Essential Oils Market Growth, Trend, Outlook, Analysis 2024-2033

The Essential Oils & Plant Extract For Livestock  Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Essential Oils & Plant Extract For Livestock  Global Market Report 2024, The essential oils & plant extract for livestock market size has grown strongly in recent years. It will grow from $3.27  billion in 2023 to $3.51  billion in 2024 at a compound annual growth rate (CAGR) of 7.2%.  The  growth in the historic period can be attributed to traditional and cultural consumption, plant-based protein demand, crop rotation practices, animal feed industry, global trade and export.

The essential oils & plant extract for livestock market size is expected to see strong growth in the next few years. It will grow to $4.71  billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.  The growth in the forecast period can be attributed to sustainable agriculture, functional food applications, global food security, alternative protein sources, climate change resilience. Major trends in the forecast period include meat alternatives, allergen-free and gluten-free foods, innovations in food processing, clean label products, technological advancement .

The surging demand for livestock products is driving the growth of the essential oils & plant extract for livestock market. Increasing shift in consumption patterns among individuals across the globe, rapid growth in disposable income among individuals in both developed and developing countries and increasing adoption of livestock products due to their health-related benefits are mutually contributing to increased demand for livestock products across the globe. The rapid growth in demand for livestock products is expected to boost the consumption of essential oil & plant extracts, as the livestock producers are increasingly inclining towards organic sources to maintain their herd. For instance, in July 2021, according to the Food and Agricultural Organization, a Canada-based specialized agency of the United Nations, the global meat supply is projected to reach 374 Mt by 2030, with a projected 14% increase in global consumption of meat proteins by 2030 compared to 2020. Protein availability from beef, pork, poultry, and sheep meat is expected to grow by 5.9%, 13.1%, 17.8%, and 15.7%, respectively, by 2030.  Therefore, the increasing demand for livestock products is driving the growth of the essential oils & plant extract for livestock market.

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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, Yeild
4) By Livestock: Cattle Feed, Poultry Feed, Swine Feed,  Aquatic Feed, Other Livestocks

Technological advancements are a key trend gaining popularity in essential oils & plant extract for livestock market. Many companies operating in essential oils & plant extract for livestock are developing new products or new technologies to strengthen their position in their market. For instance, in October 2021, Cargill launched poultry feed with essential oils for healthy flocks and maximized egg production. Essential oils are added to the company’s Nutrena and Naturewise poultry diets to assist raise egg weight and size, improving digestion, and boosting immunity. The FlockShield exclusive ingredient also enables the maintenance of a good, healthy stomach, which boosts the immune system. Yeast culture, prebiotics, and probiotics are included to aid with digestion and nutritional absorption.

Top Major Players

Kemin Industries Inc.,

Phytosynthese,

Provitim,

Olmix S.A.,

Herbarom Laboratoire

The essential oils & plant extract for livestock  market report table of contents includes:
1. Executive Summary

2. Essential Oils & Plant Extract For Livestock Market Characteristics
3. Essential Oils & Plant Extract For Livestock Market Trends And Strategies
4. Essential Oils & Plant Extract For Livestock Market – Macro Economic Scenario
5. Global Essential Oils & Plant Extract For Livestock Market Size and Growth
6. Essential Oils & Plant Extract For Livestock Market Segmentation
7. Essential Oils & Plant Extract For Livestock Market Regional And Country Analysis

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33. Key Mergers And Acquisitions In The Essential Oils & Plant Extract For Livestock Market
34. Essential Oils & Plant Extract For Livestock Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Essential Oils & Plant Extract For Livestock Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Essential Oils & Plant Extract For Livestock Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Essential Oils & Plant Extract For Livestock Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 75: Kemin Industries Inc. Financial Performance

Table 76: Phytosynthese Financial Performance

Table 77: Provitim Financial Performance

Table 78: Olmix S.A. Financial Performance

Table 79: Herbarom Laboratoire Financial Performance

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