Global Essential Oils & Plant Extract For Livestock Market Size, Share, Growth Analysis, By Product type(Essential oils, oleoresins), By Animal type(Poultry, swine), By Form(Liquid, powder) - Industry Forecast 2024-2031

Global essential oils & plant extract for livestock market size was valued at USD 31.06 billion in 2022 and is poised to grow from USD 33.24 billion in 2023 to USD 57.15 billion by 2031, at a CAGR of 7.01% during the forecast period (2024-2031).

Essential oils and plant extracts for livestock have gained popularity in the livestock industry over the years for their role in enhancing animal health, growth, and performance. These natural alternatives offer several benefits, including serving as substitutes for antibiotics, promoting improved growth and performance, reducing stress, enhancing immune function, and improving meat quality. Their role as alternatives to antibiotics is particularly noteworthy, considering the concerns surrounding antibiotic resistance in animal production. By incorporating natural products like essential oils and plant extracts into livestock diets, farmers can potentially reduce their reliance on antibiotics, thereby mitigating the risk of resistance. This shift towards natural alternatives not only promotes animal health but also contributes to the production of safer food products. Additionally, their use aligns with modern demands for more sustainable and environmentally friendly agricultural practices. Essential oils and plant extracts also play a crucial role in mitigating stress levels in livestock, which can have significant implications for animal health and performance. Exposure to stressful situations can weaken the immune system and reduce appetite, leading to weight loss and decreased productivity. Incorporating these natural products into animal diets can help alleviate stress, with specific oils like lavender and chamomile known for their calming effects. By reducing stress levels, farmers can improve overall animal well-being and productivity, ultimately leading to a more profitable operation. Moreover, the use of natural products like essential oils and plant extracts positively influences meat quality, making it more tender, juicy, and flavorful. Studies have demonstrated that animals fed with essential oils produce meat with superior sensory properties, appealing to modern consumers who prioritize high-quality and ethically produced food products. In summary, the incorporation of essential oils and plant extracts in the livestock industry offers a promising approach to meet the demands of both animal health and consumer preferences in a sustainable and environmentally conscious manner.

Top-down and bottom-up approaches were used to estimate and validate the size of the global essential oils & plant extract for livestock market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Essential Oils & Plant Extract for Livestock Market Segmental Analysis

Global essential oils & plant extract for livestock market is segmented based on product type, animal type, form, and region. By product type, the market is segmented into essential oils, oleoresins, herbs and spices, and others. By animal type, the market is segmented into poultry, swine, ruminants, aquatic animals, and others. By form, the market is segmented into liquid, powder, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Essential Oils & Plant Extract for Livestock Market

In recent years, people have been asking for better treatment of animals, and using natural things like essential oils and plant extracts could help make animals healthier and happier. These natural products can do a lot of good, like calming down animals, making their immune systems stronger, and making the meat they produce better. Animals can get stressed out easily, which can make them sick and not perform well. But essential oils and plant extracts can help animals relax and feel better. When farmers add these natural products to what the animals eat, it could make their lives better and keep them from getting too stressed. Also, these natural products have special parts that can make animals' immune systems stronger, so they might not need as much medicine. When animals are healthier, it helps them stay well and keeps diseases from spreading.

Restraints in the Global Essential Oils & Plant Extract for Livestock Market

One major hurdle in adopting essential oils and plant extracts in animal farming is the absence of consistent standards and regulations. These natural products can vary in quality and strength, and there's often uncertainty about how much to use and how to administer them properly. This inconsistency makes it challenging for farmers to incorporate these products into their animals' diets effectively. The lack of standardization also means that the effectiveness of these products may vary, making it hard for farmers to predict how they'll affect their animals' health and performance. Additionally, without clear regulations on using these natural products, farmers may feel unsure about how to use them correctly, leading to confusion and doubts about their benefits.

Market Trends of the Global Essential Oils & Plant Extract for Livestock Market

Phytogenics, feed additives made from plants, are becoming more popular in the livestock industry because of their potential health benefits and performance-boosting properties. These natural compounds, like essential oils, herbs, and spices, are being used more to improve how efficiently animals eat, lower stress, and make animals overall healthier. This increase in use is due to people wanting more natural and sustainable animal products and trying to find alternatives to using antibiotics in animal farming. Because of this, many companies that make animal feed and supplements are focusing on creating and selling phytogenic feed additives, and experts think this market will keep growing in the future. Also, scientists are still studying and making new types of phytogenics to use in animal nutrition.