Global Feed Essential Oils Market

Feed Essential Oils Market Size, Share, Growth Analysis, By Type(Lemon, Orange, Eucalyptus, Peppermint), By Application(Poultry, Ruminant, Aquaculture, Swine), By Region - Industry Forecast 2024-2031


Report ID: SQSG30C2034 | Region: Global | Published Date: July, 2036
Pages: 278 |Tables: 67 |Figures: 75

Feed Essential Oils Market Insights

Feed Essential Oils Market size was valued at USD 20.2 billion in 2019 and is poised to grow from USD 21.79 billion in 2023 to USD 39.43 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

To satisfy people’s demand and increase the demand for feed, it is important to always offer high-quality animal products. When bioactive chemicals, like essential oils, are added to animal feed, it seems to improve the quality of the animal feed that is made and protect the consumer from oxidants and bacteria that can make animal byproducts go bad. Essential oil is a concentrated liquid that doesn't mix with water and has volatile fragrance components from plants. Plant oils are used to add flavor to food and animal feed. These oils are sometimes called essential oils or volatile oils. Lemon and peppermint are two common plants that can be used to make essential oils. They have been used as medicine for hundreds of years because they can help with problems like insomnia, stress, irritable bowel syndrome (IBS), and even constipation which are caused by anxiety. These are the major factors driving the demand for the feed essential oils market during the analysis period.

US Feed Essential Oils Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 20.2 billion

Largest Segment

Orange

Fastest Growth

Orange

Growth Rate

7.9% CAGR

Global Feed Essential Oils Market 2022-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Feed Essential Oils Market Size by Type, 2022-2028 ($ Mn)
Global Feed Essential Oils Market Size by Type, 2022-2028 (%)

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Feed Essential Oils Market Segmental Analysis

The Global Feed Essential Oils Market is segmented based on type, application, and region. Based on type, the market is segmented into lemon, orange, eucalyptus, peppermint, and others. Based on application, the market is segmented into poultry, ruminant, aquaculture, swine, and other animals. Based on region, the global Feed Essential Oils market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Feed Essential Oils Market Analysis by Type

In 2021, the orange feed essential oil accounted for more than 25% of the revenue share for the global feed essential oils market and is expected to dominate the market throughout the analysis period. Increasing demand for PFA feed for better animal byproducts in the market is the major factor driving the demand for the use of feed essential oils in recent years. The growing trend of organic and antibiotic-free meat and milk are also some of the major reasons for this demand as farmers are tempted to use the antibiotic-free feed for their animals to sell its product at a premium for being antibiotic free this will drive the demand for feed essential oil additive market during the forecast period.

Feed Essential Oils Market Analysis by Application

Improving feed efficiency is a constant focus in the livestock business, and essential oil in feed has antibacterial, anti-viral, and anti-oxidant effects, leading to decreased pathogenic microorganisms and more stable gut microbiota these are the major factor for the dominance of the poultry sector for global feed essential oil market during the year 2021. The addition of essential oil feed additives into animal feed is anticipated to significantly contribute to market growth. The market for essential oil feed additives is predicted to grow rapidly due to rising consumer demand for antibiotic-free poultry products and a subsequent focus on enhancing poultry health. As photogenic is increasingly added to bovine feed to improve flavor and stimulate high feed intake for growth and reproductive performance, this trend is also anticipated to boost the market.

Global Feed Essential Oils Market By Type, 2021 (%), 2019 (%)

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Feed Essential Oils Market Regional Insights

In terms of revenue, Europe accounted for the largest consumer of feed essential oils used in animal nutrition globally, followed by the Asia-Pacific region and North America. Markets in South America and the Middle East & Africa are yet to be explored. As one of Europe's leading producers of animal feed, Spain is likely to play a significant role in propelling the usage of essential oils in the animal feed sector. When it comes to producing the most animal feed in the world, Spain has long been in the lead. There is a constant rise in demand for essential oils across the European region. Animal feed manufacturers are driving the demand for feed essential oil throughout the forecast period by looking for opportunities for raw material availability and other need for producing feed.

Global Feed Essential Oils Market By Geography, 2022 - 2028, 2024-2031
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  • Fastest

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Feed Essential Oils Market Dynamics

Feed Essential Oils Market Driver

Improved gut health, higher immunity, and increased yield are projected to propel the feed essential oil industry.

