Europe Feed Palatability Enhancers And Modifiers Market

Europe Feed Palatability Enhancers And Modifiers Market Size, Growth & Forecast:

The Europe Feed Palatability Enhancers & Modifiers is expected to grow at a CAGR of 2.77% and reach USD 921 Million in 2026 from USD 801 Million in 2021. The Feed Palatability Enhancers & Modifiers market is expected to show evident potential in the forecasting period. The market continues to build up momentum with the increase in the consumption of meat all over the world and has thus got attention especially from the manufacturers of Feed additives such as flavours, sweeteners and texturants.

Feed Palatability Enhancers & Modifiers are usually used to tackle the bitter taste and smell from feed due to feed additives, which being good for animal health, are necessary. Sweeteners and Flavours are thus used to neutralize the taste and smell. Palatability includes oxidation, mold control and better shelf life for animal feed.

Drivers and Restraints of Europe Feed Palatability Enhancers And Modifiers Market:

The increasing demand for healthy and safe human food as well as mass meat production has caught attention of different feed additives manufacturers. It has led to a significant growth in the market recently. Other important factors driving the market include rise in meat consumption, consumer awareness about meat quality, increased feed demand and the quality of pet food which is one of the major concerns. The market also faces some restraints and challenges. Some of the major ones include increase in raw materials cost and harmful effects related to ingredients. These factors are responsible for holding back the market from reaching its actual potential.

Europe Feed Palatability Enhancers And Modifiers Market Segmentation:

Europe Feed Palatability Enhancers And Modifiers Market - By Type:

• Sweeteners

• Texturants
• Flavours

Europe Feed Palatability Enhancers And Modifiers Market - By Livestock:

• Swine
• Cattle
• Poultry
• Pet foods
• Aquaculture
• Others

The cattle segment exhibits the highest market share in livestock segmentation due to rise in cattle meat production over the years and is thud expected to grow even further.

Geographical Analysis:

On the basis of geography, the Europe market is analysed under various regions namely

• U.K
• Germany
• Spain
• Italy
• France

Key Players:

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