Essential Oils in Animal Nutrition Market, By Type (Lemon, Orange, Eucalyptus, Peppermint, Oregano, Cinnamaldehyde, Thyme, and Garlic), By Livestock (Poultry, Ruminant, and Swine), By Functionality (Palatability, Enhancer, and Performance Enhancer), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis and Forecast till 2034

An essential oil is a concentrated hydrophobic liquid. It contains volatile aroma compounds from plants. The other names for essential oil are volatile oils, ethereal oils, and aetherolea.

There has been a significant rise in the demand for essential oil in animal nutrition as natural alternatives in order to replace antibiotic growth promoters (AGPs) owing to their positive impact on growth performance, gut microbiota, and welfare. This is the major driver for the target market growth. In addition, essential oils improve the flavor and palatability of feed, thus, resulting into increased voluntary feed intake which helps in weight gain. This factor is augmenting the target market growth. Furthermore, the restriction on the use of antibiotics in several countries have insisted scientists to search for alternative products, like essential oils which is anticipated to upsurge the target market growth over the forecast period. Also, there has been extensive utilization of aromatic plants and their respective essential oils in pig, poultry, rabbit, and ruminant nutrition which is propelling the target market growth.

Essential oils in animal nutrition market is segmented based on type, health benefits, distribution channel, and region.

Based on type, the target market is segmented into functional food, organic food, natural healthy food, better for you (BFY) and food intolerance products. Functional and organic type segment are remedial foods that are useful in enhancing health conditions. Based on health benefits, the global market is segmented into heart & gut health, bone health, immunity, nutrition & weight management, skin benefits and other health benefits. On the basis of distribution channel, the global market is sub-segmented into convenience store, online stores, supermarket, drug stores, specialty store and independent retailer.Based on region the target market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa. The North American accounts the major revenue share in 2018 owing to increasing demand for processed food from the U.S. coupled with healthy eating habits. It is expected to maintain its dominance over the forecast period. In Canada, consumer health awareness and interest continue to rise on the basis of the role of foods and beverages in health maintenance and their benefits. Europe is also on verge for contributing maximum share. Asia Pacific is expected to witness significant growth over the forecast period. It is the third-largest market in terms of revenue share due to fastest growing region over the forecast period. In Economies such as India and China the demand for target market has persist to show consumer focus on healthy foods.

Key players operating in the global essential oils in animal nutrition market includes E.I. DuPont De Nemours and Company, Cargill Incorporated, Delacon Biotechnik GmbH, Bordas Chinchurreta Distillations, Food Base KFT, Zhejiang Yaofi Bio-tech Co. Ltd, and Devenish Nutrition Limited.

Company Profile:

• I. DuPont De Nemours and Company*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
• Cargill Incorporated
• Delacon Biotechnik GmbH
• Bordas Chinchurreta Distillations
• Food Base KFT
• Zhejiang Yaofi Bio-tech Co. Ltd.
• Devenish Nutrition Limited.

 “*” marked represents similar segmentation in other categories in the respective section