Global Phytogenic Feed Additives Market

The global phytogenic feed additives market size is estimated to be USD 753 million in 2020 and is projected to reach USD 1,098 million by 2025, at a CAGR of 7.8% during the forecast period. Application of phytogenic feed additives in the improvement of gut function by stimulatory effect on digestive secretions such as enzymes, bile, and mucus by phytogenic substances to improve animal growth and quality is estimated to serve as a major factor in the growth of phytogenic feed additives market.

Global Phytogenic  Feed Additives MarketBy Muhammed Akatay
Phytogenic feed additives also called as phytobiotics are non-antibiotic growth promoters or group of natural growth promoters used as feed additives, derived from spices, herbs or other plants. Essential oils are the concentrated type of phytogenics, which contain the most vital elements of plants.

There have been various restrictions in many countries over the use of in-feed antibiotics. Introduction of phytogenic feed additives, have resulted in product derivation for potential animal performance improvements. The advantages of utilizing phytogenics in feed include rise in feed consumption, decline in the frequency of thin bowels in animals, and upgrade in feed proficiency. Phytogenic feed additives have potential antimicrobial properties other than providing anti-oxidative effects. These animal feed additives also help in improving growth by enhancing palatability as well as improving gut functioning for increased food intake.

Phytogenics are available in dried, strong, and ground structure as it is expelled from crucial oil. The advancement in the technology such as encapsulation helps in extending phytogenics shelf life and protect them from extreme environmental climate changes.

MARKET GROWTH EXPECTATIONS
Market research companies make current situation forecasts and provide forecasts for the future in their reports on the phytogenic feed additives market. In most of these reports, the size of the market in 2020 is estimated at around USD 750 million. The growth potential is around 7 percent.

For example, according to the Phytogenic Feed Additives Market report of Markets and Markets; the global phytogenic feed additives market size is estimated to be USD 753 million in 2020 and is projected to reach USD 1,098 million by 2025, at a CAGR of 7.8% during the forecast period.

MarketResearch.com, on the other hand, in its report titled ‘Global Phytogenic Feed Additives Market’ covering the period 2021-27, explains that the market is valued at approximately USD 0.75 billion in 2020 and is anticipated to growth rate of more than 7.8% over the forecast period 2021-2027.

MARKET DRIVERS
Currently the global phytogenic feed additives market is observing vibrant growth owing to increasing demand of animal digestibility enhancers in the market. According to Research Nester’s report titled Phytogenic Feed Additives Market, the rising demand for phytogenic feed additives for various applications in dairy, poultry, aquaculture industries are expected to drive the market rapid over the 2018 – 2027 forecast period. The growing R&D activity associated to phytogenic feed additives is expected to further increase the market growth owing to discovery of new applications of phytobiotics with technological advancements. Application of phytogenic feed additives in the improvement of gut function by stimulatory effect on digestive secretions such as enzymes, bile, and mucus by phytogenic substances to improve animal growth and quality is estimated to serve as a major factor in the growth of phytogenic feed additives market. Increased feed intake also helps in increasing the quality of animals on account of increased palatability of the diet due to enhanced odor and flavors of feed.

Rapid economic development with increasing disposable income has increased demand for good quality dairy and poultry products such as eggs, milk, meat and more which is expected to boost the phytogenic feed additives market across the globe. Rise in feed costs due to use of antibiotics could be reduced by the use of phytogenic feed additives which will drive the market sturdily over the forecast period.

However, lack of awareness regarding the availability of these products and resistance towards change owing to lower profit margins is predicted to behave as restraining factors in the phytogenic feed additives market growth. Moreover, herbs and spices exhibiting antimicrobial properties may pose similar side-effect risks to the producers as well as meat consumers.

MARKET STATUS BASED BY TYPE & FUNCTION
The global feed phytogenic market, based ontype, has beendivided into essential oils, herbs &spices, oleoresins, others. According to the report of Market Research Future, the essential oils segment accounted for the largest market share in 2020, while herbs & spices is expected to register the highest CAGR of 9.34% during the 2021-2028 forecast period.

By function, the global feed phytogenic market has been segmented as performance enhancer, palatibility enhancer, and others. Again, according to the same report, the palatibility enhancer segment is projected to exhibit the highest CAGR of 9.34% during the 2021-2028 forecast period. Phytogenic feed additives are also known as natural performance enhancers.

