info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Feed Phytogenic Market Share

ID: MRFR//6712-CR | 111 Pages | Author: Snehal Singh| July 2021

feed phytogenic market is witnessing several notable trends that are shaping its trajectory and size. Phytogenics, derived from plants and herbs, are gaining increasing attention in animal nutrition due to their potential benefits in improving animal health, performance, and feed efficiency. One prominent trend in the feed phytogenic market is the growing demand for natural feed additives. With consumers becoming more conscious of food safety, environmental sustainability, and animal welfare, there's a rising preference for natural and sustainable alternatives to conventional feed additives, such as antibiotics and synthetic growth promoters. Phytogenics offer a natural solution to support animal health and production without the drawbacks associated with synthetic additives, driving their adoption in animal feed formulations.

Additionally, increasing regulatory scrutiny and restrictions on the use of antibiotics and synthetic growth promoters in animal feed are driving market growth for feed phytogenics. Governments worldwide are implementing stricter regulations and guidelines to reduce the reliance on antibiotics in livestock production and mitigate the risk of antibiotic resistance. As a result, there's a growing need for alternatives that can support animal health and performance while complying with regulatory standards. Phytogenics, with their natural origins and potential antimicrobial, anti-inflammatory, and digestive-enhancing properties, are well-positioned to fill this gap and gain traction in the animal nutrition market.

Another notable trend is the focus on gut health and digestive performance in animal production. The gastrointestinal tract plays a crucial role in nutrient digestion, absorption, and immune function in animals. Phytogenics have been shown to support gut health by promoting the growth of beneficial gut microflora, improving intestinal integrity, and enhancing nutrient utilization. As a result, there's increasing interest among farmers and feed manufacturers in incorporating phytogenic feed additives into animal diets to optimize gut health, reduce digestive disorders, and improve overall performance. This trend is particularly relevant in livestock production systems where digestive health is a key determinant of productivity and profitability.

Technological advancements and innovations in phytogenic formulations are also driving market trends in the feed phytogenic market. Manufacturers are investing in research and development to improve the efficacy, stability, and bioavailability of phytogenic compounds in animal feed. Advanced extraction techniques, encapsulation technologies, and delivery systems enable the targeted release of active phytochemicals in the digestive tract, maximizing their benefits for animal health and performance. Furthermore, the integration of phytogenics with other functional ingredients, such as probiotics, prebiotics, and enzymes, enhances their synergistic effects on gut health and nutrient utilization, driving demand for multi-functional feed additives.

Moreover, market trends in the feed phytogenic market are influenced by shifting dietary preferences and consumer demands. With increasing awareness of the link between diet, health, and sustainability, there's growing demand for animal products derived from animals raised on natural, antibiotic-free diets. Phytogenics offer a natural solution to support animal health and reduce the need for synthetic additives, aligning with consumer preferences for sustainable and ethically produced animal products. Consequently, there's a rising interest among livestock producers and integrators in incorporating phytogenic feed additives into animal diets to meet consumer demand for healthier and more environmentally friendly animal products.

Market dynamics are also shaped by macroeconomic factors such as feed ingredient prices, commodity markets, and currency exchange rates. Fluctuations in feed ingredient costs can impact the affordability and adoption of phytogenic feed additives, particularly in regions where feed represents a significant portion of production costs. Additionally, changes in commodity markets, such as grains and oilseeds, can affect livestock production profitability and the willingness of farmers to invest in value-added feed additives like phytogenics. Moreover, currency exchange rate fluctuations can impact the competitiveness of phytogenic suppliers in global markets, affecting pricing strategies and market share.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2020
Forecast Period 2021-2028
Growth Rate  6.10% (2021-2028)

Global Feed Phytogenic Market  Outlook


Feed phytogenic Market is projected to register a CAGR of 6.10% and reach a value of USD 1.15 Billion by 2028. 


Feed phytogenic is a combination of plant-based substances added to animal diets for various purposes such as antimicrobial effect, digestibility enhancement, and performance improvement. These substances are known to have a range of bioactive properties. Feed phytogenic can be delivered to the animal body via water or feed. Increasing demand for natural feed additives & negative preference towards feed antibiotics drove the growth of the global feed phytogenic market. Furthermore, the growth of the aquaculture industry & increasing demand for livestock products is further expected to witness the growth of the global feed phytogenic market during the forecast period. However, the availability of substitutes is expected to hinder market growth in the coming years.


COVID-19 Impact Analysis


The outbreak of COVID-19 has resulted in lockdown across regions, border restrictions, and breakdown of transportation networks. The economic uncertainty due to the COVID-19 outbreak is much higher than past outbreaks such as severe acute respiratory syndrome (SARS), avian flu, swine flu, bird flu, and Ebola, owing to the escalating number of infected people and the uncertainty about the end of the crisis.


