Global Feed Taste Enhancers Market, By Type (Flavors, Sweeteners, Aroma Enhancers), Product Type (Natural Enhancers, Synthetic Enhancers), Application (Poultry, Swine, Cattle, Pets, Aquaculture, Others) – Industry Trends and Forecast to 2029.
Feed Taste Enhancers Market Analysis and Size
Feed taste enhancers have earned a deserved place in feed supplements due to their significant influence on the development of the animal feed industry. Feed taste enhancers help improve livestock health in addition to reducing the bad taste of animal feed.
Data Bridge Market Research analyses that the feed taste enhancers market which was growing at a value of 2.61 billion in 2021 and is expected to reach the value of USD 5.39 billion by 2029, at a CAGR of 9.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Feed Taste Enhancers Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Flavors, Sweeteners, Aroma Enhancers), Product Type (Natural Enhancers, Synthetic Enhancers), Application (Poultry, Swine, Cattle, Pets, Aquaculture, Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Bayer AG (Germany), Cargill Incorporated (U.S.), BASF SE (Germany), Yara (Norway), Compass Minerals (U.S.), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemical Co., Ltd. (Japan), Nufarm Canada (Canada), K+S Aktiengesellschaft (Germany), Nutreco (Netherlands), Adisseo (China), Alltech (U.S.), NOVUS INTERNATIONAL (U.S.), Biomin (Austria), Impextraco NV (Belgium), Norel SA (Spain), Global Nutritech (Turkey) |
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Opportunities |
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Market Definition
Feed taste enhancers are feed additives used in animal feed to mask the unpleasant taste caused by the high concentration of synthetic additives, antibiotics, vitamins, and nutrients. They make animal feed more appealing by improving its smell, taste, and texture. Feed taste enhancers increase feed intake in animals by making the feed more pleasant and agreeable to taste, resulting in high feed conversion rates.
Global Feed Taste Enhancers Market Dynamics
Drivers
- Growing demand for quality meat and meat products
Global meat consumption is increasing rapidly, with health-conscious consumers preferring high-quality meat and meat products, attracting the attention of feed additive manufacturers such as flavours, sweeteners, and restaurants, fuelling the growth of the feed taste enhancers market. The dietary inclusion benefits animal health because it is combined with other nutritious feed additives that aid in the proliferation of indigenous lactic acid bacteria, thereby activating the immune response to diseases.
- Growing emphasis on animal health
In recent years, there has been an increase in consumer awareness of animal health. This has resulted in an increase in spending on pet food products, as owners want to ensure that their pets are properly fed. The need to improve animal health is thus propelling the feed taste enhancers market forward.
Opportunity
Feed taste enhancers have gained prominence in the feed supplement industry due to their significant influence on the development of the animal feed industry. The sweetness of animal feed is increased by adding feed taste enhancers to it, which increases feed intake in animals. Feed developers have also gained favour in the feed industry because they significantly impact the growth of the pet food industry.
Restraints
Volatility in raw material prices will restrain the growth of the feed taste enhancers market during the forecast period. Growing environmental and human health concerns will significantly challenge market growth.
This feed taste enhancers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the feed taste enhancers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Feed Taste Enhancers Market
COVID-19 had a negative impact on livestock production and consumption. This effect eventually spread to the feed industry, including the market for feed palatability enhancers. Companies in this industry were also experiencing difficulties as a result of production constraints and supply chain issues. However, if no further outbreaks disrupt the market, the industry is expected to return to pre-covid demand and production levels in the near future.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2020, Symrise AG launched a new line of innovative products (Extrapal line) made from proprietary protein hydrolysates. These palatability enhancers have a high level of hydrolysis, resulting in a high content of free amino acids and specific peptides, combined with selected ingredients that have been shown to improve the palatability performance of carnivorous feeds.
- In 2020, Kerry Inc. will launch Kerry PurePal, a novel plant-based technology that provides the aroma that pet owners desire as well as the palatability performance that pet food manufacturers expect.
Global Feed Taste Enhancers Market Scope
The feed taste enhancers market is segmented on the basis of type, product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Flavors
- Sweeteners
- Aroma Enhancers
Product type
- Natural enhancers
- Synthetic enhancers
Application
- Poultry
- Swine
- Cattle
- Pets
- Aquaculture
- Others
Feed Taste Enhancers Market Regional Analysis/Insights
The feed taste enhancers market is analysed and market size insights and trends are provided by country type, product type and application as referenced above.
The countries covered in the feed taste enhancers market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is the world's largest market for feed taste enhancers because of rising animal health concerns and rising demand for animal feed. The North American feed taste enhancers market is also expanding rapidly as pet owners become more aware of quality products and the chemicals used in animal feeds.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Feed Taste Enhancers Market Share Analysis
The feed taste enhancers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to feed taste enhancers market.
Some of the major players operating in the feed taste enhancers market are:
- Bayer AG (Germany)
- Cargill Incorporated (U.S.)
- BASF SE (Germany)
- Yara (Norway)
- Compass Minerals (U.S.)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Sumitomo Chemical Co., Ltd. (Japan)
- Nufarm Canada (Canada)
- K+S Aktiengesellschaft (Germany)
- Nutreco (Netherlands)
- Adisseo (China)
- Alltech (U.S.)
- NOVUS INTERNATIONAL (U.S.)
- Biomin (Austria)
- Impextraco NV (Belgium)
- Norel SA (Spain)
- Global Nutritech (Turkey)
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