Europe 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 | 5.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Feed Palatability Enhancers Market Analysis
The European feed palatability enhancers market is projected to register a CAGR of 5.2% during the forecast period (2020-2025). The utilization of feed palatability enhancers has increased the feed intake in animals. Increasing consumer awareness about the quality of meat, rising demand for animal feed, rising concern of the quality of pet food, and rise in global meat consumption are some of the major driving factors for the feed palatability enhancers market.
By type Flavour segment dominates the market, owing to its masking property of undesirable odor of feed ingredients. Some of the notable players are DuPont, Associated British Foods plc, Kerry Inc., Diana Group, Adisseo, Kemin Industries Inc., Ensign-Bickford Industries Inc., Kent Nutrition Group and others.
Europe Feed Palatability Enhancers Market Trends
This section covers the major market trends shaping the Europe Feed Palatability Enhancers Market according to our research experts:
Increasing Feed Production
Rising demand for food safety and mass production of meat is catching the attention of the feed additives manufacturers. Consumer awareness about the meat quality and increasing consumption of meat has created the demand for quality feed and in turn, drives the market for feed palatability enhancers. According to OECD, per capita, poultry meat consumption was 27.8 Kg in 2016 which increased to 28.3 Kg in 2019 in the United Kingdom. The growing meat consumption compels livestock producers to use quality feed for animals. This, in turn, drives the market for palatability enhancers to increase to feed uptake by the livestock. According to Alltech Feed Survey, in 2018, Spain produced 34.5 million metric tons of feed as compared to 31.8 million metric tons in 2016.
Flavor Segment Dominates the Market
In addition to adding a specific taste to the animal feed, flavors also have the property of masking the unpleasant odor in the feed. Flavoring agents can either be natural (such as garlic, anise, and black cumin) or artificial (such as fruit extracts and chemical products, including vanillin, and sodium glutamate). In normal animal diets, the flavors are included at levels ranging from 0.5-1.5% of feed volume. The heavy reliance of the animal feed industry on flavoring agents will likely ensure that the market for flavors grows at par with the animal feed market. Companies, such as Pestell in Germany, are coming up with other innovative flavors, like caramel toffee, coconut essence, fragrant apple, and peppermint twist, and this is further enhancing the flavors market.
Europe Feed Palatability Enhancers Industry Overview
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. 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, Associated British Foods plc, Ohly, Kerry Inc., Diana Group, Adisseo, and Kemin Industries Inc.
Europe Feed Palatability Enhancers Market Leaders
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Ohly
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Kerry Inc.
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Diana Group
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Adisseo
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Kemin Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
Europe 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 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
Europe 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 based on countries.
| Type | Flavors |
| Sweeteners | |
| Aroma Enhancers | |
| Animal Type | Ruminants |
| Poultry | |
| Swine | |
| Aquaculture | |
| Pet Food | |
| Other Animal Types | |
| Geography | United Kingdom |
| Spain | |
| Italy | |
| Germany | |
| France | |
| Russia | |
| Rest of Europe |
Europe Feed Palatability Enhancers Market Research FAQs
What is the current Europe Feed Palatability Enhancers Market size?
The Europe Feed Palatability Enhancers Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Europe Feed Palatability Enhancers Market?
Ohly, Kerry Inc., Diana Group, Adisseo and Kemin Industries, Inc. are the major companies operating in the Europe Feed Palatability Enhancers Market.
What years does this Europe Feed Palatability Enhancers Market cover?
The report covers the Europe Feed Palatability Enhancers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Feed Palatability Enhancers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Feed Palatability Enhancers Industry Report
Statistics for the 2024 Europe Feed Palatability Enhancers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe 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.
