APAC Feed Palatability Enhancers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Feed Palatability Enhancers Market Analysis
The Asia-Pacific feed palatability enhancers market is projected to register a CAGR of 5.7% during the forecast period (2020-2025). Increasing meat consumption is driving the feed palatability enhancers market. The demand for high-quality meat and meat products from health-conscious consumers, growing commercial production of livestock and increasing concern about animal health are further driving the market. The market for feed palatability enhancers is highly fragmented with the presence of key international players and many small players competing in the market. Companies like Associated British Foods plc (Ohly) Kerry Inc., Diana Group, Kemin Industries, Inc., Adisseo, and Ensign-Bickford Industries Inc. are some of the leading players in the market
APAC Feed Palatability Enhancers Market Trends
This section covers the major market trends shaping the APAC Feed Palatability Enhancers Market according to our research experts:
Increasing Meat Consumption Driving the Market
Consumer awareness about the meat quality and increasing consumption of meat has created the demand for quality feed. This rising protein-rich meat consumption makes the use of feed additives such as palatability enhancers inevitable to enhance the quality of the meat. According to the Organisation for Economic Co-operation and Development (OECD), in 2016, Chinese per capita poultry meat consumption was 11.6kg and it has seen a steady growth to reach 12.1Kg per capita consumption in 2019. Chinese pig meat consumption is declining due to the recent disease outbreak while poultry meat consumption is increasing. The pig meat consumption in 2019 declined to 29.3kg which was 30.4 kg in 2018. This will enhance the inclusion of feed additives which will, in turn, drive the market for palatability enhancers to increase the feed intake.
Increasing Feed Production
Growing consumption of meat and animal-sourced products has driven commercial livestock production. Significant enhancements in yields of animal products have been possible even with reducing or stagnant animal headcounts. For instance, in India, milk production increased to 83.6 metric tons in 2017 which was 78.1metric tons in 2016. while the cattle population reduced to 185.1 million in 2017 as against 186 million in 2016, according to FAO. The growing demand for livestock products has been driving significant changes on the supply side that are aimed at improving livestock product yields. According to Alltech Feed Survey, in 2018, India produced 38.7 million metric tons of feed as against 31.3 million metric tons in 2016. The unpleasant additives and supplements effects in livestock feed are masked with the help of palatability enhancers, thereby augmenting the feed intake in animals.
APAC Feed Palatability Enhancers Industry Overview
The market for feed palatability enhancers is highly fragmented with the presence of key international players and many small players competing in the market. Some of the notable players are DuPont de Nemours, Inc., Kemin Industries, Inc. Associated British Foods plc, Kerry Inc., Symrise, Adisseo, Elanco, Tanke International Group, and others. The most adopted strategies for these companies are mergers and acquisitions, and time to time collaborations for investments in new product developments and research enhancement. In April 2018, Kemin Industries, Inc. launched PALASURANCE® P Series, a plant-based solution for palatability in the Asia Pacific. This move is an extension of the flagship brand for all types of pet food, addresses the increased consumer demand for pet food products.
APAC Feed Palatability Enhancers Market Leaders
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Diana Group
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Kemin Industries, Inc.
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Kerry Inc
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Tanke International Group
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Ohly
*Disclaimer: Major Players sorted in no particular order
APAC Feed Palatability Enhancers Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Force Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Flavors
- 5.1.2 Sweeteners
- 5.1.3 Aroma Enhancers
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5.2 Animal Type
- 5.2.1 Ruminants
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Aquaculture
- 5.2.5 Pet Food
- 5.2.6 Horses
- 5.2.7 Other Animal Types
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5.3 Geography
- 5.3.1 United Kingdom
- 5.3.2 Spain
- 5.3.3 Italy
- 5.3.4 Germany
- 5.3.5 France
- 5.3.6 Russia
- 5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Competitor Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Diana Group
- 6.3.2 Kerry Group plc
- 6.3.3 Adisseo
- 6.3.4 Ensign-Bickford Industries Inc.
- 6.3.5 Kent Nutrition Group
- 6.3.6 Kemin Industries, Inc.
- 6.3.7 Ohly
- 6.3.8 Tanke International Group
- 6.3.9 DuPont
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
APAC Feed Palatability Enhancers Industry Segmentation
Palatability enhancers are very important for enhancing the desirability of feed intake by enhancing the taste, aroma, and texture, thus making the feed more palatable. The demand for feed palatability enhancers is estimated to increase rapidly over the coming years. The scope of the global feed palatability enhancers report covers segmentation by type into flavors, sweeteners, and aroma enhancers and various types of animals including livestock and pets. Additionally, the report includes a segmentation analysis of countries.
| Type | Flavors |
| Sweeteners | |
| Aroma Enhancers | |
| Animal Type | Ruminants |
| Poultry | |
| Swine | |
| Aquaculture | |
| Pet Food | |
| Horses | |
| Other Animal Types | |
| Geography | United Kingdom |
| Spain | |
| Italy | |
| Germany | |
| France | |
| Russia | |
| Rest of Europe |
APAC Feed Palatability Enhancers Market Research FAQs
What is the current Asia-Pacific Feed Palatability Enhancers Market size?
The Asia-Pacific Feed Palatability Enhancers Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Feed Palatability Enhancers Market?
Diana Group, Kemin Industries, Inc., Kerry Inc, Tanke International Group and Ohly are the major companies operating in the Asia-Pacific Feed Palatability Enhancers Market.
What years does this Asia-Pacific Feed Palatability Enhancers Market cover?
The report covers the Asia-Pacific Feed Palatability Enhancers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Feed Palatability Enhancers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Feed Palatability Enhancers Industry Report
Statistics for the 2024 Asia-Pacific Feed Palatability Enhancers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Feed Palatability Enhancers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
