Essential Oils and Plant Extracts for Livestock Market Scope
Both essential oils and plant extracts are two different things, they are extracted from different parts of the plant. The main difference between essential oils and plant extracts is the process of extraction. Essential oils are collected from the aromatic parts of flowers, leaves, fruit, and roots and extracted through the process of distillation. While plant extracts are soaked in a liquid to isolate the flavor, plants go through a straining process, where the collected substance becomes concentrated. Further, essential oils are pure and highly concentrated, whereas extracts are in diluted form. They improve efficiency and promote better milk performance with more CLA and milk. It also helps to improve meat quality (such as quality and texture). Further, they are used to address immunity, gut health, and the yield of livestock.
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|Key Companies Profiled||Kemin Industries, Inc. (United States), IDENA SAS (France), Cargill (United Stares), Novus International, Inc. (United States), DuPont de Nemours Inc. (United States), Olmix S.A. (France), Herbavita (Belgium), Trouw Nutrition Hifeed BV (Netherlands), CCPA GROUP (France), Phytosynthese (France), Delacon Biotechnik GmbH (Austria) and Marubeni (Orffa International Holding B.V.) (Netherlands)|
Essential Oils and Plant Extracts for Livestock Market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain a high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve meat quality, enhance and promotes better milk performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Essential Oils and Plant Extracts for Livestock market throughout the predicted period.
Kemin Industries, Inc. (United States), IDENA SAS (France), Cargill (United Stares), Novus International, Inc. (United States), DuPont de Nemours Inc. (United States), Olmix S.A. (France), Herbavita (Belgium), Trouw Nutrition Hifeed BV (Netherlands), CCPA GROUP (France), Phytosynthese (France), Delacon Biotechnik GmbH (Austria) and Marubeni (Orffa International Holding B.V.) (Netherlands) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Essential Oils and Plant Extracts for Livestock market by Type , by Application (Aromatherapy and Phytotherapy) and Region with country level break-up.
On the basis of geography, the market of Essential Oils and Plant Extracts for Livestock has been segmented into . region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn April 2021 Kemin Industries acquired Proteus Industries, Inc. This acquisition aimed to add sustainable clean label yield enhancement technology to the global Kemin Food Technologies portfolio of ingredient solutions, further strengthening the market presence and product portfolio of the company.
In June 2022 Cargill and Delacon announced a partnership to create a leading plant-based phytogenic feed additives business for healthier animal nutrition. The partnership aimed to support feed customers due to increasing consumer preferences for natural food production and consumption of animal-based products, thus leveraging the global presence.
Influencing Trend:Benefits Related to Essential Oils and Plant Extracts such as Feed Efficiency, and the Fat Content in Milk are contributing the Market Growth and Growing Popularity of Essential Oils in the Animal Field and Health
Market Growth Drivers:Increasing Consumption of Pork and Poultry and Increasing Prevalence of Metabolic Disorders and Health Problems
Challenges:Availability of various alternatives in the market
Restraints:Side Effects related to Essential Oils and Plant Extracts and High Cost of Essential Oils and Plant Extracts
Opportunities:Growing awareness about poultry healthcare diseases
Key Target AudienceEssential Oils and Plant Extracts for Livestock Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries