“Essential Oils and Plant Extracts for Livestock Market to grow at a lucrative rate over the forecast period”, says Visiongain

31 October 2019
Food and Drink

Visiongain has launched a new Consumer Goods report Essential Oils and Plant Extracts for Livestock Market Report 2019-2029 Forecasts by Product (Essential Oil, Plant Extract), by Form (Liquid, Solid), by Function (Gut Health, Immunity, Yield), by Livestock (Swine, Poultry, Ruminants, Aquaculture, Others), by Application (Aromatherapy, Phytotherapy) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis. 

The global essential oils and plant extracts for livestock market is expected to grow at a lucrative rate during the forecast period. Some of the key factors driving the market include the increasing use of oil and plant extracts as animal feed driven by their benefits, favourable regulatory scenario, growing meat consumption, and health benefits associated with these products. However, the concerns associated with unavailability of enough raw materials and uncertainty regarding prices may pose as market restraints. The essential oils and plant extracts for livestock market can be segmented based on product, form, application, and region.

Factors such as increasing demand for meat substitutes, growing livestock share in agriculture, favourable regulatory scenario, and rising consumer awareness are expected to fuel the market growth. Furthermore, the rise of different infections such as swine influenza and foot-and-mouth disease over the previous decade have raised concerns over meat quality and security. This has indirectly driven the uptake and utilization of feed added substances.

By product, plant extracts segment is anticipated to contribute the largest share of revenue. The large size of the segment can be attributed to high demand of usage of products such as essential oils, flavours and fragrances, spices, phytochemicals, and others. Herbs and botanical extracts are also gaining inclination as animal feed additives driven by ban on dietary antimicrobial agents and a decline in the use of antibiotic growth promoters. Several challenges for the market include lack of skilled and trained personnel and uncertainty regarding price of raw materials. Asia Pacific led the market in 2018 and is expected to continue to dominate during the forecast period. China is the world’s largest producer and consumer of meat driven by a high population base. Factors such as growing population, high demand, rising disposable income, and growing awareness among consumers are contributing to the large share of the region.

The global essential oils and plant extracts for livestock market is highly competitive with many players entering the market in order to cater to the growing consumer demand. Some of the players such as Manghebati SAS, Olmix S.A., Trouw Nutrition, Danisco (DuPont de Nemours, Inc.), and Biolandes are currently dominating the market. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. For instance, in April 2019, Botanic Health launched a novel organic essential oil which aims at improving mind health. Some of the other companies operating in the market include Joh. Vogele KG, Delacon Biotechnik GmbH, Beneo GmbH, and Plant Extracts International, Inc. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

 

Recent News

Visiongain publishes Confectionery Market Report 2020-2030

Rising consumer awareness towards the healthy lifestyle coupled with the increasing demand for nutritious foods. The population have become more conscious about the perfect percentage of sugar intake in their daily life. These factors are expected to drive the demand for low sugar confectionery products.

26 June 2020

Read

Visiongain publishes Food Flavour Enhancer Market Report 2020-2030

The food and beverage industry has undergone several stages of transformation in the past three years, driven by emerging brands and omni channel influence on changing consumer shopping habits.

31 May 2020

Read

Visiongain assesses that the functional foods market will generate revenues of $84.8bn in 2020

The new report from business intelligence provider Visiongain offers an updated outlook for the global functional foods market and growing “superfood” trend.

23 January 2020

Read

“Food High Pressure Processing (HPP) Equipment market set to grow to 300mn by 2024” says new Visiongain report

A fast development of HPP technologies will drive the growth of the market in the next ten years.

08 January 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever