In 2017, the global market for essential oils and plant extracts for livestock was valued at USD 2.02 million. These products will be in high demand due to growing global concerns about animal nutrition and health.
Because essential oils and plant extracts can improve animal performance and health, they are becoming more popular as a feed ingredient. This in turn helps to improve the quality of animal-derived food products.
Plant extracts are mainly composed of proteins, vitamins, oligosaccharides and peptides. These plant extracts are usually classified as flavonoids and isoprene derivatives. Animals benefit from plant extracts like clover, cinnamon, capsicum by increasing feed conversion rates and average daily gains. Natural extracts can also be fed to cows to decrease dairy farm smell and overall feed costs.
A favorable regulatory environment, such as the ban on antibiotics in Europe or the U.S., will open up new opportunities for replacement products like enzymes, acidsifiers, amino acid, and herbal extracts as growth stimulators. Markets will benefit from this shift to antibiotic alternatives.
Market growth will be aided by rising meat consumption due to factors like increasing population and increased disposable income. The recent outbreaks of diseases such as foot-and mouth and swine flu in livestock have raised concerns about the safety and quality of meat. This has encouraged the use of natural feed additives.
Natural products can provide many benefits, including increased immunity, improved gut health, and higher yield. Many industry players are now using these products to increase their animal performance and yield high levels. The market is expected to grow due to increasing demand for animal byproducts and technological advances in animal healthcare. This market will be fueled by favorable regulations regarding animal nutrition.
The market can be divided into essential oils or plant extracts based on product. Plant extracts accounted for approximately 78.0% of the market's total share in 2017. This was the fastest-growing segment. These include essential oils, natural extracts and spices, flavors, fragrances, phytochemicals and other.
The phytochemicals in plants are what enable them to resist insect and microorganism attacks. These secondary compounds are becoming more popular as a replacement for antibiotics in livestock.
The majority of essential oils can be extracted from plants. They are used for therapeutic purposes. Aromatherapy is one of the most popular ways to use essential oils to help farm animals. Essential oils can cause adverse reactions in animals because they have a stronger aroma than extracts. They should be used only in the prescribed amounts. A blend of essential oils and plant extracts is used to enhance performance in farm animals. These blends are proportional to the final purpose.
Essential oils and plant extracts are available in liquid and solid forms. The solid form was the most popular and held a market share exceeding 61.0% in 2017. This segment is forecast to grow at 6.5% during the forecast period.
Segment growth is influenced by the preference for solid animal feed, and the development solid plant extract-based products that have a higher carrier capacity. Due to their high digestibility, solid animal feed supplements containing minerals and multivitamins, as well as amino acids and plant extracts, are in greater demand.
Innovations in feed systems and on-site feed formulation tools will allow for the application of essential oils and extracts in both liquid and solid form of feed supplements.
The essential oils and plant extracts for livestock markets have been divided into four functional segments: gut health, immunity, yield, etc. The largest segment was gut health in 2017, and it is expected to grow at 6.6% over the forecast period. This segment will continue to dominate the market, accounting for 36.73% of the total market by 2025. For sustainable livestock production and improved functionality, it is vital that animals have a healthy gut.
Plant extracts and essential oils can be used as disinfectants, immune boosters, or performance enhancers. The maintenance of intestinal mucosa is key to combating microorganisms.
2017 was a record year for immunity, which was the second-largest sector. It is projected to grow at 6.1% CAGR over the forecast period. Due to the recurring spread of many animal diseases, livestock producers face severe losses. These losses can be reduced by using essential oils to boost the animals' immunity.
Because of their added benefits, essential oils and plant extracts can be used in animal feed. They have the ability to increase digestive enzyme production, improve meat characteristics, reduce pH levels and prevent weight loss during lactation.
The fastest-growing segment of application is phytotherapy and will grow at a 6.6% CAGR over the forecast period. Phytotherapy can be used to treat and prevent chronic illnesses and ailments in farm animals. It can treat a variety of ailments, including diarrhea, vomiting, intestinal worms and lice, infestations by mice, and wounds.
