Global Report on Essential Oils and Plant Extracts for the Livestock Market. The report will present the past market trends from 2017 and projections from 2021 to 2026 taking 2020 into account differently. The report forecast that the essential oils and plant extracts market for farm animals will reach XX billion by 2026, giving the regional breakdown by country. The report looked at the market drivers and various strategies implemented by the key players for expanding and maintaining their customer base by focusing on market leaders, followers and new entrants. The market drivers and sales of each major player in each segment are analyzed to provide brief insights so that the user can understand the market scenario in less time. In the forecast for each year, rational forecasts are given that are intended to drive or restrict the market. The focus on each player and their unit sales by brand makes this report unique in the industry.
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 livestock herd, the Poultry Feed segment led the livestock essential oils and herbal extracts market in 2019 and is projected to achieve market revenue 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. PORTER, SVOR, and PESTEL analysis of the possible impact of microeconomic factors in the market have been featured in the report. Both external and internal factors that are said to have a positive or negative impact on the business were analyzed in order 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 the Global Livestock Essential Oils and Herbal Extracts Market: Ask Before Buying
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 Cattle Market Essential Oils & Plant Extracts By Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
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
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The farm animal essential oils and plant extracts market faced several challenges in 2020 including the Covid lockdown and the sudden drop in demand. However, demand is expected to normalize in 2021 and pick up again in 2022, which is covered in the report
Essential oils and plant extracts for regional analysis of the livestock market
By region, essential oils and plant extracts for the livestock market are divided into North America, South America, Europe, the Middle East, and APAC. The APAC market has further treated the in-depth analysis of the ASEAN countries separately in the report.
The report has profiled the major market players based on their size and presence by region. Since the profile of the overall Kay gamer is limited, companies are represented by region, revenue, technology spending, expansion plans, investments received, and M&A representations.
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