Feed Palatability Enhancers Market By Type (Natural Palatability Enhancers, Synthetic Palatability Enhancers), Livestock (Poultry, Swine, Ruminants, Aquaculture), Application (Feed Premix, Base Mix, Supplements), & Region for 2024-2031
Published on: 2024-08-05 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Feed Palatability Enhancers Market By Type (Natural Palatability Enhancers, Synthetic Palatability Enhancers), Livestock (Poultry, Swine, Ruminants, Aquaculture), Application (Feed Premix, Base Mix, Supplements), & Region for 2024-2031
Feed Palatability Enhancers Market Valuation – 2024-2031
Feed palatability enhancers are additives that make animal feed more appealing and pleasant to livestock and pets. The growing need for these enhancers is driven by several variables including animal health, productivity, and cattle sector efficiency. First, as the world’s population expands, so does the demand for meat, dairy, and other animal products. To meet this demand, farmers and producers must guarantee that their animals are healthy and growing properly by enabling the market to surpass a revenue of USD 2772.19 Million valued in 2024 and reach a valuation of around USD 3200.73 Million by 2031.
Feed quality has a direct impact on livestock’s general health and well-being. When animals consume enough high-quality feed, their immune systems strengthen reducing disease incidence and the need for antibiotics. This is becoming more relevant as there is a worldwide movement to reduce antibiotic use in animal agriculture due to worries about antibiotic resistance by enabling the market to grow at a CAGR of 2.00 % from 2024 to 2031.
Feed Palatability Enhancers MarketDefinition/ Overview
Feed palatability enhancers are additives that improve the flavor, smell, or texture of animal feed increasing the possibility that the animals would consume it voluntarily. These enhancers are essential for ensuring that livestock, poultry, and pets get enough nutrients from their diets. Feed palatability enhancers are designed to stimulate hunger and help animals to consume a balanced and nutritious meal consistently.
These enhancers serve an important role in increasing the appeal and intake of animal feed which is necessary for good nutrition and growth in livestock and pets. These enhancers are additions intended to make feed more appealing to animals encouraging them to swallow their daily rations constantly. One of the most common applications for feed palatability enhancers is in agriculture, particularly livestock production.
Technological improvements in the composition and distribution of palatability enhancers will also influence their future application. Innovations in encapsulation and slow-release technology will enable more accurate and targeted distribution of these enhancers in feed formulations. This can improve their efficacy while reducing interactions with other feed additives.
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Will the Preference for Natural and Sustainable Ingredients Drive the Feed Palatability Enhancers Market?
The preference for natural and sustainable ingredients is expected to be a major driver in the feed palatability enhancers industry. As customers become more aware of their food’s sources and environmental impact, this awareness spreads to animal feed ingredients as well. Natural palatability enhancers derived from plant extracts, essential oils, and other organic sources are gaining popularity due to their perceived benefits for animal health and environmental sustainability. According to a report published by the United Nations Food and Agriculture Organization (FAO), a growing trend toward sustainable livestock production systems with organic livestock farming increased by 25% between 2015 and 2020. This shift directly influences the demand for natural feed additives, including palatability enhancers.
The market’s reaction to this trend is seen in the numbers. According to a study published in the Journal of Animal Science and Technology, the global market for natural feed additives including palatability enhancers will increase at an 8.3% CAGR between 2021 and 2026. Over the last five years, the use of plant-based feed additives in organic livestock production has increased by 56%, according to the US Department of Agriculture (USDA). Furthermore, the European Feed Manufacturers’ Federation (FEFAC) stated that by 2022, about 18% of all feed additives used in the EU would be of natural origin, up from 12% in 2018.
Will Safety Concerns Hamper the Feed Palatability Enhancers Market?
The feed palatability enhancers industry presents potential obstacles due to safety issues although they can be minimized via continued research and regulatory control. Some consumers and regulatory authorities have expressed concerns about the long-term impact of particular feed additives on animal health and potential residues in animal products intended for human consumption. For example, a 2019 report by the European Food Safety Authority (EFSA) emphasized the need for additional research into the safety of certain flavoring compounds used in animal feed. However, it’s worth noting that many feed palatability enhancers particularly those sourced from natural sources have a lengthy track record of safety.
Despite these concerns, the market is likely to expand further driven by rising demand for high-quality animal products and the desire to enhance feed efficiency. This rise indicates that, while safety issues exist, they do not significantly impede market expansion. Manufacturers are reacting to these difficulties by investing in R&D to develop safer, more natural flavor additives. For example, the United States Food and Drug Administration (FDA) claims that in fiscal year 2020, they examined and approved ten new animal food additive petitions demonstrating continued innovation over the years.
Category-Wise Acumens
Will the High Demand for Poultry Meat and Eggs Drive the Livestock Segment?
The poultry industry dominates the market for feed palatability enhancers. This domination is partly due to the vast scope of global poultry production and the unique nutritional requirements of poultry species such as chickens, ducks, and turkeys. Poultry farming is a significant sector because of the strong demand for poultry meat and eggs making it critical to improve feed efficiency and ensure constant feed intake. Palatability enhancers play an important part in this because they improve the taste and smell of feed encouraging birds to eat more frequently and in sufficient quantities. This not only promotes quicker growth rates and higher feed conversion ratios but it also improves the general health and productivity of chickens.
