Feed Palatability Enhancers And Modifiers Market To Reach $4,803.9 Million By 2030

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.

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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

Feed Palatability Enhancers And Modifiers Market Segmentation

Grand View Research has segmented the global feed palatability enhancers and modifiers market report based on source, product, livestock, and region:

Feed Palatability Enhancers & Modifiers Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Natural

• Synthetic

Feed Palatability Enhancers & Modifiers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Flavors

• Sweeteners

• Texturants

• Aroma Enhancers

• Other Products

Feed Palatability Enhancers & Modifiers Livestock Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Ruminant

• Poultry

• Swine

• Aquaculture

• Pet

• Other Livestocks

Feed Palatability Enhancers & Modifiers Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Thailand

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

List of Key Players in the Feed Palatability Enhancers And Modifiers Market

• DuPont

• Associated British Foods Plc

• Kerry Group Plc

• Symrise AG

• Adisseo France SAS

• Elanco Animal Health

• Kent Nutrition Group

• Kemin Industries, Inc.

• Diana Foods