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

Feed Essential Oils Market size was valued at USD 20.2 billion in 2022 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.