Asia-Pacific Feed Palatability Enhancers And Modifiers Market

Asia-Pacific Feed Palatability Enhancers & Modifiers Market Size (2024 to 2029)

The Asia-Pacific feed palatability enhancers & modifiers market size is expected to reach USD 1198.90 million in 2024 and USD 1472.02 million by 2029, growing at a CAGR of 4.19% during the forecast period from 2024 to 2029

The feed palatability enhancers & modifiers market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the increase in meat consumption all around the world and has thus received attention specifically from the manufacturers of feed additives like flavors, sweeteners, and restaurants.

Feed palatability enhancers & modifiers are basically used for overcoming the smell and bitter taste of feed due to the result of feed additives, which are good for animal health and thus necessary. Flavors and sweeteners are therefore used to neutralize the taste and smell. Palatability involves oxidation, mold control, and better shelf life of animal feed.

The rise in demand for safe and healthy human food, as well as the mass production of meat, has gained the attention of different feed additives manufacturers. It has resulted in rapid growth in the market in recent years. Other major factors driving the market include a rise in meat consumption, consumer awareness about meat quality, increased demand for feed, and pet food quality, which is a major concern. The market has also been facing some restraints and challenges. Some of the key ones are the harmful effects of ingredients and the increase in the cost of raw materials. These few factors have been holding back the market from reaching its actual potential.

This research report on the Asia-Pacific feed palatability enhancers & modifiers market is segmented and sub-segmented into the following categories.

Asia-Pacific Feed Palatability Enhancers & Modifiers Market Analysis By Livestock

• Swine
• Cattle
• Poultry
• Aquaculture
• Pet foods
• Other livestock

Asia-Pacific Feed Palatability Enhancers & Modifiers Market Analysis By Type

• Sweeteners
• Texturants

The cattle sector accounted for the greatest market share based on livestock due to the rise in production of cattle meat in recent years and is expected to show even further growth.

COUNTRY ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

KEY PLAYERS IN THE ASIA-PACIFIC FEED PALATABILITY ENHANCERS & MODIFIERS MARKET

Some of the major companies dominating the market, by their products and services, include Associated British Foods PLC, E. I. Dupont, Diana Group, Eli Lilly and Company, Ferrer, Ensign-Bickford Industries Inc., Kemin Europa, Kerry Group PLC, Kent Feeds Inc., Tanke International Group.