South America Feed Phytogenics Market Size (2024 - 2029)

The South America Feed Phytogenics Market is experiencing growth driven by the demand for healthy and quality meat outputs, which is contributing to the expansion of the market size in the region. The increasing feed production, coupled with the antibiotic-free and health benefits of phytogenics, is further propelling the industry. While South America holds a small portion of the global market, Brazil dominates the market share, with countries like Argentina anticipated to grow at a faster pace during the forecast period.

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Market Size of South America Feed Phytogenics Industry

Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.80 %

Major Players

South America Feed Phytogenics Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Feed Phytogenics Market Analysis

The South America Feed Phytogenics Market is projected to register a CAGR of 3.8% during the forecast period. South America contributes a very small part in the feed phytogenic market, and the demand for healthy and quality meat outputs is driving the market towards growth. The increasing feed production is driving the feed phytogenics industry regionally, owing to the antibiotic-free nature and other health-induced benefits of phytogenics in animals. Brazil has the largest market share and other countries like Argentina are expected to grow at a faster rate during the forecast period.

South America Feed Phytogenics Industry Segmentation

Feed phytogenics exert positive influences on multiple life-processes in animals, thereby helping fight against disease outbreaks and facilitating healthy growth throughout. These plant-based feed additives or botanicals are a natural alternative to antibiotic-free feed additives. The South America Feed Phytogenics market is segmented By Ingredients into (Herbs and Spices, Essential Oils, and Others), By Application into (Feed Intake and Digestibility, Flavoring and Aroma, and Others (Stress Reduction, Energy Effectiveness, etc.)), in the countries like Brazil, Argentina and Rest of South America.

Ingredients
Herbs and Spices
Essential Oils
Others
Application
Feed Intake and Digestibility
Flavoring and Aroma
Others
Animal Type
Ruminant
Poultry
Swine
Aquaculture
Others
Geography
Brazil
Argentina
Rest of South America
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South America Feed Phytogenics Market Size Summary

The South America Feed Phytogenics Market is experiencing growth driven by the increasing demand for healthy and quality meat outputs, which is propelling the market forward. The region's contribution to the global feed phytogenic market is modest, but the rising production of feed is a significant factor in the industry's expansion. This growth is attributed to the antibiotic-free nature and health benefits of phytogenics in animal feed. Brazil holds the largest market share, while countries like Argentina are anticipated to experience faster growth. The demand for improved feed conversion ratios and antibiotic-free additives from livestock producers is further fueling the need for botanical-based feed additives. The popularity of natural ingredients in pet food and the demand for superior quality meat and dairy products are encouraging producers to explore untapped opportunities in the phytogenic industry.

The market is characterized by a rising demand for higher value animal products, such as meat, eggs, and milk, driven by population growth and changing consumption patterns favoring protein intake. This trend is expected to persist, leading to increased demand for animal products in the region. Farmers are challenged to maintain animal health while keeping feed costs economical, which has led to the growing popularity of phytogenic feed additives as cost-effective solutions to enhance animal performance. Essential oils are particularly favored for their benefits in improving digestion, feed intake, and conversion ratios. The market is highly fragmented, with numerous small and medium-sized companies and a few international players like Cargill, DuPont, and Adisseo. These companies often engage in strategic partnerships, research and development, and mergers and acquisitions to strengthen their market position.

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South America Feed Phytogenics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Ingredients

      1. 2.1.1 Herbs and Spices

      2. 2.1.2 Essential Oils

      3. 2.1.3 Others

    2. 2.2 Application

      1. 2.2.1 Feed Intake and Digestibility

      2. 2.2.2 Flavoring and Aroma

      3. 2.2.3 Others

    3. 2.3 Animal Type

      1. 2.3.1 Ruminant

      2. 2.3.2 Poultry

      3. 2.3.3 Swine

      4. 2.3.4 Aquaculture

      5. 2.3.5 Others

    4. 2.4 Geography

      1. 2.4.1 Brazil

      2. 2.4.2 Argentina

      3. 2.4.3 Rest of South America

South America Feed Phytogenics Market Size FAQs

The South America Feed Phytogenics Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)

Dupont, Biomin , Cargill inc., Adisseo and Delacon Biotechnik are the major companies operating in the South America Feed Phytogenics Market.

South America Feed Phytogenics Report Snapshots

South America Feed Phytogenics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)