Essential Oils & Plant Extracts for Livestock Market Report, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Essential Oils & Plant Extracts for Livestock Market


The global essential oils & plant extracts for livestock market size was estimated at USD 2.02 billion in 2017. Growing global concerns regarding animal health and nutrition is expected to be a key factor driving demand for these products in animal feed additives over the next few years.
Essential oils and plant extracts are being increasingly used as an important animal feed ingredient as they help improve the quality of feed, which will thereby have a positive impact on the overall health and performance of animals.This, in turn, helps enhance the quality of food products obtained from these animals.
Plant extracts mainly consist of proteins, oligosaccharides, peptides, fatty acids, micro minerals, and vitamins. They typically belong to the classes of isoprene derivatives and flavonoids. Plant extracts such as clover, cinnamon, and capsicum benefit animals by improving feed conversion rates and average daily gain. Moreover, feeding natural extracts to cows is known to reduce dairy farm odor and overall feed costs.
 
Favorable regulatory scenario, such as banning use of antibiotics in Europe and U.S., is expected to open new avenues for replacement products such as enzymes, acidifiers, amino acids, and herbal or natural extracts as growth promoters. This shift in trend toward use of antibiotic alternatives is expected to benefit the market. 
Growing meat consumption, on account of factors such as rising population and increasing disposable income, is expected to contribute positively toward market growth. Furthermore, outbreak of various diseases, such as swine flu and foot-and-mouth diseases, in livestock animals over the past decade have increased concerns over meat quality and safety, thereby promoting the use of natural feed additives.
These natural products help in providing different benefits such as increased immunity, better gut health, and increased yield. Several industry participants are using these products to obtain high yield and improve animal performance. Increasing demand for animal by-products, coupled with technological advancements in animal healthcare, is also expected to drive the market over the forecast period. Favorable regulations for animal nutrition are also anticipated to fuel this demand.

Market Segmentation, Outlook & Viewpoint: Global Essential Oils & Plant Extracts for Livestock Market


Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Essential Oil

Plant Extract


Form Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Liquid

Solid


Function Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Gut Health

Immunity

Yield


Livestock Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Cattle Feed

Dairy

Meat


Poultry Feed

Swine Feed

Aquatic Feed


Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Aromatherapy

Phytotherapy


Key Players, Recent Developments & Regional Insights: Global Essential Oils & Plant Extracts for Livestock Market


On the basis of product, the market has been segmented into essential oils and plant extracts. In 2017, plant extracts emerged as the largest and fastest segment, accounting for a share of approximately 78.0%. These include essential oils and natural extracts, spices, flavors and fragrances, phytochemicals, and others.
Plants are rich in phytochemicals, which enable them to resist attacks by microorganisms and insects. These ‘secondary compounds’ are known to have potential growth-promoting effects on livestock and are increasingly replacing antibiotic growth promoters in livestock.
Essential oils are also obtained from plants and are mostly used for therapeutic purposes. Aromatherapy is the most common way of using essential oils to treat farm animals. However, as essential oils have far more prominent aroma than extracts, they can have adverse effects on animals, and must always be used in prescribed proportions. Usually, a blend of a variety of plant extracts and essential oils are used as feed additives to improve performance in farm animals. The proportions of these blends depend on the purpose or final use.
Form Insights
Liquid and solid are the two forms in which essential oils and plant extracts can be used. In 2017, the solid form emerged as the largest segment and accounted for a market share of over 61.0%. The segment is expected to register a CAGR of 6.5% over the forecast period.
Preference for solid animal feed and development of advanced solid plant extract-based products with enhanced carrier capacity are factors benefitting segment growth. Solid animal feed supplements composed of minerals and multivitamin ingredients, along with amino acids, plant extracts, and essential oils, have greater demand owing to high digestibility in farm animals.
Advancements in feeding systems and introduction of innovative on-site feed formulation tools are projected to improve the applicability of essential oils and plant extracts in liquid as well as solid forms of feed supplements.
Function Insights
Based on function, the essential oils & plant extracts for livestock market has been segmented into gut health, immunity, yield, and others. Gut health emerged as the largest segment in 2017 and is expected to exhibit a CAGR of 6.6% during the forecast period. The segment is expected to continue its dominance over the forecast period, accounting for a 36.73% market share by 2025. Optimal gut health in animals is of vital importance for improving functionality and ensuring sustainable livestock production.
Essential oils and plant extracts act as effective disinfectants, immunity boosters, and performance improvers. Improvement in gut microbiota plays a vital role in combating various microorganisms by maintaining intestinal mucosa.
In 2017, immunity emerged as the second-largest segment and is expected to progress at a CAGR of 6.1% over the forecast period. Livestock producers suffer severe losses due to recurring outbreak of various animal diseases. To curb these, producers use essential oils to increase immunity of animals.
Essential oils and plant extracts are used in animal feed owing to added benefits such as increasing digestive enzyme production, improving meat characteristics, reduction of pH levels, and prevention of weight reduction during lactation.
Application Insights
Phytotherapy is the fastest growing application segment and is expected to exhibt a CAGR of 6.6% over the forecast period. Phytotherapy is widely used for treatment and prevention of chronic ailments and illnesses in farm animals. It can be used to treat ailments such as reduced appetite, diarrhea, intestinal worms, lice and mice infestation, and wounds.
 
