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Essential Oils & Plant Extract For Livestock - By Size, Share, Growth, Trends, Forecast By 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all the necessary data for thriving in the Essential Oils & Plant Extract For Livestock industry. This report on Essential Oils & Plant Extract For Livestock market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The essential oils & plant extract for livestock market size has grown strongly in recent years. It will grow from $3.27 billion in 2023 to $3.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. 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 $4.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Key Market Players:
Kemin Industries Inc., Phytosynthese, Provitim, Olmix S.A., Herbarom Laboratoire.
Market Drivers:
According to the Essential Oils & Plant Extract For Livestock Market Report 2024 by The Business Research Company, the regulations restricting the use of antibiotic growth promoters for livestock are expected to propel the growth of essential oils and plant extract for livestock market going forward. Antibiotic growth promoters (AGPs) are feed additives used in livestock and poultry farming to promote growth, improve feed efficiency, and prevent diseases. Government regulations have created a strong incentive for livestock producers to seek natural and alternative solutions to promote animal health and growth. In response to these regulations, the essential oils and plant extract market for livestock has flourished, offering eco-friendly and sustainable alternatives to traditional antibiotic growth promoters while meeting consumer demands for safer and healthier food products.
More information about the Global Essential Oils & Plant Extract For Livestock Market Report -
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Market segments for Essential Oils & Plant Extract For Livestock include:
• By Type: Essential Oils, Plant Extracts
• By Form: Solid/Powder, Liquid
• By Function: Gut Health, Immunity, Yield
• By Livestock: Cattle Feed, Poultry Feed, Swine Feed, Aquatic Feed, Other Livestocks.
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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