PUBLISHER: Grand View Research | PRODUCT CODE: 1678710
PUBLISHER: Grand View Research | PRODUCT CODE: 1678710
The global phytogenic feed additives market is expected to reach USD 1.48 billion by 2030, registering a CAGR of 6.04% over the forecast period, according to a new report by Grand View Research, Inc. In recent years, a trend of rise in global meat consumption and its production has been noticed. Multiple factors like population growth, increasing incomes, and altering dietary preferences impact this growth. According to November 2024 data published by Statistisches Bundesamt, the official statistical office of the German government, the U.S., France, Germany, and China are among the top meat-consuming countries in the world, with global average per capita meat consumption reaching over 44.5 kgs. This has gradually increased animal production, with poultry leading among ruminants and swine in terms of production growth. The sector is estimated to have grown significantly by about 68% since 2002. Additionally, global meat production has grown at a significant rate of more than 17% since 2012.
As per capita meat consumption trends continue to rise, there is a growing opportunity for these natural phytogenic additives, which enhance animal health, growth, and productivity. Awareness of the benefits of feed additives is increasing among consumers and industry stakeholders, particularly concerning livestock diseases, meat quality, and safety. This awareness has led to a demand for phytogenic feed additives that promote animal welfare and sustainable practices, addressing environmental concerns associated with meat production. For instance, methane-reducing feed additives derived from sources like lemongrass and red seaweed are gaining attention for their potential to lower greenhouse gas emissions from livestock while maintaining productivity.
Environmental considerations drive the development of sustainable feed additives, such as those incorporating insect or plant-based proteins, which reduce reliance on traditional feed sources. This shift aligns with consumer demand for environmentally friendly products and sustainable livestock production.
Furthermore, phytogenic feed additives (PFAs) have, in recent years, emerged as effective alternatives to antibiotic growth promoters (AGPs) following the European Union's (EU) ban on the use of antibiotics as growth promoters in animal feed. Multiple studies from around the world highlight the efficacy of PFAs in enhancing gut health, improving feed efficiency, and supporting overall animal performance, addressing concerns over livestock health and meat quality. This is proving pivotal in replacing antibiotic growth promoters (AGPs), thereby addressing the industry's crucial livestock health and meat quality challenges. As knowledge and research on PFAs expand, their role in sustainable animal production continues to gain recognition.