Global Essential Oils & Plant Extract For Livestock Market

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 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.
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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).

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. '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', '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.'

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.

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.

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.

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