Essential Oils In Animal Nutrition Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Essential Oils In Animal Nutrition Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global essential oil in animal nutrition market is projected to grow at a CAGR of 7.3% during the forecast period.

Key Highlights

• 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 protects 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.

Key Market TrendsIncreasing Usage of Phytogenic Feed Additives

PFA has antimicrobial, anti-viral and anti-oxidant properties resulting in reduced pathogenic bacteria and a well-balanced gut microflora as well as improving feed efficiency 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 the consumers and the increasing emphasis on improving poultry health are expected to catapult the market of 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.

Europe Dominates the Global Essential Oils In Animal Nutrition Market

Europe dominates the global essential oils in the animal nutrition market, in terms of revenue share which is followed by Asia-Pacific and North America. The Middle East & Africa and South America markets are still untapped. Spain is one of the most prominent animal feed manufacturers across the European region, 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. The European demand for essential oils is ever increasing. Further, 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.

Competitive Landscape

E.I. DuPont De Nemours and Company, Cargill Incorporated, Delacon Biotechnik GmbH, Bordas Chinchurreta Distillations, Ropapharm International BV, Food Base KFT, Vinayak Ingredients (India) Pvt Ltd, Zhejiang Yaofi Biotech Co. Ltd and Devenish Nutrition Limited are the major players operating in the Global Essential oils for animal nutrition. Most suppliers of essential oils are rooted in countries like Brazil, China, the United States, Egypt, India, Mexico, Guatemala, Morocco, and Indonesia, since they are developing, and have peasant type economies, except the United States.

The Key Developments in Essential Oils in Animal Nutrition Market: Delacon entered into a strategic equity investment agreement with Cargill to advance the market existence of natural, plant-based feed additives in the global market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

E.I. DuPont De Nemours and Company
Cargill Incorporated
Delacon Biotechnik GmbH
Bordas Chinchurreta Distillations
Food Base KFT
Zhejiang Yaofi Bio
tech Co. Ltd
Devenish Nutrition Limited

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