Press release
Essential Oils in Animal Nutrition Market is Rising Exponentially at Rate of 8.4% During the Anticipated Period| Top Manufacturers: Cargill Incorporated (US), ADM (US), Dupont (US), Evonik (Germany)
Market DefinitionEssential 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 flavouring 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 animal nutrition market was valued at USD 0.47 billion in 2020 and is 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.
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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.
The increase in market value is credited to the rising growth of the applicable industries and the consequent rise in demand of applications. An international Essential Oils in Animal Nutrition market report also investigates and discusses significant industry trends, estimations of market size, and market share. Moreover, the report considers various inhibitors and motivators of the market in both quantitative and qualitative method so that users get correct information. The business report showcases wide-ranging and comprehensive market insights that are based on business intelligence. The winning Essential Oils in Animal Nutrition market research report acts as a great solution to have top-quality market data that suits best to the business needs.
Competitive Landscape and Essential Oils in Animal Nutrition Market Share Analysis
The essential oils in animal nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to essential oils in animal nutrition market.
Some of the major players operating in the essential oils in 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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COVID-19 Impact on Essential Oils in Animal Nutrition Market
During the COVID-19 scenario, agriculture and food production have been highlighted as crucial areas. As a result, farmers have maintained to provide high-quality nourishment to farm animals in order to feed a growing number of worldwide consumers. However, the supply chain disruption has become the most significant factor affecting the essential oils in the animal nutrition market. Asia-Pacific is a major producer and exporter of animal feed micronutrients, and it stockpiled significant amounts of product during the emergence of the COVID-19 situation while businesses were closed, which was enough for 2-3 months' supply. Furthermore, logistics issues have hampered the supply of containers and vessels and the transport of certain plant extracts.
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 meagre 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
Essential Oils in Animal Nutrition Market Regional Analysis/Insights
The essential oils in animal nutrition market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the essential oils in animal nutrition market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Despite the fact that China is the origin of Jiaozuo and the largest country for frozen dumpling production, Korea, Japan, and Taiwan are well-established, and Europe, America, Africa, and the Middle East have enormous potential. Despite the fact that numerous huge brands and organisations entered the market early and obtained a large portion of the overall industry in China, numerous new and upcoming little undertakings and brands are centred on specialties with more legitimate and handcrafted items.
Frequently Asked Questions:
What is the current market value?
At what growth rate will the market be projected to grow by the forecast 2029?
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Our report offers:
- Market share assessments for the regional and country level segments.
- Market share analysis of the top industry players.
- Strategic recommendations for the new entrants.
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Strategic recommendations in key business segments based on the market estimations.
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments.
- Supply chain trends mapping the latest technological advancements.
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About Data Bridge Market Research:
Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability levels and advanced approaches. We are committed to uncovering the best consumer prospects and fostering useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expanded its reach by opening a new office in the Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."
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