Market Size of feed phytogenics Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 500.46 Million |
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Market Size (2029) | USD 613.94 Million |
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Largest Share by Sub Additive | Essential Oil |
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CAGR (2024 - 2029) | 4.17 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Feed Phytogenics Market Analysis
The Feed Phytogenics Market size is estimated at 500.46 million USD in 2024, and is expected to reach 613.94 million USD by 2029, growing at a CAGR of 4.17% during the forecast period (2024-2029).
500.46 Million
Market Size in 2024 (USD)
613.94 Million
Market Size in 2029 (USD)
4.28 %
CAGR (2017-2023)
4.17 %
CAGR (2024-2029)
Largest Market by Sub-Additive
75.06 %
value share, Essential Oil, 2023
Essential oils have the largest market share because they are cost-effective, enhance the production of digestive secretions, and stimulate blood circulation.
Largest Market by Region
31.37 %
value share, Asia-Pacific, 2023
Asia-Pacific has the largest market share due to increasing industrial livestock production in China and India, and compound feed production has increased in the region.
Fastest-growing Market by Sub-Additive
4.19 %
Projected CAGR, Herbs & Spices, 2024-2029
Herbs and spices are growing at the fastest rate because of their potential role as alternatives to antibiotic growth promoters (AGPs) and antimicrobial properties.
Fastest-growing Market by Region
5.05 %
Projected CAGR, North America, 2024-2029
North America is witnessing the fastest growth as it provides alternatives to antibiotics due to environmental concerns over animal waste pollution, leading to a ban on antibiotics.
Leading Market Player
17.86 %
market share, DSM Nutritional Products AG, 2022
DSM is the market leader as it acquired Biomin Holdings, and Midori USA expanded its research facility in Austria and launched a new photogenic product called Crina Digest.
- The use of antibiotics in animal diets led to concerns about animal health, resulting in a growing demand for alternative solutions. Phytogenics, or plant-derived substances, are potential alternatives to antibiotics and are increasingly used in animal diets to improve performance. In 2022, phytogenics accounted for 1.4% of the feed additives market. Phytogenics are popular due to their improved resistance and gut efficiency compared to antibiotics. The global feed phytogenics market is expected to record a CAGR of 4.2% during the forecast period.
- Essential oils, which are cost-effective, enhance the production of digestive secretions, and stimulate blood circulation, accounted for USD 0.3 billion of the global feed phytogenics market in 2022.
- Asia-Pacific held the largest share of the global feed phytogenic market, accounting for 31.3% in 2022, due to the higher feed production of around 0.5 million metric tons and a higher animal population. In the same year, North America and Europe accounted for 25.3% and 23.7% of the market, respectively. North America is the fastest-growing market for feed phytogenics, recording a projected CAGR of 5% during the forecast period. The United States was the fastest-growing country in 2022, with a CAGR of 5.5%, due to the adoption of new technologies in animal farming.
- The ban on antibiotics and the growing demand for alternative solutions to antibiotics are expected to drive the global feed phytogenics market at a CAGR of 4.2% during the forecast period.
Understand The Key Trends Shaping This Market
- The global market for feed phytogenics, which is primarily consumed in the Asia-Pacific region, experienced substantial growth in recent years. Between 2017 and 2022, the market increased by 40% due to the rapidly developing livestock industry and an increase in regional demand for meat and meat products. As a result, the demand for feed phytogenics in the Asia-Pacific region is expected to register a CAGR of 4.2% during the forecast period.
- In 2022, the largest consumption of feed phytogenics in the Asia-Pacific region was due to the increase in livestock farming, which led to a boost in feed production. The region had 17.25 billion animals in 2021, accounting for 51.7% of the global market. North America and Europe were also major regions for feed phytogenics, accounting for 25.3% and 23.7% of the market, respectively. Feed production in North America increased significantly, from 215.5 million metric tons in 2017 to 281.2 million metric tons in 2022.
- In 2022, the United States and China were the leading countries in the feed phytogenics market, occupying 17.7% and 13.7% of the market, respectively. With a ban on the use of feed antibiotics in the United States, European countries, and other countries, phytogenics have become an important alternative to AGPs.
- The growing demand for quality meat and milk in the global market and rising disposable income in developed economies are increasing the preference for natural ingredients in animal feed, creating numerous profitable opportunities for the feed phytogenics market. As a result, the market is expected to continue registering a CAGR of 4.1% during the forecast period due to the growing animal population and the demand for quality feed for animals.
