(+1) 614-588-8538 Essential Oils & Plant Extracts for Livestock Market Estimated to Grow at a CAGR of 6.8% During the oultry Feed Segment Held the Largest Market Share in the Year 2019 Owing to the Rising Chicken Consumption Along With the Growing Demand of Poultry Food Is Anticipated to Trigger the Segment Growth.
BriefingWire.com, 12/31/2020 - 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 animalsâ health and performance. Rising concern about animal health and nutrient is c