North America Phytogenic Feed Additives Market, By Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Tannins, and Others), Type of Animal Feed (Poultry Feed, Ruminants Feed, Aqua Feed, Swine Feed, and Others), Sources (Herbs and Spices), Form (Dry and Liquid), Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Digestion Enhancers, and Others) - Industry Trends and Forecast to 2030.
North America Phytogenic Feed Additives Market Analysis and Size
The surging demand for natural feed additives, the increase in consumption of animal protein, stringent regulations on antibiotic feed additives, and the escalating concern regarding animal welfare, are some of the factors expected to drive market growth. However, the availability of established alternatives for feed additives in the market is expected to restrain market growth.
The North America phytogenic feed additives market report provides details of market share, new developments, and the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
The North America phytogenic feed additives market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 9.0% in the forecast period of 2023 to 2030 and is expected to reach USD 338.63 million by 2030 from USD 172.07 million by 2022.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (Essential Oils, Flavonoids, Saponins, Oleoresins, Tannins, and Others), Type of Animal Feed (Poultry Feed, Ruminants Feed, Aqua Feed, Swine Feed, and Others), Sources (Herbs and Spices), Form (Dry and Liquid), Function (Performance Enhancers, Antimicrobial Properties, Palatability Enhancers, Digestion Enhancers, and Others)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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Cargill, Incorporated., DSM, Kemin Industries, Inc., ADM, Nutreco, Natural Remedies., Himalaya Wellness Company, Vinayak Ingredients. India, Silvateam S.p.a., Phytobiotics Futterzusatzstoffe GmbH, Tegasa, MIAVIT GMBH, Indian Herbs, Customer DOSTOFARM GmbH, British Horse Feeds, Orffa, Igusol, Glamac International Private Limited., and Nor-Feed among others
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Market Definition
Phytogenic is a class of organic growth promoters used as feed additives that are derived from herbs, spices, or other plants. The range of phytogenic feed additives is broad and includes essential oils and active ingredient classes such as saponins, flavonoids, mucilages, tannins, and bitter and pungent substances. Phytogenic feed additives are substances of plant origin added to animal diets at recommended levels to enhance animal growth and nutrition.
North America Phytogenic Feed Additives Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Stringent Regulations on Antibiotic Feed Additives
Antibiotics are a class of organic, semi-organic, or synthetic compounds with anti-microbial activity that are widely used to treat and prevent infectious illnesses in humans and animals. They may also be added to feed as growth promoters to aid in the development of animals.
The use of antibiotics in poultry and livestock production is seen as advantageous by farmers and the economy as a whole because it has generally improved poultry performance economically and effectively. However, the potential spread of antibiotic-resistant strains of pathogenic and non-pathogenic organisms into the environment and their subsequent transmission to humans via the food chain could seriously affect public health. Legislation and other restrictions on antibiotic usage in farm animals are being established worldwide due to these health concerns.
For instance,
- In November 2017, the WHO published an article against frequently administering antibiotics to stimulate growth and prevent sickness in healthy animals. By minimizing their needless use in animals, the new WHO recommendations seek to conserve the potency of antibiotics that are crucial for human health.
- According to European Commission, antibiotics have been utilized extensively in livestock agriculture worldwide for decades. They enhance the growth performance of farm animals when added in small dosages to their feed. However, the Commission decided to gradually phase out and ultimately ban the marketing and use of antibiotics as growth promoters in feed beginning in 2006 due to the rise in bacterial resistance towards antibiotics used to treat human and animal diseases.
It is unlikely that antibiotics will ever be eliminated from animal agriculture since doing so would harm the livestock sector. It is crucial to look for naturally occurring, accessible, affordable, and efficient growth promoters to replace Antibiotic Growth Promoters (AGPs) in livestock diets, especially in regions where antibiotics are prohibited. As a result, for the sake of environmental sustainability, human health, and food safety, researchers have recently focused more on natural alternatives that might replace the use of antibiotics in livestock production. This leads to effective alternatives called natural feed additives, such as phytogenic feed additives. These factors are expected to drive market growth.
Opportunity
- Rising Demand for Phytogenic Feed Additives in Aquaculture and Pet Feeds
The market of organic aquaculture is escalating as it tends to protect the consumers' health by the reduced usage of any synthetic or harmful chemicals. The growth of organic aquaculture leads to the increased involvement of organic feed additives in manufacturing organic aquaculture feed such as phytogenic feed additives. So, the increase in organic aquaculture is expected to create an opportunity for market growth.
For instance,
- In August 2020, Delacon launched a product named Syrena Boost. The product is a premixture of saponins, spices, and essential oils, providing complete phytogenic solutions to modern aquaculture practices. It was designed in a way that it could target gut performance and productivity. It comes in a micro-encapsulated manner to sustain its thermal stability and for the gradual intestinal release of the sensitive ingredients involved.
- In December 2020, according to the Philippines Journal of Fisheries, drugs were used for chemotherapy to reduce, prevent, and treat diseases in aquaculture. Thus, chemotherapy has some negative impacts on fish and human health. As a substitute, phytogenic feeds have shown exceptional results, such as appetite stimulation and weight gain. In addition to that, it is said to act as an immunostimulant inheriting anti-pathogenic properties in fishes.
