Global Feed Taste Enhancers Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	200 Pages	DataM Intelligence 4Market Research LLP	April, 2023	DTAM17852946

Best Price Guarantee
Price	from $4,350
Length	200 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	April, 2023
SKU	DTAM17852946

Global Feed Taste Enhancers Market - 2023-2030

Market Overview

The global feed taste enhancers market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 4.5% during the forecast period (2023-2030).

Feed taste enhancers are additives that are used to improve the taste and palatability of animal feed. These taste enhancers are typically added to feed in small amounts to make it more appealing to animals and to increase their feed intake. Some common taste enhancers used in animal feed include molasses, salt, yeast, amino acids, vegetable oil, flavoring agents, etc. Adding taste enhancers to animal feed can make it more appealing to animals, which can improve their overall feed intake. This is especially important for young or sick animals that may have a decreased appetite. It is important to note that taste enhancers should be used in moderation and with caution, as excessive use may lead to health issues for animals.

Market Dynamics

Rising demand for animal-based products is a key driver for the animal feed taste enhancers market

As the global population continues to grow and incomes rise, the demand for animal-based products such as meat, dairy, and eggs is increasing.For instance, according to OECD, the global meat consumption is predicted to increase by 14% by 2030 in comparison to the base period average of 2018-2020. Hence, the demand for taste enhancers to improve palatability and consumption of feed by animals is also increasing. Feed taste enhancers play a crucial role in enhancing the taste, and palatability of animal feed, which can increase the feed intake of animals and improve their overall health and productivity. This is especially important for livestock animals that are raised for meat, egg, and dairy production. Overall, the demand for animal-based products boosts the growth of the feed taste enhancers market by improving the taste and palatability of animal feed.

Consumer skepticism regarding the feed taste enhancers hamper the growth of the feed taste enhancers market

Consumer skepticism has a significant impact on the feed taste enhancers market as it can restrain demand for such products. One of the primary reasons for consumer skepticism towards animal taste enhancers is health concerns. Consumers feel hesitant to feed their animals with products that contain artificial flavors or additives due to the potential health risks associated with them. Consumers are often skeptical about the quality and effectiveness of animal feed taste enhancers. They question whether these products actually improve the taste of feed and whether they are worth the cost. Some consumers are concerned about the use of feed taste enhancers from an ethical standpoint. They believe that these products are not so necessary for the well-being of animals and that they may contribute to the industrialization of animal farming. Overall, consumer skepticism leads to a decrease in demand for feed taste enhancers, which will hamper the growth of the feed taste enhancers market during the forecast period.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global feed taste enhancers market is segmented based on product type, source, application, and region.

The increasing demand for the poultry meat

Based on application, the feed taste enhancers market is classified into poultry, swine, cattle, pets, aquaculture, and others. In 2022, poultry held the highest share in the feed taste enhancers market. In many countries, poultry is the most consumed meat, leading to high demand for poultry feed and subsequently, for poultry feed taste enhancers. The poultry industry is highly competitive, and farmers are always looking for ways to differentiate their products. The use of taste enhancers can be a way for farmers to produce meat that is more flavorful and appealing to consumers, giving them an edge in the market. Hence, the high demand for poultry meat has resulted in the poultry segment having the highest share in the feed taste enhancers market.

Geographical Analysis

The large-scale animal agriculture industry, fuel the growth of feed taste enhancers market in North America region

North America has a significant animal agriculture industry, with a high demand for feed taste enhancers to improve the palatability of feed and promote healthy animal growth. According to Commission for Environment Cooperation, in North America there are approximately 106 million beef cattle which represents 12% of the world’s cattle inventory. This leads to a high demand for animal feed with taste enhancers to improve palatability and promote healthy growth of animals. North America is known for it’s advanced farming practices, including the use of modern technology, genetics, and animal nutrition. This leads to a higher demand for animal feed that has been enhanced with taste enhancers to maximize the potential of the animals. Hence, the large animal agriculture industry in North America regions has helped it to have the highest share in the feed taste enhancers market.

Competitive Landscape

The major global players in the market include British Foods Plc., Symrise AG, Kerry Group Plc, Adisseo France SAS, Kent Feeds Inc., Diana Foods SAS, Elanco Animal Health, Kemin Industries Inc., BASF SE, DuPont de Nemours Inc.

Why Purchase the Report?

• To visualize the global feed taste enhancers market segmentation based on product type, source, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed taste enhancers market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global feed taste enhancers market report would provide approximately 61 tables, 57 figures, and 200 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Snippet by Product Type; 3.2. Snippet by Source; 3.3. Snippet by Application; 3.4. Snippet by Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. Rising demand for animal-based products; 4.1.2. Restraints; 4.1.2.1. Consumer skepticism about the use of feed taste enhancers; 4.1.3. Opportunity; 4.1.3.1. Increasing focus on animal health and performance; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Forces Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Before COVID-19 Scenario; 6.1.2. Present COVID-19 Scenario; 6.1.3. Post COVID-19 or Future Scenario; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During Pandemic; 6.5. Manufacturers Strategic Initiatives; 6.6. Conclusion
7. By Product Type: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 7.1.2. Market Attractiveness Index, By Product Type; 7.2. Flavors*; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.3. Sweeteners; 7.4. Aroma
8. By Source: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source; 8.1.2. Market Attractiveness Index, By Source; 8.2. Natural*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. Synthetic
9. By Application: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 9.1.2. Market Attractiveness Index, By Application; 9.2. Poultry*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Swine; 9.4. Cattle; 9.5. Pets; 9.6. Aquaculture; 9.7. Others
10. By Region: 10.1. Introduction; 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 10.1.2. Market Attractiveness Index, By Region; 10.2. North America; 10.2.1. Introduction; 10.2.2. Key Region-Specific Dynamics; 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source; 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.2.6.1. U.S.; 10.2.6.2. Canada; 10.2.6.3. Mexico; 10.3. Europe; 10.3.1. Introduction; 10.3.2. Key Region-Specific Dynamics; 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source; 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.3.6.1. Germany; 10.3.6.2. UK; 10.3.6.3. France; 10.3.6.4. Italy; 10.3.6.5. Spain; 10.3.6.6. Rest of Europe; 10.4. South America; 10.4.1. Introduction; 10.4.2. Key Region-Specific Dynamics; 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source; 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.4.6.1. Brazil; 10.4.6.2. Argentina; 10.4.6.3. Rest of South America; 10.5. Asia-Pacific; 10.5.1. Introduction; 10.5.2. Key Region-Specific Dynamics; 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source; 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.5.6.1. China; 10.5.6.2. India; 10.5.6.3. Japan; 10.5.6.4. Australia; 10.5.6.5. Rest of Asia-Pacific; 10.6. Middle East and Africa; 10.6.1. Introduction; 10.6.2. Key Region-Specific Dynamics; 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source; 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11. Competitive Landscape: 11.1. Competitive Scenario; 11.2. Market Positioning/Share Analysis; 11.3. Mergers and Acquisitions Analysis
12. Company Profiles: 12.1. British Foods Plc.*; 12.1.1. Company Overview; 12.1.2. Product Portfolio and Description; 12.1.3. Financial Overview; 12.1.4. Key Developments; 12.2. Symrise AG; 12.3. Kerry Group Ple; 12.4. Adisseo France SAS; 12.5. Kent Feeds Inc.; 12.6. Diana Foods SAS; 12.7. Elanco Animal Health; 12.8. Kemin Industries Inc.; 12.9. BASF SE; 12.10. Dupont de Nemours Inc.; LIST NOT EXHAUSTIVE
13. Appendix: 13.1. About Us and Services; 13.2. Contact Us