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Global Essential Oils in Animal Nutrition Market – Industry Trends and Forecast to 2029

  • Agriculture And Animal Feed
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Essential Oils in Animal Nutrition Market By Type (Lemon, Orange, Garlic, Peppermint, Eucalyptus, Oregano, Thyme, Cinna aldehyde, Other), Application (Poultry, Swine, Ruminant, Other)– Industry Trends and Forecast to 2029

Essential Oils in Animal Nutrition Market

Market Analysis and Size

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.

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.

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 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.

Report scope and market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Lemon, Orange, Garlic, Peppermint, Eucalyptus, Oregano, Thyme, Cinna aldehyde, Other), By Application (Poultry, Swine, Ruminant, Other)

Countries Covered

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.

Market Players Covered

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), and Novus International (US)

Opportunities

  • Rise in favourable rules and regulatory scenario
  • Increase in population, increase in disposable income and rise in demand for animal by products
  • An increase in market research and development activities, as well as technological advancements and modernization in production techniques

Essential Oils in Animal Nutrition Market Dynamics

Drivers

  • Rising adoption of plant based feed additives

PFA has antimicrobial, antiviral, and anti-oxidant properties, resulting in less pathogenic bacteria and a 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 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 flavour and induce high feed intake for growth and reproductive performance is expected to benefit the market.

  • Benefits and properties offered by 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 programme adoption and the need to maximise net returns by using available roughages inefficiently are likely to drive up demand for liquid supplements in ruminants.

Opportunity

Rise in favourable rules and regulatory scenarios is the major driver escalating market growth; also, increase in population, increase in disposable income, and 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.

Restraints

However, unavailability of sufficient raw materials and price volatility in plant extracts are the major factors acting as restraints, and will further challenge the growth of essential oils in animal nutrition market in the forecast period.

This essential oils in animal nutrition market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the essential oils in animal nutrition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

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)

Research Methodology: Global Essential Oils in Animal Nutrition Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The current market value in 2021 is USD 0.47 billion.