Essential Oils In Animal Nutrition Market Size (2024 - 2029)

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 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.