Essential Oils & Plant Extracts For Livestock Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025
Essential Oils & Plant Extracts for Livestock Market size is estimated to be $2.47 billion in 2019, growing at a CAGR of 6.8% during the forecast period 2020-2025. Essential oils are compounds extracted from plants and a major source of phytogenic feed additives (PFA), considered to be cost effective and a safe alternative to antibiotics in animal diets. In addition, the application of Essential oils has resulted in an improvement in the durability of raw feed materials and in the range of positive effects on domestic animals’ health and performance. Rising concern about animal health and nutrient is considered as a key factor driving its market in the upcoming years. Increase in the consumption of dairy products such as milk, yoghurt, cream, butter and cheese are anticipated to drive the Essential Oils & Plant Extracts for Livestock market in the future. Furthermore, the shift of consumers towards non-vegetarian products as compared to vegetarian food is propelled to increase...