Essential Oils in Animal Nutrition - World Markets, 2023 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Essential Oils in Animal Nutrition - World Markets, 2023" report has been added to ResearchAndMarkets.com's offering.

The global market was valued at USD 312.71 million in 2017, and is expected to reach USD 472.35 million by 2023, registering a CAGR of 7.3% during the forecast period 2018-2023.

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 animal nutrition market.

Essential oils have received attention in the recent years as potential natural alternatives, in order to replace antibiotic growth promoters (AGPs) in animal diets, due to their positive impact on growth performance, gut microbiota, and welfare, this has been the most significant driver for the essential oils in animal nutrition market.

Thyme and cinnamaldehyde hold the largest shares in the essential oils for animal nutrition market, they hold around 16% and 20%, respectively.

Europe dominates the global essential oils in animal nutrition market, in terms of revenue share which is followed by Asia-Pacific and North America. Middle East & Africa and South America market 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 feed. Spain has been completely dominant in terms of largest quantity of animal food production.

Key Developments in the 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.

Topics Covered

1. Introduction

2. Essential Oils in Animal Nutrition Market Insights

3. Essential Oils in Animal Nutrition Market Dynamics

4. Essential Oils in Animal Nutrition Market Segmentation & Analysis

5. Essential Oils in Animal Nutrition Regional Market Analysis

6. Essential Oils in Animal Nutrition Competitive Landscape

7. Essential Oils in Animal Nutrition Company Profiles

• Bordas Chinchurreta Distillations
• Cargill Incorporated
• Delacon Biotechnik GmbH
• Devenish Nutrition Limited
• E.I. DuPont De Nemours and Company
• Food Base KFT
• Ropapharm International B.V.
• Vinayak Ingredients (India) Pvt. Ltd.
• Zhejiang Yaofi Bio-tech Co. Ltd.

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