Phytogenic Feed Additives Market

Phytogenic Feed Additives Market Overview

Phytogenic feed additives are the substance derived from the plants used in feed and helps in improving the performance of livestock. It provides antioxidative effects to enhance palatability, improve gut health, and promote the growth of the livestock. Phytogenic feed additives are processed from herbs & spices, medicinal plants, flowers and fruits & vegetables for intensive aroma and palatable taste. It is available in various types such as essential oils, flavonoids, saponins, oleoresins, among others. Phytogenic feed additives provide numerous benefits to livestock such as increase feed intake, improves gut function, and offers antioxidant & antimicrobial properties to stimulate growth performance of the swine, poultry, ruminants, aquatic animals, and others.

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Major Phytogenic Feed Additives Market Drivers

The major factors propelling growth of the global phytogenic feed additives market include increasing demand for naturally produced feed additives, growing usage for encapsulated technology to enhance the efficiency of phytogenic feed additives, and the rising concern of animal health and feed quality among the livestock producers. In addition to this, the rising popularity of natural solutions for pet food nutrition will boost the growth of the global phytogenic feed additives market in coming years. For instance, COVID-19 is expected to moderately impact the global phytogenic feed additives market driven by the international trade restrictions, less availability of labor, and reduced consumption of livestock products which may have short term impact on the market growth.

The growing concerns regarding the consumption of livestock products among consumers due to the COVID-19 pandemic have encouraged the leading players to opt for different natural and organic alternatives in the feed industry such as phytogenic feed additives, thereby creating numerous opportunities in the near future. However, the high cost of the active ingredients that are used in phytogenic feed additives is a key restraint for the growth of the global phytogenic feed additives market during the forecast period.

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Based on type, the essential oils segment is expected to grow at a higher CAGR during the forecast period due to the increasing preference of the essential oils by the leading animal feed manufacturers and livestock producers. Additionally, the increasing adoption of the essential oils pertaining to improve gut health and support healthy digestion in poultry will further drive the demand of the essential oils segment.

Based on source, the herbs & spices segment is projected to grow at a faster CAGR during the forecast period owing to the increasing usage of these sources to extract phytogenic feed additives across the globe. Moreover, the herbs and spices offer anti-inflammatory properties and promote healthy digestion of livestock. These factors will support the market growth in coming years.

Based on livestock, the poultry segment is anticipated to dominate the global phytogenic feed additives market due to the rapid growth in poultry meat production which has increased the demand for superior quality feed, thereby surging the segment growth.

Based on form, the liquid segment is predicted to witness higher CAGR over the forecast period owing to the high usage of liquid phytogenic feed additives in poultry and ruminant diets. Furthermore, the rising adoption of the liquid form driven by the increasing feed utilization and consumption by animals will energize the segment growth.

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Regional – Segment Analysis

Based on the region, Europe is expected to grow at a higher CAGR in the global phytogenic feed additives market during the forecast period owing to the increasing restriction on the use of antibiotics in animal feed, strict regulations imposed by the European Commission on the synthetic feed additives, and the rising consumption of phytogenics in the livestock feed to increase the feed palatability and performance of the livestock. In addition to this, the growing adoption of natural growth promoters pertaining to minimize diseases in the arable land will boost the market growth of the Europe region.

Top Market Players

Various notable players operating in the market include Cargill, Incorporated, Delacon Biotechnik GmbH, BIOMIN Holding GmbH, Bluestar Adisseo Co., Ltd., DowDuPont, Kemin Industries, Inc., Dostofarm GmbH, Phytobiotics Futterzusatzstoffe GmbH, Synthite Industries Ltd., and Silvateam S.P.A, among others.

Key Developments:

• • In 2020, Kemin Industries, Inc. launched VANNIX™ C4 in the US. VANNIX™ C4 is introduced for poultry producers which is the unique solution as compared to the conventional phytogenic feed additives.
  • In 2019, Kemin Industries expanded its operations by opening a new manufacturing facility in India. The expansion would allow the company to cater to the increasing demand for specialized nutritional ingredients.
  • In 2018, Bluestar Adisseo acquired Nutriad Inc., which is a feed additives company. The acquisition helped Bluestar Adisseo to expand its specialties business, particularly its feed phytogenic additives product line for livestock.

