytogenic Feed Additive Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Essential Oils
  13.4.2 Herbs
  13.4.3 Spices
  13.4.4 Oleoresins
 13.5 Historic and Forecasted Market Size By Livestock
  13.5.1 Poultry
  13.5.2 Cattle
  13.5.3 Aquatic
  13.5.4 Swine
  13.5.5 Other Ruminants
 13.6 Historic and Forecasted Market Size By Form
  13.6.1 Liquid
  13.6.2 Dry
 13.7 Historic and Forecasted Market Size By Sources
  13.7.1 Flower
  13.7.2 Fruits
  13.7.3 Leaves
  13.7.4 Roots
  13.7.5 Non-Aqueous Solvents from Plant Materials
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Phytogenic Feed Additive Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Essential Oils
  14.4.2 Herbs
  14.4.3 Spices
  14.4.4 Oleoresins
 14.5 Historic and Forecasted Market Size By Livestock
  14.5.1 Poultry
  14.5.2 Cattle
  14.5.3 Aquatic
  14.5.4 Swine
  14.5.5 Other Ruminants
 14.6 Historic and Forecasted Market Size By Form
  14.6.1 Liquid
  14.6.2 Dry
 14.7 Historic and Forecasted Market Size By Sources
  14.7.1 Flower
  14.7.2 Fruits
  14.7.3 Leaves
  14.7.4 Roots
  14.7.5 Non-Aqueous Solvents from Plant Materials
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Phytogenic Feed Additive Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Essential Oils
  15.4.2 Herbs
  15.4.3 Spices
  15.4.4 Oleoresins
 15.5 Historic and Forecasted Market Size By Livestock
  15.5.1 Poultry
  15.5.2 Cattle
  15.5.3 Aquatic
  15.5.4 Swine
  15.5.5 Other Ruminants
 15.6 Historic and Forecasted Market Size By Form
  15.6.1 Liquid
  15.6.2 Dry
 15.7 Historic and Forecasted Market Size By Sources
  15.7.1 Flower
  15.7.2 Fruits
  15.7.3 Leaves
  15.7.4 Roots
  15.7.5 Non-Aqueous Solvents from Plant Materials
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Phytogenic Feed Additive Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2022

Market Size in 2023:

USD 932.28 Mn.

Forecast Period 2024-32 CAGR:

8.20%

Market Size in 2032:

USD 1894.92 Mn.

Segments Covered:

By Type

  • Essential Oils
  • Herbs
  • Spices
  • Oleoresins

By Livestock

  • Poultry
  • Cattle
  • Aquatic
  • Swine
  • Other Ruminants

By Form

  • Liquid
  • Dry

By Sources

  • Flower
  • Fruits
  • Leaves
  • Roots
  • Non-Aqueous Solvents from Plant Materials

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Encapsulation of Feed Additives Boosting the Market

Key Market Restraints:

  • Negligence in Quality Control

Key Opportunities:

  • Increasing Population of Pet Owners in Urban Cities

Companies Covered in the report:

  • Cargill Incorporated, Dupont De Nemours, Bentel, BIOMIN, DOSTOFARM Gmbh, Phytobiotics Futterzusatzstoffe Gmb and other major players.
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Frequently Asked Questions :

What would be the forecast period in the Phytogenic Feed Additive Market research report?

The forecast period in the Phytogenic Feed Additive Market research report is 2024-2032.

Who are the key players in Phytogenic Feed Additive Market?

Cargill Incorporated, Dupont De Nemours, Bentel, BIOMIN, DOSTOFARM Gmbh, Phytobiotics Futterzusatzstoffe Gmbh, Pancosma, The Himalaya Drug Company, Silvateam S.P.A., NOR-FEED VIETNAM CO. LTD, INFOEMPRESA SL, Bluestar Adisseo Co. Ltd., Natural Remedies, Delacon Biotechnik Gmbh and Others major players.

What are the segments of the Phytogenic Feed Additive Market?

The Phytogenic Feed Additive Market is segmented into Type, Livestock, Form, Sources and Region. By Type, the market is categorized into Essential Oils, Herbs, Spices, Oleoresins. By Livestock, the market is categorized into Poultry, Cattle, Aquatic, Swine, Other Ruminants. By Form, the market is categorized into Liquid, Dry. By Sources, the market is categorized into Flower, Fruits, Leaves, Roots, And Non-Aqueous Solvents from Plant Materials. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Phytogenic Feed Additive Market?

Phytogenic, Phyto-biotics or botanicals, are plant-derived products used as feed additives, to potentially increase the performance of animal husbandry. Studies have shown that photogenic, play an important role in increased feed uptake, improved gut function, anti-oxidant effects, and anti-microbial effects.

How big is the Phytogenic Feed Additive Market?

The Phytogenic Feed Additive Market estimated at USD 932.28 Million in the year 2023, is projected to reach a revised size of USD 1894.92 Million by 2032, growing at a CAGR of 8.20% over the analysis period 2024-2032