Feed Phytogenic Market - Forecast(2024 - 2030)

Feed Phytogenic Market Overview

The Feed Phytogenic Market size is estimated to reach $1,179 million by 2027. Furthermore, it is poised to grow at a CAGR of 7.1% over the forecast period of 2022-2027. Owing to the antibiotic-free nature of phytogenics and other health-related benefits of phytogenics in animals, the Feed Phytogenic Industry is predicted to grow. Phytogenics are non-antibiotic feed additives produced from plants that are added to cattle feed to boost performance. Phytogenics are found in plants such as herbs and spices, oleoresins, tubers, roots, and leaves. Feed phytogenics are available as oils like Caraway oil or extracts in dried, powdered, or solid form. Feed additives have a favorable impact on a variety of animal life processes, assisting in the prevention of disease outbreaks and promoting healthy growth. These botanicals or plant-based feed additives offer a healthy alternative to antibiotic-free feed additives. They have antibacterial, antiviral, and antioxidative effects, resulting in fewer harmful microorganisms and more balanced gut flora. Caraway oil is used to treat digestive issues such as heartburn, bloating, gas, loss of appetite, and moderate stomach and intestinal spasms. Growth in the animal feed sector is projected to have a favorable influence on the market throughout the forecast period, owing to rising meat demand and increased investment in breed maintenance. The market is projected to benefit from increased phytogenic fortification in bovine feed as a means of enhancing taste and inducing high feed intake for growth and reproductive performance.

Feed Phytogenic Market Report Coverage

The report: “Feed Phytogenic Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Feed Phytogenic Market.

Key Takeaways

• Geographically, Asia-Pacific held a dominant market share in the year 2021. It is owing to the existence of significant livestock populations and their expansion. Moreover, the increasing demand for feed and increased awareness of the need for quality feed among livestock farmers and feed purchasers. Additionally, Asia-Pacific is expected to offer lucrative growth opportunities to marketers owing to the growing research and development activities to develop Feed Phytogenics for various applications.
• The robust growth in the animal feed sector and increase in the Demand for Organic Solutions for pet food nutrition are driving the Feed Phytogenic Market. However, the COVID-19 Impact and Side Effects of Phytochemicals is one of the major factors impeding the Feed Phytogenic market growth.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Feed Phytogenic Market Report. 

 Feed Phytogenic Market- Geography (%) for 2021.

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Feed Phytogenic Market Segmentation Analysis- By Product Type

The Feed Phytogenic market based on the product type can be further segmented into Essential Oil, Herbs & Spices, Mucilage, Oleoresins, and Others. Essential Oil Segment held a dominant market share in the year 2021, and it is expected to expand at the quickest CAGR of 7.4% from 2022 to 2027. Essential oils like caraway oil and others are increasingly being utilized in animal feed as feed phytogenics to replace antibiotic growth boosters, which are currently banned as feed additives. Natural components are progressively replacing synthetic chemicals in animal feed owing to the increased popularity of natural ingredients. The volatile oils extracted from plants by steam and/or water distillation are known as essential oils. Furthermore, essential oils are thought to be a safe alternative to antibiotics in animal feed as well as a cost-effective feed additive. As a result, these variables are expected to improve the industry's outlook.

Feed Phytogenic Market Segmentation Analysis- By Livestock

The Feed Phytogenic market based on Livestock can be further segmented into Swine, Aquaculture, Swine, Ruminants, Poultry, and Others. The Poultry segment held a dominant market share in the year 2021. The demand for organic and healthy chicken meat is increasing, which has led to a surge in broiler farmers looking for high-density diets to feed their flocks and maximize profits. The market demand is expected to rise as the importance of increasing eggshell quality and avoiding chicken illnesses grows. The poultry industry now leads the entire livestock industry, owing to the rising demand for organic and healthy chicken meat. Middle-class customers in emerging countries are expected to spend their additional cash on meat and other poultry items, driving up demand for feed phytogenics in poultry animals. The main ingredient in this feed supplement is caraway oil. The biological effect appears to be mediated by the seed's essential oil. Monoterpenes, such as carvone and limonene, are the primary constituents of caraway seeds. Glycosides and flavonoids are two more small components. On a worldwide scale, the Clostridium-related poultry illness necrotic enteritis (NE) generates significant economic losses. The use of Capsicum and turmeric oleoresins in the diet of young broiler hens improves their resistance to necrotic enteritis. 

The ruminants segment is estimated to be the fastest-growing, with a CAGR of 7.7% over the forecast period of 2022-2027. The phytogenics market is projected to be driven by increased fortification in ruminant feed, which reduces methane gas production and improves feed efficiency, resulting in increased environmental safety and cheaper feed additives costs.

