USD 867.07 million
Phytogenic Feed Additives Market Size, Share, Growth Analysis, By Type(Essential oils, Flavonoids, Oleoresins, Saponins), By Livestock(Poultry [Broilers, Layers, Turkey, Others]), By Form(Dry, Liquid), By Source(Herbs & spices, Fruits & vegetables, Flowers), By Function(Performance enhancers, Antimicrobial properties, Palatability enhancers, Others), By Packaging(Flexible, Rigid, Others), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2077 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
62
|Figures:
75
Phytogenic Feed Additives Market Insights
Phytogenic Feed Additives Market size was valued at USD 867.07 million in 2019 and is poised to grow from USD 940 million in 2023 to USD 1780 million by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).
Phytogenic feed additives, also known as plant-based feed additives, are natural substances derived from herbs, spices, and other plants that are added to animal feed to improve animal health and performance. These additives are used as alternatives to synthetic feed additives, such as antibiotics, growth promoters, and preservatives, which are commonly used in animal feed. Phytogenic feed additives contain various bioactive compounds, including essential oils, tannins, flavonoids, and saponins, which have antimicrobial, antioxidant, anti-inflammatory, and digestive stimulant properties. These compounds help to improve the digestibility of feed, enhance the absorption of nutrients, and boost the immune system of animals. Phytogenic feed additives are commonly used in the production of meat, dairy, and poultry products, and are also used in aquaculture and pet food. They are considered safe and environmentally friendly and are increasingly being used as a natural alternative to synthetic feed additives in response to consumer demand for natural and organic products. The use of phytogenic feed additives in animal feed has several benefits, including improved feed efficiency, reduced risk of disease, and improved animal welfare. Moreover, the use of these additives can also improve the quality and safety of animal products, as they reduce the risk of antibiotic resistance and other health issues associated with the use of synthetic feed additives.
The global phytogenic feed additives market is expected to experience significant growth during the forecast period. The growth of the market is attributed to several factors, including the increasing demand for natural and organic products, the growing concern for animal health and welfare, and the ban on the use of antibiotics in animal feed in several countries. The meat and dairy industry is the largest end-user of phytogenic feed additives, owing to the increasing demand for high-quality animal products and the growing awareness about the benefits of using natural and organic feed additives. The poultry industry is also a significant end-user of phytogenic feed additives, owing to the high demand for poultry products and the need to improve the growth performance of birds.
Moreover, the increasing demand for phytogenic feed additives in aquaculture and pet food is also driving the growth of the market. The rising awareness about the benefits of using natural and organic feed additives, and the increasing demand for high-quality and safe products, are driving the growth of the market in these industries. The market is dominated by several key players, including Cargill, BIOMIN, Delacon, Pancosma, and Adisseo. These companies are investing in research and development activities to develop new and innovative products, and are also expanding their production capacities to meet the growing demand for phytogenic feed additives. In conclusion, the global phytogenic feed additives market is expected to witness significant growth during the forecast period, owing to the increasing demand for natural and organic products, the growing concern for animal health and welfare, and the ban on the use of antibiotics in animal feed in several countries.
US Phytogenic Feed Additives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Dry
Fastest Growth
Dry
Growth Rate
8.3% CAGR
Global Phytogenic Feed Additives Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Phytogenic Feed Additives Market Segmental Analysis
Global Phytogenic Feed Additives Market is segmented by Type, Livestock, Form, Source, Function, Packaging and region. Based on Type, the market can be segmented into Essential oils, Flavonoids, Oleoresins, Saponins, Others. Based on Form, the market can be segmented into Dry, Liquid. Based on Livestock, the market is segmented into Poultry [Broilers, Layers, Turkey, Others], Ruminants [Dairy cattle, Beef cattle, Calves, Others], Swine [Starters, Sows, Growers], Aquatic animals [Carp, Salmon, Tilapia, Others], Others. Based on Source, the market can be segmented into Herbs & spices, Fruits & vegetables, Flowers. Based on Function, the market can be segmented into Performance enhancers, Antimicrobial properties, Palatability enhancers, Others. Based on Packaging, the market is segmented into Flexible, Rigid, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Phytogenic Feed Additives Market Analysis by Form
The dry segment is the largest and fastest-growing segment in the market, owing to the ease of handling and storage of dry phytogenic feed additives, and the increasing demand for powdered and granulated feed additives. Dry phytogenic feed additives are preferred by farmers and animal feed manufacturers, as they are easy to transport, store, and handle, and have a longer shelf life. Moreover, dry phytogenic feed additives are easier to mix with animal feed and are less prone to contamination and spoilage.