Segments covered in the Report:

The global phytogenic feed additives market has been segmented based on type, livestock, source, form, function, and regions. Based on type, the market is segmented essential oils, flavonoids, saponins, oleoresins, and others. Based on the livestock, the market is segmented poultry, swine, ruminants, aquatic animals and others. Based on source, the market is segmented herbs & spices, flowers and fruits & vegetables. Based on form, the market is segmented liquid and dry. Based on function, the market is segmented performance enhancers, antimicrobial properties, palatability enhancers and others.

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Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Livestock, By Source, By Form, By Function, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Cargill, Incorporated, DowDuPont, Kemin Industries, Inc., Synthite Industries Ltd., Silvateam S.P.A, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Phytogenic Feed Additives Market by Type

• • Essential Oils
  • Flavonoids
  • Saponins
  • Oleoresins
  • Others

Global Phytogenic Feed Additives Market by Livestock

• • Poultry
  • Swine
  • Ruminants
  • Aquatic Animals
  • Others

Global Phytogenic Feed Additives Market by Source

• • Herbs & Spices
  • Flowers
  • Fruits & Vegetables

Global Phytogenic Feed Additives Market by Form

• • Liquid
  • Dry

Global Phytogenic Feed Additives Market by Function

• • Performance Enhancers
  • Antimicrobial Properties
  • Palatability Enhancers
  • Others

Global Phytogenic Feed Additives Market by Region

• • North America Phytogenic Feed Additives Market (Option 1: As a part of the free 25% customization)

    • North America Phytogenic Feed Additives Market by Type
    • North America Phytogenic Feed Additives Market by Livestock
    • North America Phytogenic Feed Additives Market by Source
    • North America Phytogenic Feed Additives Market by Form
    • North America Phytogenic Feed Additives Market by Function
    • US Phytogenic Feed Additives Market All-Up
    • Canada Phytogenic Feed Additives Market All-Up

  • Europe Phytogenic Feed Additives Market (Option 2: As a part of the free 25% customization)

    • Europe Phytogenic Feed Additives Market by Type
    • Europe Phytogenic Feed Additives Market by Livestock
    • Europe Phytogenic Feed Additives Market by Source
    • Europe Phytogenic Feed Additives Market by Form
    • Europe Phytogenic Feed Additives Market by Function
    • UK Phytogenic Feed Additives Market All-Up
    • Germany Phytogenic Feed Additives Market All-Up
    • France Phytogenic Feed Additives Market All-Up
    • Spain Phytogenic Feed Additives Market All-Up
    • Rest of Europe Phytogenic Feed Additives Market All-Up

  • Asia-Pacific Phytogenic Feed Additives Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Phytogenic Feed Additives Market by Type
    • Asia-Pacific Phytogenic Feed Additives Market by Livestock
    • Asia-Pacific Phytogenic Feed Additives Market by Source
    • Asia-Pacific Phytogenic Feed Additives Market by Form
    • Asia-Pacific Phytogenic Feed Additives Market by Function
    • China Phytogenic Feed Additives Market All-Up
    • India Phytogenic Feed Additives Market All-Up
    • Japan Phytogenic Feed Additives Market All-Up
    • Rest of APAC Phytogenic Feed Additives Market All-Up

  • RoW Phytogenic Feed Additives Market (Option 4: As a part of the free 25% customization)

    • RoW Phytogenic Feed Additives Market by Type
    • RoW Phytogenic Feed Additives Market by Livestock
    • RoW Phytogenic Feed Additives Market by Source
    • RoW Phytogenic Feed Additives Market by Form
    • RoW Phytogenic Feed Additives Market by Function
    • Brazil Phytogenic Feed Additives Market All-Up
    • South Africa Phytogenic Feed Additives Market All-Up
    • Saudi Arabia Phytogenic Feed Additives Market All-Up
    • UAE Phytogenic Feed Additives Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Phytogenic Feed Additives Market All-Up

 Major Players Operating the Phytogenic Feed Additives (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cargill, Incorporated
  • Delacon Biotechnik GmbH
  • BIOMIN Holding GmbH
  • Bluestar Adisseo Co., Ltd.
  • DowDuPont
  • Kemin Industries, Inc.
  • Dostofarm GmbH
  • Phytobiotics Futterzusatzstoffe GmbH
  • Synthite Industries Ltd.
  • Silvateam S.P.A