Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Feed Phytogenic Market: By Product Type, By livestock Type, By Function and Geography
Feed Phytogenic Market was valued at US$ 890.2 million in 2023 and grew at 3.84% CAGR over the historical years (2019 - 2023). The feed phytogenic market is projected to reach US$ 1,166.6 million by 2030 at a CAGR of 3.95%. The demand for feed phytogenic is expected to expand due to surge in demand form feed industry. The feed phytogenic market is gaining traction in the poultry sector. Furthermore, with natural additives are gaining popularity among buyers worldwide, the feed phytogenic market is expected to grow rapidly. After the EU banned antibiotics in 2006, there was a surge in demand for natural growth promoters and enhancers. This promotes resource conservation, improved final product quality, and ease of use in animal feed. This aspect is expected to fuel the feed phytogenic sales over the projected period
Study Period
2024-2030Base Year
2023CAGR
3.95%Largest Market
Asia PacifcFastest Growing Market
Europe
Antibiotic use in poultry and livestock production is seen positively by farmers and the economy because it has generally enhanced chicken performance economically and efficiently. However, the potential spread of antibiotic-resistant strains of pathogenic and non-pathogenic organisms into the environment, followed by transmission to people via the food chain, could have major consequences for public health. As a result, for the purposes of environmental sustainability, human health, and food safety, academics have recently shifted their focus to natural alternatives to antibiotic use in cattle agriculture. This gives rise to effective alternatives known as natural feed additives, like phytogenic feed additives. These factors are projected to fuel market expansion. Organic aquaculture is gaining popularity because it protects consumers' health by using fewer synthetic or dangerous chemicals. Organic feed additives, such as phytogenic feed additives, are increasingly used in the production of organic aquaculture feed as the industry grows. As a result, the rise of organic aquaculture is likely to open new market opportunities. Farmers and livestock breeders are increasingly seeking phytogenic feed as a means of improving feed quality. However, there are various replacements on the market, including probiotics, prebiotics, additives, and enzymes which hinder the market growth.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 890.2 million |
Market Size in 2030 |
US$ 1,166.6 million |
Market CAGR |
3.95% |
By Type |
|
By Livestock |
|
By Function |
|
By Region |
|
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The Feed Phytogenic Market was valued at US$ 890.0 million in 2023 and is projected to reach US$ 1,166.6 million by 2030, growing at a CAGR of 3.95 %.
Natural feed additives, such as feed phytogenic, enhance growth, health, indigestion, absorption, and assimilation of nutrients. These factors contribute to the expansion of the market.
Market players are using new technology to improve efficiency and effectiveness. Encapsulation technology is getting widespread favor among manufacturers.
Market research is segmented based on product type, livestock type, function, and region
Asia-Pacific is estimated to dominate with the highest CAGR over the forecast period.
1. Executive Summary |
2. Global Feed Phytogenics Market Introduction |
2.1.Global Feed Phytogenics Market - Taxonomy |
2.2.Global Feed Phytogenics Market - Definitions |
2.2.1.Type |
2.2.2.Livestock |
2.2.3.Function |
2.2.4.Region |
3. Global Feed Phytogenics Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Feed Phytogenics Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Feed Phytogenics Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Oleoresins |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Essential oils |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Herbs & spices |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Global Feed Phytogenics Market By Livestock, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Ruminants |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Swine |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Equine |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Poultry |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Canine |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Faline |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Aquaculture |
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7. Global Feed Phytogenics Market By Function, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Palatability enhancers |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Performance Enhancers |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8. Global Feed Phytogenics Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. North America Feed Phytogenics Market , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Oleoresins |
9.1.2.Essential oils |
9.1.3.Herbs & spices |
9.2. Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Ruminants |
9.2.2.Swine |
9.2.3.Equine |
9.2.4.Poultry |
9.2.5.Canine |
9.2.6.Faline |
9.2.7.Aquaculture |
9.3. Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Palatability enhancers |
9.3.2.Performance Enhancers |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Feed Phytogenics Market , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Oleoresins |
10.1.2.Essential oils |
10.1.3.Herbs & spices |
10.2. Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Ruminants |
10.2.2.Swine |
10.2.3.Equine |
10.2.4.Poultry |
10.2.5.Canine |
10.2.6.Faline |
10.2.7.Aquaculture |
10.3. Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Palatability enhancers |
10.3.2.Performance Enhancers |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
10.4.7. |
11. Asia Pacific (APAC) Feed Phytogenics Market , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Oleoresins |
11.1.2.Essential oils |
11.1.3.Herbs & spices |
11.2. Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Ruminants |
11.2.2.Swine |
11.2.3.Equine |
11.2.4.Poultry |
11.2.5.Canine |
11.2.6.Faline |
11.2.7.Aquaculture |
11.3. Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Palatability enhancers |
11.3.2.Performance Enhancers |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Feed Phytogenics Market , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Oleoresins |
12.1.2.Essential oils |
12.1.3.Herbs & spices |
12.2. Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Ruminants |
12.2.2.Swine |
12.2.3.Equine |
12.2.4.Poultry |
12.2.5.Canine |
12.2.6.Faline |
12.2.7.Aquaculture |
12.3. Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Palatability enhancers |
12.3.2.Performance Enhancers |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Feed Phytogenics Market , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Oleoresins |
13.1.2.Essential oils |
13.1.3.Herbs & spices |
13.2. Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Ruminants |
13.2.2.Swine |
13.2.3.Equine |
13.2.4.Poultry |
13.2.5.Canine |
13.2.6.Faline |
13.2.7.Aquaculture |
13.3. Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Palatability enhancers |
13.3.2.Performance Enhancers |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Dupont (U.S.) |
14.2.2.Cargill, Inc. (U.S.) |
14.2.3.Phytosynthese (France) |
14.2.4.Kemin Industries, Inc. (U.S.) |
14.2.5.BIOMIN Holding GmbH (Austria.) |
14.2.6.Delacon Biotechnik GmbH (Austria) |
14.2.7.PANCOSMA SA (Switzerland) |
14.2.8.DOSTOFARM GmbH (Germany) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players