Feed Phytogenic Market Segmentation Analysis- By Geography

The Feed Phytogenic market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held a dominant market share of 40% in the year 2021 as compared to its other counterparts. Owing to the existence of significant livestock populations and their expansion, the Asia Pacific region accounted for the greatest market share in the feed additives industry. Greater demand for feed and increased awareness of the need for quality feed among livestock farmers and feed purchasers has resulted from the growing consumption of high-quality livestock-based goods. The region's animal output for meat consumption is expanding, along with per-capita disposable income. Growing consumer knowledge of the advantages of feed additives among livestock producers, along with recent disease outbreaks, might boost regional development throughout the projection period. Rising domestic meat production in India and China is projected to enhance cattle, poultry, and swine farms, boosting market demand throughout the forecast period. The Asia-Pacific belt's demand for feed phytogenics is primarily driven by a replacement strategy for antibiotic growth promoters and the lack of hazardous residues in plant-based feed additives. In early 2017, Vietnam and Indonesia, two of the region’s biggest feed producers, enacted laws outlawing the use of antibiotics for animal growth enhancement. The National Antimicrobial Resistance Action Plan committee has recommended that manufacturers use antibiotics to artificially fatten cattle be banned in India, fueling the need for natural feed additives like phytogenics in the Indian market.

Feed Phytogenic Market Drivers

The Increasing Production of Animal Feed has readily aided the market growth.

Owing to the increased efficiency and performance, as well as the health-related benefits of phytogenics in animals, the feed phytogenic market is growing. A rising number of livestock producers are requesting higher feed conversion ratios and antibiotic-free feed additives, which is driving demand for botany-based feed additives. Worldwide feed output grew from 871.0 million metric tons in 2011 to 1069.7 million metric tons in 2017, according to the Alltech Global Feed Survey study published in 2018. The need for high-quality meat and dairy products among health-conscious consumers, as well as the growing popularity of natural ingredients in pet food, are driving companies to tap into the phytogenic industry's untapped earnings. The worldwide need for large quantities of feed and feed additives has prompted considerable scientific study, which is expected to boost the total market for feed phytogenics in the future years.

The Rise in the Demand for Organic Solutions for Pet Food Nutrition has enhanced the growth of the Feed Phytogenic Market. 

According to the study done by Farm Journal in 2020, 82% of households in the United States buy organic pet food on a regular basis. Owners of pets remain very sensitive and are increasingly being concerned about the safety, quality, and source of the ingredients involved in the manufacturing of pet food products. The key players are coming up with innovative feed products that are made up of naturally sourced ingredients and additives as play a very important role in enhancing the quality of the feed for pets. The rise in the pet population and the growing concerns of pet owners for pet nutrition are further propelling the growth of the Feed Phytogenic Market.

Feed Phytogenic Market Challenges

The COVID-19 Impact and Side Effects of Phytochemicals are impeding the market growth.

Imports were constrained owing to the temporary shutdown of feed production factories or activities with decreased employee strength in the United States, China, India, and European nations. The closure of restaurants and butcher stores throughout the world has had a significant influence on the animal feed additives business, which has impacted the need for feed phytogenics. According to a recent study of more than 4,000 flavonoids that occur in plant foods, it is observed that excessive amounts of flavonoids consumption have adverse effects. Phytochemicals have negative side effects, such as bad odor/taste or toxicity, and potential interactions with other feed components owing to the compound's complicated composition and a lack of systematic assessment technologies for feed applications, conducting systematic and complete evaluations of these phytogenics compounds is especially difficult. These issues may lead to a low level of product adoption and market growth. Feed phytogenics have been given the GRAS (Generally Recognized as Safe) designation; nevertheless, owing to their wide range of applications in animal feed, a comprehensive study of their safety and toxicity is still required.

Feed Phytogenic Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Feed Phytogenic Market. The top 10- Feed Phytogenic Market companies are-

1. Cargill
2. Royal DSM
3. Pancosma SA
4. EI Du Pont De Nemours
5. Kemin Industries
6. Phytosynthese
7. DelaconBiotechnik GmbH
8. PhytobioticsFutterzusatztoffe GmbH
9. Biomin Holding GmbH
10. A&A Pharmachem Inc

Recent Developments

• In October 2020, Royal DSM, a worldwide science-based corporation focused on nutrition, health, and sustainable living, finalized the €980 million acquisition of Erber Group. Biomin offers enzymes and adsorbents that help break down poisons found in feed, such as aflatoxins and ergot alkaloids. This acquisition DSM’s expertise as a leading provider of animal health and nutrition solutions.

• In January 2020, Kemin Industries introduced VANNIXTM C4, a new phytogenic feed additive that complements Kemin Animal Nutrition and Health – North America's full portfolio of poultry gut health products. VANNIX C4 is a formulation of gut-health-fortifying ingredients that are designed as a cost-effective solution for producers. These products are to promote a healthy intestinal microbial balance and support the overall performance of the animal.

• In January 2020, Delacon Biotechnik GmbH introduced BioStrong Comfort in the US and Canada. This medicine contains antioxidants derived from plants and was created to reduce the effects of heat stress during periods of high temperature and humidity. It was developed to support poultry even at higher humidity and temperature levels.

Relevant Titles

Animal Nutrition Market - Forecast (2022 - 2027)
Report Code- FBR 0049

Aquaculture Additives Market - Forecast (2022 - 2027)
Report Code- FBR 81117

Cattle Feed Market - Forecast (2022 - 2027)
Report Code- AGR 0020

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