Press release
Essential Oils & Plant Extracts for Livestock Market: Nurturing Livestock Health and Market Growth
Essential Oils & Plant Extracts for Livestock Market
Key Growth Drivers:
Rising Global Demand for Livestock Products:
The escalating demand for livestock products is propelling the essential oils & plant extract for livestock market. Shifts in global consumption patterns, increased disposable income, and the recognized health benefits of livestock products contribute to a surge in demand. Projections by the Food and Agricultural Organization indicate a substantial 14% increase in global meat consumption by 2030, fostering a parallel growth in the consumption of essential oils & plant extracts.
Regulations Restricting Antibiotic Growth Promoters:
Regulations curbing the use of antibiotic growth promoters (AGPs) for livestock are a significant catalyst for the essential oils & plant extract market. The ban on routine antibiotic use in farmed animals, as witnessed in the European Union, has driven livestock producers toward eco-friendly and sustainable alternatives. Essential oils & plant extracts offer a viable and safe substitute, aligning with consumer preferences for healthier and antibiotic-free livestock products.
Explore the Global Essential Oils & Plant Extract For Livestock Market with a Detailed Sample Report:
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Major Market Players:
Prominent companies shaping the essential oils & plant extract for livestock market landscape include Kemin Industries Inc., Phytosynthese, Provitim, Olmix S.A., and Givaudan, among others. These industry leaders contribute significantly to market innovations and advancements.
Innovations & Trends:
Technological Advancements Enhancing Livestock Health:
Technological progress stands out as a key trend in the essential oils & plant extract for livestock market. Companies are leveraging technology to develop new products and solutions, strengthening their market presence. Notably, Cargill's launch of poultry feed with essential oils showcases how technology is harnessed to improve flock health, digestion, and immunity, contributing to enhanced egg production.
Product Innovations Reshaping the Market:
Product innovations, particularly the introduction of natural essential oils, reshape the essential oils & plant extract for livestock market. Cargill Inc.'s Nutrena Naturewise brand, featuring feeds enriched with natural essential oils, emphasizes benefits such as improved egg production, egg quality, and overall flock health. These innovations, including unique ingredients like FlockShield for immune support, prebiotics, probiotics, and plant extracts, demonstrate a commitment to fostering healthy growth in livestock.
Global Landscape:
Asia-Pacific emerged as the largest region in the essential oils & plant extract for livestock market in 2023, with comprehensive market coverage extending to Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Segmentation Insights:
The essential oils & plant extract for livestock market covered in this report is segmented -
1) By Type: Essential Oils, Plant Extracts
2) By Form: Solid/Powder, Liquid
3) By Function: Gut Health, Immunity, Yield
4) By Livestock: Cattle Feed, Poultry Feed, Swine Feed, Aquatic Feed, Other Livestocks
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Essential Oils & Plant Extract For Livestock Global Market Report 2024 from TBRC covers the following information:
Market size date for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Essential Oils & Plant Extract For Livestock Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on essential oils & plant extract for livestock market size, essential oils & plant extract for livestock market drivers and trends, essential oils & plant extract for livestock market major players, essential oils & plant extract for livestock market competitors' revenues, essential oils & plant extract for livestock market positioning, and essential oils & plant extract for livestock market growth across geographies. The essential oils & plant extract for livestock market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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