Animal Feed Phytogenics: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Since harmful germs are becoming more resistant to antibiotics, many nations have banned AGPs for animal nutrition. Attempts to employ substitute substances that can successfully replace AGPs have been made as a response of growing concerns about AGPs in animal nutrition across the globe; phytogenics is one such replacement.

Market Insights

The size of the global animal feed phytogenics market was $802 million in 2022, and it was projected to increase at a CAGR of 8% from 2023 to 2030. AGPs are increasingly subject to regulatory constraints in many nations, which is one of the main factors driving the market for phytogenics in animal feed. Growing livestock and aquaculture production is boosting the demand for compound feed and feed additives like phytogenics, which is being driven by rising worldwide demand for meat and seafood. The demand for organic beef is increasing as a result of changes in lifestyle, such as growing health consciousness. The need for natural and plant-based additives, such phytogenics, has surged as a result of this growth.

The growth of the market would be aided by the increasing number of clinical trials examining the mechanism of action of phytogenics across diverse species and life stages. Due to widespread knowledge of the advantages of phytogenics, strict laws prohibiting the use of AGP, and the presence of significant phytogenics producers, Europe held the biggest regional share in the global animal feed phytogenics market in 2022. Because to rising per-capita meat consumption, compound feed production, and the number of nations that have legislative limits on the use of AGP, APAC will experience the greatest growth throughout the projection period.

The Russo-Ukrainian War increases the cost of feedstock for phytogenics and the price of completed phytogenic goods by contributing to global inflationary pressure. Due to severe regulations against the use of AGP, the demand for phytogenics continued to be high in 2022 and will continue on a similar path during the forecast period.

Manufacturers of phytogenic ingredients for animal feed frequently sell phytogenics in premix formats by combining various phytogenics or premixing various feed additives with phytogenics. Farmers who raise livestock and aquaculture products benefit from the convenience of using various phytogenic mixes that are premixed. According to the species type and life stage, the formulation’s constituents have received clinical support and provide a targeted mode of action. For ingredient producers, pre-mixing various feed additives with phytogenics will increase their growth prospects. For instance, the Digestarom® line of phytogenics from DSM contains special combinations of spices, herbs, and other plant extracts.

In February 2023, Evonik and Dr. Eckel introduced PhytriCare® IM, a plant-based premix that contains carefully chosen plant extracts with a high flavonoid concentration. The phytogenic product from PlusVet Animal Health is also available in premix form along with additional feed additives including organic acids and prebiotics.

The leading producers in Global Animal Feed Phytogenics market are Cargill Incorporated (Delacon Biotechnik GmbH), Balchem Inc., Trouw Nutrition, EW Nutrition, DSM (BIOMIN), PlusVet Animal Health, ADM (Pancosma), Adisseo, DOSTOFARM GmbH, Dr. Eckel Animal Nutrition GmbH & Co. KG, Nor-Feed, Ropapham International BV, Kemin Industries, Inc., Alltech, Amorvet, Ravioza Biotech, Phytobiotics Futterzusatzstoffe GmbH, Geneham Pharmaceutical Co., Ltd, Hebei Jieliang Extract Biotech Co., Ltd., Silvateam S.p.a., and PMI Nutrition.

Market Dynamics: Drivers

The demand for antibiotic substitutes is being driven by the increasing regulatory restrictions on AGP usage in animal feed across nations

Animal feed phytogenics will expand as a result of rising per capita meat consumption and rising compound feed output in developing countries, particularly in Asia-Pacific

During the projected period, demand for animal feed phytogenics over other antibiotic feed substitutes will be driven by the trend toward employing natural ingredients

Market Dynamics: Challenges

The extensive use of phytogenics in animal feed is hampered by farmers’ lack of knowledge of the advantages, modes of action, and dose levels of these compounds

Because of variations in plant species, growing conditions, harvest period, and plant chemotype, essential oils, oleoresins, and plant extracts’ modes of action might vary, leading to inconsistency

Market Segmentation

• Based on Type, the Global Animal Feed Phytogenics market is segmented into
  • Bioactive Ingredients
  • Essential Oil
  • Oleoresins & Plant Extracts
• Based on Application, the Global Animal Feed Phytogenics market is segmented into
  • Aquaculture
  • Ruminant
  • Swine
  • Poultry
• Based on Geography, the Global Animal Feed Phytogenics market is segmented into
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• All market revenue has been given in US Dollar.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

 Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Animal Feed Phytogenics Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Animal Feed Phytogenics Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Animal Feed Phytogenics Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Animal Feed Phytogenics Market study?