Home Energy And Power Essential Oils and Plant Extracts for Livestock Market Size, Share and Forecast to 2031

Essential Oils and Plant Extracts for Livestock Market

Essential Oils and Plant Extracts for Livestock Market Size, Share & Trends Analysis Report By Product Type (Essential Oil, Plant Extract), By Form (Liquid, Solid), By Function (Gut Health, Immunity, Yield), By Livestock (Cattle Feed, Poultry Feed, Swine Feed, Aquatic Feed), By Application (Aromatherapy, Phytotherapy) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SREP1102DR
Study Period 2020-2032 CAGR 2.9%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market Asia-Pacific Fastest Growing Market North America
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Market Overview

The Global Essential Oils and Plant Extracts for Livestock Market size is projected to grow at a CAGR of 2.9% during the forecast period.

Essential oils and plant extracts are consistently being incorporated in the animal feed as an important ingredient. Plant extracts help in improving the quality of feed, which enhances the health performance of animals. Essential oils are highly concentrated compounds that are obtained from plants with a specific scent, which is why they are extensively used in aromatherapy.

Plant extracts are enriched with proteins, peptides, vitamins, micro minerals, fatty acids, and oligosaccharides. The extracts, including capsicum, clover, and cinnamon, benefit animals by improving average daily gain and feed conversion rates. In addition, it is considered that feeding natural extracts to cow helps in reducing dairy farm odor and overall feed costs. Moreover, favorable government regulations, such as a ban on the use of antibiotics in the U.S. and Europe,are expected to unlock new opportunities for substitute products.

Market Dynamics

Growing Concern Regarding Animal Health and Nutrition to Propel the Market Growth

The consciousness regarding the health and wellness of the animals across the globe is rising, which is further driving the demand for the best quality fodder. Consumers are inclined towards feeding their animal’s high nutrient food, such as essential oils and plant extracts. These extracts help to cure reduced appetite and diarrhea, among others. Various diseases among animals, such as lumpy skin disease, Newcastle disease, Q fever, Brucellosis, African swine fever, Bovine Viral Diarrhea (BVD), HaemophilusSomnus, and Infectious Bovine Rhinotracheitis (IBR), are emerging as a critical issue, which is further driving the market growth.

Regional Analysis

India and China to Be the Frontrunners in Asia-Pacific’s Market Growth

Asia-Pacific holds the largest market share as the region is backed by the presence of leading countries, such as India, China, and Japan, and ranks highest in livestock production. In India, the agriculture sector contributes around 70% of the country’s source of income. Moreover, Australia and New Zealand are emerging as the leading milk and dairy products producing countries. The first A2 milk company was also established in New Zealand. In addition, China leads the global meat market, and it is the largest consumer as well as producer of meat in the world, which is further driving the market growth.

Increasing Consumption of Meat Products to Drive North America’s Essential Oil and Plant Extracts Market

North America’s essential oil and plant extracts market is largely driven by the increasing consumption of meat products in the U.S. The country is the leading contributor and holds around 60% of the market share in the region. Rising animal health and wellness awareness in the region has surged the demand for high nutrition products, further driving the market growth.

Figure 2:North America Essential Oil and Plant Extracts Market Share, by Country, 2019 (%)

North-America-Essential-Oil-and-Plant-Extracts-Market-Share-by-Country-2019

Source: RM Analysis, Secondary Research

Report Scope

Report Metric Details
Segmentations
By Product Type
  1. Essential Oil
  2. Plant Extract
By Form
  1. Liquid
  2. Solid
By Function
  1. Gut Health
  2. Immunity
  3. Yield
By Livestock
  1. Cattle Feed
  2. Poultry Feed
  3. Swine Feed
  4. Aquatic Feed
By Application
  1. Aromatherapy
  2. Phytotherapy
Company Profiles Indian Herbs Specialties Pvt. Ltd. Manghebati Olmix S.A. Orffa HerbaromLaboratoire Herbavita Panagro Health & Nutrition Provitim Trouw Nutrition Hifeed BV Phytosynthese DSM N.V. Novus International, Inc. Kemin Industries, Inc. IDENA SAS Danisco Vögele KG Sensnutrition LaboratoiresPhode Amorvet Animal Health Pvt. Ltd. Beneo GmbH
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

