Feed Phytogenics Market

Feed Phytogenics Market Size & Growth 2022 - 2027:

Feed Phytogenics Market was worth USD 576.83 million in 2021 and estimated to be growing at a CAGR of 6.35%, to reach USD 784.76 Million by 2026. The global feed phytogenics market is growing at a substantial rate due to the progress in the animal feed industry.

Phytogenic feed Ingredients such as essential oils, oleoresins, and herbs & species are utilized in animal food. These additives enhance nutrition to livestock such as swine, cattle & broiler which are mainly used for meat intake as a source of protein. These products are also known to have antiviral, antifungal, and antimicrobial characteristics.

Market Drivers:

The growth of the global Feed Phytogenics market is majorly driven by factors such as increasing reliability on natural growth promoters, rise in per-capita meat intake, and ban of in-feed antibiotics by the EU. However, the lack of efficacy of these compounds due to their intricate nature and volatile nature of essential oils are the main factors hindering the growth of the market.

FEED PHYTOGENICS MARKET REPORT COVERAGE:

Market Segmentation:

Feed Phytogenics Market Ingredients:

• Essential oils

• Oleoresins
• Herbs
• Species

Feed Phytogenics Market Animal Type:

• Poultry
• Aquaculture
• Swine
• Ruminant
• Others

Feed Phytogenics Market Application:

• Flavoring and Aroma
• Organic Trace minerals
• Anti-Parasitic
• Feed Intake and Digestibility
• Others

Feed Phytogenics Market is geographically divided into:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Asia-Pacific is the largest market for Feed Phytogenics followed by Europe and North America. Ban on antibiotic growth promoters in the developed world due to growing health concerns is likely to drive the demand of the global Feed Phytogenics market.

Key Players:

The major players in the market are fixated on broadening their distribution networks to cater to the wider market. The major companies dominating the global Feed Phytogenics market are Cargill Inc., DuPont, Biomin, Pancosma SA, and Delacon Biotechnik.