The feed phytogenic market is projected to be worth USD 782.3 million in 2023. By 2033, the market is expected to surpass USD 1,142.13 million. The demand for phytogenic feed is expected to expand at a CAGR of 3.5% during the forecast period.
The feed phytogenic industry is a rapidly growing segment within the broader animal feed sector, experiencing significant expansion in recent years. Feed phytogenics, which are plant-derived additives, are used to improve animal performance, enhance gut health, boost immunity, and support overall well-being. The growing demand for animal protein, increased livestock production, and the ban on antibiotic growth promoters in animal feed have been key drivers of this market’s growth.
However, the industry faces challenges that hinder its growth. A lack of awareness and understanding of the benefits and applications of phytogenic feed additives, coupled with the absence of standardized testing methods, presents obstacles for manufacturers in terms of product development and marketing.
Despite these challenges, the feed phytogenic industry presents numerous opportunities for market expansion. The rising consumer preference for natural and organic products is fueling growth prospects. Additionally, increasing consumer awareness of the benefits of natural feed additives is expected to further accelerate market demand.
Key Takeaways from the Feed Phytogenic Market:
- The United States feed phytogenic industry is expected to exceed US$ 175 million by 2033, owing to the industry’s increased demand for chicken meat.
- Vietnam and Indonesia are two of the Asia Pacific region’s leading feed producers.
- Rising animal health concerns and a taste for natural commodities are expected to propel the feed phytogenic business in Germany.
- Brazil is expected to lead the feed phytogenic market because of the region’s enormous development potential.
- Poultry is expected to continue to be the most appealing livestock propelling the sales of phytogenic feed.
- The most popular type of plant-derived chemical utilized in cattle is essential oils.
- Herbs and spices have recently attracted much attention in the feed industry.
From Global Giants to Local Players: How Phytogenic Feed Industry is Standing Out with Unique Offerings
The feed phytogenic industry has a highly competitive landscape, with numerous global and local players operating in the market. Tier-1 and tier-2 players, including Biomin, Cargill, Delacon, DuPont, Kemin Industries, Adisseo, Pancosma, and Nutrex, dominate the global market. Due to their brand reputation, product differentiation, financial stability, strategic advances, and diverse regional presence. These companies have a global reach and varied product ranges, making it difficult for new players to enter the market and compete.
In addition to these dominant players, there are also numerous local firms present in the phytogenic feed industry. These players have a strong understanding of the regional market and have built a loyal customer base. They often focus on producing low-cost products, which allows them to compete with the key players in the market.
The phytogenic feed industry is characterized by intense R&D activities, with companies continuously investing in the development of new and innovative products. This has led to several mergers, partnerships, and collaborations among players to leverage their collective strengths and expand their market presence.
Key Developments in the Feed Phytogenic Market:
- Kemin Industries added VANNIXTM C4, an innovative phytogenic feed additive, to their range of chicken gut health products in January 2020 in North America.
- In January 2020, Delacon Biotechnik GmbH launched BioStrong Comfort. A product designed to reduce the impact of heat stress during periods of high temperature and humidity. It contains antioxidants derived from plants in the United States and Canadian markets.
- In 2017, Delacon and Cargill formed a partnership to provide better solutions for their customers. This included a minority stock investment from Cargill. After entering the Russian market in 2019, Delacon introduced its phytogenic products to China in March 2020.
- In October 2020, Royal DSM, a multinational corporation specializing in nutrition and health acquired Erber Group for €980 million. To expand their phytogenic feed additive offerings.
Feed Phytogenic Market by Category
By Product Type:
- Essential Oils
- Herbs & Spices
- Oleoresins
- Others Product Type
By Livestock:
- Poultry
- Ruminants
- Swine
- Aquatic Animals
- Other Livestock Animals
By Function:
- Performance Enhancers
- Palatability Enhancers
- Other Functions
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