Global Taste Enhancers in Animal Feed Market – Industry Trends and Forecast to 2029

Global Taste Enhancers in Animal Feed Market, By Type (Acidulants, Glutamates, Hydrolysed Vegetable Protein, Yeast Extracts, Hydrolysed Animal Protein, Maltol, Nucleotides, Acids, Others), Source (Natural, Synthetic), Form (Powder, Liquid, Semi-liquid) – Industry Trends and Forecast to 2029.

Taste Enhancers in Animal Feed Market Analysis and Size

Taste enhancers in animal feed have gained a significant position in the field of feed supplements and will grow during the forecast period of 2022 to 2029, as they are highly influential in the development of animal feed industry. The utilization of feed palatability enhancers & modifiers has increased the feed intake in animals and also, the sweetness of animal feed.

Data Bridge Market Research analyses that the taste enhancers in animal feed market was valued at USD 905.00 million in 2021 and is expected to reach the value of USD 1464.35 million by 2029, at a CAGR of 6.20% 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.

Taste Enhancers in Animal Feed Market Scope and Segmentation

Market Definition

Taste enhancers are the compounds that are added to the food products in order to enhance or supplement its own natural flavour and has no taste of its own. Due to its capability of making sweet foods sweeter and savoury tastes much better, taste enhancers for animal feeds are in high demands across the globe. Thus, all these factors are expected to drive the growth of the taste enhancers in animal feed market.

Global Taste Enhancers in Animal Feed Market Dynamics

Drivers

• Increased consumption of Monosodium Glutamate as Umami taste enhancers

The primary factor driving the taste enhancers in the animal feed market is the rising consumption of monosodium glutamate as a taste enhancer in the animal diets all over the world. The increased dependence of people on processed food items. The taste enhancers in animal feed play a vital role in regulating food preference, eating patterns and homeostatic energy balance control in various animals such as horses, ruminants, poultry, dogs and cats and others. All these factors are expected to drive the market growth over the forecasted period.

• Rise in the population and disposable incomes

The rise in the population and disposable incomes across the globe are the factors fuelling the growth of the taste enhancers in the animal feed market. Additionally, the high rates of animal adoption in developing or emerging economies and lifestyle trends of the people and the rising awareness regarding health consciousness are the factors generating growth opportunities for the market.

Opportunities

• High demands across food and beverage industries

The animal feed flavours and sweeteners are on high demand during the forecasted period and are the factors that are generating lucrative growth opportunities for the market. The bitter taste in the animal feed is due to the other additives that are considered healthy for the gut and the digestive tract. They also act as the good substitute to the antibiotics in the feed as the bitter taste is neutralized by the flavours and the sweeteners. These factors generate lucrative growth opportunities for the market over the forecasted period.

Restraints

• Stringent regulations and side-effects

The stringent regulations along with the pressure in the maintenance of international quality standard will act as major restraints on the growth of the taste enhancers in animal feed market in the forecast period. Moreover, lack of awareness among the people regarding the side-effects of the taste enhancers will also obstruct the growth of the market over the forecasted period.

This taste enhancers in animal feed 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 taste enhancers in animal feed 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 Taste Enhancers in Animal Feed Market

The covid-19 has affected nearly every end-users industry badly due to the lockdowns initiated protocols by the government during the pandemic. The supply chain and the manufacturing units were affected badly during the pandemic though this differed from industry to industry. However, the huge rise in the demands of the animal feed and diets in the pandemic and the post-pandemic era due to the large supply and the manufacturing demands among the consumers. The taste enhancers in animal feed market was hence recovered as the supply demands increased across the globe for natural taste enhancers and sweeteners in animal diets. Hence, these factors are generating growth opportunities for the market during the post-covid era.

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.

Global Taste Enhancers in Animal Feed Market Scope

The taste enhancers in animal feed market is segmented on the basis of type, source and form. 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

• Acidulants
• Glutamates
• Hydrolysed Vegetable Protein
• Yeast Extracts
• Hydrolysed Animal Protein
• Maltol
• Nucleotides
• Acids
• Others

Source

• Natural
• Synthetic

Form

• Powder
• Liquid
• Semi-liquid

Taste Enhancers in Animal Feed Market Regional Analysis/Insights

The taste enhancers in animal feed market is analyzed and market size insights and trends are provided by type, source and form as referenced above.

The countries covered in the taste enhancers in animal feed 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.

North America and Europe dominate the taste enhancers in animal feed market because of the prevalence of various manufacturing companies and the rising consumption of processed food within the region.

Asia-Pacific is expected to grow within the forecasted period from 2022-2029 due to prevalence of health-conscious people and growth of the food industries.

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 Taste Enhancers in Animal Feed Market Share Analysis

The taste enhancers in animal feed 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 taste enhancers in animal feed market.

Some of the major players operating in the isotonic drinks market are:

• Cargill, Incorporated. (U.S.)
• Tate & Lyle (U.K.)
• Associated British Foods plc (U.K.)
• Corbion (Netherlands)
• Sensient Technologies Corporation (U.S.)
• Novozymes (Denmark)
• DuPont. (U.S.)
• AngelYeast Co., Ltd. (China)
• Innova Flavors (U.S.)
• Ajinomoto Co., Inc. (U.S.)
• A&B Ingredients, Inc. (U.S.)
• Univar Solutions Inc. (U.S.)
• Aipu Food Industry. (China)
• The Food Source International Inc (U.S.)
• Lesaffre (France)
• Fufeng Group (China)
• MeiHua Holdings Group Co (China)
• Shandong Qilu King-phar pharmaceutical Co., Ltd. (China)
• Invetek Inc (U.S.)
• Mitsubishi International Food Ingredients, Inc. (U.S.)