With the outbreak, there was a spike in essential goods such as sanitizers and masks, and household essentials like toilet paper and bread were stocked up by customers. Most of the customer's budget was shifted to essential goods, and a major downfall in non-essential businesses was observed. As more cities went into lockdown, non-essential businesses were ordered to remain closed during the first half of the pandemic. The COVID-19 pandemic has severely impacted the out-of-home activities with border restrictions and government orders for lockdown, forcing people to stay home. Schools, colleges, and institutions were shut, and corporates across the globe observed work from home. These factors negatively impacted the sales of feed phytogenic during the pandemic. However, with the situation getting back to normal, the demand for feed phytogenic is expected to increase gradually.


Market Dynamics


The global feed phytogenic market has witnessed a significant growth rate over the last few years and is projected to register a 6.10% CAGR during the forecast period. Feed phytogenic are derived from natural sources for livestock feed. Increasing demand for natural feed additives along with negative preference towards feed antibiotics are the key factors driving the growth of the global feed phytogenic market. Additionally, increasing demand for livestock products is driving the market growth. However, the availability of substitute products is hampering the growth of the market. The global feed phytogenic market is estimated to emerge as a lucrative market for vendors operating in developed and developing economies due to the emergence of new technologies such as encapsulation and increasing demand for organic and safe meat.


Drivers



  • Increasing Demand for Natural Feed Additives


Natural feed additives such as feed phytogenic promote the growth, health, indigestion, absorption, and assimilation of nutrients. They also affect physiological processes such as reproduction, immune function, and stress resistance. These plant-derived compounds are incorporated in animal feed to improve livestock productivity through the amelioration of feed properties and promotion of the animal’s production performance. Moreover, feed phytogenic also gives a specific flavor or scent to the feed as they contain a cocktail of numerous active principles. Feed phytogenic are known for their flavoring properties, thus having an impact on the palatability of diets. They exert a range of distinct biological properties, therefore having the potential to affect gut health and increase performance positively. The plant-derived compounds have been gaining close attention from livestock feeders because of the ban on antibiotics from many countries. Apart from that, the wide availability of products from different manufacturers is expected to drive the demand for feed phytogenic in the global market.


Restraint



  • Availability Of Substitutes


The demand for feed phytogenic is increasing among farmers and growers of livestock as a solution to enhance the quality of feed. However, there are several substitutes available in the market, such as probiotics, prebiotics, additives, and enzymes. Probiotics used in animal feed are globally referred to as direct-fed microbial (DFM). It refers to the feeding of beneficial microbes to livestock to improve their health. The significant parameters on which DFM has a positive impact are milk yield, growth, digestion, rumen fermentation, and overall health. The most widely used DFM in animal feed are Lactobacillus, Bifidobacterium, Bacillus, Streptococcus, and Enterococcus. Prebiotics enhance the performance of an animal by improving feed conversion and daily weight gain. It also improves digestive problems and promotes the general health of livestock animals and pets.


Opportunities



  • Emergence Of New Technologies Such as Encapsulation


Feed phytogenic offer several benefits to livestock health. However, it is difficult to properly process the feed. Feed phytogenic might lose their efficiency and effectiveness owing to several factors like high temperatures and unclean environments. Players in the market are incorporating new technologies to enhance efficiency and effectiveness. Encapsulation technology is gaining massive acceptance among manufacturers. This technology helps improve its release and offers a longer shelf life by protecting it from the external environment. Feed phytogenic comes in capsule form after incorporating the encapsulation technique. Encapsulation releases higher quantities of feed phytogenic into the animal’s gastrointestinal (GI), ensuring a healthy gut and leading to improved growth performance.


Segment Overview


By Type


Based ontype, the global feed phytogenicmarket has beendivided into essential oils, herbs &spices, oleoresins, others. The essential oils segment accounted for the largest market share in 2020, while herbs & spices is expected to register the highest CAGR of 9.34% during the forecast period.


By Function


By function, the global feed phytogenic market has been segmented as performance enhancer, palatibility enhancer, and others. The palatibility enhancer segment is projected to exhibit the highest CAGR of 9.34% during the forecast period. Phytogenic feed additives are also known as natural performance enhancers. The growth-promoting properties of feed phytogenic such as essential oils, herbs & spices, and oleoresins are expected to drive the market demand. Essential oils have the potential to increase the palatability of diets, thus stimulating voluntary feed consumption in livestock.


By Livestock


Based on distribution channel, the global feed phytogenic market has been segmented into poultry, swine, ruminants, aquaculture, and others.The poultry segment accounted for the largest market share of 42.97% in 2020 and is expected to register a 9.37% CAGR during the review period. The consumption of feed phytogenic supports the gut health, growth performance, promote feed intake, feed conversion ratio in hot and humid condition, and supports the resilience of poultry to mitigate the specific effects of heat stress. The increasing demand for egg and poultry meat is expected to drive the demand for feed phytogenic among poultry.


Global Feed phytogenicMarket Share, by Region, 2020 (%)Sources: MRFR Analysis


global feed phytogenic market share, by region 2020


Regional Analysis


B region, the global feed phytogenicmarket has been dividedinto North America, Europe, Asia-Pacific, Rest of the World.Europe accounted for the largest market share of 33.23% in 2020. North America was the second-largest market in 2019 and is projected to exhibit a CAGR of 9.17% during the review period.The market in Asia-Pacific is expected to register the highest CAGR during the forecast period.


North America Market


North America is an attractive region among the manufacturers of feed phytogenic. The region accounted for 28.30% of the market in 2020 and is anticipated to reach USD 458.03 million by 2028. In North America, the US is the major contributor to the growth of the feed phytogenic market and is the second-largest feed-producing country across the globe. In 2017, the Food and Drug Administration (FDA) brought in new rules sharply curtailing the routine use of antibiotics on farms across the US. This increased the demand for feed phytogenic, considering it one of the alternatives for antibiotics. In this region, the production of poultry feed is increasing at a tremendous rate based on escalating broilers population. Moreover, aqua is a potential industry in this region for which the number of fisheries has increased.


Europe Market


Europe dominated the global feed phytogenic market with a share of 33.23% in 2020. In 2006, the use of AGPs in animal feed was banned in the EU, and regulations are implemented to reduce the use of therapeutic antibiotics. This led to an opportunistic market for feed phytogenic manufacturers. The feed industry in Europe has grown significantly in the last few years.


Competitive Landscape


The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach across the globe with diverse product portfolios. Companies such as Biomin GmbH, Cargill, Incorporated, DuPont, Kemin Industries, Inc., and Bluestar Adisseo Companydominate the global market due to brand reputation, product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.


Prominent players in the global feed phytogenic market include Biomin GmbH (Austria), Cargill, Incorporated (US), DuPont (US), Kemin Industries, Inc. (US), Bluestar Adisseo Company (China), Phytobiotics Futterzusatzstoffe GmbH (Germany), Synthite Industries Ltd. (India), The Himalaya Drug Company (India), Pancosma (Switzerland), ostofarm GmbH (Germany), Delacon Biotechnik GmbH (Austria), NOR-FEED (France), Phytosynthese (France), IGUSOL S.A. (Spain), Natura Feed Ingredients (US), Silvateam S.p.a. (Italy), NUTREX BE (Japan), A&A Pharmachem Inc. (Canada), and Natural Remedies (India).


Recent Developments


Few developments occurred in recent times, influencing the market growth of feed phytogenic are listed below:


 




  • In 2023, Cargill's acquisition of phytogenic producer Delacon in June 2022 has increased the scope and velocity of innovation in the US company's feed additive sector, allowing for synergistic new product development, according to an executive.Cargill was already present in the phytogenic feed additive field, thus acquiring Delacon and integrating the two firms' expertise resulted in a global market leader.




  • Biomin, an animal nutrition firm, plans to become the market leader in phytogenic feed additives in 2016 and will introduce a new phytogenic product at VIV Asia. This was disclosed at a press conference immediately before the start of Biomin's biannual event, the 2016 World Nutrition Forum, which is currently taking place in Vancouver.



  • In October 2020, Phytosyn these launched PHYTO AX' CELL, a new product for managing inflammatory reactions in animals. This unique blend combines green propolis, known to regulate immune responses, and a blend of specifically selected and titrated plants for their immunomodulatory activity and their ability to limit the inflammatory and pro-oxidative process.

  • In August 2020,Delacon announced the launch of Syrena Boost, a phytogenic solution specifically designed for gut performance and productivity of aquaculture practices. With this, the company enters into the aqua market.

  • In June 2020, DOSTOFARM introduced its new PHYTOsolvan, which is a new line of natural solutions for respiratory support. These are the essential oils and extracts which are produced by using the herbs of traditional medicine.


Scope of the Report


Global Feed Phytogenic Market, byType



  • Essential Oils

  • Herbs & Spices

  • Oleoresins

  • Others


Global Feed Phytogenic Market, by Category



  • Performance Enhancer

  • Palatibility Enhancer

  • Others


Global Feed Phytogenic Market, by Livestock



  • Poultry

  • Swine

  • Ruminants

  • Aquaculture


    • Others



Global Feed Phytogenic Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • UK

    • France

    • Spain

    • Italy

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • South America




Intended Audience



  • Essential Oils Manufacturers

  • Herbs & Spices Manufacturers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.