Feed Phytogenics Market Size, Share, Industry, Forecast and outlook (2023-2030)
Phytogenic feed additives, known as PFAs or botanicals, are substances of plant origin added to animal diets at recommended levels to improve animal performance.Phytogenics are known to have a range of biologically active properties that are beneficial in modern livestock production, including antioxidative, anti-inflammatory, anti-microbial, and digestion-enhancing effects.
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Market Dynamics
The rising awareness about animal health & feed quality, the emergence of new technologies like an encapsulation of feed phytogenics, consumer demand for more natural products, and increased affordability of phytogenics due to rising the availability and commoditization of various herbs used in phytogenic products are some of the critical factors which are expected to fuel the demand for feed phytogenics during the forecast period.The increasing public concerns over the use of antibiotics as growth promoters are also driving the market for feed phytogenics. Antibiotics have long been used at sub-therapeutical levels in poultry, swine, aquaculture, and ruminant diets for better growth performance. However, the use of antibiotics as growth enhancers in animal feed is becoming limited due to the increasing public concerns over the spread of antibiotic resistance in zoonotic bacterial pathogens, which poses a threat to public health.
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Segment Analysis
The Global Feed Phytogenics market report segments the market by type and by livestock. By type includes Essential Oils, Herbs & Spices, Oleoresins, and Others. Essential oils have the most dominant market share in this segment. They are used for increasing animal performance.Essential oils can also be used in various blends and have strong aromatic and flavoring properties which drive the demand for these oils as feed additives. In ruminants, essential oils play an important role in reducing rumen ammonia production and increasing protein by mass.They help in effective weight gain in pig production applications. Because of these advantages, essential oils have a larger share than other segments.Based on the type of livestock, the market can be classified as Swine, Ruminants, Aquatics, Poultry, and Others.
Competitive Landscape
The Global Feed Phytogenics market report profiles the following companies-
Biomin GmbH, Delacon Biotechnik GmbH, Pancosma SA, Nor-Feed Sud, Phytosynthèse, Phy-probiotics Futterzusatzstoffe GmbH, Dostofarm GmbH, Kemin Industries Inc., Danisco A/S, and Natural Remedies.
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