Global Essential Oils and Plant Extracts for the Livestock Market Overview
The global market for essential oils and plant extracts for farm animals is expected to grow by x% CAGR during the forecast period. The growth of the essential oils and plant extracts for farm animals market by region has been analyzed and forecast in the report. The latest Livestock Essential Oils and Herbal Extracts Market published by Maximize Market Research has segmented the market on the basis of
XXX market segment
COVID-19 effects:
The COVID-19 pandemic has hit food supply chains around the world. However, the effects of the same are different in different regions and countries. The report has captured it very carefully and the micro-level impact in each segment is analyzed. The positive impact on online business in 2020 and the expected growth in online grocery ordering in APAC countries is one of the major changes in the market.
Industry trends:
The report has covered the industry trends by region, packaging, investment, consumer behavior and the report covered not only the supply side but also consumer behavior and its impact on food consumption over the forecast period. The changing eating habits in APAC, North America, have also given special emphasis.
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The report study analyzed the sales impact of the COVID-19 pandemic on the sales of market leaders, market followers and market disruptors in the report. This is also reflected in our analysis.
Essential oils are concentrated liquids made up of complex mixtures of volatile compounds and can be removed from numerous plant organs. Essential oils are a good source of various bioactive compounds that have antioxidant and antimicrobial properties. Essential oils and plant extracts are mainly used as an essential ingredient in animal feed to improve the quality of the feed, which has a positive effect on the general health and performance of animals. The global essential oils and plant extracts for the livestock market are being driven by the increasing proportion of farm animals in agricultural production, favorable rules and regulatory scenarios, increasing disposable income and growing demand for animal by-products. The declining use of antibiotic growth promoters in animal feed is also driving market growth in the coming period. However, the unavailability of sufficient raw materials and the fluctuations in the price of plant extracts are hampering market growth on a global level. The various benefits of plant extracts and essential oils in animal nutrition are expected to provide beneficial growth opportunities for the key players in the essential oils and plant extracts for the livestock market.
Based on the livestock population, the Poultry Feed segment led the livestock essential oils and herbal extracts market in 2019 and is expected to have market sales of more than USD XXM with a CAGR of XX% by 2027. Poultry feed is feed for farm poultry that includes chickens, geese, ducks and other domestic birds. The rising number of poultry production scandals is the main reason that growing concerns about food safety and clean labels are directly affecting sales of poultry feed around the world. Global poultry production is expected to grow rapidly, which is likely to fuel demand for essential oils and plant extracts in this segment. It is estimated that the growing demand for better quality meat products, particularly poultry and pork, coupled with increasing patterns of reducing the use of antibiotics in animal feed will drive the market in the years to come.
Geographically, the essential oils and plant extracts for the livestock market are divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The Asia-Pacific region held the outstanding market share of XX% in 2019 and is expected to reach USD million by the end of 2027 with a CAGR of XX%. Growing awareness of the health benefits of using plant extracts in animal feed is driving demand for essential oils and plant extracts for farm animals in the area. China and India contribute significantly to the regional market growth, which has a noticeable share in the production and consumption of poultry products such as meat and eggs.
China is the world’s leading producer and buyer of meat. Strong economic growth supports the country’s rapid urbanization. In terms of revenue, North America held the market share of 27% in 2019 and is expected to grow at a CAGR of XX% over the forecast period. The US is a prominent proponent of regional market growth. The growing population coupled with the high disposable income of customers has resulted in strong demand for meat products that is expected to fuel regional market growth in the near future.
The aim of the report is to provide a comprehensive analysis of the global livestock essential oils and herbal extracts market with the involvement of all industry stakeholders. The past and current status of the industry with forecast market sizes and trends is presented in simple language in the report with the analysis of complicated data. The report covers all aspects of the industry with a dedicated study of the key players that includes market leaders, followers, and new entrants in the market. The report presented PORTER, SVOR, and PESTEL analysis with the possible impact of microeconomic factors in the market. Both external and internal factors that are said to have a positive or negative impact on the business were analyzed to give decision makers a clear futuristic view of the industry. The report also helps in understanding the dynamics of the global Farm Animal Essential Oils and Herbal Extracts Market structured by analyzing the market segments and projects the size of the global Farmed Animal Essential Oils and Herbal Extracts Market. A clear presentation of the competitive analysis of the major players by application, price, financial condition, product portfolio, growth strategies, and regional presence in the global Farm Animal Essential Oils and Herbal Extracts Market is the investor’s guide.
Scope of Global Essential Oils and Plant Extracts for the Livestock Market:
Global Essential Oils and Plant Extracts for the Livestock Market, By Product:
• Volatile oil
• Plant extract
Global Essential Oils And Plant Extracts For The Livestock Market By Shape:
• liquid
• Solid / powder
Global Essential Oils & Plant Extracts For The Livestock Market By Function:
• Good health
• immunity
• yield
• Other function
Global Essential Oils and Plant Extracts for the Livestock Market, by Farm Animals:
• Forage
• Poultry feed
• Pig feed
• Water feed
• Other
Global Essential Oils and Plant Extracts for the Livestock Market, By Application:
• aromatherapy
• Phytotherapy
Global Essential Oils and Plant Extracts for the Livestock Market, Key Players:
• Manghebati
• INDIAN HERBS SPECIALTIES PVT LTD
• Orphae
• Herbavita
• Herbaroma
• Olmix group
• Phytosynthesis
• DSM
• Kemin Industries, Inc.
• DuPont de Nemours, Inc.
• Biolandes
• Joh. Vögele KG
• DELACON Biotechnik GmbH
• BENEO GmbH
• Plant Extracts International Inc.
• Eden Botanicals
• Trouw Nutrition BV
• CCPA GROUP
• Foreverest Resources Ltd.
• Martin Bauer Group
• Provimi North America, Inc.
• Distillations Bordas Chinchurreta SA
• BIOMIN Holding GmbH
The Farm Animal Essential Oils and Herbal Extracts market includes regions in North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Competitive analysis:
The report covered the key players and their profiles with their strategic intent and organic as well as inorganic growth strategies. The company’s investment and M&A activities are covered by the ticket size and impact of the market, as well as the company’s positioning in this area.
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Information to Maximize Market Research:
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