Essential Oils In Animal Nutrition Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 575.10 Million |
| Market Size (2029) | USD 868.40 Million |
| CAGR (2024 - 2029) | 8.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Essential Oils In Animal Nutrition Market Analysis
The Essential Oils In Animal Nutrition Market size is estimated at USD 575.10 million in 2024, and is expected to reach USD 868.40 million by 2029, at a CAGR of 8.60% during the forecast period (2024-2029).
Essential oils enhance the flavour and palatability of animal feed, leading to increased voluntary intake and improved weight gain. As global meat demand rises, so does the rearing of various animals, subsequently boosting the market for essential oils in animal feed. The Organisation for Economic Co-operation and Development (OECD) reported a rise in global pork consumption, from 120.7 million metric tons in 2022 to 122.0 million metric tons in 2023. To maintain consumer trust and encourage feed consumption, it's vital to ensure consistent high-quality animal products. By enriching animal feed with bioactive compounds like essential oils, not only is the quality of the derived products enhanced, but there's also protection against oxidation and bacterial spoilage. Given their benefits on growth performance, intestinal microbiota, and overall welfare, animal producers are increasingly turning to essential oils for animal diets.
Essential oils present a viable alternative to antibiotics, which pose risks of bacterial resistance. The phytochemicals found in essential oils are less prone to inducing such resistance. Moreover, with several countries imposing restrictions and outright bans on antibiotics, there's been a concerted effort from scientists and the feed industry to explore alternatives like essential oils. In 2022, the European Union took a significant step by banning the routine use of antibiotics in farmed animals. This move not only underscored the importance of natural feed additives, such as essential oils, but also bolstered the market for these additives. Numerous research studies advocate for the inclusion of essential oils in animal nutrition. For instance, research by MicroBios in 2022 highlighted that plant-derived compounds, including essential oils, offer livestock producers safe, effective, and economically viable solutions. These solutions range from treating microbial infections and managing parasites to alleviating heat stress and enhancing both milk production and rumen function. Thus, the confluence of rising demand for animal-based products, positive research findings on essential oils, and global antibiotic restrictions is propelling market growth during the forecast period.
Essential Oils In Animal Nutrition Market Trends
Increasing Adoption of Essential Oils in Poultry Enhances Market Growth
Essential oils are proving to be effective feed supplements, boosting both the health and growth performance of poultry. They enhance digestion by stimulating digestive enzymes and mucus production, and they also play a role in modulating gut microbiota. Moreover, various studies have underscored their antimicrobial properties, highlighting their potential to mitigate pathogen emergence in poultry. A 2024 study conducted by researchers from the University of Queensland, Wenzhou Medical University, and Mahidol University spotlighted the amplified antimicrobial and antiviral potency of essential oils against poultry pathogens. Specifically, liposomal formulations of clove and cinnamon oils demonstrated heightened efficacy against methicillin-resistant S. aureus, while liposomal nutmeg and lemongrass oils showed superior performance against Listeria monocytogenes.
Poultry continues to dominate global meat consumption, with a marked increase during the study period. According to data from the Organisation for Economic Co-operation and Development (OECD), global poultry meat consumption climbed from 137.4 million metric tons in 2022 to 139.7 million metric tons in 2023. Additionally, the number of chickens worldwide grew from 25.9 million heads to 26.5 million heads from 2021 and 2022, as per FAOSTAT. This rising trend accentuates the advantages of enhanced feed, such as essential oils, in bolstering poultry growth. Consequently, the surging demand for poultry meat, especially when juxtaposed with other meats, coupled with the growth-promoting attributes of essential oils, is driving the segment's expansion during the forecast period.
Europe Dominates the Global Essential Oils In Animal Nutrition Market
Europe dominates the global market for essential oils in animal nutrition, with the Asia-Pacific and North America closely trailing. Spain emerges as a pivotal player in Europe's animal feed manufacturing scene, a status poised to enhance the uptake of essential oils in feed. Germany, France, and the United Kingdom lead the charge, fueled by strong consumer demand. Concurrently, Italy and Spain are making notable strides, driven by technological innovations and increasing investments. Highlighting this momentum, in 2023, ADM unveiled a new production facility in Valencia, Spain, targeting the escalating global demand for probiotics, postbiotics, and other additive products, essential oils included.
