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Global Essential Oils & Plant Extract For Livestock Market size was valued at USD 29.09 billion in 2021 and is poised to grow from USD 31.06 billion in 2022 to USD 53.25 billion by 2030, at a CAGR of 7.01% during the forecast period (2023-2030).

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. 'Adisseo', 'BASF SE', 'Biomin', 'Cargill', 'Chr. Hansen Holding A/S', 'Dupont', 'Evonik Industries AG', 'Kemin Industries Inc.', 'Kerry Group', 'Lucta SA', 'Novozymes', 'Olmix Group', 'Pancosma SA', 'Phytobiotics Futterzusatzstoffe GmbH', 'Provimi', 'Seawin Biotech Group Co. Ltd.', 'Shandong Longchang Animal Health Product Co. Ltd.', 'Vetoquinol', 'Vetagro S.p.A.', 'Zoetis Inc.'

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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Global Essential Oils & Plant Extract For Livestock Market

Product ID: SQMIG30A2007