The liquid segment is also a significant segment in the market, owing to the increasing demand for liquid feed additives in the aquaculture and pet food industries. Liquid phytogenic feed additives are preferred by fish and shrimp farmers, as they are easier to administer and mix with fish feed, and can be used in both freshwater and saltwater environments. Moreover, liquid phytogenic feed additives are also preferred by pet food manufacturers, as they can be easily incorporated into wet pet food products.
Phytogenic Feed Additives Market Analysis by Type
The essential oils segment is the largest and fastest-growing segment in the market, owing to the high demand for natural and organic products and the increasing awareness about the benefits of using essential oils as feed additives. Essential oils, such as oregano, thyme, and rosemary, are known for their antimicrobial and antioxidant properties, which can help improve the health and performance of livestock.
The herbs & spices segment is also a significant segment in the market, owing to the increasing demand for natural and plant-based feed additives. Herbs and spices, such as garlic, ginger, and turmeric, are known for their medicinal and nutritional properties and can help improve the immune system and digestive health of animals.
Global Phytogenic Feed Additives Market By Form
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Phytogenic Feed Additives Market Regional Insights
The Asia Pacific region is the largest and fastest-growing market for phytogenic feed additives globally. This growth is attributed to several factors, including the increasing demand for meat and dairy products, the growing concern for animal health and welfare, and the rise in consumer awareness about the benefits of using natural and organic feed additives. China is the largest market for phytogenic feed additives in the Asia Pacific region, due to the presence of a large number of feed manufacturers and livestock producers in the country. The Chinese government's focus on improving animal health and productivity is also driving the growth of the market in the country. India is another significant market in the region, owing to the increasing demand for meat and dairy products in the country, and the government's initiatives to improve animal health and welfare. Other countries such as Japan, South Korea, and Australia are also witnessing significant growth in the phytogenic feed additives market. The rising awareness about the benefits of using natural and organic feed additives, and the increasing demand for high-quality animal products in these countries, are driving the growth of the market. In conclusion, the Asia Pacific region is expected to continue to dominate the global phytogenic feed additives market during the forecast period, owing to the increasing demand for meat and dairy products, the growing awareness about the benefits of using natural and organic feed additives, and the presence of several key players in the region.
Europe is one of the major markets for phytogenic feed additives globally. The growth of the market in the region is attributed to several factors, including the increasing demand for natural and organic products, the growing concern for animal health and welfare, and the strict regulations imposed by the European Union (EU) on the use of synthetic feed additives. Germany is the largest market for phytogenic feed additives in Europe, owing to the presence of a large number of feed manufacturers in the country, and the increasing demand for natural and organic feed additives. France and the United Kingdom are also significant markets in the region, due to the growing awareness about the benefits of using phytogenic feed additives, and the strict regulations imposed by the EU on the use of synthetic feed additives. Other countries such as Italy, Spain, and the Netherlands are also witnessing significant growth in the phytogenic feed additives market. The increasing demand for high-quality animal products in these countries, and the growing concern for animal health and welfare, is driving the growth of the market.
Global Phytogenic Feed Additives Market By Region
- Largest
- Fastest
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Phytogenic Feed Additives Market Dynamics
Phytogenic Feed Additives Market Drivers
Increasing demand for natural and organic food products
- The demand for natural and organic food products is increasing globally, which is driving the demand for phytogenic feed additives as they are natural and organic in nature.
Ban on antibiotics in animal feed
- Several countries have banned the use of antibiotics in animal feed due to the growing concern over antibiotic resistance. This has led to the increased use of phytogenic feed additives as an alternative to antibiotics.
Rising awareness about animal health
- Consumers are becoming more aware of animal health and welfare, which is driving the demand for natural and organic feed additives that can improve the health and well-being of animals.
Increase in animal diseases
- The incidence of animal diseases such as avian flu, swine flu, and foot-and-mouth disease is increasing globally, which is driving the demand for phytogenic feed additives as they have antimicrobial properties and can help prevent the spread of these diseases.
Growing focus on animal nutrition
- There is a growing focus on animal nutrition, and the use of phytogenic feed additives can improve the nutritional quality of animal feed, which is driving their demand.
Phytogenic Feed Additives Market Restraints
High cost of phytogenic feed additives
- Phytogenic feed additives are often more expensive than traditional feed additives, which can limit their adoption in certain markets or by certain types of producers.
Limited research and development
- Although there has been significant research on phytogenic feed additives in recent years, there is still a limited understanding of their long-term efficacy and safety compared to traditional feed additives, which may limit adoption by some producers.
Lack of regulatory frameworks
- There is a lack of consistent regulatory frameworks governing the use of phytogenic feed additives, which can limit their adoption in certain markets and create uncertainty for producers.
Supply chain challenges
- The sourcing and processing of phytogenic feed additives can be challenging due to the variability and seasonality of many plant-based ingredients, which can create supply chain challenges and limit availability.