Across Europe, animal feed manufacturers emphasize the need for a steady supply, consistent pricing, premium raw materials, and thorough product documentation. For instance, in the U.S., the retail price of lemons dipped slightly from USD 2.09 per pound in 2022 to USD 2.07 per pound in 2023. Such raw material price fluctuations allow for more competitive pricing of essential oil products, fueling market growth. Government initiatives advocating for the production of natural, animal-based foods are driving market growth. In 2023, the German government invested 38 million euros (around USD 41 million) to promote precision fermentation, plant-based, and cultivated meat and dairy products. This highlights the focus on ensuring a healthy growth process for animals through natural feed solutions, subsequently boosting the demand for essential oils in the nation.
Essential Oils In Animal Nutrition Industry Overview
The market for essential oils in animal nutrition is consolidated in nature, with major players operating in the market globally and domestically. Some of the major players in the market include Cargill Incorporated, Bordas Chinchurreta Distillations, Koninklijke DSM NV, Kemin Industries, and Nutreco N.V. The players are mostly focused on expanding into new regions with their products to gain more market share. Companies also use other strategies, such as innovation and partnerships, to establish a stronghold in the market. 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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Koninklijke DSM N.V.
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Bordas Chinchurreta Distillations
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Kemin Industries
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Nutreco N.V
*Disclaimer: Major Players sorted in no particular order
Essential Oils In Animal Nutrition Market News
- January 2024: Devenish introduced OregoPro in Europe, aiming to boost poultry flock performance. OregoPro, enriched with oregano essential oil (OEO), harnesses carvacrol and thymol as its key active components, promoting better intestinal health and nutrient absorption. Additionally, the company underscored oregano's well-documented anti-inflammatory and antioxidant benefits, particularly during stressful periods.
- May 2023: Alltech has acquired Agolin SA, a producer and supplier of plant-based nutrition solutions, including essential oils. This acquisition allows Alltech to harness Agolin's scientifically validated technology, enhancing herd performance, profitability, and sustainability.
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
4.1.1 Surging Demand for High-Quality Animal-Based Foods
4.1.2 Ban in Antibiotics in Animal Feed
4.1.3 Growth in Organic Livestock Farming
4.2 Market Restraints
4.2.1 Volatility in Raw Material Prices
4.2.2 Stringent Government Regulations
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
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
5.2 Livestock
5.2.1 Poultry
5.2.2 Ruminant
5.2.3 Swine
5.3 Functionality
5.3.1 Palatability Enhancer
5.3.2 Performance Enhancer
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
6.3 Company Profiles
6.3.1 International Flavors & Fragrances
6.3.2 Cargill Incorporated
6.3.3 Bordas Chinchurreta Distillations
6.3.4 Turpaz Industries Ltd
6.3.5 Zhejiang Yaofi Bio-tech Co. Ltd
6.3.6 Novus International
6.3.7 Koninklijke DSM NV
6.3.8 Nutreco N.V
6.3.9 Kemin Industries Inc
6.3.10 BASF SE
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Essential Oils In Animal Nutrition Industry Segmentation
Essential oils are fragrant liquids extracted under pressure or with steam from particular plants. Essential oils in the animal nutrition market are segmented by Type (Lemon, Orange, Eucalyptus, Peppermint, Oregano, Cinnamaldehyde, Thyme, Garlic); by Livestock (Poultry, Ruminant, Swine); by Functionality (Palatability Enhancer and Performance Enhancer); and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers market sizing and forecasts in value (USD) for all the above-mentioned segments.
| Type | |
| Lemon | |
| Orange | |
| Eucalyptus | |
| Peppermint | |
| Oregano | |
| Cinnamaldehyde | |
| Thyme | |
| Garlic |
| Livestock | |
| Poultry | |
| Ruminant | |
| Swine |
| Functionality | |
| Palatability Enhancer | |
| Performance Enhancer |
| Geography | |||||||||
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Essential Oils In Animal Nutrition Market Research FAQs
How big is the Essential Oils In Animal Nutrition Market?
The Essential Oils In Animal Nutrition Market size is expected to reach USD 575.10 million in 2024 and grow at a CAGR of 8.60% to reach USD 868.40 million by 2029.
What is the current Essential Oils In Animal Nutrition Market size?
In 2024, the Essential Oils In Animal Nutrition Market size is expected to reach USD 575.10 million.
Who are the key players in Essential Oils In Animal Nutrition Market?
Cargill Incorporated, Koninklijke DSM N.V., Bordas Chinchurreta Distillations, Kemin Industries and Nutreco 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, and what was the market size in 2023?
In 2023, the Essential Oils In Animal Nutrition Market size was estimated at USD 525.64 million. 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 Intelligenceā¢ 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.
