Essential Oils In Animal Nutrition Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Essential Oils In Animal Nutrition Market Analysis
The essential oils in animal nutrition market are projected to register a CAGR of 7.3% during the forecast period.
Consistent high-quality animal products are required to maintain consumer confidence and increased feed consumption. Enrichment of animal feed with bioactive compounds, such as essential oils, appears to improve the quality characteristics of the derived products and protect consumers against oxidation and bacterial spoilage effects. This factor is fueling the growth of essential oils in the animal nutrition market. Additionally, the restriction and the ban (for example, the European Union) on the use of antibiotics in several countries have prompted scientists and the feed industry to search for alternative products, like essential oils.
Due to their favorable effects on growth performance, intestinal microbiota, and welfare, essential oils have drawn interest as prospective replacements for antibiotics in animal diets recently. Aromatic herbs and essential oils are often claimed to improve the flavor and palatability of feed, thus, increasing voluntary feed intake and resulting in improved weight gain. These essential oils are suggested for use in animal feed, and the increase in the rearing of various animals due to the rise in demand for meat has been fuelling the growth of the market studied. According to the UN Comtrade data, EUR 1.7 billion worth of fresh, chilled, or frozen pork was imported into Italy in 2021.
Essential Oils In Animal Nutrition Market Trends
Increasing Usage of Phytogenic Feed Additives
Phytogenic feed additives (PFA) have antimicrobial, anti-viral, and anti-oxidant properties resulting in reduced pathogenic bacteria and a well-balanced gut microflora as well as improving feed efficiency, which is a perennial concern in the livestock industry. Phytogenic feed additive (PFA) inclusion in livestock feed is expected to help the market grow considerably. The rise in demand for poultry products among consumers and the increasing emphasis on improving poultry health are expected to catapult the market for phytogenic feed additives.
Additionally, the rising fortification of photogenic in bovine feed, on account of adding flavor and inducing high feed intake for growth and reproductive performance, is expected to have a positive impact on the market. As per the USDA Foreign Agricultural Service, about 72 thousand metric tons of broiler meat were imported into the United States in 2021, and by the end of 2022, the number rose to 83 thousand metric tons. The expansion of the poultry market has been fuelling the demand for Phytogenic feed additives across the globe.
Essential oil is a major component of feed Phytogenic additives. Hence, an increase in the use of these products is likely to drive market growth for essential oils as well. The growth of essential oils is attributed to the broad health benefits provided by them to animals.
Europe Dominates the Global Essential Oils In Animal Nutrition Market
Europe dominates the global essential oils in animal nutrition market in terms of revenue share, which is followed by Asia-Pacific and North America. Spain is one of the most prominent animal feed manufacturers across the European region, and it is expected to be a major factor driving the use of essential oils in the feed. Spain has been completely dominant in terms of the largest quantity of animal food production. For instance, according to the Spanish Federation of Food and Beverage Industries, the sales value of the Spanish animal food industry rose from EUR 12,698 million in 2017 to EUR 14,889 million in 2021. The European demand for essential oils is ever-increasing. Furthermore, the competition from the natural ingredients manufactured majorly by developing countries is getting intensified.
The manufacturers of animal feed in the rest of the European region are constantly looking for continuity of supply, stability in the prices and quality, and detailed product documentation. Additionally, Germany has been witnessing an increase in the human population, which has surged the demand for chicken, beef, and other meat products. This has alarmed the need for a healthy growth process of livestock, along with an increase in the usage of essential oil in the country.
Essential Oils In Animal Nutrition Industry Overview
The market for essential oils in animal nutrition is fragmented in nature, with various players operating in the market globally and domestically. The players are mostly focused on expanding into new regions with their products to gain more market share. The companies also use other strategies like innovations and partnerships to establish a stronghold in the market. Some of the major players in the market include Cargill Incorporated, International Flavors & Fragrances, Koninklijke DSM NV, Delacon Biotechnik GmbH, and Ropapharm International BV. The companies in the market have also been using mergers and acquisitions to strengthen their portfolio in the market studied.
Essential Oils In Animal Nutrition Market Leaders
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Cargill Incorporated
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Delacon Biotechnik GmbH
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Ropapharm International BV
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International Flavors & Fragrances
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Koninklijke DSM N.V.
