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Feed Phytogenics Market by Product (Essential Oils, Herbs & Spices, Oleoresins, Others), by Livestock (Poultry, Swine, Ruminant, Aquatic, Equine, Others), by North America (U.S., Canada, Mexico), by Europe (Germany, UK, France, Italy, Russia, Spain, Belgium, Netherlands, Poland), by Asia Pacific (China, India, Japan, Indonesia, Philippines, South Korea, Taiwan, Thailand, Vietnam, Australia, Malaysia), by Latin America (Brazil, Argentina, Peru, Chile, Columbia), by Middle East & Africa (Nigeria, South Africa, Turkey) Forecast 2025-2033
The size of the Feed Phytogenics Market was valued at USD 730 million in 2023 and is projected to reach USD 897.81 million by 2032, with an expected CAGR of 3% during the forecast period. The Feed Phytogenics Market pertains to the incorporation of plant-based substances, termed phytogenics, in livestock feed to boost animal well-being, increase feed efficiency, and foster growth. Natural components like essential oils, herbs, spices, and plant extracts are progressively being added to livestock feed as substitutes for antibiotics and artificial additives. Phytogenics are recognized for their various advantages, such as antioxidant effects, improved digestion, boosted immunity, and more efficient feed utilization. As worries about antimicrobial resistance increase and there is a transition to more sustainable and natural farming methods, the need for feed phytogenics is growing. These products additionally enhance livestock welfare by fostering healthier gut microbiota and decreasing disease occurrence. With the increasing consumer demand for cleaner, more natural food items, livestock producers are adopting feed phytogenics to meet these trends while ensuring high productivity. The market is anticipated to experience strong growth as a result of heightened awareness regarding animal health, environmental issues, and the demand for sustainable agricultural practices amid global food security challenges.
The market is moderately concentrated, with a few key players holding a significant share. Innovation remains a key characteristic, with companies investing in research and development to create novel products and formulations. Regulatory frameworks and product substitutes can influence market dynamics. End-user concentration is prevalent, with large-scale livestock producers accounting for a major portion of demand. M&A activity remains relatively low, but strategic alliances and joint ventures are increasing.
Rising Demand for Organic and Natural Additives: Consumers are demanding healthier and more natural food products, driving the adoption of organic and plant-based feed additives. Phytogenics, derived from botanical sources, meet this demand.
Precision Farming and Data Analytics: Advancements in precision farming and data analytics enable tailored feed formulations, optimizing animal health and productivity. Phytogenics play a crucial role in this precision approach.
Focus on Animal Welfare and Disease Prevention: Growing emphasis on animal welfare has shifted the focus towards preventive healthcare. Phytogenics offer natural solutions to maintain animal health and reduce the use of antibiotics, promoting healthy livestock and safer food products.
Essential Oils: These highly concentrated extracts have antimicrobial, antioxidant, and immune-boosting properties. They are commonly used to promote respiratory health, digestion, and overall animal performance.
Herbs & Spices: Herbs and spices have been traditionally used in animal feed for their medicinal and nutritional value. They contain bioactive compounds that support growth, immunity, and stress resistance.
Oleoresins: Oleoresins are natural extracts obtained from plant resins or gums. They possess antimicrobial and antioxidant properties, making them valuable feed additives for poultry, swine, and ruminants.
The global Feed Phytogenics Market is expected to continue its growth trajectory, with the market size projected to reach USD 1,250 million by 2030, growing at a robust CAGR of 6.2% during the forecast period. This growth is attributed to the increasing adoption of natural and sustainable feed additives, rising consumer demand for organically produced animal products, and growing concerns regarding antibiotic resistance in畜牧业.
Product:
Livestock:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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