Feed Palatability Enhancers Modifiers Market Size is anticipated to reach USD 3.64 Billion by 2030, registering a CAGR of 3.62% during 2022-2030
Global meat consumption is increasing quickly, with health-conscious customers preferring high-quality meat and meat products, attracting the attention of makers of feed additives such as flavors, sweeteners, and restaurants, fueling the expansion of the Feed Palatability Enhancers Market. Dietary inclusion has a good influence on animal health because it is combined with other nutritional feed additives that aid in the proliferation of indigenous lactic acid bacteria, activating the immunological response to illnesses. Feed palatability enhancers and modifiers have gained a good position in feed supplements because the bitter taste of minerals, vitamins, and other medicines can be minimized by adding palatability enhancers to animal feed. It will increase animal feed intake and improve health, boosting the market in the coming years.
COVID-19 has had a negative effect on livestock production and consumption. This effect is eventually filtered out in the feed industry, including the market, to improve feed taste. Companies in this sector also faced difficulties due to production constraints and supply chain problems. However, the sector is expected to reach pre-covid demand and production levels shortly if no further outbreaks disrupt the market.
The rising meat consumption is driving the market for palatable foods worldwide. The demand for high-quality meat and meat products from health-conscious consumers is also fueling the demand. Flavor enhancers are very important in increasing the attractiveness of food consumption by improving taste, aroma and texture, which makes the food more palatable. It is estimated that the demand for pet food flavor enhancers will increase rapidly in the coming years.
The worldwide Feed Palatability Enhancers Modifiers Market is divided into Type and Application segments.
Based on type:
● Aroma Enhancers
Based on application:
● Other Animal Types
The global dietary supplements market is segmented geographically into Asia-Pacific, Europe, North America, and the Rest of the World.
The Asia-Pacific region is the largest market for feed palatability enhancers, accounting for a sizable portion of the overall market. The region's expanding consumer awareness of high-quality feed and pet food has increased demand for feed palatability enhancers research . Furthermore, rising meat costs caused by disease outbreaks such as African Swine Fever have prompted producers to increase regional earnings, bolstering the feed palatability enhancers industry. Rising income levels in emerging nations such as India and China are increasing pet ownership, healthcare, and expenditure, propelling the feed palatability enhancers industry.
Furthermore, the European region's animal Feed Palatability Enhancers Modifiers Market reports has been rather stagnant in recent years due to rigorous laws and issues such as the cost and productivity of animal feed, which has been the main factor in hindering its growth.
Symrise AG launched a new line of innovative goods (Extrapal line) produced from patented protein hydrolysates in 2020. These palatability enhancers have a high degree of hydrolysis, resulting in a high concentration of free amino acids and particular peptides mixed with chosen components that have been shown to improve the palatability performance of carnivorous feeds.
Kerry Inc. will offer Kerry PurePal in 2020, a unique plant-based technology that provides the scent pet owners desire and the palatability performance that pet food makers anticipate.
• Tanke International Group
• Pancosma SA
• Phytobiotics Futterzusatzstoffe GmbH
• Prinova Group LLC
• Nutriad International NV
• Ensign-Bickford Industries Inc.
• Grupo Ferrer Internacional S.
• Kemin Industries
• Solvay S.
• Kerry Group
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