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How Has the Market Size of Essential Oils & Plant Extract For Livestock Evolved and What Is Its Growth Forecast?
The essential oils & plant extract for livestock market has exhibited steady growth recently, rising from $3.51 billion in 2024 to an estimated $3.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. This growth is linked to factors such as traditional and cultural consumption, demand for plant-based protein, crop rotation practices, the animal feed industry, and global trade and export. Looking ahead, the market is anticipated to further balloon to $5.1 billion by 2029, marking a CAGR of 7.9%. Influencers like sustainable agriculture, functional food applications, global food security, alternative protein sources, and climate resilience are expected to drive this growth.
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What Drives the Essential Oils & Plant Extract For Livestock Market Growth?
The surging demand for livestock products is driving the growth of the essential oils & plant extract for livestock market. A global shift in consumption patterns, rapid growth in disposable income, and increasing adoption of livestock products due to health-related benefits are supporting this increased demand. Livestock producers are increasingly resorting to organic sources to maintain their herd, thereby boosting the consumption of essential oils & plant extracts. For example, total cash receipts from animals and animal products reached $249.6 billion in 2023, according to the Department of Agriculture.
What are the Major Segments in the Essential Oils & Plant Extract For Livestock Market?
The essential oils & plant extract for livestock market is segmented into:
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
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Who are the Major Players in the Essential Oils & Plant Extract For Livestock Market?
Prominent companies 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 Trends are Emerging in the Essential Oils & Plant Extract For Livestock Market?
Technological advancements form a critical trend in the essential oils & plant extract for livestock market. Companies are developing new products or technologies to strengthen their market position. For instance, in October 2021, Cargill launched poultry feed with essential oils that maximized egg production, improved digestion, and boosted immunity.
Which Region Dominates 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. Other regions studied in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Essential Oils & Plant Extract For Livestock Market Report 2025 Offer?
The Essential Oils & Plant Extract For Livestock Market report offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. The market involves natural substances that can take the place of antibiotics as secure and enduring substitutes. The essential oils & plant extract for livestock include cloves, cinnamon, thyme, vanilla oregano, which have diverse beneficial properties.
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