Limited awareness and education
- Some producers may not be aware of the benefits of phytogenic feed additives or how to properly incorporate them into animal diets, which can limit adoption and effectiveness.
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Phytogenic Feed Additives Market Competitive Landscape
The Global Phytogenic Feed Additives Market was highly competitive, with a number of established and emerging players competing for market share. Overall, the global phytogenic feed additives market was characterized by intense competition, with companies investing in research and development to create innovative products and solutions to meet the growing demand for natural and sustainable animal feed solutions.
Phytogenic Feed Additives Market Top Player’s Company Profiles
- Cargill, Inc.
- DuPont de Nemours, Inc.
- Archer Daniels Midland Company
- Kemin Industries, Inc.
- BIOMIN Holding GmbH
- Phytobiotics Futterzusatzstoffe GmbH
- Pancosma S.A.
- Delacon Biotechnik GmbH
- Alltech, Inc.
- Nutreco N.V.
- Perstorp Holding AB
- Chr. Hansen Holding A/S
- Danisco Animal Nutrition
- BioResource International, Inc.
- Nor-Feed Sud SAS
- Synthite Industries Ltd.
- Pure Green, Inc.
- Phytoceuticals International AG
- Lallemand, Inc.
- Natural Remedies Pvt. Ltd.
Phytogenic Feed Additives Market Recent Developments
- In June 2022, after a five-year fruitful relationship, Cargill (US) announced the acquisition of Delacon (Austria). The acquisition would bring knowledge of deep feed additives to a worldwide scale. The combination of phytogenic feed additives from Delacon and animal health technology from Cargill will boost animal productivity and promote sustainable production.
- In November 2021, Neolac is a research program that was funded with GBP 2.5 million and launched with the help of partners like Biodevas labs, INRAE, and SODIAAL. It intends to decrease the usage of antibiotics on dairy farms by utilizing cutting-edge photogenic treatments, which will be put to the test at 100 farms in Brittany, France, for more than four years. Biodevas Laboratories has already produced two of the three photogenic solutions, which are based on plant extracts, and the experimental stages have already begun.
- In January 2021, Cargill (US) grew its business in Ohio, US. The plant would concentrate on producing various feed additives and premixes for animals. The addition will enable Cargill to meet the market's rising demand for livestock products by producing more of them of higher quality.
Phytogenic Feed Additives Key Market Trends
- Rising demand for meat and dairy products: The increasing population and rising disposable incomes have led to an increase in demand for meat and dairy products, which in turn has increased the demand for phytogenic feed additives. These additives are used to enhance the growth and productivity of livestock and improve the quality of meat and dairy products.
- Growing awareness of animal health and welfare: There is a growing awareness among consumers about animal health and welfare, which has led to a shift towards natural and sustainable livestock farming practices. Phytogenic feed additives are seen as natural and sustainable alternative to synthetic feed additives, which are perceived as harmful to animal health and the environment.
- Stringent regulations on antibiotic use in livestock: The increasing concerns over antibiotic resistance have led to the implementation of stringent regulations on the use of antibiotics in livestock farming. Phytogenic feed additives are seen as an effective alternative to antibiotics and are therefore gaining popularity among livestock farmers.
- Technological advancements in phytogenic feed additives: There have been significant advancements in the technology used for the production and formulation of phytogenic feed additives. This has led to the development of more efficient and effective products, which are in high demand among livestock farmers.
Phytogenic Feed Additives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Phytogenic Feed Additives Market analyses, the global market is growing at a significant rate, owing to the increasing demand for natural and organic feed additives, the rising concern for animal health and welfare, and the need to improve the growth performance and feed efficiency of livestock. The market is primarily driven by the essential oils segment, which is the largest and fastest-growing segment in the market, owing to the high demand for natural and organic products and the increasing awareness about the benefits of using essential oils as feed additives. The dry segment is the largest and fastest-growing segment in the market, owing to the ease of handling and storage of dry phytogenic feed additives, and the increasing demand for powdered and granulated feed additives. The Asia Pacific region is the largest and fastest-growing market, owing to the increasing demand for meat and dairy products, the growing concern for animal health and welfare, and the rise in consumer awareness about the benefits of using natural and organic feed additives. However, the market growth is also restrained by factors such as the lack of awareness among farmers and animal feed manufacturers about the benefits of phytogenic feed additives, the high cost of natural and organic feed additives, and the availability of cheaper synthetic alternatives.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 867.07 million |
| Market size value in 2031 | USD 1780 million |
| Growth Rate | 8.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Phytogenic Feed Additives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Phytogenic Feed Additives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Phytogenic Feed Additives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Phytogenic Feed Additives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Phytogenic Feed Additives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Phytogenic Feed Additives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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