Worldwide Feed Palatability Enhancers Market Share, Growth, Key Players and CAGR of 4% Foresight to 2024

Research Reports

Jan 22, 2021

Market Overview

Feed palatability enhancers are added to livestock food formulation to enhance the taste, texture, and aroma of the feed. They help to improve the quality of the feed which contributes to increased feed intake among the livestock. The most commonly added feed palatability ingredients include flavors, sweeteners, aroma enhancers, and others. They contribute towards improved animal health and reduce the livestock diseases which further helps in quality of products derived from livestock. Growing livestock industry is driving the market for feed palatability enhancers.

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Major Key Players

Kerry Group PLC (Republic of Ireland)
Eli Lilly and Company (U.S.)
Kent Feeds Inc. (U.S.)
DuPont (U.S.)
Associated British Foods PLC (U.K)
Diana Group (France) and
Ensign-Bickford Industries Inc. (U.S.)

Downstream Analysis

Feed palatability enhancers market is segmented by types such as flavors, sweeteners, aroma enhancers, and others. Among all, the flavors segment is anticipated to be the fastest growing segment followed by the aroma segment over the forecast period.

Regional Analysis

The global Feed Palatability Enhancers Market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific is dominating the feed palatability enhancers market followed by North America. In Asia Pacific, rising population followed by increasing consumption of livestock in developing countries of Asia Pacific is boosting the feed palatability enhancers market. Moreover, China is experiencing rising trend in having pets which are growing the demand for feed palatability enhancers in pet foods in this region.

In North America, the U.S. is dominating the market owing to increasing demand for meat products. Moreover, rising demand for poultry and swine products in Europe will boost the feed supplement market. Additionally, Brazil and the Middle-East regions are witnessing growth owing to increase in demand for protein intake from swine and poultry applications.

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