North America Feed Phytogenics Market Size (2024 - 2029)

North America Feed Phytogenics Market Size Summary

The North America feed phytogenics market is experiencing growth driven by the increasing demand for natural growth promoters in animal feed. These phytogenics, derived from essential oils, herbs, and plant extracts, are gaining traction due to their benefits in enhancing feed intake, digestion, immunity, and muscle development. The industrialization of meat production has led to a rise in high-quality feed production, while concerns over diseases such as swine flu and bird flu have heightened the need for additives to ensure the wellbeing of farm animals. This trend is particularly significant in the livestock sector, where the demand for meat products is on the rise, necessitating the use of phytogenics to maintain meat quality and safety. The United States, as a major meat exporter, plays a crucial role in this market, with the Canadian and Mexican regions contributing to its growth potential.

The market is further propelled by the increasing preference for organic food products, including meat, among North American consumers. The shift towards organic consumption, driven by enhanced living standards and health awareness, is reducing reliance on antibiotics in livestock feed, positioning phytogenics as a viable alternative. This change in consumer behavior, especially among millennials, has expanded the organic market, with significant sales recorded in organic food products. The presence of both small and medium domestic players, alongside a few international competitors, characterizes the fragmented nature of the market. Key players like Biomin, Delacon Biotechnik, and Danisco are actively engaging in mergers, acquisitions, and research initiatives to strengthen their market position, as evidenced by Biomin's launch of Digestarom DC to enhance its phytogenic offerings.