Global essential oils & plant extracts for livestock market is set to witness a substantial CAGR of 6.57% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017.
Key Market Competitors:
Few of the major competitors currently working in the global essential oils & plant extracts for livestock market are Manghebati, INDIAN HERBS SPECIALITIES PVT LTD, Orffa, Herbavita, Herbarom, Olmix Group, Phytosynthese, DSM, Kemin Industries, Inc., DuPont de Nemours, Inc., Biolandes, Joh. Vögele KG, DELACON Biotechnik GmbH, BENEO GmbH, Plant Extracts International Inc., Eden Botanicals among others.
Essential oil or volatile oil is usually derived from the natural substances and are widely used in flavourings and perfumes. They usually have the odor of the plant from which they are actually derived. Plant extract is substances that is usually removed from the tissue of the plant and are used for functions such as processing aids, additives, foodstuffs and others. Essential oil and plant extracts are very important for health of the animals as they improve the quality of feed due to which the product obtained from these animals are also improved. They are widely used for the application such as aromatherapy and phythotherapy.
Global essential oils & plant extracts for livestock market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of essential oils & plant extracts for livestock market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Essential Oils and Plant Extracts for Livestock Market
- By Product (Essential Oil, Plant Extract)
- By Form (Liquid, Solid)
- By Function (Gut Health, Immunity, Yield)
- By Livestock (Cattle Feed, Poultry Feed, Swine Feed, Aquatic Feed)
- By Application (Aromatherapy, Phytotherapy)
- By Function (Gut Health, Immunity, Yield, Other Function)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
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- Rising livestock share in agricultural output will drive the market growth
- Favourable rules and regulatory scenario will also propel the growth of this market
- Increasing disposable income can contribute as a factor for this market growth
- Growing demand for animal by products will also accelerate the growth of this market
- Unavailability of sufficient raw material will restrict the growth of this market
- Volatility in the price of the plant extracts can also hamper the market growth
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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