HOME Research Insight Cargill (U.S.) and E.I. du Pont de Nemours and Company (U.S.) are the Leading Players in the Essential Oils Market



Cargill (U.S.) and E.I. du Pont de Nemours and Company (U.S.) are the Leading Players in the Essential Oils Market


The essential oils market is projected to grow at a CAGR of 8.83% from 2017 to 2022. Increasing demand for aromatherapy, growing research & development activities, and increasing demand for food & beverage and cosmetic applications are some of the factors driving the market. The key market players have adopted strategies such as expansions and acquisitions to expand their market share in the essential oils market. The key players that adopted these strategies are Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (U.S.), and dôTERRA International LLC. (U.S.). Other players in the industry include Givaudan SA (Switzerland), Mane SA (France), and Young Living Essential Oils (U.S.)

Cargill

Cargill’s key business operating segments include agri trading and processing; food ingredients & products; meat, poultry & eggs; farmer services; animal feed & nutrition; energy & nutrition; and financial. It offers a broad range of essential oils under animal feed & nutrition, which include feed additives such as cinergy, prohacid, nectarom, and biacid. To strengthen its business in the essential oils market, the company has adopted strategic investments; for instance, in 2013, Cargill launched a new product in feed additives segment to broaden the animal nutrition segment, which enabled the company to expand its essential oils market. It has R&D centers in Europe and North America, and provides services in Africa, Europe, Asia, Latin America, North America, and the Middle East; this enables it to have a significant global market presence. The key competitors of the company include Koninklijke DSM N.V. (U.S.), Givaudan SA (Switzerland), and E. I. du Pont de Nemours and Company (U.S.).

E. I. du Pont de Nemours and Company

E. I. du Pont de Nemours and Company, commonly known as DuPont, is a science- & technology-based company providing innovative products, materials, and services. The company operates through different business segments, namely, agriculture, food & personal care, electronics & communications, industrial biosciences, nutrition & health, performance chemicals, performance materials, safety & protection, and pharmaceuticals. The company’s nutrition & health segment comprises the specialty food ingredients business of Danisco A/S (Denmark). The segment offers essential oils compounds under the essential oil feed solution segment, which include compounds comprising optimized, high-concentration blends of thymol and cinnamaldehyde; these have been shown to stimulate feed intake & digestion, improve body weight, and offer healthy performance benefits. In October 2016, the company opened expertise and facilities to support the expansion of poultry gut health portfolio to reduce the usage of antibiotic growth promoters in the global market to expand its business worldwide.

DuPont carries out its operations in more than 90 countries. The company has over 75 R&D centers and 12 examining laboratories, globally. It has a geographical presence across North America, Latin America, Europe, and Asia-Pacific. Its major competitors are E. I. du Pont de Nemours and Company (U.S.), Cargill (U.S.), and Givaudan SA (Switzerland).

Related Reports:

Essential Oils Market by Product Type (Orange, Lemon, Lime, Peppermint, Citronella, Jasmine), Method of Extraction, Application (Food & Beverage, Cosmetics & Toiletries, Aromatherapy, Home Care, Health Care), and Region - Global Forecast to 2022

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