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Essential Oils & Plant Extract For Livestock Market 2022 Supply-demand, Company Analysis And Forecast 2030

Essential Oils & Plant Extract For Livestock Market Growth & Trends

The global essential oils & plant extract for livestock market are expected to reach USD 4.95 billion by 2030 at a 7.3% CAGR over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by rising attention toward animal health and its nutrition. These products are used as additives for improving the quality of feed, eventually improving the performance and overall health of the animals.

Various factors such as growing meat consumption, increasing disposable income, and rising population, are anticipated to positively contribute to the demand for essential oils & plant extracts for the livestock market. These natural products help in providing various benefits such as increased yield, better gut health, and increased immunity. Several industry participants are using these products to improve animal performance and to obtain high yields.

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Essential oils are also acquired from plants and are mostly used for therapeutic purposes. The frequently used way to use these essential oils is aromatherapy. However, as they have a stronger aroma when compared with their extracts, they can have harsh effects on the animals. On the contrary, a combination of a variety of essential oils and plant extracts are being used as additives in animal feed to improve the performance of these animals. Such factors are likely to boost the market growth in the coming years.

Global shut down of warehouses and manufacturing facilities had impacted the market growth of feed additives. The outbreak of the COVID-19 pandemic caused supply chain disruption which eventually resulted in a demand-supply gap, challenges in raw material distribution, distribution, and supply of finished products. The overall effect of the pandemic was also seen in the international trade, exports, and imports. However, by the start of 2021, there has been an increase in the global demand for poultry, aquaculture, and other feed additives. This, in turn, is anticipated to positively impact the essential oils & plant extracts for the livestock market.

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Essential Oils & Plant Extract For Livestock Market Segmentation

Grand View Research has segmented the global essential oils & plant extract for livestock market report based on product, form, function, livestock, and region:

Essential Oils & Plant Extract For Livestock Product Type Outlook (Revenue, USD Million; 2018 – 2030)

·         Essential Oils

·         Plant Extracts

Essential Oils & Plant Extract For Livestock Form Outlook (Revenue, USD Million; 2018 – 2030)

·         Liquid

·         Solid

Essential Oils & Plant Extract For Livestock Function Outlook (Revenue, USD Million; 2018 – 2030)

·         Gut Health

·         Immunity

·         Yields

·         Others

Essential Oils & Plant Extract For Livestock Outlook (Revenue, USD Million; 2018 – 2030)

·         Cattle Feed

·         Poultry Feed

·         Swine Feed

·         Aquatic Feed

·         Others

List of Key Players in Essential Oils & Plant Extract For Livestock Market

·         Manghebati

·         Indian Herbs Specialties Pvt.Ltd.

·         Orffa

·         Herbavita

·         Herbarom Laboratoire

·         Olmix S.A.

·         Panagro Health & Nutrition

·         Provitim

·         Phytosynthese

·         Trouw Nutrition Hifeed BV

·         DSM N.V.

·         Novus International, Inc.

·         Kemin Industries, Inc.

·         Danisco

·         IDENA SAS

·         Joh. Vogele KG

·         Delacon Biotechnik GmbH

·         Sensnutrition

·         Laboratoires Phode

·         Amorvet Animal Health Pvt.Ltd.

·         BENEO GmbH

Browse Full Report:https://www.grandviewresearch.com/industry-analysis/essential-oils-plant-extracts-for-livestock-market

About Us:

  Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

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