Feed Taste Enhancers Global Market Report 2024

Description

“Feed Taste Enhancers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on feed taste enhancers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for feed taste enhancers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The feed taste enhancers market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Flavors; Sweeteners; Aroma Enhancers
2) By Source: Natural; Synthetic
3) By Application: Poultry; Swine; Cattle; Pets; Aquaculture; Other Applications
Companies Mentioned: Associated British Foods PLC; Kerry Group plc; Symrise AG; Adisseo France SAS; Elanco Animal Health Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Feed taste enhancers are additives incorporated into animal feed to enhance its taste and palatability, thereby improving the animal's appetite and overall well-being.

The main types of feed taste enhancers include flavors, sweeteners, and aroma enhancers. Flavors are substances added to food to supplement or enhance its natural taste, and they can be derived from natural or synthetic sources. These enhancers find application in various sectors, including poultry, swine, cattle, pets, aquaculture, and more.

The feed taste enhancers market research report is one of a series of new reports from The Business Research Company that provides feed taste enhancers market statistics, including feed taste enhancers industry global market size, regional shares, competitors with a feed taste enhancers market share, detailed feed taste enhancers market segments, market trends and opportunities, and any further data you may need to thrive in the feed taste enhancers industry. This feed taste enhancers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The feed taste enhancers market size has grown rapidly in recent years. It will grow from $2.84 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to factors such as environmental considerations, increased consumer demand for high-quality animal products, advancements in feed manufacturing processes, formulation tailored to specific animal species, and improvements in feed conversion ratios.

The feed taste enhancers market size is expected to see strong growth in the next few years. It will grow to $4.58 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to increased investments in research and development, the expanding aquaculture and pet food industries, a heightened focus on feed efficiency, changing consumer preferences, and a growing demand for functional feed additives. Major trends in the forecast period include the adoption of natural and organic solutions, an emphasis on palatability solutions, the application of microencapsulation technology, the development of personalized feed solutions, and ongoing research into animal behavior and preferences.

The increasing demand for animal feed is set to drive growth within the feed taste enhancers market. Animal feed constitutes the sustenance provided to domestic animals and encompasses various ingredients such as grains, soybeans, and hay. Feed taste enhancers aid in improving livestock health and making the feed more palatable. For example, the annual feed survey by Alltech in January 2022 reported a global feed production of 1.235 billion metric tons in 2021, showing a 2.3% increase from the previous year's 1.187 billion metric tons. This substantial rise in animal feed demand significantly contributes to the expanding feed taste enhancers market.

The surge in meat consumption is anticipated to fuel the growth of the feed taste enhancers market. With meat being a primary food source derived from livestock and poultry, enhancing its taste is pivotal for consumer appeal. Feed taste enhancers play a critical role in augmenting the savory attributes of meat, thereby appealing more to consumers. An OCED report in 2022 indicated that US meat consumption climbed to 10,191.61 thousand metric tons in 2021. This uptick in meat consumption significantly influences the expansion of the feed taste enhancers market.

Product innovation stands out as a primary trend gaining traction in the feed taste enhancer market. Key players in this sector are introducing innovative feed enhancer products to fortify their market positions. For instance, in November 2022, ADM, a US-based animal feed manufacturer, introduced two novel feed taste enhancer products - SUCRAM M'I Sweet and SUCRAM Specifeek, as part of its SUCRAM series. These innovations, designed as sweeteners, aim to improve the palatability of feed for young animals, particularly weanling pigs. By leveraging plant-based sweeteners as nutritional solutions, these products enable producers to enhance feed intake and efficiency while promoting overall animal health and well-being.

Major players in the feed taste enhancer market are emphasizing technological advancements, particularly in flavor enhancement technology. This technology involves the incorporation of compounds into food to augment or refine its natural taste. An instance of this is showcased by T. HASEGAWA, a Japan-based chemical company, with the launch of HASEAROM and ChefAroma in North America in June 2023. HASEAROMA's distinguishing feature is its patented research and enhancement technology, which provides genuine sweet and savory sensations, akin to the experience of savoring a freshly discovered meal with intricate and nuanced flavors. ChefAroma, another product from HASEAROMA, promises to deliver rich, intricate flavors reminiscent of culinary recipes, catering to chef-inspired tastes in a shorter timeframe. Notably, HASEAROMA's exclusive process and technology offer superior specificity compared to other compounded flavors.

In July 2022, Symrise AG, a Germany-based producer of flavors and feed taste enhancers, made an undisclosed acquisition of Wing Pet Food Co Ltd. Through this strategic move, Symrise AG aims to bolster its market presence by focusing on pet food palatability and feed enhancers. This acquisition serves to expedite Symrise AG's diversification initiatives, particularly in the domains of nutrition and food safety. Wing Pet Food Co Ltd., a China-based manufacturing entity, specializes in creating pet food palatability enhancer products, aligning with Symrise AG's strategic objectives.

