What Fueled The Previous Growth In The Essential Oils & Plant Extract For Livestock Market?
The essential oils & plant extract for livestock market has seen considerable growth due to a variety of factors.
• The market size for essential oils and plant extract for livestock has seen robust growth in recent years. It is expected to expand from $3.51 billion in 2024 to $3.76 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%.
This growth during the historic period can be tied back to traditional and cultural consumption, the demand for plant-based protein, crop rotation techniques, the animal feed industry, and international trade and exports.
What Is The Expected Growth In The Essential Oils & Plant Extract For Livestock Market Size?
The essential oils & plant extract for livestock market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of essential oils and plant extracts for livestock is projected to experience significant growth in the upcoming years, estimating to reach a value of $5.1 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%.
This growth during the predicted period can be credited to factors such as sustainable farming practices, functional food applications, worldwide food security, alternative protein sources, and resilience to climate changes. The prominent trends foreseen within this period are the rise in meat substitutes, shift towards allergen-free and gluten-free food products, advancements in food processing methods, the popularity of clean label products, as well as technology progression.
What Main Forces Are Fueling Expansion In 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. A shift in global consumption habits, a rapid increase in disposable income in both developed and emerging nations, and a growing preference for livestock products due to their health benefits, are jointly causing a spike in demand for these items worldwide. This rise in livestock product demand is anticipated to stimulate the usage of essential oils & plant extracts, as livestock farmers are steadily gravitating towards natural sources for their flock's upkeep. For example, data from the Department of Agriculture, a US federal agency, indicated that in September 2024, the total cash incomes from animal and animal products in 2023 amounted to $249.6 billion. The cattle and calf's earnings accounted for $101.1 billion, or 40.5% of the total, while poultry and egg revenues contributed $67.1 billion, representing 26.9%. Dairy earnings summed up to $45.9 billion, 18.4% of the total. Consequently, the rising demand for livestock products is fuelling the expansion of the essential oils & plant extract for livestock market.
What Are The Primary Segments In The Global Essential Oils & Plant Extract For Livestock Market?
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 Key Trends Are Driving Changes In The Essential Oils & Plant Extract For Livestock Market?
Advancements in technology are emerging as a primary trend within the essential oils and plant extract for livestock market. A number of businesses in this sector are creating innovative products or technologies to solidify their market stance. For example, Cargill introduced a poultry feed supplemented with essential oils in October 2021 to promote healthier flocks and optimize egg production. Essential oils are incorporated in the company's Nutrena and Naturewise poultry diets to enhance egg size and weight, aid digestion, and strengthen the immune system. The specially formulated FlockShield ingredient also contributes to the upkeep of a healthy gut, improving the immune system further. Ingredients like yeast culture, prebiotics, and probiotics are also added to facilitate digestion and nutritional absorption.
Who Are the Key Players in the Essential Oils & Plant Extract For Livestock Market?
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
What Is The Most Dominant Region 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.
