Global Feed Phytobiotics Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Source;

Herbs & Spices, Botanicals, Essential Oils, and Oleoresins.

By Livestock;

Ruminants, Poultry, Swine, and Others.

By Function;

Performance and Palatability.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn063055269 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Feed Phytobiotics Market (USD Million), 2020 - 2030

In the year 2023, the Global Feed Phytobiotics Market was valued at USD 777.20 million. The size of this market is expected to increase to USD 1,036.59 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.

The Global Feed Phytobiotics Market is projected to witness a steady growth trajectory, with an expected CAGR from 2022 to 2030, reaching a substantial valuation by the end of 2030. Feed phytobiotics, derived from plants and seamlessly integrated into feed manufacturing processes, serve as crucial components in enhancing the physiological growth of agricultural livestock. Renowned for their natural origins, feed phytobiotics are available in various forms including ground, solid, and dried variants. These botanical products offer a spectrum of benefits to animals, boasting anti-inflammatory, anti-microbial, antioxidant, and antiviral properties. They play a pivotal role in bolstering immune systems and fostering healthy metabolic functions by stimulating the secretion of digestive enzymes, thereby driving the global feed phytobiotics market's expansion.

Feed Phytobiotics contribute to augmenting the palatability of animal feed through the addition of distinct flavors, thereby elevating total feed intake and facilitating enhanced physical growth among animals. This dual functionality, coupled with their ability to replace conventional antibiotic growth promoters, positions feed phytobiotics as indispensable components in modern animal husbandry practices. As the demand for natural and sustainable alternatives to conventional additives surges, the global feed phytobiotics market is poised for significant growth during the forecast period.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Livestock
    3. Market Snapshot, By Function
    4. Market Snapshot, By Region
  4. Global Feed Phytobiotics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Natural and Sustainable Feed Additives
        2. Regulatory Restrictions on Antibiotic Use
        3. Rising Livestock Production
        4. Growing Focus on Animal Health and Welfare
        5. Ongoing Advancements in Extraction and Formulation
      2. Restraints
        1. Limited Scientific Understanding:
        2. Variability in Plant-Based Compounds
        3. High Costs of Production and Processing
        4. Regulatory Uncertainties
      3. Opportunities
        1. Expanding Applications in Aquaculture
        2. Research and Development Investments
        3. Strategic Partnerships and Collaborations
        4. Focus on Product Portfolio Diversification
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Feed Phytobiotics Market, By Source, 2022 - 2032 (USD Million)
      1. Herbs & Spices
      2. Botanicals
      3. Essential Oils
      4. Oleoresins
    2. Global Feed Phytobiotics Market, By Livestock, 2022 - 2032 (USD Million)
      1. Ruminants
      2. Poultry
      3. Swine
      4. Others
    3. Global Feed Phytobiotics Market, By Function, 2022 - 2032 (USD Million)
      1. Performance
      2. Palatability
    4. Global Feed Phytobiotics Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AB Agri
      2. Archer-Daniels-Midland
      3. Alltech
      4. BIOMIN Holding
      5. Cargill
      6. ForFarmers
      7. Kemin Industries
      8. Neovia
      9. Phytobiotics Futterzusatzstoffe
  7. Analyst Views
  8. Future Outlook of the Market

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