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Feed Palatability Enhancers Market Share

Report ID: GMI8126
Published Date: Feb 2024
Report Format: PDF

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Feed Palatability Enhancers Market Share

Feed Palatability Enhancer Company Market Share Analysis, 2023

The global Feed palatability enhancers industry is highly fragmented owing to the presence of several market players. Major companies operating in the market are DuPont, Associated British Foods plc, Kerry Inc., Solvay and Symrise AG account for over 40% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.

Competition ranges from premium pricing by established players with strong brands to cost-effective offerings by regional and emerging players. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.

Feed palatability enhancers market Companies

Major players operating in the Global Feed palatability enhancers industry include:

DuPont de Nemours Inc.
Associated British Foods plc
Kerry Inc.
Symrise AG
Adisseo
Elanco
Ensign-Bickford Industries Inc.
Kent Nutrition Group
Diana Foods
Tanke International Group
Solvay
Kemin Industries Inc.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global feed palatability enhancers industry was valued at USD 3,610 Million in 2023 and is anticipated to register over 3.4% CAGR between 2024 and 2032 owing to the increasing adoption of innovative feed additives.

The flavors segment dominated the overall market with an estimated revenue of USD 1,537.5 million in 2023 and will grow significantly through 2032 owing to their ability to mask unpleasant tastes and imitate preferred flavors, catering to various animal species.

China feed palatability enhancers industry revenue was USD 662.1 million in 2023 and will grow significantly through 2032 owing to booming animal feed production, with feed palatability enhancers being widely used to improve feed digestibility and flavor.

DuPont de Nemours Inc., Associated British Foods plc, Kerry Inc., Symrise AG, Adisseo, Elanco, Ensign-Bickford Industries Inc., Kent Nutrition Group, Diana Foods, Tanke International Group, Solvay, and Kemin Industries Inc.