Market Size of Essential Oils In Animal Nutrition Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Essential Oils In Animal Nutrition Market Analysis
The essential oils in animal nutrition market are projected to register a CAGR of 7.3% during the forecast period.
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 protect consumers against oxidation and bacterial spoilage effects. This factor is fueling the growth of essential oils in the animal nutrition market. Additionally, the restriction and the ban (for example, the European Union) on the use of antibiotics in several countries have prompted scientists and the feed industry to search for alternative products, like essential oils.
Due to their favorable effects on growth performance, intestinal microbiota, and welfare, essential oils have drawn interest as prospective replacements for antibiotics in animal diets recently. Aromatic herbs and essential oils are often claimed to improve the flavor and palatability of feed, thus, increasing voluntary feed intake and resulting in improved weight gain. These essential oils are suggested for use in animal feed, and the increase in the rearing of various animals due to the rise in demand for meat has been fuelling the growth of the market studied. According to the UN Comtrade data, EUR 1.7 billion worth of fresh, chilled, or frozen pork was imported into Italy in 2021.
