Product Code: GVR-4-68040-253-6
Feed Palatability Enhancers And Modifiers Market Growth & Trends:
The global feed palatability enhancers and modifiers market is anticipated to reach USD 4,803.9 million by 2030 and is projected to grow at a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. This is attributable to the increasing demand for quality animal feed on the account of increasing consumption of animal-based products. In addition, this demand is fueled by the need to improve quality feed intake, promote better animal growth, and improve overall animal efficiency.
In addition, the rising number of pet owners, and rising disposable income of these pet owners are fueling the market for high quality pet food products, such as wet and dry pet food, and snacks & treats, which in turn reflects a positive prospect on the consumption of animal feed palatability enhancers & modifiers.
The rising meat production is also a significant driver of the overall market. According to the OECD, the per capita meat consumption of meat and meat-based products is anticipated to increase by 2% YoY to 2032. As global meat consumption rises, there is an emerging trend among animal feed additives manufacturers to maintain the quality of their products. As a result, it is anticipated to have a positive outlook on the demand for the product among the feed manufacturers.
On the other hand, several regions such as Europe have witnessed stagnation in the demand for the product on account of strict laws and regulations by various regulatory bodies and organizations, such as European Union (EU), European Pet Food Industry, and USDA. These regulatory constraints have hindered the market growth for the product in the region.
Feed Palatability Enhancers And Modifiers Market Report Highlights:
- Based on source, the natural segment are anticipated to grow at the fastest CAGR of 6.1% over the forecast period. Natural sources offer eco-friendly alternatives to the traditionally used synthetic additives. With the growing emphasis on consumption of natural products among consumers on a global scale, this trend is also anticipated to impact the demand for the natural products
- The sweeteners segment are anticipated to grow at fastest CAGR of 6.5% over the forecast period. This is attributable to numerous advantageous properties of using sweeteners in animal feed such as increasing intake and weight gain, masking unpleasant flavors, improving feeding behavior and efficiency, and enhancing nutrient absorption
- North America is expected to grow at the fastest CAGR of 6.2% over the forecast period, owing to rapid technological advancements, presence of large product manufacturers, changing consumer preferences & trends
- In November 2022, DSM started the construction of its large-scale production facility for its novel feed additives for ruminants in Scotland. This development of DSM-Firmenich's Dalry site has been supported by the Scottish Government through Scottish Enterprise, the national agency supporting economic development and innovation
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Productulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Feed Palatability Enhancers & Modifiers Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Animal Feed Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Manufacturing/ Technology Trends
- 3.2.2. Sales Channel Analysis
- 3.2.3. List of Potential End-Users
- 3.3. Regulatory Framework, By Regions
- 3.4. Price Trend Analysis, 2018 - 2030 (USD/Kg)
- 3.4.1. Factors Influencing Prices
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. Macro-environmental Analysis
Chapter 4. Feed Palatability Enhancers & Modifiers Market: Source Estimates & Trend Analysis
- 4.1. Source Movement Analysis & Market Share, 2023 & 2030
- 4.2. Feed Palatability Enhancers & Modifiers Market Estimates & Forecast, By Source, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Natural
- 4.3.1. Natural Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Synthetic
- 4.4.1. Synthetic Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Feed Palatability Enhancers & Modifiers Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2023 & 2030
- 5.2. Feed Palatability Enhancers & Modifiers Market Estimates & Forecast, By Product, 2018 to 2030 (Kilotons) (USD Million)
- 5.3. Flavors
- 5.3.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, by Flavors, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Sweeteners
- 5.4.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, by Sweeteners, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Texturants
- 5.5.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, by Texturants, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Aroma Enhancers
- 5.6.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, by Aroma Enhancers, 2018 - 2030 (Kilotons) (USD Million)
- 5.7. Other Products
- 5.7.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, by Other Products, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Feed Palatability Enhancers & Modifiers Market: Livestock Estimates & Trend Analysis
- 6.1. Livestock Movement Analysis & Market Share, 2023 & 2030
- 6.2. Feed Palatability Enhancers & Modifiers Market Estimates & Forecast, By Livestock, 2018 to 2030 (Kilotons) (USD Million)
- 6.3. Ruminant
- 6.3.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, in Ruminant, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Poultry
- 6.4.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, in Poultry, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Swine
- 6.5.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, in Swine, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Aquaculture
- 6.6.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, in Aquaculture, 2018 - 2030 (Kilotons) (USD Million)
- 6.7. Pet
- 6.7.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, in Pet, 2018 - 2030 (Kilotons) (USD Million)
- 6.8. Other Livestocks
- 6.8.1. Feed Palatability Enhancers & Modifiers Market Estimates and Forecasts, in Other Livestocks, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Feed Palatability Enhancers & Modifiers Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Feed Palatability Enhancers & Modifiers Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3. Europe
- 7.3.1. Europe Feed Palatability Enhancers & Modifiers Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Germany Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. UK
- 7.3.3.1. Key country dynamics
- 7.3.3.2. UK Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. France Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Italy Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Spain Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Key country dynamics
- 7.3.7.2. Denmark Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Feed Palatability Enhancers & Modifiers Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. China Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. India
- 7.4.3.1. Key country dynamics
- 7.4.3.2. India Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Japan Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key country dynamics
- 7.4.5.2. South Korea Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. Vietnam
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Vietnam Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7. Thailand
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Thailand Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Central & South America
- 7.5.1. Central & South America Feed Palatability Enhancers & Modifiers Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Brazil Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Argentina Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa Feed Palatability Enhancers & Modifiers Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Saudi Arabia Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3. South Africa
- 7.6.3.1. Key country dynamics
- 7.6.3.2. South Africa Feed Palatability Enhancers & Modifiers Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Feed Palatability Enhancers & Modifiers Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share/Position Analysis, 2023
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping
- 8.6. Company Profiles
- 8.6.1. DuPont
- 8.6.1.1. Participant's overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Recent developments
- 8.6.2. Associated British Foods Plc
- 8.6.2.1. Participant's overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Recent developments
- 8.6.3. Kerry Group Plc
- 8.6.3.1. Participant's overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Recent developments
- 8.6.4. Symrise AG
- 8.6.4.1. Participant's overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Recent developments
- 8.6.5. Adisseo France SAS
- 8.6.5.1. Participant's overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Recent developments
- 8.6.6. Elanco Animal Health
- 8.6.6.1. Participant's overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Recent developments
- 8.6.7. Kent Nutrition Group
- 8.6.7.1. Participant's overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Recent developments
- 8.6.8. Kemin Industries, Inc.
- 8.6.8.1. Participant's overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Recent developments
- 8.6.9. Diana Foods
- 8.6.9.1. Participant's overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Recent developments