Overview and Scope
Essential oils & plant extract for livestock market refer to plant extracts are regarded as natural substances that can take the place of antibiotics as secure and enduring substitutes. The essential oils & plant extract for livestock include cloves and cinnamon have antibacterial properties in the rumen and are also powerful antioxidants, thyme stimulates the digestive system, which may help animals develop and be more productive, vanilla oregano has antibacterial and antimicrobial qualities, which may help with feed intake and efficiency.
Sizing and Forecast
The essential oils & plant extract for livestock market size has grown strongly in recent years. It will grow from <b>$3.27 billion in 2023 to $3.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. </b> The growth in the historic period can be attributed to traditional and cultural consumption, plant-based protein demand, crop rotation practices, animal feed industry, global trade and export.
The essential oils & plant extract for livestock market size is expected to see strong growth in the next few years. It will grow to <b>$4.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. </b> The growth in the forecast period can be attributed to sustainable agriculture, functional food applications, global food security, alternative protein sources, climate change resilience. Major trends in the forecast period include meat alternatives, allergen-free and gluten-free foods, innovations in food processing, clean label products, technological advancement .
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Segmentation & Regional Insights
The essential oils & plant extract for livestock market covered in this report is segmented –
1) By Type: Essential Oils, Plant Extracts
2) By Form: Solid/Powder, Liquid
3) By Function: Gut Health, Immunity, Yeild
4) By Livestock: Cattle Feed, Poultry Feed, Swine Feed, Aquatic Feed, Other Livestocks
<b>Asia-Pacific</b> was the largest region in the essential oils & plant extract for livestock market in 2023. The regions covered in the essential oils & plant extract for livestock market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The surging demand for livestock products is driving the growth of the essential oils & plant extract for livestock market. Increasing shift in consumption patterns among individuals across the globe, rapid growth in disposable income among individuals in both developed and developing countries and increasing adoption of livestock products due to their health-related benefits are mutually contributing to increased demand for livestock products across the globe. The rapid growth in demand for livestock products is expected to boost the consumption of essential oil & plant extracts, as the livestock producers are increasingly inclining towards organic sources to maintain their herd. For instance, in July 2021, according to the Food and Agricultural Organization, a Canada-based specialized agency of the United Nations, the global meat supply is projected to reach 374 Mt by 2030, with a projected 14% increase in global consumption of meat proteins by 2030 compared to 2020. Protein availability from beef, pork, poultry, and sheep meat is expected to grow by 5.9%, 13.1%, 17.8%, and 15.7%, respectively, by 2030. Therefore, the increasing demand for livestock products is driving the growth of the essential oils & plant extract for livestock market.
Key Industry Players
Major companies operating in the essential oils & plant extract for livestock market include <b> Kemin Industries Inc., Phytosynthese, Provitim, Olmix S.A., Herbarom Laboratoire, Givaudan, Symrise AG, Sensient Technologies, Kangcare Bioindustry Co. Ltd., Pt. Indesso Aroma, Tokiwa Phytochemical Co. Ltd., Native Extracts Pty. Ltd., Synthite Industries Private Ltd., Martin Bauer GmbH & Co. KG, International Flavours and Fragrances Inc., IDENA SAS, Novus International Inc., Trouw Nutrition, Hifeed BV, Panagro Health & Nutrition, Herbavita, Orffa International Holding B.V., Indian Herbs Specialties Pvt. Ltd., Danisco, Manghebati, BENEO GmbH, Amorvet Animal Health Pvt. Ltd., Laboratoires Phode, Rocky Mountain Oils LLC </b>
The essential oils & plant extract for livestock market report table of contents includes:
1. Executive Summary
2.Essential Oils & Plant Extract For Livestock Market Characteristics
3.Essential Oils & Plant Extract For Livestock Market Trends And Strategies
4.Essential Oils & Plant Extract For Livestock Market analysis
5.Essential Oils & Plant Extract For Livestock Market Size And Growth
6. Essential Oils & Plant Extract For Livestock Segmentation
7.Essential Oils & Plant Extract For Livestock Regional And Country Analysis
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27.Essential Oils & Plant Extract For Livestock Competitive Landscape And Company Profiles
28. Essential Oils & Plant Extract For Livestock Key Mergers And Acquisitions
29.Essential Oils & Plant Extract For Livestock Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Kemin Industries Inc.
- Phytosynthese
- Provitim
- Olmix S.A.
- Herbarom Laboratoire
- Givaudan
- Symrise AG
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