Essential Oils & Plant Extracts for Livestock Market is Estimated to Register 6.4% CAGR till 2025
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.
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.
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.
Request a sample copy or view summary of this report@ https://www.grandviewresearch.com/industry-analysis/essential-oils-plant-extracts-for-livestock-market
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.
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Comments
Post a Comment