Feed Phytogenics Market Demand, Size, Share & Forecast 2032

Feed Phytogenics Market Insights

According to the report published by Zion Market Research, the global Feed Phytogenics Market size was valued at USD 745.68 Million in 2023 and is predicted to reach USD 981.48 Million by the end of 2032. The market is expected to grow with a CAGR of 3.1% during the forecast period. The report analyzes the global Feed Phytogenics Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Feed Phytogenics industry.

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Global Feed Phytogenics Market: Overview

The feed phytogenics are natural growth promoters (NGPs) extracted from plant sources like spices, herbs, and other plants. These are suitable substitutes for antibiotic growth promoters due to the involved risks affecting both environment and humans. Feed phytogenic have positive effects on livestock health owing to the anti-oxidative and anti-microbial effects. The incorporation of feed phytogenic has resulted in the prevention of diarrhea, increased feed intake, and improved gut function in livestock. The study of phytogenics is gaining popularity among nutritionists, feed manufacturers, livestock producers, and scientists due to the broad spectrum and holistic efficacy.

Global Feed Phytogenics Market: Growth Factors

The demand for feed phytogenics has increased as it aids in protecting feed lipids from undergoing oxidative damage. There are several properties of feed phytogenic like antimicrobial, antiviral, and antifungal benefits that facilitate in promoting growth, enhancing palatability, and improving gut function. Feed phytogenic are broadly available as essential oils and extracts. The major factors driving the global feed phytogenics market are increasing livestock and increasing per capita income. The soaring demand for organic meat is also fueling the growth of the global feed phytogenics market. The increasing rules and regulations from the government regarding the ban on antibiotics are supporting the growth of the market globally. The ongoing technological advancements like the encapsulation of active ingredients have boosted the demand due to the high efficiency of feed phytogenics.

Encapsulation is a new technology that aids in extending the shelf life of essential oils by protecting them against environmental changes by keeping them in solid, gaseous, or liquid packed within a small millimetric capsule. Apart from protecting the external environment factor, encapsulation regulates some other key advantages like stability and improved performance of livestock. The growing concern for pets regarding the sources, safety, and quality of ingredients used in the manufacturing of the food will also drive market growth. Additives are vital ingredients in improving the quality of the food of the pets. The companies are launching innovative products comprised of naturally sourced ingredients like microbes and plants to expand the market.

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Global Feed Phytogenics Market: Segmentation

The global feed phytogenics market can be segmented into form, function, source, livestock, type, and region.

By form, the market can be segmented into liquid and dry. The liquid segment holds hegemony over others due to its efficiency in boosting feed consumption in animals and the advantage of adding homogeneity in end-products.

By function, the market can be segmented into palatability enhancers, antimicrobial properties, performance enhancers, and others.

By sources, the market can be segmented into fruits & vegetables, flowers, and herbs & spices. The herbs & spices segment holds the largest share in the global feed phytogenics market due to its flavors and medicinal properties. The ban on using antibiotics further boosted the growth of the segment. They are gaining extensive attention because they do not have any negative impact on the health of animals.

By livestock, the market can be segmented into aquatic animals, ruminants, swine, poultry, and others. The swine segment holds hegemony over others because pork is the most consumed meat type across the globe.

By type, the market can be segmented into oleoresins, saponins, flavonoids, essential oils, and others.

Feed Phytogenics Market: Report Scope

Global Feed Phytogenics Market: Regional Analysis

Europe accounts for the largest share of the global feed phytogenics market. The ban on the utilization of antibiotics is the primary factor for the growth of the regional market.

Asia Pacific is anticipated to witness huge growth with a high CAGR due to the increasing demand for dairy products like cheese and milk in the region. Changing consumer patterns and lifestyles coupled with technological advancements in the region further boost the market growth.

Global Feed Phytogenics Market: Competitive Players

Some of the significant players in the global feed phytogenics market are;

• Synthite Industries Ltd.
• Silvateam S.p.a.
• Phytosynthese
• Natural Herbs & Formulations
• Phytobiotics Futterzusatzstoffe GmbH
• Pancosma
• Kemin Industries, Inc.
• Delacon Biotechnik GmbH
• Bluestar Adisseo Co., Ltd.
• A&A Pharmachem Inc.
• Himalaya
• Unique Organics
• Biomin GmbH
• Akay Group
• Indian Herbs Specialties
• Delacon Biotechnik GmbH
• Vinayak Ingredients
• Dostofarm GmbH
• Natural Remedies Pvt. Ltd.
• Nor-Feed
• Ayurvet Limited

The global feed phytogenics market is segmented as follows;

Global Feed Phytogenics Market: By Form Segment Analysis

• Liquid
• Dry

Global Feed Phytogenics Market: By Function Segment Analysis

• Palatability Enhancers
• Antimicrobial Properties
• Performance Enhancers
• Others

Global Feed Phytogenics Market: By Sources Segment Analysis

• Fruits & Vegetables
• Flowers
• Herbs & Spices

Global Feed Phytogenics Market: By Livestock Segment Analysis

• Aquatic Animals
• Ruminants
• Swine
• Poultry
• Others

Global Feed Phytogenics Market: By Type Segment Analysis

• Oleoresins
• Saponins
• Flavonoids
• Essential Oils
• Others

Global Feed Phytogenics Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.