USD 31.06 billion
Global Essential Oils & Plant Extract For Livestock Market Size, Share, Growth Analysis, By Product type(Essential oils, oleoresins), By Animal type(Poultry, swine), By Form(Liquid, powder) - Industry Forecast 2024-2031
Report ID:
SQMIG30A2007 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
93 |
Figures:
79
Global Essential Oils & Plant Extract For Livestock Market Insights
Global Essential Oils & Plant Extract for Livestock market size was valued at USD 31.06 billion in 2022 and is poised to grow from USD 33.24 billion in 2023 to USD 57.15 billion by 2031, at a CAGR of 7.01% during the forecast period (2024-2031).
Essential Oils & Plant Extract For Livestock are popular since It Is used in the livestock industry for many years to improve animal health, growth, and performance. The various advantages provided by essential oils and plant extracts Include natural alternatives to antibiotics, improved growth, and performance, reduced stress, improved immune function, and improved meat quality.
Essential oils and plant extracts offer a promising alternative to antibiotics in the livestock industry. The overuse of antibiotics in animal production is a significant concern as it can lead to antibiotic resistance, which can have severe consequences for both human and animal health. By using natural products like essential oils and plant extracts, farmers can potentially reduce their reliance on antibiotics and help mitigate the risk of resistance. By incorporating these natural products into livestock diets, farmers can promote animal health and reduce the use of antibiotics, ultimately leading to healthier animals and safer food products. Furthermore, the use of essential oils and plant extracts in the livestock industry is a sustainable and environmentally friendly approach that aligns with modern demands for more responsible agriculture.
It can play a vital role in mitigating stress levels in livestock, which can have significant impacts on animal health and performance. When animals are exposed to stressful situations, their immune systems can weaken, leading to a host of health problems. Additionally, stress can reduce an animal's appetite, leading to weight loss, reduced growth, and lower productivity. By incorporating essential oils and plant extracts into their diets, farmers can potentially reduce stress levels in their animals and improve their overall well-being. Some specific essential oils, like lavender and chamomile, have been shown to have calming effects on animals, helping to reduce stress levels and promote relaxation. By minimizing stress, farmers can enhance the health and productivity of their livestock, leading to healthier animals and a more profitable operation. Furthermore, the use of natural products like essential oils and plant extracts is an environmentally-friendly and sustainable approach that can appeal to consumers who prioritize ethical and responsible agricultural practices. These natural products contain specific plant compounds that have been shown to positively influence meat quality, resulting in meat that is more tender, juicy, and flavorful. Numerous studies have demonstrated that animals fed with essential oils produce meat with improved sensory properties, including enhanced tenderness, flavor, and aroma. As such, the use of essential oils and plant extracts in the livestock industry represents a promising approach to producing high-quality meat products that meet the demands of modern consumers.
US Essential Oils & Plant Extract For Livestock Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Plant extract.
Fastest Growth
Plant extract.
Growth Rate
7.01% CAGR
Global Essential Oils & Plant Extract For Livestock Market 2022-2030 ($ Bn)
Country Share for Asia pacific Region- 2021 (%)
Global Essential Oils & Plant Extract For Livestock Market Size By Product type 2022-2030 ($ Bn)
Global Essential Oils & Plant Extract For Livestock Market Size By Product type 2022-2030 (%)
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Global Essential Oils & Plant Extract For Livestock Market Segmental Analysis
Global Essential Oils & Plant Extract For Livestock market is segmented on the basis of Product type, Animal type, form, and region. By Product type, the market is segmented into Essential oils, oleoresins, herbs and spices, and others. By Animal type, the Essential Oils & Plant Extract For Livestock Market is segmented into Poultry, swine, ruminants, aquatic animals, and others. By Form, the market is segmented into Liquid, powder, and others. By region, the Essential Oils & Plant Extract For Livestock Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Essential Oils & Plant Extract For Livestock Market Analysis by Product type
The plant extract segment holds a significant market share of more than 79% in 2021, making it the dominant market segment. The popularity of plant extracts is due to their various properties, such as enhancing the immune system in animals, improving nutrient utilization, and aiding in the absorption of food and water. Additionally, plant extracts are known to improve the antimicrobial activities in farm animals, reduce mastitis, and strengthen gut microbiota.
