Reports > Life Sciences > Feed Phytogenic Market Report
Feed Phytogenic Market Size, Share, Industry Trends and Forecast to 2033
This market report provides a comprehensive analysis of the Feed Phytogenic market from 2023 to 2033, including detailed insights on market size, trends, regional dynamics, and competitive landscape. It aims to guide stakeholders with informed decision-making and foresight into future developments.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.50 Billion |
| CAGR (2023-2033) | 6.2% |
| 2033 Market Size | $2.78 Billion |
| Top Companies | BASF SE, Royal DSM N.V., Kemin Industries, Inc., Cargill, Incorporated, Nutreco N.V. |
| Last Modified Date | 15 Nov 2024 |
Feed Phytogenic Market Report (2023 - 2033)
Feed Phytogenic Market Overview
What is the Market Size & CAGR of Feed Phytogenic market in 2023?
Feed Phytogenic Industry Analysis
Feed Phytogenic Market Segmentation and Scope
Request a custom research report for industry.
Feed Phytogenic Market Analysis Report by Region
Europe Feed Phytogenic Market Report:
The European market is characterized by a strong regulatory framework favoring natural feed additives. The market is anticipated to expand from USD 0.47 billion in 2023 to USD 0.88 billion by 2033, driven by increasing investments in research and sustainable farming practices.Asia Pacific Feed Phytogenic Market Report:
The Asia Pacific region is projected to witness significant market growth due to the expanding livestock population and increased awareness of feed additives. The market size in 2023 is estimated at USD 0.26 billion, growing to USD 0.48 billion by 2033, reflecting a strong CAGR driven by the rising demand for quality meat, eggs, and dairy products.North America Feed Phytogenic Market Report:
North America, with its advanced agricultural practices and established livestock sector, is expected to lead the Feed Phytogenic market, growing from USD 0.54 billion in 2023 to USD 1.01 billion by 2033. Innovations in feed formulations and stringent regulations against antibiotics in animal husbandry contribute to this robust growth.South America Feed Phytogenic Market Report:
In South America, the Feed Phytogenic market remains relatively small, valued at USD 0.02 billion in 2023, expected to reach USD 0.04 billion by 2033. The gradual adoption of natural feed additives in livestock feed is driven by the steady growth of agribusiness and consumer demand for healthy food products.Middle East & Africa Feed Phytogenic Market Report:
The Middle East and Africa market is gradually evolving, with the market size growing from USD 0.20 billion in 2023 to USD 0.37 billion by 2033. Increased awareness and adoption of phytogenic additives to improve livestock health and productivity are pivotal in this growth trajectory.Request a custom research report for industry.
Feed Phytogenic Market Analysis By Application
Global Feed-Phytogenic Market, By Application Market Analysis (2023 - 2033)
The application of Feed Phytogenic spans various sectors, particularly livestock, poultry, and aquaculture. In 2023, the livestock segment dominates the market with an estimated size of USD 0.98 billion, expected to reach USD 1.82 billion by 2033, representing a significant share of 65.32%. The poultry segment follows, currently valued at USD 0.43 billion and projected to grow to USD 0.79 billion, holding 28.47% of the market share.
Feed Phytogenic Market Analysis By Source
Global Feed-Phytogenic Market, By Source Market Analysis (2023 - 2033)
In terms of source, herbs and spices are the leading contributors to the Feed Phytogenic market. The herbs segment accounts for about USD 0.98 billion in size for 2023 and is forecasted to reach USD 1.82 billion by 2033. Spices represent a significant part as well, with a market value of USD 0.43 billion in 2023 and expected growth to USD 0.79 billion by 2033.
Feed Phytogenic Market Analysis By Form
Global Feed-Phytogenic Market, By Form Market Analysis (2023 - 2033)
Considering product forms, powders remain the most popular choice, with an estimated market size of USD 0.98 billion in 2023, showing growth towards USD 1.82 billion by 2033. Liquids and pellets are also present, with respective sizes of USD 0.43 billion and USD 0.09 billion in 2023, projected to grow to USD 0.79 billion and USD 0.17 billion respectively.
Feed Phytogenic Market Analysis By Functionality
Global Feed-Phytogenic Market, By Functionality Market Analysis (2023 - 2033)
Functional aspects such as antimicrobial, antioxidant, and digestive health are pivotal in the Feed Phytogenic market. The antimicrobial segment records a substantial size of USD 0.98 billion in 2023, forecasting growth to USD 1.82 billion by 2033, while antioxidants are anticipated to rise from USD 0.43 billion to USD 0.79 billion in the same period.
Feed Phytogenic Market Analysis By End User
Global Feed-Phytogenic Market, By End-User Market Analysis (2023 - 2033)
The Feed Phytogenic market serves diverse end-users, notably feed manufacturers and livestock producers. The market share for feed manufacturers is substantial, with projections indicating growth from USD 0.98 billion in 2023 to USD 1.82 billion by 2033, while pet food producers and food supplement manufacturers also experience growth, reflecting a shift towards natural ingredients.
Feed Phytogenic Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Feed Phytogenic Industry
BASF SE:
BASF SE is a leading global chemical company that provides innovative feed additives, including phytogenics. Their product portfolio focuses on enhancing animal performance and health through research-driven solutions.Royal DSM N.V.:
Royal DSM N.V. specializes in nutritional products and has a strong emphasis on sustainability. They offer a range of phytogenic products that improve feed efficiency and promote animal wellness, aligning with market trends.Kemin Industries, Inc.:
Kemin Industries is a prominent player in the animal nutrition sector, providing customized feed solutions and phytogenic additives that enhance livestock health and productivity across global markets.Cargill, Incorporated:
Cargill operates in various segments of the food production chain and provides a wide range of feed additives including phytogenics that respond to consumer demand for natural and effective animal nutrition.Nutreco N.V.:
Nutreco N.V. is involved in animal nutrition and aquafeed, focusing on advancing animal nutrition through innovative products, including phytogenics that support sustainable livestock production.We're grateful to work with incredible clients.