Over the forecast period, aromatherapy is expected to grow at 6.0% CAGR. Aromatherapy is being restricted due to animal sensitivities. There are many other uses for essential oils and plant essences in this market, including prevention of pests, flies and ticks and prevention from fungal infections.
The market can be divided into four segments based on livestock: poultry, swine and aquatic. In 2017, 37.03% of market revenue was accounted by the poultry feed segment, making it the fastest-growing livestock segment. Due to frequent outbreaks of avian flu, strict regulations have been enforced. This has increased the demand for feed additives. Global poultry meat production is expected to grow at a rapid pace, which will in turn increase demand for essential oils, and plant extracts.
The market is expected to grow due to rising demand for high-quality meat products, particularly poultry and swine, as well as the increasing use of antibiotics in animal food. From 2018 to 2025, the swine feed market is expected to grow at 6.4%.
Asia Pacific emerged as the largest regional market, accounting for 32.5% revenue share in 2017. Due to the economic strength of the developing countries, product demand is expected to continue to rise in the future.
China is the leader in global meat markets. It is both the largest consumer and producer of meat. China's strong economic growth has supported rapid urbanization. Japan and India also have high-quality animal products, which is why they are more likely to use feed supplements.
North America accounted for approximately 27.0% of total revenue in 2017, followed closely by the Asia Pacific market. The U.S. contributes significantly to growth. The U.S. is a major contributor to global growth.
Major feed additives producers have noticed a shift in their production to developing countries like Brazil, India, China and Russia. This will likely have a positive effect on the overall market.
There are many players in the market catering to this growing demand. The industry is constantly developing new products that target specific end-user requirements. Suppliers and manufacturers collaborate to develop innovative products with lower input costs.
In recent years, partnerships have increased in number among industry players to expand the brand portfolio, gain access in regional markets, and receive appropriate benefits. Manghebati SAS and Olmix S.A., Trouw Nutrition and Danisco (DuPont Danisco Animal Nutrition), are major market players. They have also been expanding their product ranges and entering into partnerships. Other notable players include Orffa and Kemin Industries, Herbavita, Kemin Industries and Herbarium Laboratories.
This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global essential oils and plant extracts market report by product, form, function, region, and application.
Product Outlook (Revenue USD Million, 2014-2025)
Essential Oil
Plant Extract
Form Outlook (Revenue USD Million, 2014-2025)
Liquid
Solid
Function Outlook (Revenue USD Million, 2014-2025)
Gut Health
Immunity
Yield
Livestock Outlook (Revenue USD Million, 2014-2025)
Cattle Feed
Dairy
Meat
Poultry Feed
Swine Feed
Aquatic Feed
App Outlook (Revenue USD Million, 2014-2025)
Aromatherapy
Phytotherapy
Regional Outlook (Volume: Million Barrels; Revenue: USD Million, 2014-2025)
North America
The U.S.
Europe
Germany
The U.K.
France
Spain
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa
Up Market Research published a new report titled “Essential Oils & Plant Extracts for Livestock Market research report which is segmented by Application (Aromatherapy, Phytotherapy), by Livestock (Swine, Poultry), By Players/Companies prevention from fungal infections and allergies, flies, ticks, fleas, spa and relaxation for animals, massage, prevention from pests, pet care”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Essential Oils & Plant Extracts for Livestock Market Research Report |
By Application | Aromatherapy, Phytotherapy |
By Livestock | Swine, Poultry |
By Companies | prevention from fungal infections and allergies, flies, ticks, fleas, spa and relaxation for animals, massage, prevention from pests, pet care |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 208 |
Number of Tables & Figures | 146 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Aromatherapy, Phytotherapy), by Livestock (Swine, Poultry).
Essential Oils & Plant Extracts for Livestock Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Essential Oils & Plant Extracts for Livestock Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Essential Oils & Plant Extracts for Livestock Market Report:
Some other reports from this category!