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Major Growth Driver Identified in 2025 Essential Oils & Plant Extract For Livestock Market: Rising Global Demand For Livestock Products Fuels Growth In Essential Oils & Plant Extracts For Livestock Market
Essential Oils & Plant Extract For Livestock
Essential Oils & Plant Extract For Livestock Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size in the segment of essential oils and plant extracts for livestock has seen considerable growth in the past few years. There is an expected increase from $3.51 billion in 2024 to $3.76 billion in 2025, witnessing a compound annual growth rate (CAGR) of 7.2%. The contributing factors to the growth trend in the historical period include traditional and cultural consumption, demand for plant-based protein, crop rotation techniques, animal feed industry, as well as global trade and exports.
Essential Oils & Plant Extract For Livestock Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for substantial growth in the essential oils & plant extract for livestock market in the coming years, with its size projected to increase to $5.1 billion in 2029, marking a compound annual growth rate (CAGR) of 7.9%. This anticipated growth within the predicted period is linked to several factors such as sustainable farming, functional food applications, global food security, the exploration of alternative protein sources and resilience to climate change. Highlights within the forecast period include the rise of meat substitutes, allergen-free and gluten-free foods, innovative food processing techniques, clean labelled products, and technological progress.
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What Are the Drivers Transforming the Essential Oils & Plant Extract For Livestock Market?
The escalating need for livestock products is propelling the expansion of the essential oils & plant extract for livestock market. The change in consumption habits among people worldwide, the swift increase in disposable income in both advanced and emerging nations, and the growing utilization of livestock products due to their health advantages, all these factors are collectively increasing the demand for livestock products. The quick rise in the requirement for livestock products is projected to elevate the use of essential oils & plant extracts, as livestock farmers are progressively leaning towards natural sources to sustain their livestock. For example, in September 2024, as per the US Department of Agriculture, a US federal department, in 2023, the total cash earnings from animals and animal products came to $249.6 billion. Out of this, the income from cattle and calf was $101.1 billion, contributing to 40.5% of the total. Poultry and egg income added $67.1 billion, accounting for 26.9%, whereas dairy income came to $45.9 billion, making up 18.4%. Thus, the growing need for livestock products is propelling the expansion of the essential oils & plant extract for livestock market.
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What Long-Term Trends Will Define the Future of the Essential Oils & Plant Extract For Livestock Market?
Emerging technological innovations in the essential oils and plant extract sector for livestock market are observing increasing popularity. Many firms functioning in this market are inventing new products or proprietary technologies to fortify their market stance. For example, in October 2021, Cargill launched a product - poultry feed infused with essential oils aimed at fostering healthy flocks and optimizing egg production. The company uses essential oils in both their Nutrena and Naturewise poultry feeds to improve egg weight and size, enhance digestion, and fortify immunity. The incorporation of FlockShield, an exclusive ingredient, assists in maintaining a healthy gut, thereby bolstering the immune system. Additionally, the product contains yeast culture, prebiotics, and probiotics to support digestion and nutrient absorption.
Which Segments in the Essential Oils & Plant Extract For Livestock Market Offer the Most Profit Potential?
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
Subsegments:
1) By Essential Oils: Citrus Oils, Herbal Oils, Spice Oils, Floral Oils
2) By Plant Extracts: Herbal Extracts, Fruit Extracts, Vegetable Extracts, Other Plant Extract
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Which Firms Dominate the Essential Oils & Plant Extract For Livestock Market by Market Share and Revenue in 2025?
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, BENEO GmbH, Amorvet Animal Health Pvt. Ltd., Laboratoires Phode
Which Regions Offer the Highest Growth Potential in the Essential Oils & Plant Extract For Livestock Market?
Asia-Pacific was the largest region in the essential oils & plant extract for livestock market in 2024. 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.
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