Global Phytogenic Feed Additives Market

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 2025-2032


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 940 Million in 2023 and is poised to grow from USD 1018.02 Million in 2024 to USD 1927.74 Million by 2032, growing at a CAGR of 8.3% during the forecast period (2025-2032).

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.

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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).

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. '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.'

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.

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.

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.

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Global Phytogenic Feed Additives Market

Report ID: SQMIG30C2077

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