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Feed Palatability Enhancers Market Trends

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

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Feed Palatability Enhancers Market Trends

The market has been experiencing significant growth trends driven by several factors. Increasing focus is witnessed on improving animal nutrition and performance in the livestock and pet industries. Palatability enhancers play a crucial role in ensuring that animals consume an adequate amount of feed, leading to better growth rates, higher feed conversion efficiency, and overall improved health. As such, the demand for feed palatability enhancers is growing steadily across various livestock sectors, including poultry, swine, ruminants, aquaculture, and others.

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.