Essential Oils in Animal Nutrition Market with Growing CAGR of 8.4% During Forecast Period 2022 to 2029| Top Players: Cargill Incorporated, ADM, Dupont, Evonik

Market Definition

Essential oil is a concentrated hydrophobic liquid that contains volatile aroma compounds extracted from plants. Essential oils, also known as ethereal oils, can be used in food flavoring and feed production; lemon and peppermint's most well-known aromatics. For centuries, they have been used for their therapeutic properties to help with health issues such as insomnia, stress, anxiety-related digestive disorders such as irritable bowel syndrome (IBS), and even constipation.

Data Bridge Market Research analyses that the essential oils in the animal nutrition market were valued at USD 0.47 billion in 2020 and are expected to reach the value of USD 0.90 billion by 2029, at a CAGR of 8.4% during the forecast period of 2022-2029.

Consistent high-quality animal products are required to maintain consumer confidence and increase feed consumption. Enriching animal feed with bioactive compounds, such as essential oils, appears to improve the derived products' quality characteristics and protect consumers from the effects of oxidation and bacterial spoilage.

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The top-notch Essential Oils in Animal Nutrition market report contains market research analysis that helps the management of a firm in planning by providing accurate and up-to-date information about the consumer's demands, their changing tastes, attitudes, preferences, buying intentions, etc. It endows with all the guidelines for the planning of advertising and sales promotion efforts. This credible report also includes an across-the-board evaluation of the market's growth prospects and restrictions. With the data and insights covered in this business report, the marketing of goods can be made efficient and economical which leads to the elimination of all types of wastage. A worldwide Essential Oils in Animal Nutrition market survey report is an indispensable model to have increments in business activities, qualitative work done, and enhanced profits.

Essential Oils in Animal Nutrition Market Dynamics

Drivers

Rising adoption of plant-based feed additives

PFA has antimicrobial, antiviral, and antioxidant properties, resulting in less pathogenic bacteria and more balanced gut microflora, and improved feed efficiency, which is a serious concern in the livestock industry. The inclusion of phytogenic feed additives (PFAs) in livestock feed is expected to significantly boost the market growth. The increased consumer demands for poultry products as well as the increased emphasis on improving poultry health are expected to drive the market for phytogenic feed additives. Furthermore, the increasing fortification of photogenic in bovine feed to add flavor and induce high feed intake for growth and reproductive performance is expected to benefit the market.

Benefits and properties offered by the usage of essential oils

Over the forecast period, the market is expected to be driven by the various benefits and properties of essential oils, such as improved gut health, increased immunity, and increased yield. Aside from these advantages, essential oils and plant extracts are used to benefit animal health by providing nutrition and organic minerals and improving protein breakdown to increase muscle density in ruminants, poultry, and swine.

Furthermore, technological advancements and the development of new formulation recipes are expected to boost demand in the coming years. Increased supplementation program adoption and the need to maximize net returns by using available roughages inefficiently are likely to drive up demand for liquid supplements in ruminants.

Opportunity

The rise in favorable rules and regulatory scenarios is the major driver of escalating market growth; also, an increase in population, an increase in disposable income, and a rise in demand for animal by-products are the major factors driving the essential oils in animal nutrition market growth. Furthermore, an increase in market research and development activities and technological advancements, and modernization in production techniques will create new opportunities for essential oils in animal nutrition market manufacturers during the forecast period.

Some of the major players operating in the essential oils in the animal nutrition market are:
Cargill Incorporated (US)
ADM (US)
Dupont (US)
Evonik (Germany)
BASF SE (Germany)
DSM (Netherlands)
Ajinomoto Co., Inc. (Japan)
Novozymes (Denmark)
Chr. Hansen Holding A/S (Denmark)
TEGASA (Spain)
Nutreco (Netherlands)
Kemin Industries Inc. (US)
Adisseo (France)
Alltech (US)
Palital Feed Additives B.V. (Netherlands)
Global Nutrition International (France)
Centafarm SRL (Italy)
Bentoli (US)
NUQO Feed Additives (France)
Novus International (US)

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Global Essential Oils in Animal Nutrition Market Scope

The essential oils in animal nutrition market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type
Lemon
Orange
Garlic
Peppermint
Eucalyptus
Oregano
Thyme
Cinna aldehyde
Other

Application
Poultry
Swine
Ruminant
Other

Global Essential Oils in Animal Nutrition Market by Region:
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Asia-Pacific
Japan
China
India
Korea
Southeast Asia
South America
Brazil
Peru
Middle East and Africa
UAE
South Africa
Saudi Arabia

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