The Middle East and Africa Feed Phytogenics Market was worth 51.24 Million in 2021 and estimated to be growing at a CAGR of 5.70%, to reach 65.89 Million by 2026.
The 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.
The growth of the Middle East and Africa Feed Phytogenics market is majorly driven by factors such as increasing reliability on natural growth promoters, rise in per-capita meat intake, and rising health awareness regarding the usage of antibiotics. 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 in this region.
Essential oils lead the Feed Phytogenics market and are also projected to grow at the highest CAGR during the forecast period. This is due to the extensive range of health benefits provided such as gut health support, antibiotic cutback, and healthy ingestion in poultry.
Under this segment, Poultry leads the market accounting for more than 35% of the market share. However, calf is projected to be the fastest growing segment with a CAGR of 7.8%, as they protect them from scours, diarrhoea and other gastrointestinal discrepancies.
The market has been geographically segmented into Middle East and Africa. The African meat market is projected to grow sharply in the coming few decades. Other than the rising demand for organic foods, phytogenics are mainly favoured for their production value wherein they significantly decrease the cost of production. The growing income levels would be the crucial driver for the market in Africa, as Rwanda, South Africa, Botswana, and Egypt are projected to be the most rapidly developing countries in Africa.
The major players in the market are fixated on broadening their distribution networks to cater to the wider market. The major companies dominating the Feed Phytogenics market in this region are Cargill Inc., DuPont, Biomin, Pancosma SA, and Delacon Biotechnik.
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