*Disclaimer: Major Players sorted in no particular order
Essential Oils In Animal Nutrition Market News
- September 2022: ADM company opened its first science and technology center in China. This center was opened for technology, innovation, and product development in the nutrition and health industry.
- November 2021: IFF Invested USD 87 Million in a new facility in Indonesia to support growth in Greater Asia. The newly extended flavors manufacturing facility is located in Karawang International Industrial City. Full manufacturing capabilities, including those for liquid compounds, powder, emulsions, spray dry technology, warehousing, and quality control, are available at IFF's manufacturing facility in Greater Asia's Karawang.
- February 2021: IFF acquired DuPont's Nutrition & Biosciences business. The company decided to operate DuPont's biosciences business under IFF's symbol.
Essential Oils In Animal Nutrition Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Lemon
- 5.1.2 Orange
- 5.1.3 Eucalyptus
- 5.1.4 Peppermint
- 5.1.5 Oregano
- 5.1.6 Cinnamaldehyde
- 5.1.7 Thyme
- 5.1.8 Garlic
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5.2 Livestock
- 5.2.1 Poultry
- 5.2.2 Ruminant
- 5.2.3 Swine
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5.3 Functionality
- 5.3.1 Palatability Enhancer
- 5.3.2 Performance Enhancer
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Russia
- 5.4.2.6 Spain
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Australia
- 5.4.3.4 Japan
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East and Africa
- 5.4.5.1 United Arab Emirates
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Strategies Adopted by Leading Players
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 International Flavors & Fragrances
- 6.3.2 Cargill Incorporated
- 6.3.3 Delacon Biotechnik GmbH
- 6.3.4 Bordas Chinchurreta Distillations
- 6.3.5 Food Base KFT
- 6.3.6 Zhejiang Yaofi Bio-tech Co. Ltd
- 6.3.7 Devenish Nutrition Limited
- 6.3.8 Koninklijke DSM NV
- 6.3.9 The Archer-Daniels-Midland Company
- 6.3.10 BASF SE
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityEssential Oils In Animal Nutrition Industry Segmentation
Essential oils are fragrant liquids extracted under pressure or with steam from particular plants. Essential oils in animal nutrition market are segmented on the basis of type, livestock, functionality, and geography. By type, the market is segmented as lemon, orange, eucalyptus, peppermint, oregano, cinnamaldehyde, thyme, and garlic. By livestock, the market is segmented into poultry, ruminant, and swine. By functionality, the market is segmented into palatability enhancers and performance enhancers. The report also provides an analysis of the emerging and established geographical regions, by covering regions, such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Type | Lemon | |
| Orange | ||
| Eucalyptus | ||
| Peppermint | ||
| Oregano | ||
| Cinnamaldehyde | ||
| Thyme | ||
| Garlic | ||
| Livestock | Poultry | |
| Ruminant | ||
| Swine | ||
| Functionality | Palatability Enhancer | |
| Performance Enhancer | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Russia | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Australia | ||
| Japan | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| South Africa | ||
| Rest of Middle East and Africa |
Essential Oils In Animal Nutrition Market Research FAQs
What is the current Essential Oils In Animal Nutrition Market size?
The Essential Oils In Animal Nutrition Market is projected to register a CAGR of 7.30% during the forecast period (2024-2029)
Who are the key players in Essential Oils In Animal Nutrition Market?
Cargill Incorporated, Delacon Biotechnik GmbH, Ropapharm International BV, International Flavors & Fragrances and Koninklijke DSM N.V. are the major companies operating in the Essential Oils In Animal Nutrition Market.
Which is the fastest growing region in Essential Oils In Animal Nutrition Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Essential Oils In Animal Nutrition Market?
In 2024, the Europe accounts for the largest market share in Essential Oils In Animal Nutrition Market.
What years does this Essential Oils In Animal Nutrition Market cover?
The report covers the Essential Oils In Animal Nutrition Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Essential Oils In Animal Nutrition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Essential Oils In Animal Nutrition Industry Report
Statistics for the 2024 Essential Oils In Animal Nutrition market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Essential Oils In Animal Nutrition analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
