The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

The Business Research Company’s Essential Oils And Plant Extract For Livestock Global Market Report 2024 offers crucial insights into the essential oils and plant extract for livestock market help businesses analyse and build stronger strategies.

 

 

The essential oils & plant extract for livestock market has witnessed robust growth in recent years, escalating from $3.27 billion in 2023 to $3.51 billion in 2024, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 7.2%. This growth surge in the historic period can be attributed to a myriad of factors such as traditional and cultural consumption, plant-based protein demand, crop rotation practices, the animal feed industry, and the dynamics of global trade and export.

 

 

Key Drivers of Historical Growth

• Traditional and cultural consumption
• Plant-based protein demand
• Crop rotation practices
• Animal feed industry dynamics
• Global trade and export

 

 

Prospects on the Horizon: Forecasted Growth

The essential oils & plant extract for livestock market is poised for continued strong growth, projected to reach $4.71 billion in 2028 with a Compound Annual Growth Rate (CAGR) of 7.7%. Anticipated growth in the forecast period is linked to factors such as sustainable agriculture, functional food applications, global food security, the quest for alternative protein sources, and climate change resilience. Noteworthy trends in the forecast period include the rise of meat alternatives, allergen-free and gluten-free foods, innovations in food processing, the surge in clean label products, and continuous technological advancements.

 

 

Emerging Trends to Watch

• Meat alternatives
• Allergen-free and gluten-free foods
• Innovations in food processing
• Clean label products
• Technological advancements

 

 

Rising Global Appetite for Livestock Products Drives Market Momentum

The increasing demand for livestock products acts as a catalyst for the growth of the essential oils & plant extract for livestock market. The shift in consumption patterns globally, coupled with a rapid increase in disposable income in both developed and developing countries, fuels the adoption of livestock products. This surge in demand prompts livestock producers to turn to organic sources, leading to an upswing in the consumption of essential oils & plant extracts. Notably, the global meat supply is projected to reach 374 Mt by 2030, reflecting a 14% increase in global meat protein consumption compared to 2020.

 

 

Major Players Shaping the Market

• Kemin Industries Inc.
• Phytosynthese
• Provitim
• Olmix S.A.
• HerbaromLaboratoire
• Givaudan
• Symrise AG
• Sensient Technologies
• Kangcare Bioindustry Co. Ltd.
• … and more.

 

 

Innovations Fueling Livestock Health and Productivity

Technological advancements take center stage as a key trend in the essential oils & plant extract for livestock market. Companies are investing in new products and technologies to solidify their market position. An example of this trend is Cargill’s launch of poultry feed with essential oils to enhance flock health and maximize egg production. The addition of essential oils improves digestion, boosts immunity, and ensures the maintenance of a healthy stomach.

 

 

Read The Full Essential Oils And Plant Extract For Livestock Market Report Here:

https://www.thebusinessresearchcompany.com/report/essential-oils-and-plant-extract-for-livestock-global-market-report

 

 

Technological Advancements in Action

• Cargill’s poultry feed with essential oils
• DSM’s strategic acquisition of First Choice Ingredients
• First Choice Ingredients’ natural fermentation and reaction technologies

 

 

DSM’s Strategic Move: Expanding Reach and Innovation in Dairy Flavors

In a strategic move, Royal DSM acquired First Choice Ingredients for USD 453 million in October 2021. This acquisition allows DSM to facilitate First Choice Ingredients’ growth outside the US, tapping into DSM’s extensive global customer base. Additionally, it enriches DSM’s offerings in taste, texture, and health, providing sustainable solutions for the Food & Beverage sector. The synergy enables First Choice Ingredients to access DSM’s biotechnology toolbox, fermentation expertise, and global customer relationships.

 

 

A Closer Look at DSM’s Acquisition

• Royal DSM acquires First Choice Ingredients
• Enterprise value of USD 453 million
• DSM’s global customer base integration
• Access to DSM’s biotechnology toolbox

 

 

Market Segmentation: Unraveling Diverse Dimensions

The essential oils & plant extract for livestock market is comprehensively segmented, offering insights into its multifaceted nature.

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

 

 

Asia-Pacific Takes the Lead

In 2023, Asia-Pacific emerged as the largest region in the essential oils & plant extract for livestock market, underscoring the region’s pivotal role in shaping the industry’s landscape.

 

 

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TheEssential Oils And Plant Extract For Livestock Global Market Report 2024 provides a comprehensive outlook of the essential oils and plant extract for livestock market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The essential oils and plant extract for livestock market forecast offers a thorough analysis onessential oils and plant extract for livestockmarket size, essential oils and plant extract for livestock market share,prominent players and their strategies.

 

 

The Table Of Content For The Essential Oils And Plant Extract For Livestock Market Include:
1. Essential Oils And Plant Extract For Livestock Market Executive Summary
2. Essential Oils And Plant Extract For Livestock Market Segments
3. Essential Oils And Plant Extract For Livestock Market Size And Essential Oils And Plant Extract For Livestock Market Growth Rate
4. Key Essential Oils And Plant Extract For Livestock Market Trends
5. Major Essential Oils And Plant Extract For Livestock Market Drivers
……
25. Key Mergers And Acquisitions In The Essential Oils And Plant Extract For Livestock Market
26. Top Essential Oils And Plant Extract For Livestock Companies
27. Essential Oils And Plant Extract For Livestock Market Opportunities And Strategies
28. Essential Oils And Plant Extract For Livestock Market, Conclusions And Recommendations
29. Appendix

 

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