Plant Extract Segment Holds the Largest Market Share

The plant extract segment holds the largest market share on account of its ready availability and rising awareness among consumers. Plant extracts, such as natural extracts, phytochemicals, flavors and fragrances, and spices, are a rich source of phytochemicals, which enables them to resists attacks by insects and microorganisms. These extracts offer good growth-promoting effects on animals and are consistently replacing antibiotic growth promoters in livestock.

Rising Use of Essential Oils in Aromatherapy to Drive the Segment Growth

Essential oils are obtained from plants and have several health benefits for humans and animals. These oils have therapeutic properties and are extensively used for aromatherapy to treat farm animals. However, due to lack of availability and high price, the demand for essential oils is comparatively less. Essential oils are concentrated and have more aroma than extracts, which can harm the livestock. Apart from this, the mixture of essential oils and plant extracts are used as feed additives in the fodder to improve performance in the livestock, further driving the segment growth.

Figure 1: Global Essential Oils and Plant Extracts Market Share, by Product Type, 2019 (%)

Global-Essential-Oils-and-Plant-Extracts-Market-Share-by-Product-Type-2019

Source: RM Analysis, Secondary Research

Surging Demand for Milk and Milk Products across the Globe to Drive the Adoption of Essential Oils and Plant Extracts to Increase Production

The poultry and cattle feed segments held around half of the market shares in 2019, on account of the rising population and surging demand for milk and milk products across the globe. Farmers are actively working to provide products that enhance the performance and production of milk, which is further raising the demand for essential oils and plant extracts. The poultry industry, on the other hand, is growing at a fast pace across the globe, owing to the increasing consumption of chicken in the consumer’s diet and dietary supplements. The demand for poultry products is increasing mainly from the bodybuilding and health and fitness sector, further driving the market growth.

Market Size By Product Type

Top Key Players

Indian Herbs Specialties Pvt. Ltd. Manghebati Olmix S.A. Orffa HerbaromLaboratoire Herbavita Panagro Health & Nutrition Provitim Trouw Nutrition Hifeed BV Phytosynthese DSM N.V. Novus International, Inc. Kemin Industries, Inc. IDENA SAS Danisco Vögele KG Sensnutrition LaboratoiresPhode Amorvet Animal Health Pvt. Ltd. Beneo GmbH Others

Frequently Asked Questions (FAQs)

What is the growth rate for the Essential Oils and Plant Extracts for Livestock Market?
Essential Oils and Plant Extracts for Livestock Market size will grow at approx. CAGR of 2.9% during the forecast period.
Some of the top industry players in Essential Oils and Plant Extracts for Livestock Market are, Indian Herbs Specialties Pvt. Ltd., Manghebati, Olmix S.A., Orffa, HerbaromLaboratoire, Herbavita, Panagro Health & Nutrition, Provitim, Trouw Nutrition Hifeed BV, Phytosynthese, DSM N.V., Novus International, Inc., Kemin Industries, Inc., IDENA SAS, Danisco, Vögele KG, Sensnutrition, LaboratoiresPhode, Amorvet Animal Health Pvt. Ltd., Beneo GmbH, etc.
In the Essential Oils and Plant Extracts for Livestock Market, Asia-Pacific has established itself as the market leader with a significant market share.
The North America region has experienced the highest growth rate in the Essential Oils and Plant Extracts for Livestock Market.
The global Essential Oils and Plant Extracts for Livestock Market report is segmented as follows: By Product Type, By Form, By Function, By Livestock, By Application


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