Poultry has a faster growth cycle than other animals, thus any improvements in feed intake and efficiency can have immediate and large economic benefits. The rapid turnover rate in poultry farming where chicks are reared and processed in a few weeks necessitates that farmers optimize every feeding cycle. Furthermore, chickens are extremely sensitive to variations in feed flavor and quality, therefore palatability enhancers are critical for maintaining constant feed consumption. Innovations in poultry palatability enhancers such as products customized to different growth stages and dietary requirements reinforce the segment’s dominance. Continuous research and development into more effective and cost-effective enhancers for chicken feed is propelling this market sector forward.
Will the Demand for Natural and Sustainable Products Drive the Type Segment?
Natural palatability enhancers are taking over the feed palatability enhancer business. This transition is mostly driven by consumer demand for more natural and sustainable products which has had a huge impact on the animal feed sector. As customers become more health-conscious and ecologically sensitive, they want to know that the items they eat including animal products are sourced sustainably and naturally. This preference has resulted in a significant increase in the use of natural palatability enhancers in animal feed formulations including plant extracts, herbs, and other organic substances. These natural additives are seen as safer, healthier, and more environmentally friendly making them more appealing to a wide range of stakeholders including farmers and end users.
Regulatory demands and business norms are progressively promoting the use of natural substances over synthetic alternatives. Many countries are enacting stronger laws on the use of synthetic chemicals in animal feed citing worries about their possible long-term effects on animal health and the environment. Natural palatability enhancers generated from organic sources frequently face fewer regulatory difficulties and are widely recognized as safer and more sustainable alternatives. Furthermore, advances in extraction and processing technology have made it easier and less expensive to make high-quality natural palatability enhancers. This has strengthened their market domination as producers can now match the demand for natural products without sacrificing effectiveness or incurring unnecessary expenses.
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Country/Region-wise Acumens
Will the Expanding Animal Food Industry Drive the Market in the Asia Pacific Region?
The rising animal food sector in the Asia-Pacific region is expected to cause significant growth in the feed palatability enhancer market. This trend is primarily driven by expanding demand for meat and dairy products as well as farmers’ growing awareness of the benefits of utilizing feed additives to boost animal nutrition and productivity. According to the Food and Agriculture Organization (FAO), meat consumption in the Asia-Pacific area is expected to rise by 19% between 2018 and 2027, reaching 144 million tons. This significant increase in meat consumption needs an increase in animal feed supply and quality which raises the demand for feed palatability enhancers.
The expanding cattle population in countries such as China, India, and Indonesia helps to drive market growth. China’s National Bureau of Statistics predicted that the country’s pig population will reach 449.22 million heads in 2022, up 4.6% from the previous year. Similarly, India’s Department of Animal Husbandry and Dairying reported that the country’s livestock population increased by 4.6% from 2012 to 2019, reaching 535.78 million. These rising livestock numbers combined with the increased use of intensive agricultural practices are pushing demand for high-quality, palatable animal feed. Furthermore, the rising emphasis on animal health and welfare is encouraging farmers to invest in feed additives that improve feed intake and overall animal performance.
Will Rising Trend of Pet Ownership Drive the Market in the North American Region?
The expanding pet ownership trend in North America is expected to boost growth in the feed palatability enhancers industry. As more homes adopt pets, particularly dogs and cats, there is a greater demand for high-quality, tasty pet food. The American Pet Products Association (APPA) forecasts that 70% of US households owned a pet in 2021-2022 up from 67% in 2019-2020. This corresponds to around 90.5 million households with pets. The statistics from the United States Census Bureau support this trend with pet ownership steadily increasing over the last decade. This expanding pet population naturally expands the market for pet food including items infused with palatability enhancers to improve taste and appeal.
The economic implications of this development are enormous. According to the American Pet Products Association, Americans spent USD 50.0 Billion on pet food and treats in 2021 with the figure expected to rise to USD 58.1 Billion by 2023. This large market size and growth rate indicate a high demand for items that improve the palatability of pet food. Furthermore, a poll conducted by the American Veterinary Medical Association (AVMA) discovered that pet owners are becoming increasingly concerned about their pet’s nutrition and well-being, with many prepared to pay extra for quality pet food. This consumer behavior is expected to fuel innovation in the feed palatability enhancers market, as producers attempt to meet the need for delectable, healthy pet food solutions that appeal to discerning pet owners and their cherished pets.
Competitive Landscape
The feed palatability enhancers market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the feed palatability enhancers market include
- DuPont
- Associated British Foods Plc
- Kerry Group Plc
- Symrise AG
- Adisseo France SAS
- Elanco Animal Health
- Kent Nutrition Group
- Kemin Industries, Inc.
- Diana Foods
Latest Developments
- In February 2023, Adisseo announced the acquisition of Nor-Food, a French-based firm that develops plant-based specialized ingredients and plant extracts for the animal nutrition market.
- In September 2023, BASF SE and Evonik Industries AG formed a partnership to improve the environmental impact of the animal feed manufacturing and animal protein industries. The collaboration combines BASF’s strong value chain sustainability experience in animal nutrition with Evonik’s vast expertise in feed formulation and customer insights.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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Study Period | 2021-2031 |
Growth Rate | CAGR of ~2.00% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Million |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | DuPont, Associated British Foods Plc, Kerry Group Plc, Symrise AG, Adisseo France SAS, Elanco Animal Health, Kent Nutrition Group, Kemin Industries, Inc., Diana Foods |
Customization | Report customization along with purchase available upon request |
Feed Palatability Enhancers Market, By Category
Type
- Natural Palatability Enhancers
- Synthetic Palatability Enhancers
Livestock
- Poultry
- Swine
- Ruminants
- Aquaculture
Application
- Feed Premix
- Base Mix
- Supplements
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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