New Product Launches is Bolstering the Feed Phytogenics Market

The feed phytogenics market is anticipated to grow at a significant CAGR of 7.1% during the forecast period (2025-2035). The market growth is driven by the increasing antibiotic-free nature of phytogenics and other health-related benefits of phytogenics in animals. The global feed phytogenics market is segmented by type (spices and herbs, essential oils, and oleoresins) by livestock (swine, poultry, ruminants, and others), and by geography (North America, Europe, Asia-Pacific, and the Rest of the World).

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Market Dynamics

The oleoresins segment is expected to hold a prominent share in the market during the forecast period, owing to the rise of oleoresins among feed additives for improving the health of livestock animals.

Asia-Pacific region is expected to project the highest growth, attributed to increasing investment in livestock activity, and rising health concerns of the people, which lead to higher consumption of feed additives ingredients in the different kinds of food.

Additionally, the rising government support for sustainable animal husbandry is driving the regional market growth. For instance, according to the Department of Animal Husbandry & Dairying Report 2022, the government of India has allocated 19.00 million to Animal Husbandry Infrastructure Development Fund (AHIDF) under the Atma Nirbhar Bharat Abhiyan stimulus package.

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The major companies serving the global feed phytogenics market are Archer Daniels Midland Co., Cargill Inc., Himalaya Food International Ltd., International Flavors & Fragrances Inc., Royal DSM, Dostofarm Gmbh, DSM Austria GmbH, Igusol S.A., and others. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches. For instance, in July 2024, NUQO expanded its global reach with affiliates in Thailand, Mexico, and India.

Recent Developments

In April 2023, Kemin AquaScience™ launched the Pathorol™ for farmed shrimp health. The additive has been launched in multiple Asian countries. The photogenic-based feed additive reduces the impact of parasitic infection in shrimps and promotes hepatopancreatic health.

In January 2023, Evonik and Dr. Eckel Animal Nutrition entered into a partnership to expand the product portfolio of Evonik's Animal Nutrition business. The expansion is planned in the Gut Health Solutions area to include the photogenic product class.

In June 2022, Cargill acquired Delacon to create a leading plant-based phytogenic feed additives business for healthier animal nutrition.

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