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The Growing Animal Feed Industry Fueling The Growth Of The Market Due To Rising Global Demand For Animal Protein: Key Factor Driving The Growth In The Phytogenic Feed Additives Market
Phytogenic Feed Additives Market
What Is the Expected Phytogenic Feed Additives Market Size During the Forecast Period?
In recent years, the market size for phytogenic feed additives has seen significant growth. The market is projected to expand from $1.09 billion in 2024 to $1.18 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.5%. This historic growth pattern could be attributed to an escalating demand for antibiotic alternatives for livestock, enhanced consciousness about natural feed components among farmers, and a heightened focus on boosting gut health and immunity in animals. Furthermore, there is a rising inclination towards sustainable animal farming practices and an increased governmental backing for natural feed additive solutions.
In the years to come, the market size for phytogenic feed additives is predicted to witness significant growth, with expectations of reaching $1.62 billion in 2029, boasting a compound annual growth rate (CAGR) of 8.2%. Increased occurrences of zoonotic diseases associated with synthetic additives, a growing consumer inclination towards traceable and organically labelled meat products, the expansion of digitalization in livestock farming to track feed performance, heightened concerns about food safety and quality, and the emerging popularity of functional feed elements are all contributory factors to this expansion in the forecast period. The period will likely also see trends such as the integration with probiotics and enzymes, encapsulation technologies, innovative extraction and formulation strategies, antibiotic-free protocol development, integration into precision livestock farming, and advancements in synergistic blends.
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What Are the High-Growth Segments in the Phytogenic Feed Additives Market?
The phytogenic feed additives market covered in this report is segmented -
1) By Type: Essential Oils, Flavonoids, Saponins, Oleoresins, Other Types
2) By Form: Powder, Liquid, Granules
3) By Application: Antimicrobial Effect, Digestion Enhancement, Growth Promotion, Accelerated Graphics Port Replacement, Other Applications
4) By End-Use Industry: Animal Feed Industry, Pet Food Industry, Aquaculture Industry
Subsegments:
1) By Essential Oils: Thyme Oil, Oregano Oil, Peppermint Oil, Eucalyptus Oil, Garlic Oil
2) By Flavonoids: Citrus Flavonoids, Soy Flavonoids, Tea Flavonoids
3) By Saponins: Quillaja Saponins, Yucca Saponins
4) By Oleoresins: Capsicum Oleoresin, Turmeric Oleoresin, Paprika Oleoresin, Ginger Oleoresin
5) By Other Types: Tannins, Alkaloids, Limonoids, Terpenoids
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What Key Drivers Are Expected to Influence Future Phytogenic Feed Additives Market Growth?
Moving forward, the phytogenic feed additives market is anticipated to be driven by the expanding animal feed industry. This industry is involved with the creation, processing, and distribution of feed products tailored to cater to the dietary needs of livestock, poultry, aquaculture, and other animals. The growth of the animal feed industry is largely due to the rising worldwide demand for animal protein, fueled by an increasing population and shifts in dietary trends. Phytogenic feed additives contribute to the animal feed industry by providing natural, plant-based solutions that enhance animal health and performance. These additives promote gut health, strengthen immunity, and encourage growth. This leads to sustainable and more efficient livestock production. For example, according to the Department for Environment, Food and Rural Affairs, a department of the UK government, total animal feed production rose to 31,128 tonnes in 2023 from 29,397 tonnes in 2022. With the expansion of the animal feed industry, the phytogenic feed additives market also grows.
Which Companies Hold the Largest Share Across Different Phytogenic Feed Additives Market Segments?
Major companies operating in the phytogenic feed additives market are Cargill Incorporated, Archer-Daniels-Midland Company, BASF SE, SHV Holdings, DuPont de Nemours Inc., DSM-Firmenich AG, Land O'Lakes Inc., Alltech Inc., Kemin Industries Inc., Synthite Industries Private Limited, Natural Remedies Pvt. Ltd., Esseco Group, Biovet, Nutrex N.V, Camlin Fine Sciences Ltd, Phytobiotics Futterzusatzstoffe GmbH?, Growell India Private Limited, Indian Herbs Specialities Pvt. Ltd., Green Pharma, Phytosynthese S.A.S.
What Trends Are Expected to Dominate the Phytogenic Feed Additives Market in the Next 5 Years?
Firms majorly contributing to the phytogenic feed additives market are increasingly concentrating on the creation of innovative goods like shrimp supplementation products to bolster growth, enhance immunity and increase overall efficiency in shrimp production. Shrimp supplementation products are specialized formulations of feed additives or nutritional supplements designed to improve the growth, health, immunity, and overall performance of shrimps in aquaculture. For example, Kemin AquaScience, an American biotech research firm, unveiled a natural phytogenic feed additive, Pathorol, in April 2023, aimed at enhancing the health of farmed shrimps. This is a shrimp supplementation product that fosters the well-being of the hepatopancreas, which is critical to shrimp digestion. In addition to enhancing feed digestibility and growth performance in shrimps, this product also mitigates the variability in shrimp size, thereby encouraging healthy growth and enhancing productivity.
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What Are the Emerging Geographies for The Phytogenic Feed Additives Market Growth?
North America was the largest region in the phytogenic feed additives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phytogenic feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Phytogenic Feed Additives Market?
2. What is the CAGR expected in the Phytogenic Feed Additives Market?
3. What Are the Key Innovations Transforming the Phytogenic Feed Additives Industry?
4. Which Region Is Leading the Phytogenic Feed Additives Market?
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