Global Phytogenic Feed Additives Market is Anticipated to Witness a Growth of Steady CAGR in the Forecast Period, 2024-2028. this Can be Ascribed due to the Growing Demand for Animal-based Products and Innovative Livestock-Rearing Practices Across the Globe.
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Growing concern about cattle health issues
Owners of livestock are investing in the use of phytogenic feed additives, which help in enriching the product. The market for phytogenic feed additives is expanding globally due to the natural, plant-based bioactive compounds known as botanicals, phytobiotics, or phytogenic feed additives. Additionally, the industry has been under significant pressure to find effective substitutes due to the current trend of limiting the use of antibiotics, particularly in the diet of poultry. This is likely to increase demand for phytogenic feed additives throughout the forecast period. The market has been dealing with the effects of a lack of patents, strong security regulations, and insufficient regulatory framework across different nations, i.e., duplication of feed additives, but lack of standardization continues to be a key concern. Numerous local producers take advantage of these gaps and provide items of poor quality, which has a long-term negative impact on the market for phytogenic feed additives. It has been analyzed that approximately 3% of 1.2 billion tons of phytogenic additives used across the globe are plant-based ingredients.Growing demand for natural additives
Natural additives play an important role in enhancing the food quality of different livestock. Growing demand for poultry and swine livestock is expected to create significant growth during the forecasted period. Growing demand for reducing the outbreak of zoonotic diseases and increasing the overall health of livestock farmers are choosing natural additives which will cure animal health. Additionally, phytogenic feed additives help to control potential pathogens in animals and modulate intestinal microbiota present in the gut. Over the last decades, global meat production has been observed at an exponential rate of growth. The increasing pet population along with the concerns of pet owners for pet health and nutrition will further boost the growth of the market during the forecasted period.Market Segmentation
Global Phytogenic Feed Additives market is segmented by type, livestock, source, form, function, packaging, and by region. Based on type, the market can be segmented into Essential Oils, Flavonoids, Saponins, Oleoresins, and Other Types. Based on Livestock, the market can be segmented by Poultry, Swine, Ruminants, Aquatic Animals, and Other Livestock. Based on Source, the market can be grouped into Herbs & Spices, Fruits & Vegetables, and Flowers. Based on form, the market can be divided into Liquid and Dry. Based on Function, the market can be differentiated into Performance Enhances, Antimicrobial Properties, Palatability Enhances, and Other Functions. Based on Packaging, the market can be divided into Flexible and Other Packaging. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa, and South America in 2022. Among the different countries, the United States dominated the global Phytogenic feed additives market on account of the increasing demand for cattle health safety in the country.Market Players
Cargill, Inc., Archer-Daniels-Midland Company., DuPont de Nemours, Inc.., Koninklijke DSM N.V, Land O’ Lakes Inc., Adisseo Inc., Nutreco N.V., Kemin Industries Inc.., Natural Remedies Pvt. Ltd., Nor Feed are the leading players operating in the Global Phytogenic Feed Additives Market.Report Scope:
In this report, Global Phytogenic Feed Additives market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:Phytogenic Feed Additives Market, By Type:
- Essential Oils
- Flavonoids
- Saponins
- Oleoresins
- Other Types
Phytogenic Feed Additives Market, By Livestock:
- Poultry
- Swine
- Ruminants
- Aquatic Animals
- Other Livestock
Phytogenic Feed Additives Market, By Source:
- Herbs & Spices
- Fruits & Vegetables
- Flowers
Phytogenic Feed Additives Market, By Form:
- Liquid
- Dry
Phytogenic Feed Additives Market, By Function:
- Performance Enhances
- Antimicrobial Properties
- Palatability Enhances
- Other Functions
Phytogenic Feed Additives Market, By Packaging:
- Flexible
- Other Packaging
Phytogenic Feed Additives Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global Phytogenic Feed Additives market.Available Customizations:
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cargill, Inc.
- Archer-Daniels-Midland Company
- DuPont de Nemours, Inc..
- Koninklijke DSM N.V
- Land O’ Lakes Inc.
- Adisseo Inc.
- Nutreco N.V.
- Kemin Industries Inc..
- Natural Remedies Pvt. Ltd
- Nor Feed