Essential Oils & Plant Extract For Livestock Global Market Report 2024

The market for essential oils & plant extracts for livestock involves the utilization of plant extracts considered as natural alternatives to antibiotics for livestock. Examples of such extracts include cloves and cinnamon, known for their antibacterial properties and antioxidative effects in the rumen. Thyme is recognized for stimulating the digestive system, contributing to animal development and productivity. Vanilla oregano, with antibacterial and antimicrobial qualities, is believed to enhance feed intake and efficiency.

In this market, the primary product categories are essential oils and plant extracts. Essential oils find application in promoting animal growth, improving feed intake, and enhancing efficiency in livestock. These oils, derived through distillation, possess the characteristic odor of the plant or source. Both solid/powder and liquid forms of essential oils & plant extracts play a role in addressing gut health, immunity, and overall yield in livestock. The products are applicable to various types of livestock feed, including cattle, poultry, swine, aquatic, and others.

The essential oils plant extract for livestock market research report is one of a series of new reports that provides Essential oils & plant extract for livestock market statistics, including essential oils & plant extract for livestock industry global market size, regional shares, competitors with an essential oils & plant extract for livestock market share, detailed essential oils & plant extract for livestock market segments, market trends and opportunities, and any further data you may need to thrive in the essential oils & plant extract for livestock industry. This essential oils & plant extract for livestock market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 historical period can be attributed to factors such as the influence of traditional and cultural consumption, increasing demand for plant-based protein, widespread adoption of crop rotation practices, the growth of the animal feed industry, and the expansion of global trade and export activities.

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 factors such as the promotion of sustainable agriculture, increasing applications of functional foods, concerns related to global food security, the rise of alternative protein sources, and efforts to enhance climate change resilience. Major trends in the forecast period include the development of meat alternatives, the demand for allergen-free and gluten-free foods, innovations in food processing, the popularity of clean label products, and advancements in food technology.

The escalating demand for livestock products is a driving force behind the growth of the essential oils and plant extract for the livestock market. A shift in global consumption patterns, coupled with a rapid increase in disposable income across both developed and developing countries, has led to a surge in demand for livestock products. The health-related benefits associated with these products further contribute to this trend. As livestock producers increasingly favor organic sources to maintain their herds, there is a heightened consumption of essential oils and plant extracts. For example, the Food and Agricultural Organization reported in July 2021 that the global meat supply is projected to reach 374 million metric tons by 2030, with a projected 14% increase in global consumption of meat proteins by 2030 compared to 2020. This growth is expected in proteins derived from beef, pork, poultry, and sheep meat. Consequently, the rising demand for livestock products is a driving factor in the growth of the essential oils and plant extracts for the livestock market.

The growth of the essential oils and plant extract for the livestock market is also fueled by regulations restricting the use of antibiotic growth promoters in livestock. The use of antibiotic growth promoters (AGPs) in livestock and poultry farming to enhance growth and prevent diseases has faced regulatory constraints. Governments worldwide are encouraging livestock producers to adopt natural and alternative solutions to promote animal health and growth. In response to these regulations, the essential oils and plant extract market for livestock has flourished, offering eco-friendly and sustainable alternatives to traditional antibiotic growth promoters. An example of this regulatory shift is the European Union's ban in January 2022 on the routine use of antibiotics in farmed animals, allowing antibiotic use only for sick individual animals rather than entire herds. This move addresses global public health concerns related to antimicrobial resistance and promotes better animal welfare practices. Consequently, the regulations curbing the use of antibiotic growth promoters for livestock act as a catalyst for the growth of the essential oils and plant extract for the livestock market.

A prominent trend gaining momentum in the essential oils and plant extract for the livestock market is technological advancements. Companies operating in this sector are actively developing new products and technologies to fortify their market positions. For example, in October 2021, Cargill launched poultry feed enriched with essential oils to promote healthy flocks and maximize egg production. Essential oils integrated into the company's Nutrena and Naturewise poultry diets contribute to raising egg weight and size, enhancing digestion, and boosting immunity. The inclusion of the FlockShield exclusive ingredient supports the maintenance of a healthy stomach, thereby reinforcing the immune system. To aid digestion and nutritional absorption, the feed also incorporates yeast culture, prebiotics, and probiotics. This focus on technological innovation reflects a commitment to advancing products and services within the essential oils and plant extract for the livestock market.

Key players in the essential oils and plant extracts for the livestock market are actively engaged in the development of new products, particularly focusing on natural essential oils, to secure a competitive advantage. Essential oils, concentrated hydrophobic liquids containing volatile chemical compounds from plants, offer benefits in promoting animal health and growth. An illustrative example is the initiative by Cargill Inc., a US-based food corporation, in October 2021. Cargill introduced a new line of poultry feeds under the Nutrena Naturewise brand, featuring natural essential oils. These feeds aim to enhance egg production, egg quality, and overall flock health. The formulations include unique ingredients such as FlockShield for immune support, prebiotics, probiotics, and yeast culture for digestion, vitamin D3 for robust eggshells, and plant extracts for healthy growth. Yucca schidigera extract is also included to assist in controlling manure odor. This strategic move exemplifies Cargill's commitment to innovation and its focus on leveraging natural essential oils to meet the evolving demands of the livestock market.

In October 2021, Royal DSM, a Netherlands-based global science company, demonstrated its commitment to growth and innovation by acquiring First Choice Ingredients for an enterprise value of USD 453 million. With this acquisition, DSM aims to facilitate the accelerated growth of First Choice Ingredients by expanding its market presence beyond the US and integrating its solutions into DSM's comprehensive offerings in taste, texture, and health for the Food & Beverage sector. First Choice Ingredients, a US-based company, specializes in concentrated dairy flavors created through natural fermentation and reaction technologies. This strategic acquisition not only enables First Choice Ingredients to tap into DSM's world-class biotechnology toolbox and global customer relationships but also positions DSM as a key player in providing sustainable solutions for its Food & Beverage customers. The acquisition underscores the importance of innovation and global collaboration in shaping the competitive landscape of the essential oils and plant extracts for the livestock market.

Major companies operating 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, Manghebati, BENEO GmbH, Amorvet Animal Health Pvt. Ltd., Laboratoires Phode, Rocky Mountain Oils LLC

Asia-Pacific was the largest region in the essential oils & plant extract for livestock market in 2023. The regions covered in the global essential oils & plant extract for livestock market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the essential oils & plant extract for livestock market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The essential oils & plant extract for livestock market consists of sales of leaves, stems, seeds, lavender, peppermint, hemp extract. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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