Asia Pacific Feed Phytogenics Market size is projected to observe around 3.5% growth rate between 2021 and 2027.
Feed phytogenics are defined as the bioactive compounds derived from herbs, spices or other plants. They are also called as natural growth promoters or non-antibiotic growth promoters and used as feed additives in animal nutrition. Feed phytogenics possess antifungal, antiviral, and antimicrobial properties which helps in enhancing palatability, promote growth, and improve gut function.
Increasing livestock production and growing demand for meat and meat-based products has boosted the market demand. Moreover, strict, and stringent regulations related to the use of antibiotics has also supported the growth of feed phytogenics. Feed phytogenics also find vast application in pet food. They are used for treating allergies in animals and improving their overall health.
However, the high cost of active ingredients and complex extraction method of feed phytogenics are restricting the market growth. Manufacturers are adopting new technologies such as encapsulation which has led to a longer shelf life of phytogenics. Introduction of modern technologies is expected to provide lucrative growth opportunities to the market in APAC.
Asia Pacific Market, By Product
The herbs and spices segment surpassed USD 85 billion revenue in 2020 and will grow at 3.5% CAGR during the forecast timeframe. Herbs and spices have acquired broad consideration in the feed business as of late because of their therapeutic properties and flavors.
Restriction on the utilization of specific antibiotic agents as growth promoters have encourage the manufacturers to include natural ingredients in their products thus boost the industry demand of herbs and spices for feed phytogenics. They are additionally acquiring significance, as they don't adversely affect animal health, as far as long-haul utilization. Different investigations have affirmed the antioxidative and antimicrobial adequacy of spices and herbs in creature feed.
Studies have additionally shown that a portion of these plant materials work on the palatability of the feed. Herbs and spices stimulate healthy digestion of the domesticated animals; have mitigating properties; and go about as antimicrobials, cancer prevention agents, and immunostimulants when added as phytogenic feed added substances in creature sustenance.
Asia Pacific Market, By Livestock
The swine segment revenue was USD 75 million in 2020. Pork is one of the most burned-through meat types across the world. The pork business offers an incredible open door for the development of the market. With rising pork exchange and concerns over meat safety, the interest for phytogenic feed added substances is relied upon to increment and to guarantee meat quality and safety.
Asia Pacific Market, By Country
China had the world's most noteworthy pork consumption rate of 31.2 kg/capita in 2020, as indicated by the United States Department of Agriculture (USDA. Countries like Japan, Italy, China, and South Korea are among the significant pork importers. Developing interest of pork and pork-based products from these countries is relied upon to drive the market expansion.
Competitive Industry Landscape
Prominent participants operating across the Asia Pacific feed phytogenics market include Phytobiotics, Biomin, DuPont, Pancosma, Delacon, Igusol, Natural Remedies Pvt. Ltd., Nutricare Life Sciences Limited, Indian Herbs Specialities Pvt. Ltd., Natural Herbs & Formulations, Ayurvet Limited, The Himalaya Drug Company, Amorvet, Synthite Industries Ltd, Unique Organics Ltd, Norex Flavors Pvt. Ltd., Akay Group, AVT Natural, Vinayak Ingredients ROHA A JJT Group, ADM, DSM, and Cargill.