Plant-Based Feed Additives Market Size, Share, Industry, Forecast and outlook (2024-2031)

Plant-Based Feed Additives Market  is Segmented By Source (Flowers, Herbs & Spices, Fruits & Vegetables), By Type (Flavonoids, Essential Oils, Oleoresins, Saponins), By Livestock (Swine, Poultry, Aquatic Animals, Ruminants), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Market Overview

The Global "Plant-Based Feed Additives Market" is Predicted to reach at a high CAGR during the forecast period (2023-2030). 170 pages report analyses the Plant-Based Feed Additives market shares, recent trends, competitive intelligence and future market outlook. Demand from animal feed industry in ‘Asia Pacific’ is booming. Competitive rivalry intensifies with Delacon Biotechnik GmbH, Silvateam S.p.A., BIOMIN Holding GmbH, DuPont, IGUSOL S.A., and others. and others operating in the market.

Plant-based feed additives, also known as phytogenic or botanical feed additives are natural substances that are used as ingredient in animal feed formulations. Usually derived from herbs, spices and many other plant sources, these substances are finding increasing prominence in animal nutrition. There are several types of plant-based feed additives included in the report such as flavonoids, essential oils, tannins, saponins, oleoresins, mucilages, bitter substances, and pungent substances. Plant-based feed additives are botanic origin compounds that add up to animal diets with bioactive and organoleptic properties that deliver benefits on health, welfare, and performance, and they help to lower the application of antibiotics in the animal feed additives.

Market Scope

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Market Dynamics

The rising production of animal feed is driving the plant-based feed additives market

Antibiotic-free feed is the novel and rapidly growing category in the global animal nutrition market. The demand for plant-based additives is burgeoning in the feed production industry owing to wide range of animal health benefits and interest from animal growers. The rising production of animal feed is expected to drive the plant-based feed additives market, due to the accelerated performance and efficiency, and health-induced benefits of plant-based feed in animals. As per the Alltech report published on a feed survey in 2018, global feed production has surged up to 1,069.7 million metric tons in 2018 from the 871 million metric tons. The demand for superior quality dairy products and meat and growing popularity for natural ingredients for animal feed is estimated to propel the demand of the global plant-based feed additives market. The multinational firms have increased in the massive scientific research in the plant-based additives market is estimated to create a new opportunity for the plant-based feeds additives market in the coming years. 

Market Segmentation

Herbs & spices segment is expected to dominate the market 

Based on Source, pungent substances and essential oils are mainly produced from herbs & spices. Herbs & spices have earned broad attention in the animal feed industry in a while owing to their flavors and medicinal properties and the prohibition on the utilization of some antibiotics as growth promoters in animal feeds. Herbs & spices are also getting value, as they do not have any side effects on animals, for long-term usage as well. Several research studies have approved the antimicrobial and antioxidative efficiency of herbs & spices for animal feed. Research has indicated that certain of these plant resources improve the palatability of the feed. They stimulate healthy digestion of the cattle and animals, have anti-inflammatory things, and act as antioxidants, immunostimulants, and antimicrobials when added as plant-based feed additives in the animal supplement.

Geographical Penetration

Asia Pacific is the largest market for plant-based feed additives market with a share of nearly XX% in global sales value in 2020

By geography, The Asia Pacific is expected to be the dominating region for the global plant-based feed additives market in 2020 and is expected to continue its dominance over the forecast period. Owing to the presence of a huge livestock population and their rising growth e of. Moreover, the region has observed a rise in the number of feed production and feed mills, especially in countries including Japan and India. Rising the sum of feed mills in the Asia Pacific indicates the expansion in feed production. China is the largest manufacturer of animal feed which contributes substantially to the region’s leading position, along with emerging feed-producing countries such as Indonesia and Thailand. India and Japan are expected to witness steady growth of plant-based feed production. The prohibition on the application of antibiotics in animal feed is anticipated to propel the European-based feed additives market. Additionally, the stringent regulations enforced on synthetic feed additives enhance the growth of the European market within the projected years.

Source: DataM Intelligence Analysis (2022)

Competitive Landscape

The plant-based feed additives market is highly fragmented with the existence of numerous small and medium-sized organizations and a few multinational players battling in the global market. A few of the key players in the market are Delacon Biotechnik GmbH, Silvateam S.p.A., BIOMIN Holding GmbH, DuPont, IGUSOL S.A., and others. The most adopted strategies of these companies have been extensive research and development investments, strategic partnerships, and acquisitions and mergers. For instance, in July 2017, Delacon Biotechnik GmbH, and Cargill have decided on a strategic partnership that will increase the market presence of plant-based as well as natural feed additives across the globe. August 2020, With Syrena® Boost, Delacon brings along a full phytogenic solution to serve modern aquaculture practices. The premixture targets gut performance and productivity. It is a solution for all aqua species.

COVID-19 Impact

The latest crisis of the epidemic of COVID-19 has had a considerable impact on the manufacturing sector of plant-based feed additives across the globe. The manufacturing activities have stuck due to the regulation imposed by various governments which impacted the making, but the producer of plant-based feed additives is back to normal condition after lockdown across the globe. The demand for animal feed is not affected in the Asia Pacific during the pandemic but in Europe and the American region, it was lower down for a few months. the coronavirus affected the USA, the Netherlands, Germany, China, France, Italy, India, Spain, Brazil, and other major nations involved in the production of plant-based feed additives. The market involves key suppliers such as Delacon Biotechnik GmbH, Cargill, Bluestar Adisseo Co., Ltd. Natural Remedies, Incorporated, and BIOMIN Holding GmbH. These sellers have their production facilities spread across numerous countries across Europe, North America, Latin America, and the Asia Pacific. COVID-19 has affected their functions as well. The influence of COVID-19 is a lot higher on the developed countries, the multination firms would focus their strategies and energies more on these countries as compared to the poor and developing countries. 

Why Purchase the Report?

• Understand the current market scenario and viability of the global Plant-based feed additives market over the forecast period 

• Visualize the composition of the global plant-based feed additives market in terms of source, type, and livestock to identify major players, growth potential, and market strategies

• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

• Excel data sheet with valuable data points of the global Plant-based feed additives Market – Regional and Country level segmentation

• Product mapping in excel for the key products of all major market players

• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience

• Feed ingredient companies

• Plant-extract companies

• Animal feed manufacturers

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professionals