Botanical herbs and extracts are becoming increasingly important as animal feed additives due to the ban on dietary antimicrobial agents and the reduction in the use of antibiotic growth promoters. Phytochemicals and plant extracts have a significant impact on the secretion of digestive fluids and enzymes, resulting in better total feed utilization.
Global Essential Oils & Plant Extract For Livestock Market By Product type 2022 (%), 2023 (%)
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Global Essential Oils & Plant Extract For Livestock Market Regional Insights
The essential oils & plant extracts for livestock market was dominated by the Asia Pacific region in 2021, accounting for largest of the global revenue share. The dominance is attributed to the strong economic growth prospects of emerging countries in the region, an ever-increasing population, and the rising disposable income of the average household.
In addition, the North American livestock market is expected to see growth in the coming years due to increasing meat consumption, especially in the U.S. and Canada, and the presence of strict regulations regarding safety and meat quality. Other factors that may impact the North American livestock market include increasing incidences of animal diseases, trade liberalization, and income growth in emerging economies.
Global Essential Oils & Plant Extract For Livestock Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Essential Oils & Plant Extract For Livestock Market Dynamics
Essential Oils & Plant Extract For Livestock Market Drivers
Improving Animal Welfare to Bolster Market Growth
- In recent years, consumer demand for improved animal welfare standards has increased, and the use of natural products like essential oils and plant extracts is a potential solution to promote animal health and well-being. These natural products can offer numerous benefits, including stress reduction in livestock, improvement of immune function, and enhancement of the overall quality of meat. Stress is a significant problem in the livestock industry, and it can lead to a host of health issues and poor performance. Essential oils and plant extracts have been shown to have calming effects on animals, helping to reduce stress levels and promote relaxation. By incorporating these natural products into animal diets, farmers can potentially improve the welfare of their livestock and reduce the negative impact of stress on animal health. Furthermore, essential oils and plant extracts contain bioactive compounds that can enhance immune function in livestock, Potentially reducing the need for antibiotics and other medications. By improving animal health and immunity, farmers can promote their animals' well-being while minimizing the risk of disease outbreaks.
Essential Oils & Plant Extract For Livestock Market Restraints
Lack of Standardization to Hinder Market Growth
- One of the main challenges facing the widespread adoption of essential oils and plant extracts in animal production is the lack of standardization and regulation. The quality and potency of these natural products can vary significantly, and there is often a lack of clarity around their appropriate dosage and administration. This variability can make it difficult for farmers to effectively integrate these products into their livestock diets. The lack of standardization in essential oils and plant extracts can lead to inconsistencies in their efficacy, making it difficult for farmers to predict their impact on animal health and performance. Moreover, without clear regulations around the use of these natural products, farmers may not have a standardized framework for their use, leading to confusion and a lack of confidence in their effectiveness.
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Global Essential Oils & Plant Extract For Livestock Market Competitive Landscape
The market for essential oils and plant extracts in livestock is highly competitive, with both established players and new entrants competing for a share of the market. The driving factors behind this competition include the increasing demand for natural and sustainable animal products and the need for alternatives to antibiotics in animal production.
New entrants in this market are typically smaller companies that focus on developing and selling natural products that improve animal health and well-being. These companies often target specific segments of the market, such as dairy or poultry, and may differentiate themselves by offering unique formulations or delivery methods. Established players in the animal feed and nutrition industry are also competing in this market by leveraging their existing resources and infrastructure to develop and market natural products for animal production. These companies typically have greater research and development capabilities, regulatory expertise, and established distribution networks. In addition to these players, there are numerous suppliers of essential oils and plant extracts that compete in the livestock market by offering their products as ingredients for animal feed and supplements. These suppliers may vary in their product offerings, quality, and price and often collaborate with manufacturers to develop customized formulations.
