Europe feed phytogenics market exceeded USD 195 million in 2021 and is expected to grow at a CAGR of 3.3% over 2022 and 2028. This rise can be attributed to an increase in the launch of various programs through the forthcoming years.
The feed phytogenics market is expected to grow at rapid pace in coming years. Over the recent years, several trials have demonstrated the importance of phytogenic additives for enhancing the performance of animals. This comes as a favorable news for both leading and emerging feed phytogenics industry contenders. The additives help in promoting gut resilience by reducing the availability of nutrients for undesirable bacteria. This also helps in limiting their population growth and the detrimental consequences that are typically associated with this kind of uncontrolled expansion. Such aspects are set to drive product demand in the ensuing years.
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The global feed phytogenics market size is expected to exceed USD 900 million by 2028, according to the latest research published by Global Market Insights Inc.
Many of them are also participating in trade fairs and exhibitions as part of their growth strategies. Additionally, several are also depicting a keen interest in undertaking R&D initiatives.
As compared to synthetic antibiotics, these are natural, residue free, and less toxic for poultry. The efficacy of phytogenic applications in poultry nutrition is dependent on a range of factors. These include the overall diet composition, bird genetics, and the feed inclusion level of phytogenic preparations.
The feed phytogenics market has registered an upsurge in the number of research studies centered on the adoption of phytogenic additives by ruminants. One such review article published in May 2021 discussed the ability of phytogenic additives for the modulation of fermentation kinetics, rumen microbiome, and methanogenesis mediated via diet.
Recent years have seen an increase in the product deployment in poultry applications. The growing popularity of phytoadditives can be attributed to their increased adoption as alternatives to antibiotic growth promoters. The substances can be derived from spices, herbs, and other extracts and plants.
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The findings of the study unveiled that the feeds help in decreasing methane and ammonia and the enhancement of volatile fatty acids. These factors are expected to drive the demand for phytogenic feed additives in the ensuing years.
Some of the companies operating in feed phytogenics market are Akay Group Ltd., The Himalaya Drug Company, Synthite Industries Ltd., Biolandes SAS, doTerra, DuPont Nutrition, Biosciences, and others. These players are focusing on the adoption of various initiatives including mergers, acquisitions, and product developments for establishing a strong foothold in the industry.
Citing an instance, the scientific program Neolac was launched in October 2021 for reducing the use of antibiotics on dairy farms. Under the initiative, innovative phytogenic solutions would be tested over a span of 4 years at 100 farms in Brittany, France.
The following years are expected to register an increase in the consumption of beef. This can be mainly attributed to an upsurge in per-capita disposable income of consumers across various regions. This is likely to strengthen the business prospects, bolstering feed phytogenics market share through the ensuing years.
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