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What Is the Current and Projected Market Size of the Phytogenic Feed Additives Market Through 2034?

The market for phytogenic feed additives has seen robust growth in recent years, expanding from $1.09 billion in 2024 to an estimated $1.18 billion the following year, with a compounded annual growth rate (CAGR) of 8.5%. This surge during the historic period was influenced by rising demand for alternatives to antibiotics in animal husbandry, broadening farmer awareness of organic feed ingredients, intensified efforts to enhance gastrointestinal health and immunity in animals, a rising trend towards environmentally friendly animal farming methods and heightened government backing for organic feed additive strategies.

The market for phytogenic feed additives is anticipated to experience vigorous growth in the coming years, with the market size projected to reach $1.62 billion in 2029 with a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this projected growth are an increasing number of zoonotic illnesses tied to synthetic additives, higher consumer propensity towards meat products with clean labels and traceability, the expansion of digitization in livestock farming for monitoring feed efficiency, escalating concerns surrounding food safety and quality, along with a growing trend towards functional feed ingredients. The forecast period may see several trends including encapsulation technologies, sophisticated extraction and formulation approaches, the development of antibiotic-free protocols, precision livestock farming integration, innovative synergistic mixtures, and incorporation with probiotics and enzymes.

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What Are the Primary Drivers Supporting the Market Growth of the Phytogenic Feed Additives Market?

The expansion of the phytogenic feed additives market is projected to be driven by the burgeoning animal feed industry. This industry encompasses the creation, process, and supply of feed goods specifically designed to cater to the nutritional requirements of livestock, poultry, aquaculture, and other animals. The escalating global demand for animal protein, stimulated by a growing population and evolving diet preferences, underlies the growth of this industry. Phytogenic feed additives offer plant-derived alternatives that enhance animal health and productivity, thereby augmenting the animal feed industry. These additives foster gut health, bolster immunity, and promote growth, paving the way for sustainable and efficient production of livestock. As an illustration, the Department for Environment, Food and Rural Affairs, a government department based in the UK, reported in July 2024 that the overall production of animal feed witnessed an increase from 29,397 tonnes in 2022 to 31,128 tonnes in 2023. Consequently, the flourishing animal feed industry is spurring the expansion of the phytogenic feed additives market.

Which Primary Segments of the Phytogenic Feed Additives Market Are Driving Growth and Industry Transformations?

The phytogenic feed additives market covered in this report is segmented –

1) By Type: Essential Oils, Flavonoids, Saponins, Oleoresins, Other Types

2) By Form: Powder, Liquid, Granules

3) By Application: Antimicrobial Effect, Digestion Enhancement, Growth Promotion, Accelerated Graphics Port Replacement, Other Applications

4) By End-Use Industry: Animal Feed Industry, Pet Food Industry, Aquaculture Industry

Subsegments:

1) By Essential Oils: Thyme Oil, Oregano Oil, Peppermint Oil, Eucalyptus Oil, Garlic Oil

2) By Flavonoids: Citrus Flavonoids, Soy Flavonoids, Tea Flavonoids

3) By Saponins: Quillaja Saponins, Yucca Saponins

4) By Oleoresins: Capsicum Oleoresin, Turmeric Oleoresin, Paprika Oleoresin, Ginger Oleoresin

5) By Other Types: Tannins, Alkaloids, Limonoids, Terpenoids

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Which Regions Are Key Players in the Growth of the Phytogenic Feed Additives Market?

North America was the largest region in the phytogenic feed additives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phytogenic feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Most Significant Market Trends in the Phytogenic Feed Additives Market?

Leading businesses in the phytogenic feed additives industry are adjusting their strategies to focus on the creation of novel products such as shrimp supplements, with the aim of promoting growth, boosting immune health, and augmenting the efficiency of overall shrimp production. Shrimp supplementation products involves additives or nutritional supplements uniquely crafted to uplift the development, health status, immunity, and total performance of shrimps in aquaculture. A case in point, in April 2023, Kemin AquaScience, an American biotech research firm, launched into the market Pathorol, a naturally derived phytogenic feed additive aimed at improving the health of farm-raised shrimps. Pathorol, is a shrimp supplement product engineered to enhance the health of the hepatopancreas, a crucial organ responsible for shrimp digestion. This product not only increases feed digestibility and growth performance, but also minimizes size variability in shrimps, thus fostering robust growth and heightened productivity.

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What Parameters Are Used to Define the Phytogenic Feed Additives Market?

Phytogenic feed additives (PFAs) are natural substances derived from herbs, spices, essential oils, and plant extracts used in animal nutrition. Their primary purpose is to enhance animal growth, improve gut health, and boost feed efficiency. PFAs also offer antimicrobial and antioxidant properties, serving as sustainable alternatives to antibiotic growth promoters.

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