Essential Oils & Plant Extract For Livestock Market Top Player’s Company Profiles
- Cargill, Inc.
- Archer Daniels Midland Company
- DuPont de Nemours, Inc.
- Symrise AG
- Kerry Group plc
- Olmix Group
- Delacon Biotechnik GmbH
- Pancosma SA
- Kemin Industries, Inc.
- Phytobiotics Futterzusatzstoffe GmbH
- Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH
- Alltech, Inc.
- Nexira
- Novus International, Inc.
- BIOMIN Holding GmbH
- Nutriad International NV
- Nor-Feed
- A&A Pharmachem Inc.
- PANCOSMA SINGAPORE PTE LTD
- Perstorp Holding AB
Essential Oils & Plant Extract For Livestock Market Recent Developments
- In January 2024, Devenish launched OregoPro in the European market, a product aimed at improving the performance of poultry flocks.
- In October 2023, Scientists at Linax, a company located in Votuporanga, São Paulo state, Brazil, have created a fungicide derived from essential oils. This fungicide boasts low environmental impact and significant economic potential, particularly in combating soybean disease.
- In August 2023, Cargill acquired Delacon, a company specializing in plant-based phytogenic additives.
Global Essential Oils & Plant Extract For Livestock Key Market Trends
- Phytogenics, which are feed additives derived from plants, are gaining popularity in the livestock industry due to their various potential health benefits and performance-enhancing properties. These natural compounds, such as essential oils, herbs, and spices, are increasingly being used to improve the feed efficiency, reduce stress levels, and enhance the overall health and well-being of animals. This trend is driven by the growing demand for natural and sustainable animal products and the need to find alternatives to antibiotics in animal production. As a result, many manufacturers and suppliers of animal feed and supplements are focusing on developing and marketing phytogenic feed additives, and this market is expected to continue to grow in the coming years. Additionally, research and development efforts are ongoing to explore new applications and formulations of phytogenics in animal nutrition.
Global Essential Oils & Plant Extract For Livestock Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
After analyzing the global Essential Oils & Plant Extract For Livestock market, we anticipate significant growth during the forecast period due to the numerous benefits it offers. One of the primary advantages of using essential oils and plant extracts is that they provide natural alternatives to antibiotics, promoting improved growth and performance in livestock. Additionally, these natural products can help reduce stress levels in animals, which can lead to a range of health problems and poor performance. Essential oils and plant extracts have been found to have a calming effect on animals, promoting relaxation and reducing stress. Furthermore, incorporating these natural products into animal diets can help improve immune function and enhance the overall quality of meat produced by livestock.
However, the lack of standardization and regulation is a significant challenge to the widespread adoption of essential oils and plant extracts in animal production. The variability in quality and potency of these natural products, as well as the lack of clarity around dosage and administration, can make it difficult for farmers to integrate them effectively into their livestock diets. Despite this challenge, we expect to see continued growth in the Essential Oils & Plant Extract For Livestock market as more consumers demand natural and sustainable animal products, and as companies continue to innovate and develop new and improved natural feed additives..
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 31.06 billion |
| Market size value in 2031 | USD 57.15 billion |
| Growth Rate | 7.01% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Essential Oils & Plant Extract For Livestock Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Essential Oils & Plant Extract For Livestock Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Essential Oils & Plant Extract For Livestock Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Essential Oils & Plant Extract For Livestock Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Essential Oils & Plant Extract For Livestock Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Essential Oils & Plant Extract For Livestock Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Essential Oils & Plant Extract For Livestock Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Essential Oils & Plant Extract For Livestock Market Report Snapshots
- Global Essential Oils & Plant Extract For Livestock Companies
- Global Essential Oils & Plant Extract For Livestock Market Size
- Global Essential Oils & Plant Extract For Livestock Market Analysis
- Global Essential Oils & Plant Extract For Livestock Geographic Analysis
- Global Essential Oils & Plant Extract For Livestock Market News
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