  • EO's antibacterial, antiviral, and anti-oxidant activities reduce pathogenic microorganisms and improve intestinal microbiota and feed efficiency in animals. EO in animal feed should promote industry expansion. Demand for chicken products and attention to improving animal health will boost the essential oil feed additives industry. Increasing EO fortification in ruminant feed to increase flavor and boost feed intake for growth and reproduction will boost the industry.
  • Improved gut health, higher immunity, and increased yield are projected to propel the feed essential oil industry. Essential oils and plant extracts also improve animal health by supplying nutrients, organic minerals, and protein breakdown to build muscle density in ruminants, poultry, and pigs. In addition, technical advances and novel formulation recipes will improve demand. Increased supplementation and the desire to maximize net returns by using available roughages inefficiently may increase ruminant demand for liquid supplements.

Feed Essential Oils Market Restraint

The lack of readily available raw materials and the high price fluctuations of plant extracts are major restraints for the market.

  • The estimated growth of the essential oils market in animal nutrition is restrained by several factors, including the lack of readily available raw materials and the high price fluctuations of plant extracts. These factors might slow down the feed essential oil market growth during the analysis period.

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Feed Essential Oils Market Competitive Landscape

The feed essential oils market is relatively fragmented, with a high level of competition. Few large players, like Cargill Inc, ADM, and Evonik, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Feed Essential Oils Market Top Player’s Company Profiles

  • Cargill Inc. (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)

Feed Essential Oils Market Recent Developments

  • In July 2022, Palital Feed Additives B.V announced its AveMix pro a product that will enhance protein absorption and digestion by optimizing the diet. This will reduce protein use in feed and reduce the feed cost and decrease environmental effects.
  • In June 2022, NUQO Feed Additives a French company announced that it has partnered with SALMIX to expand its operations and distribution of products in Brazil and would aim to establish itself as a market leader.

Feed Essential Oils Key Market Trends

  • The expansion of the essential oils in the animal nutrition market is primarily driven by a rise in advantageous rules and regulations, as well as a rise in population, disposable income, and demand for animal byproducts. In addition, an increase in market research and development activities, as well as technological advances and modernization in production techniques, will generate new opportunities for essential oils in animal nutrition market manufacturers over the projection period.

Feed Essential Oils Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, when bioactive chemicals, like essential oils, are added to animal feed, it seems to improve the quality of the animal feed that is made and protect the consumer from oxidants and bacteria that can make animal byproducts go bad. North America, Europe, Asia-Pacific, South America, and MEA are the major factors driving the demand for the feed essential oils market during the analysis period. Growing demand for organic and antibiotic-free meat and milk is also some of the major reasons for this demand. Animal feed manufacturers are driving the demand for feed essential oil throughout the forecast period. Europe accounted for the largest consumer of feed essential oils used in animal nutrition, followed by the Asia-Pacific region and North America.

Report Metric Details
Market size value in 2019 USD 20.2 billion
Market size value in 2031 USD 39.43 billion
Growth Rate 7.9%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Lemon, Orange, Eucalyptus, Peppermint, Others
  • Application
    • Poultry, Ruminant, Aquaculture, Swine, Other animals
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Cargill Inc. (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)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Feed Essential Oils Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Feed Essential Oils Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Feed Essential Oils Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Feed Essential Oils Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Feed Essential Oils Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Feed Essential Oils Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Feed Essential Oils Market size was valued at USD 20.2 billion in 2019 and is poised to grow from USD 21.79 billion in 2023 to USD 39.43 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

The feed essential oils market is relatively fragmented, with a high level of competition. Few large players, like Cargill Inc, ADM, and Evonik, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Cargill Inc. (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)', 'Nutrition International (France)', 'Centafarm SRL (Italy)', 'Bentoli (US)', 'NUQO Feed Additives (France)', 'Novus International (US)'

EO's antibacterial, antiviral, and anti-oxidant activities reduce pathogenic microorganisms and improve intestinal microbiota and feed efficiency in animals. EO in animal feed should promote industry expansion. Demand for chicken products and attention to improving animal health will boost the essential oil feed additives industry. Increasing EO fortification in ruminant feed to increase flavor and boost feed intake for growth and reproduction will boost the industry.

The expansion of the essential oils in the animal nutrition market is primarily driven by a rise in advantageous rules and regulations, as well as a rise in population, disposable income, and demand for animal byproducts. In addition, an increase in market research and development activities, as well as technological advances and modernization in production techniques, will generate new opportunities for essential oils in animal nutrition market manufacturers over the projection period.

In terms of revenue, Europe accounted for the largest consumer of feed essential oils used in animal nutrition globally, followed by the Asia-Pacific region and North America. Markets in South America and the Middle East & Africa are yet to be explored. As one of Europe's leading producers of animal feed, Spain is likely to play a significant role in propelling the usage of essential oils in the animal feed sector. When it comes to producing the most animal feed in the world, Spain has long been in the lead. There is a constant rise in demand for essential oils across the European region. Animal feed manufacturers are driving the demand for feed essential oil throughout the forecast period by looking for opportunities for raw material availability and other need for producing feed.

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