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Essential Oils & Plant Extract For Livestock Global Market Report 2024 by The Business Research Company | Kemin Industries Inc., Phytosynthese, Provitim, Olmix S.A., Herbarom Laboratoire, Givaudan, Symrise AG, Sensient Technologies, Kangcare Bioindustry C
Essential Oils & Plant Extract For Livestock Market Trends
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%. The growth in the forecast period can be attributed to sustainable agriculture, functional food applications, global food security, alternative protein sources, climate change resilience. Major trends in the forecast period include meat alternatives, allergen-free and gluten-free foods, innovations in food processing, clean label products, technological advancement .
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Essential Oils & Plant Extract For Livestock Market Major Segments
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, Yeild
4) By Livestock: Cattle Feed, Poultry Feed, Swine Feed, Aquatic Feed, Other Livestocks
Key Driver - Rising Global Demand For Livestock Products Fuels Growth In Essential Oils & Plant Extracts For Livestock Market
The surging demand for livestock products is driving the growth of the essential oils & plant extract for livestock market. Increasing shift in consumption patterns among individuals across the globe, rapid growth in disposable income among individuals in both developed and developing countries and increasing adoption of livestock products due to their health-related benefits are mutually contributing to increased demand for livestock products across the globe. The rapid growth in demand for livestock products is expected to boost the consumption of essential oil & plant extracts, as the livestock producers are increasingly inclining towards organic sources to maintain their herd. For instance, in July 2021, according to the Food and Agricultural Organization, a Canada-based specialized agency of the United Nations, the global meat supply is projected to reach 374 Mt by 2030, with a projected 14% increase in global consumption of meat proteins by 2030 compared to 2020. Protein availability from beef, pork, poultry, and sheep meat is expected to grow by 5.9%, 13.1%, 17.8%, and 15.7%, respectively, by 2030. Therefore, the increasing demand for livestock products is driving the growth of the essential oils & plant extract for livestock market.
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Prominent Trend - Innovation In Essential Oils & Plant Extracts Enhances Livestock Health And Productivity
Technological advancements are a key trend gaining popularity in essential oils & plant extract for livestock market. Many companies operating in essential oils & plant extract for livestock are developing new products or new technologies to strengthen their position in their market. For instance, in October 2021, Cargill launched poultry feed with essential oils for healthy flocks and maximized egg production. Essential oils are added to the company's Nutrena and Naturewise poultry diets to assist raise egg weight and size, improving digestion, and boosting immunity. The FlockShield exclusive ingredient also enables the maintenance of a good, healthy stomach, which boosts the immune system. Yeast culture, prebiotics, and probiotics are included to aid with digestion and nutritional absorption.
Essential Oils & Plant Extract For Livestock Market Players
Major companies operating in the essential oils & plant extract for livestock market include Kemin Industries Inc., Phytosynthese, Provitim, Olmix S.A., Herbarom Laboratoire, Givaudan, Symrise AG, Sensient Technologies, Kangcare Bioindustry Co. Ltd., Pt. Indesso Aroma, Tokiwa Phytochemical Co. Ltd., Native Extracts Pty. Ltd., Synthite Industries Private Ltd., Martin Bauer GmbH & Co. KG, International Flavours and Fragrances Inc., IDENA SAS, Novus International Inc., Trouw Nutrition, Hifeed BV, Panagro Health & Nutrition, Herbavita, Orffa International Holding B.V., Indian Herbs Specialties Pvt. Ltd., Danisco, Manghebati, BENEO GmbH, Amorvet Animal Health Pvt. Ltd., Laboratoires Phode, Rocky Mountain Oils LLC
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the essential oils & plant extract for livestock market in 2023. The regions covered in the essential oils & plant extract for livestock market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Essential Oils & Plant Extract For Livestock Market Report Structure
3. Essential Oils & Plant Extract For Livestock Market Trends And Strategies
4. Essential Oils & Plant Extract For Livestock Market - Macro Economic Scenario
5. Essential Oils & Plant Extract For Livestock Market Size And Growth
…..
27. Essential Oils & Plant Extract For Livestock Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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