The aromatherapy segment is expected to propel at a CAGR of 6.0% over the forecast period. However, over sensitivity among animals is restricting the use of aromatherapy. Other applications for essential oils and plants extracts in this market include prevention from pests, flies, fleas, and ticks, prevention from fungal infections and allergies, massage, spa and relaxation for animals, and pet care.
Livestock Insights
Based on livestock, the market is segmented into cattle, poultry, swine, aquatic, and others. The poultry feed segment accounted for 37.03% of the market revenue in 2017, thereby emerging as the largest and fastest livestock segment. Frequent outbreak of avian influenza has led to the execution of strict regulations, enhancing demand for feed additives. The global poultry meat production is anticipated to increase at a fast rate, which is, in turn, expected to boost demand for essential oils and plant extracts in this segment.
Increasing demand for superior quality meat products, especially poultry and swine meat, along with rising trend of reducing use of antibiotics in animal feed, is expected to drive the market over the forecast period. The swine feed segment is expected to register a CAGR of 6.4% from 2018 to 2025.

Regional Insights
Asia Pacific emerged as the leading regional market and accounted for a revenue-based share of 32.5% in 2017. Product demand in the region is likely to remain high in the coming years owing to strong economic prospects of developing countries.
China leads the global meat market; it is the largest producer as well as consumer of meat in the world. Strong economic growth supports rapid urbanization in the country. Japan and India are also in line with China as far as demand for high-quality animal by-products is concerned, thus resulting in use of more feed supplements.
The Asia Pacific market was followed by North America, which accounted for around 27.0% of the total revenue in 2017. U.S. is a major growth contributor. Growing population, coupled with high disposable income of consumers, has resulted in a strong demand for meat products, which is anticipated to trigger regional market growth in the coming years.
A recent trend noted among major feed additives manufacturers is their shift in production bases to developing countries such as China, India, Brazil, and Russia. This is likely to have a positive impact on the overall market.
Essential Oils & Plant Extracts for Livestock Market Share Insights
The market is highly competitive with many players catering to the rising need. Industry participants are developing new products to target specific end-use requirements. Manufacturers and suppliers are engaged in collaborative research and development of innovative products at lower input cost.
Moreover, in recent years, there has been a significant rise in partnerships among industry participants to enhance brand portfolio, gain access to regional markets, and avail appropriate benefits. Major market participants such as Manghebati SAS, Olmix S.A., Trouw Nutrition, and Danisco (DuPont Danisco Animal Nutrition) have been actively entering into partnerships with end users and expanding their product portfolios. The other notable players include Orffa, Herbavita, Kemin Industries, and Herbarium Laboratories.

Key Insights Covered: Global Essential Oils & Plant Extracts for Livestock Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Essential Oils & Plant Extracts for Livestock industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Essential Oils & Plant Extracts for Livestock industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Essential Oils & Plant Extracts for Livestock industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Essential Oils & Plant Extracts for Livestock industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Essential Oils & Plant Extracts for Livestock industry.

Research Methodology: Global Essential Oils & Plant Extracts for Livestock Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
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