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 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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Essential Oils & Plant Extract For Livestock Market

Product ID: SQMIG30A2007

$5,300
BUY NOW GET FREE SAMPLE