MARKET STATUS BASED BY LIVESTOCK TYPE
Based on livestock type, the global feed phytogenic market has been segmented into poultry, swine, ruminants, aquaculture, and others. According to the report of Market Research Future, the poultry segment accounted for the largest market share of 42.97% in 2020 and is expected to register a 9.37% CAGR during the review period. The consumption of feed phytogenic supports the gut health, growth performance, promote feed intake, feed conversion ratio in hot and humid condition, and supports the resilience of poultry to mitigate the specific effects of heat stress. The increasing demand for egg and poultry meat is expected to drive the demand for feed phytogenic among poultry.

Major Players:
A&A Pharmachem
A/B Technologies International
Adisseo
AdiFeed
Amorvet
AVT Natural Products
Ayurvet Limited
BASF
BIOMIN Holding
Bluestar Adisseo
British Horse Feeds
Cargill
Delacon Biotechnik
Dostofarm
DuPont
Growell India
Himalaya Drug Company
Himalaya Wellness
Igusol S.A
Indian Herbs
Kemin Industries
Land O’Lakes
Miavit GmbH
Natura Feed Ingredients
Natural Herbs & Formulations
Natural Remedies
Nor-Feed
Novus international
Nutrex
Nutricare Life Sciences
Pancosma
Phytobiotics Futterzusatzstoffe
Phytosynthese
Rhone-poulenc
Shanghai Yung Zip Pharmaceutical Trading
Silvateam
Synthite Industries
Tegasa
The Himalaya Drug Company
Tolsa
Vetsfarma
Vinayak Ingredients
Wudi Deda Agriculture
Zhengzhou Xinbanghuifa Biotechnology

MARKET STATUS ON REGIONAL BASIS
As a precursor to animal nutrition in various animal care industries, North America is an attractive region among the manufacturers of feed phytogenic. The region, according to the report of Market Research Future, accounted for 28.30% of the market in 2020 and is anticipated to reach USD 458.03 million by 2028. In North America, the US is the major contributor to the growth of the feed phytogenic market and is the second-largest feed-producing country across the globe. In 2017, the Food and Drug Administration (FDA) brought in new rules sharply curtailing the routine use of antibiotics on farms across the US. This increased the demand for feed phytogenic, considering it one of the alternatives for antibiotics. In this region, the production of poultry feed is increasing at a tremendous rate based on escalating broilers population. Moreover, aqua is a potential industry in this region for which the number of fisheries has increased.

Europe dominated the global feed phytogenic market with a share of 33.23% in 2020. In 2006, the use of AGPs in animal feed was banned in the EU, and regulations are implemented to reduce the use of therapeutic antibiotics. This led to an opportunistic market for feed phytogenic manufacturers. The feed industry in Europe has grown significantly in the last few years.

According to Research Nester, in the 2018-2027 forecast period, North America is anticipated to be followed by Asia-Pacific in terms of consumption due to expanding phytogenic feed additives requirements in antimicrobial animal treatment and careful feeding. On account of multiplying phytogenic feed additives uses on the back of increasing dairy and poultry population, Asia Pacific is budding as a regional phytogenic feed additives and its derivatives consumption market.

MAJOR PLAYERS IN PHYTOGENIC FEED ADDITIVES MARKET
Phytogenic feed additives market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach across the globe with diverse product portfolios. Companies such as Biomin, Cargill, Delacon, DuPont, Kemin Industries, Adisseo, Pancosma and Nutrex dominate the global market due to brand reputation, product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.

Resources:
• Research Nester, Phytogenic Feed Additives Market – Global Demand Analysis & Opportunity Outlook 2027 (2018-2027), https://www.researchnester.com/reports/phytogenic-feed-additives-market/973
• Allied Market Research, Phytogenic Market by Product: Global Opportunity Analysis and Industry Forecast, 2019-2026, https://www.alliedmarketresearch.com/phytogenic-market-A06014
• Markets and Markets, Phytogenic Feed Additives Market – Global Forecast to 2025, https://www.marketsandmarkets.com/Market-Reports/feed-phytogenic-market-162036047.html
• MarketResearch.com, Global Phytogenic Feed Additives Market Size, https://www.marketresearch.com/Bizwit-Research-Consulting-v4223/Global-Phytogenic-Feed-Additives-Size-30444298/