Global Feed Palatability Enhancers And Modifiers Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type, Feed Sweeteners, Feed Texturants, Livestock, And Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Industry Analysis From (2024 to 2029)

Updated On: June, 2024
ID: 1963
Pages: 175

Global Feed Palatability Enhancers and Modifiers Market Size (2024 to 2029)

The global feed palatability enhancers and modifiers market size is expected to reach USD 3.42 Billion in 2024 and reach USD 4.09 billion by 2029, growing at a CAGR of 3.65% from 2024 to 2029.

The feed palatability enhancers & modifiers market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rise in meat consumption all over the world and has thus received specific attention from the manufacturers of Feed additives such as sweeteners, flavors, and textures. Feed Palatability Enhancers & Modifiers are generally used to overcome the bitter taste and smell of feed as a result of feed additives, which are good for animal health and thus are necessary. Flavors and Sweeteners are thus used to neutralize the smell and taste. Palatability includes mold control, oxidation, and better shelf life for animal feed.

Market Drivers and Restraints

The rising demand for safe and healthy human food and mass production of meat has caught the attention of various feed additives manufacturers. It has led to rapid growth in the market over recent years. Other factors driving the market growth include consumer awareness about meat quality, rise in meat consumption, increased demand for feed, and the quality of pet food, which is a major concern. The market also faces some challenges and restraints. Some of the important ones are increasing the cost of raw materials and the harmful effects of ingredients. These factors have been responsible for holding back the market from reaching its actual potential.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

3.65%

Segments Covered

By Type, Livestock and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Associated British Foods PLC, Diana Group, E. I. Dupont, Eli Lilly and Company, Ensign-Bickford Industries Inc, Ferrer, Kemin Europa, Kent Feeds Inc, Kerry Group PLC, Tanke International Group.

 

SEGMENT ANALYSIS

Segment Analysis Of The Feed Palatability Enhancers And Modifiers Market

The market share is dominated by natural products due to the health concerns related to synthetic products. The cattle segment accounted for the highest market share on the basis of livestock due to the increase in production of cattle meat over the recent years and is expected to grow even further.

REGIONAL ANALYSIS

The Feed Palatability Enhancers & Modifiers market was dominated by Asia-Pacific, with an overall market share of over 34% globally. Asia-Pacific was followed by Europe and North America. The Asia Pacific is predicted to grow at a rapid pace, while the Europe market is expected to be stagnant in the coming few years.

KEY MARKET PLAYERS

Associated British Foods PLC, Diana Group, E. I. Dupont, Eli Lilly and Company, Ensign-Bickford Industries Inc, Ferrer, Kemin Europa, Kent Feeds Inc, Kerry Group PLC, Tanke International Group. These market players dominate the global feed palatability enhancers and modifiers market.

DETAILED SEGMENTATION OF THE GLOBAL FEED PALATABILITY ENHANCERS AND MODIFIERS MARKET INCLUDED IN THIS REPORT

This research report on the global feed palatability enhancers market is segmented and sub-segmented into the following categories.

By Type

  • Sweeteners
  • Flavors

By Livestock

  • Swine
  • Poultry
  • Cattle
  • Aquaculture
  • Pet foods

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa
  • Rest of the World

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