Using phytogenic feed additives in aquaculture feed improves fish's appetite and acts as an organic growth promotor. In addition, the anti-microbial and anti-fungal properties of phytogenics are said to improve the health of fish by preventing and curing various diseases.
In conclusion, the aquaculture market is growing because of fish consumption by meat eaters and involvement in medicinal supplements such as fish oils. As aquaculture is now inclined towards organic methods, the consumption of organic-based feeds is increasing. Due to all reasons stated above, the usage of phytogenic feed additives in aquaculture is expected to provide an opportunity for market growth and all the phytogenic feed additive manufacturers.
Restraint/Challenge
- Availability of Established Alternatives for Feed Additives
Phytogenic feed additives are sought in animal husbandry to enhance immunity, performance, and overall health. The offset effects of antibiotics and increased production, the phytogenic feed additives introduced various feed components and the required adjustments in animal management.
Although phytogenic feed additives have various benefits and enhance animal performance and health, other natural feed additives such as prebiotics, probiotics, enzymes, organic acids, salts, essential oils, and seaweed are marketed. These additives are made from organic sources, including minerals, plants, and microbes. They are employed in animal nutrition to boost an animal's performance, health, and welfare. Besides phytogenic feed additives, numerous feed additives companies have recently introduced new products for some natural feed additives.
For instance,
- In November 2022, according to the article published in Feed-lot Magazine Inc, prebiotics are substances found in food that stimulate the development or activity of good bacteria and fungus. In the digestive system, prebiotics can change the composition of the bacteria in the gut microbiome. Precision prebiotic Amaferm from BioZyme, Inc. is made from a complete fermentation product from a particular strain of Aspergillus oryzae.
Thus, other natural feed additives are gaining prominence around the world. These additives have almost equal benefits compared to phytogenic feed additives, which are expected to restrain market growth.
Post-COVID-19 Impact on North America Phytogenic Feed Additives Market
The uncertainty caused due to the outbreak of the COVID-19 pandemic in the world had affected and changed the complete dynamics of North America industries and had a negative impact on the market growth of North America economics. The effects can be seen over the intensity and efficacy of containment efforts, behavioral changes (such as avoiding purchase and investment), shifts in spending patterns, containment efforts to the supply of disruptions, after-effects of dramatic tightening in the market, volatile commodity prices, and increasing debt burdens. Due to COVID-19, all the countries had faced a multi-layered crisis comprising domestic economic disruptions, plummeting external demand, collapse in prices, and collapse in the supply and demand of products.
Recent Developments
- In March 2023, Indian Herbs announced the launch of a new product named HEATBEAT for poultry. This product is a combination of natural vitamin C, organic chromium complex, and mint. This launch helped the company in the expansion of its product portfolio.
- In February 2022, Orffa announced a new distribution agreement with Eigenmann & Veronelli, a leading solution provider in the specialty chemicals and food ingredients industry in Rho (MI), Italy. This agreement would help the company to promote its products in Italy.
North America Phytogenic Feed Additives Market Scope
The North America phytogenic feed additives market is segmented into five notable segments based on type, type of animal feed, sources, form, and function. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Essential Oils
- Flavonoids
- Saponins
- Oleoresins
- Tannins
- Others
On the basis of type, the market is segmented into essential oils, flavonoids, saponins, oleoresins, tannins, and others.
Type of Animal Feed
- Poultry feed
- Ruminants feed
- Aqua feed
- Swine feed
- Others
On the basis of type of animal feed, the market is segmented into poultry feed, ruminants feed, aqua feed, swine feed, and others.
Sources
- Herbs
- Spices
On the basis of sources, the market is segmented into herbs and spices.
Form
- Dry
- Liquid
On the basis of form, the market is segmented into dry and liquid.
Function
- Performance Enhancers
- Antimicrobial Properties
- Palatability Enhancers
- Digestion Enhancers
- Others
On the basis of function, the market is segmented into performance enhancers, antimicrobial properties, palatability enhancers, digestion enhancers, and others.
North America Phytogenic Feed Additives Market Regional Analysis/Insights
The North America phytogenic feed additives market is segmented into five notable segments based on type, type of animal feed, sources, form, and function.
The countries covered in this market report are the U.S., Canada, and Mexico.
The U.S. is expected to dominate the North America phytogenic feed additives market due to the easy availability of raw materials for phytogenic feed additives.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Phytogenic Feed Additives Market Share Analysis
The North America phytogenic feed additives market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to the market.
Some of the major market players operating in the North America phytogenic feed additives market are Cargill, Incorporated., DSM, Kemin Industries, Inc., ADM, Nutreco, Natural Remedies., Himalaya Wellness Company, Vinayak Ingredients. India, Silvateam S.p.a., Phytobiotics Futterzusatzstoffe GmbH, Tegasa, MIAVIT GMBH, Indian Herbs, Customer DOSTOFARM GmbH, British Horse Feeds, Orffa, Igusol, Glamac International Private Limited., and Nor-Feed among others.
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