Major companies operating in the feed taste enhancers market report are Associated British Foods PLC, Kerry Group plc, Symrise AG, Adisseo France SAS, Elanco Animal Health Incorporated, Kent Nutrition Group Inc, Kemin Industries Inc, Diana Food SAS, Tanke International Group Limited, Ensign-Bickford Industries Inc, DuPont de Nemours Inc, Solvay SA, Cargill Incorporated, Nutriad International NV, BASF SE, Agri-Flavors Inc, Alltech Inc, Archer Daniels Midland Company, BIOMIN Holding GmbH, Corbion NV, DSM NV, Flavorchem Corporation, Firmenich SA, Givaudan SA, Ingredion Incorporated, International Flavors & Fragrances Inc, Kalsec Inc, Mane SA, McCormick & Company Incorporated, Naturex SA, Norel Animal Nutrition, Origination O2D .

Asia-Pacific was the largest region in the feed taste enhancers market in 2023. The regions covered in the feed taste enhancers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the feed taste enhancers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The feed taste enhancers market consists of sales of artificial sweeteners and food additives used to improve feed taste. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10944

1. Executive Summary

2. Feed Taste Enhancers Market Characteristics

3. Feed Taste Enhancers Market Trends And Strategies

4. Feed Taste Enhancers Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Feed Taste Enhancers Market Size and Growth

5.1. Global Feed Taste Enhancers Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Feed Taste Enhancers Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Feed Taste Enhancers Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Feed Taste Enhancers Market Segmentation

6.1. Global Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Flavors
Sweeteners
Aroma Enhancers
6.2. Global Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Natural
Synthetic
6.3. Global Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Poultry
Swine
Cattle
Pets
Aquaculture
Other Applications

7. Feed Taste Enhancers Market Regional And Country Analysis

7.1. Global Feed Taste Enhancers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Feed Taste Enhancers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Feed Taste Enhancers Market

8.1. Asia-Pacific Feed Taste Enhancers Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Feed Taste Enhancers Market

9.1. China Feed Taste Enhancers Market Overview
9.2. China Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Feed Taste Enhancers Market

10.1. India Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Feed Taste Enhancers Market

11.1. Japan Feed Taste Enhancers Market Overview
11.2. Japan Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Feed Taste Enhancers Market

12.1. Australia Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Feed Taste Enhancers Market

13.1. Indonesia Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Feed Taste Enhancers Market

14.1. South Korea Feed Taste Enhancers Market Overview
14.2. South Korea Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Feed Taste Enhancers Market

15.1. Western Europe Feed Taste Enhancers Market Overview
15.2. Western Europe Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Feed Taste Enhancers Market

16.1. UK Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Feed Taste Enhancers Market

17.1. Germany Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Feed Taste Enhancers Market

18.1. France Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Feed Taste Enhancers Market

19.1. Italy Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Feed Taste Enhancers Market

20.1. Spain Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Feed Taste Enhancers Market

21.1. Eastern Europe Feed Taste Enhancers Market Overview
21.2. Eastern Europe Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Feed Taste Enhancers Market

22.1. Russia Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Feed Taste Enhancers Market

23.1. North America Feed Taste Enhancers Market Overview
23.2. North America Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Feed Taste Enhancers Market

24.1. USA Feed Taste Enhancers Market Overview
24.2. USA Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Feed Taste Enhancers Market

25.1. Canada Feed Taste Enhancers Market Overview
25.2. Canada Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Feed Taste Enhancers Market

26.1. South America Feed Taste Enhancers Market Overview
26.2. South America Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Feed Taste Enhancers Market

27.1. Brazil Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Feed Taste Enhancers Market

28.1. Middle East Feed Taste Enhancers Market Overview
28.2. Middle East Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Feed Taste Enhancers Market

29.1. Africa Feed Taste Enhancers Market Overview
29.2. Africa Feed Taste Enhancers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Feed Taste Enhancers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Feed Taste Enhancers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Feed Taste Enhancers Market Competitive Landscape And Company Profiles

30.1. Feed Taste Enhancers Market Competitive Landscape
30.2. Feed Taste Enhancers Market Company Profiles
- 30.2.1. Associated British Foods PLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Kerry Group plc
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Symrise AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Adisseo France SAS
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Elanco Animal Health Incorporated
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Feed Taste Enhancers Market Competitive Benchmarking

32. Global Feed Taste Enhancers Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Feed Taste Enhancers Market

34. Feed Taste Enhancers Market Future Outlook and Potential Analysis

34.1 Feed Taste Enhancers Market In 2028 - Countries Offering Most New Opportunities
34.2 Feed Taste Enhancers Market In 2028 - Segments Offering Most New Opportunities
34.3 Feed Taste Enhancers Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer