Market Overview
The global Essential Oils for Livestock market is expected to exhibit a solid 5.39% CAGR over the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR). The global Essential Oils for Livestock market is expected to rise to a revenue valuation of USD 4.4 Billion by 2027. The global Essential Oils for Livestock market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the Essential Oils for Livestock market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the Essential Oils for Livestock market’s growth trajectory over the forecast period are provided in the report. The leading players in the global Essential Oils for Livestock market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global Essential Oils for Livestock market. The major drivers and restraints affecting the global Essential Oils for Livestock market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
The Essential Oils for Livestock market is mainly driven by the growing restrictions on the use of antibiotics in animal feed. North American and European countries have largely banned the use of antibiotics in animal feed due to concerns about their impact on the end consumer. This has resulted in a growing demand for alternatives that can do the job of keeping the microbial pathogens at bay. Essential oils and plant extracts have grown in popularity due to this. The rising demand for livestock products such as milk, eggs, and wool is likely to be a major driver for the global Essential Oils for Livestock market over the forecast period, as this is likely to lead to a growing demand for animal feed enriched with essential oils and plant extracts. The transformation of the animal products industry from an unorganized industry into an organized one is also likely to remain a major driver for the global Essential Oils for Livestock market over the forecast period.
Competitive Leaderboard:
Leading players in the global Essential Oils for Livestock market include Manghebati, Olmix Group, Trouw Nutrition BV, DuPont de Nemours Inc., Orffa, Herbavita, Kemin Industries Inc., CCPA Group, Foreverest Resources Ltd., Martin Bauer Group, Provimi North America Inc., Destilaciones Bordas Chinchurreta SA, BIOMIN Holding GmbH, and Delacon Biotechnik GmbH.
Segmentation:
The global Essential Oils for Livestock market is segmented on the basis of type, form, livestock type, and region.
By type, the global Essential Oils for Livestock market is segmented into essential oils and plant extracts. The essential oils segment holds a dominant share in the global Essential Oils for Livestock market and is likely to remain an important component of the Essential Oils for Livestock market over the forecast period. The plant extracts segment is also likely to grow at a strong growth rate over the forecast period.
By form, the global Essential Oils for Livestock market is segmented into solid/powder and liquid.
By livestock, the global Essential Oils for Livestock market is segmented into swine, poultry, ruminants, aquaculture, and others.
Regional Analysis:
Asia Pacific is likely to dominate the global essential oil trade magazine over the forecast period, due to the growing animal products industry in countries such as China and India.
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