Why Essential Oils & Plant Extracts for Livestock has been a bust

Posted by Mrudula Anil Karmarkar on April 8th, 2021

The global essential oils & plant extracts for livestock market size is expected to reach USD 3.31 billion by 2025 at a 6.4% CAGR over the forecast period, according to a new report by Grand View Research, Inc. Growing concerns regarding livestock health and nutrition are expected to be a key factor driving demand for essential oils and plant extracts in livestock feed additives.

Restrictions on manufacturing activities due to the advent of the COVID-19 pandemic shall cause a slump in the supply of feed, as well as its additives. The current stagnation in supply is, in turn, detrimental against the backdrop of ever-increasing demand for essential food products such as dairy and meat. The report will account for Covid19 as a key market contributor.

Essential oils are volatile organic compounds (VOC) with a delicate balance of beneficial vitamins, minerals, and other components. Immunomodulation potential of various essential oils, along with their anti-inflammatory properties, are expected to drive their demand in the livestock sector over the forecast period.

Botanical extracts and herbs are gaining preference as animal feed additives owing to a reduction in the use of antibiotic growth promoters and ban on dietary antimicrobial agents. Plant extracts and phytochemicals influence food consumption patterns, total feed intake, and secretion of digestive fluids and enzymes.

Various benefits and properties of essential oils and plant extracts, including improvement of gut health, boosting immunity, and increasing yield, are expected to drive the market over the forecast period. Apart from these benefits, essential oils and plant extracts are used to support animal health by providing nutrition and organic minerals and improving protein breakdown to increase muscle density in ruminants, poultry, and swine.

Further key findings from the report suggest:

• The global essential oil & plant extract market is anticipated to reach USD 3.31 billion by 2025, at a CAGR of 6.4% from 2018 to 2025
• By product, the plant extract segment is projected to expand at a CAGR of 6.4% over the forecast period
• On the basis of form, the solid segment dominated the global market with a share of more than 61.0% in 2017
• Asia Pacific is projected to exhibit a notable CAGR of 6.8% over the coming years, owing to the growing demand for meat
• Some of the key players in the market are Manghebati SAS, Olmix S.A., Trouw Nutrition, and Danisco (DuPont Danisco Animal Nutrition), Orffa, Herbavita, Kemin Industries, and Herbarium Laboratories.

Furthermore, technological breakthroughs, along with the invention of new formulation recipes, are anticipated to bolster demand in the coming years. Increasing adoption of supplementation programs and the need to maximize net returns by using available roughages inefficient manner are likely to increase demand for liquid supplements in ruminants.

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.

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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 costs.

Moreover, in recent years, there has been a significant rise in partnerships among industry participants to enhance the 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.

Grand View Research has segmented the global essential oils & plant extracts for livestock market on the basis of product, form, function, livestock, application: 

Essential Oils & Plant Extracts for Livestock Product Outlook (Revenue, USD Million, 2014 - 2025)

• Essential Oil
• Plant Extract

Essential Oils & Plant Extracts for Livestock Form Outlook (Revenue, USD Million, 2014 - 2025)

• Liquid
• Solid

Essential Oils & Plant Extracts for Livestock Function Outlook (Revenue, USD Million, 2014 - 2025)

• Gut Health
• Immunity
• Yield

Essential Oils & Plant Extracts for Livestock Outlook (Revenue, USD Million, 2014 - 2025)

• Cattle Feed

o    Dairy

o    Meat

• Poultry Feed
• Swine Feed
• Aquatic Feed

Essential Oils & Plant Extracts for Livestock Application Outlook (Revenue, USD Million, 2014 - 2025)

• Aromatherapy
• Phytotherapy

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com