Feed Phytogenic Market Size

Feed Phytogenic Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for feed phytogens is expected to reach $1,151 million in 2023 and reach a steady market size of $1,151 million by 2028. With a CAGR of 6.1% from 2023 to 2028, the market is expected to grow robustly, largely due to the increasing demand for natural feed additives in the livestock sector. The growing awareness of the benefits of feed additives can be attributed to the increasing use of plant-derived feed additives, which improve the health and performance of animals and reduce the use of synthetic alternatives. Also driving the growth of the market is the increasing preference for organic and natural products among consumers, the increasingly stringent regulations on the use of antibiotics in livestock farming, and the technological developments in the extraction of plant-based feed additives. Several key players in the market, such as Cargill, BASF, and DuPont, are investing in research and development to launch new products. Strategic initiatives, such as the establishment of associations and collaborations aimed at improving product efficacy and market penetration, are also expected to increase the market's growth momentum in the coming years.

Regional Market Size

Regional Deep Dive

The feed phytogenetics market is experiencing significant growth across various regions, owing to the rising demand for natural feed additives which enhance the health and productivity of animals. In North America, the market is characterised by a strong focus on animal health and well-being, which is resulting in a shift towards feed additives. In Europe, a robust regulatory framework is driving the market for plant-based feed additives, while the Asia-Pacific region is experiencing a rapid uptake, owing to the growing demand for livestock products and the increasing awareness among consumers about food safety. The Middle East and Africa (MEA) region is slowly adopting feed additives, owing to the need for improved livestock performance under harsh climatic conditions. Latin America, with its vast agricultural land, is also embracing the use of feed additives to improve the health and performance of livestock.

North America

• Phytogenic feed additives are gaining in popularity in the United States, in particular as organic farming and the public’s preference for meat without antibiotics continue to grow.
• The recent regulatory changes in the USA have simplified the approval of natural feed additives, which has led to an increase in the number of companies investing in plant-based solutions and thus a larger market.
• The emergence of e-commerce platforms for agricultural products facilitates access to plant-based feed additives for farmers, enhancing market penetration and consumer education.

Europe

• The strict regulations of the European Union on the use of antimicrobials in animals have been a major impetus for the introduction of plant-based feed additives, which the European Federation of Animal Feed Industry (FEFAC) has been promoting.
• In recent years, developments in extraction technology have led to a greater effectiveness of plant extracts, with companies such as Kemin Industries investing in research to increase the effectiveness of their products.
• Natural and organic products are demanded by consumers. Farmers are seeking natural and organic alternatives to synthetic feedstuffs.

Asia-Pacific

• China and India, with their rapidly increasing livestock production, are putting greater emphasis on the feeding of livestock, and are thus increasing their demand for feed supplements. This has led to a greater demand for feed supplements, and local companies such as the Nanjing Sihai Feed Co., Ltd. have also started to invest in the production of these feed supplements.
• The region is experiencing a growing concern for food safety and quality, which has led to the use of plant-based feed additives to improve animal health and prevent outbreaks of disease.
• Among the agro-industrial sectors, the euthanasia of livestock and poultry is increasing, and the market for natural feed supplements is growing.

MEA

• The harsh climate of the Middle East and Africa region has led to a demand for feed additives that can increase the resistance of livestock to harsh climatic conditions. Local companies are now developing plant-based feed additives to address these challenges.
• Recent cooperation between agricultural universities and private companies has led to a revival in research and development of products based on plants, with the aim of improving animal health and productivity.
• The public’s demand for healthier and more sustainable food is causing livestock farmers to consider dietary supplements derived from plants as a viable alternative to traditional feed solutions.

Latin America

• Brazil, as a major meat-producing country, is increasingly using plant-based feedstuffs to improve feed efficiency and meet international quality standards.
• Having a wide variety of agriculture in the area, the local plants are being used for the formulation of plant-based drugs. The Phytobiotics company is doing research on native plants.
• The support of the government to the development of sustainable agriculture encourages livestock farmers to use agro-ecological solutions and stimulates the development of the market.

Did You Know?

“Additives containing plant products have the power to improve feed conversion by up to 10 per cent, thus increasing the productivity of the animal and reducing the cost of feeding.” — Alltech Research

Segmental Market Size

The Feed Phytogen Market is experiencing a steady growth, resulting from the growing demand for natural and sustainable feed additives. The main driving factors are the growing awareness of animal health and welfare, the increasingly stringent regulations for animal feed additives, and the growing trend towards natural ingredients over synthetic ones. In addition, technological developments in extraction and formulation processes increase the effectiveness of phytogens, thereby enhancing their market appeal.

In the meantime, the introduction of feed phytogenics is in the process of being scaled up, with companies such as Delacon Biotech and Kemin Industries being the leading companies in different regions, especially in Europe and North America. The main application fields are in the feed efficiency of livestock and aquaculture, where the feed efficiency is primarily improved by enhancing the intestinal health and immune function of the animals. There are some influencing factors such as the trend of sustainable development and the trend of avoiding the use of antibiotics in animal husbandry. The development of feed phytogenetics is also closely related to the development of the industry, which is characterized by advanced extraction technology and formula innovation.

Future Outlook

The feed phytogen market is set to grow at a CAGR of 6.1% between 2023 and 2028. The market is expected to reach a value of $1,150,100,000 by 2028. The rising demand for natural feed supplements is mainly driven by the increasing demand for organic and sustainable livestock products. Phytogens have been used in animal feed since ancient times, and are mainly used to improve animal health and performance. The use of synthetic feed additives has been restricted in many countries, particularly in North America and Europe, and the use of phytogens in animal feed has been growing rapidly.

The technological development of extraction and formulation processes will further improve the efficiency and application of plant-based products, thus increasing their attractiveness for livestock producers. In addition, government initiatives to support sustainable agriculture and the reduction of the use of antibiotics in animal husbandry will create a favorable regulatory environment for the growth of the phytogenetic feed market. In addition, the growing focus on precision nutrition and the integration of plant-based feed additives into the formulation of feeds tailored to the needs of individual animals will shape the market. In the evolving industry, the development of research and development is necessary to meet the changing needs of the market.