사료용 기호성 향상제 및 개량제 시장 예측(-2030년) : 유형별, 유래별, 형태별, 가축별, 지역별 세계 분석

According to Stratistics MRC, the Global Feed Palatability Enhancers & Modifiers Market is accounted for $3.1 billion in 2023 and is expected to reach $4.9 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Feed palatability enhancers and modifiers are additives used in animal nutrition to improve the taste, aroma, and overall acceptance of feed. They include natural and synthetic compounds that stimulate appetite, mask unpleasant odors or flavors, and promote consumption. These additives aim to increase feed intake and ensure animals receive adequate nutrition for optimal health and performance.

According to the Food and Agriculture Organization (FAO) of the United Nations, global meat production is projected to increase by 12% by 2029, reaching 366 million tonnes.

Market Dynamics:

Driver:

Rising demand for meat and dairy products

As the world population grows and disposable incomes rise, particularly in developing countries, the consumption of animal-derived products is on the rise. To meet this growing demand, livestock producers are focusing on improving animal productivity and efficiency. Feed palatability enhancers and modifiers play a crucial role in ensuring that animals consume the necessary nutrients for optimal growth and health, thereby contributing to the increased production of meat and dairy products.

Restraint:

High costs

The high costs associated with feed palatability enhancers and modifiers act as a restraint on the market's growth. These additives are often specialized and require significant research and development efforts, leading to higher prices compared to traditional feed ingredients. The additional cost of incorporating these enhancers and modifiers into animal feed can be a barrier for some livestock producers, particularly those operating on tight profit margins. The reluctance to invest in these additives due to cost concerns can limit the widespread adoption of feed palatability enhancers and modifiers, thereby restraining the market's growth potential.

Opportunity:

Focus on natural and sustainable solutions

Consumers are increasingly concerned about the use of artificial additives and the environmental impact of livestock production. This shift in consumer preferences is driving the demand for natural and eco-friendly feed additives. Manufacturers who can develop and offer natural palatability enhancers and modifiers that align with sustainable production practices can tap into this growing market opportunity and differentiate themselves from competitors.

Threat:

Volatility in raw material prices

Many of these additives are derived from natural sources, such as plant extracts and essential oils, which are subject to price fluctuations based on factors like weather conditions, crop yields, and supply chain disruptions. The unpredictable nature of raw material prices can impact the profitability of manufacturers and the affordability of these additives for livestock producers, limiting the growth of the market.

Covid-19 Impact:

The COVID-19 pandemic has had a mixed impact on the feed palatability enhancers & modifiers market. While the overall demand for animal feed remained relatively stable, the pandemic disrupted supply chains and caused delays in product delivery. However, the increased focus on animal health and immunity during the pandemic has highlighted the importance of feed additives that support optimal nutrition and well-being, potentially driving the adoption of palatability enhancers and modifiers in the long term.

The flavors & sweeteners segment is expected to be the largest during the forecast period

The flavors & sweeteners segment is expected to hold the largest share in the feed palatability enhancers & modifiers market during the forecast period. Flavors and sweeteners are widely used to improve the taste and aroma of animal feed, making it more appealing to livestock. The increasing demand for these additives is driven by the need to ensure consistent feed intake and prevent feed wastage. As livestock producers seek to optimize animal nutrition and productivity, the use of flavors and sweeteners becomes more prevalent, contributing to the segment's dominant position in the market.

The aquaculture segment is expected to have the highest CAGR during the forecast period

The aquaculture segment is projected to experience the highest CAGR during the forecast period in the feed palatability enhancers & modifiers market. The rapid growth of the aquaculture industry, driven by the increasing global demand for fish and seafood, is fueling the adoption of feed palatability enhancers and modifiers in this sector. Aquaculture feed formulations often require specific palatability profiles to ensure optimal feed intake and growth in various fish and shrimp species. The development of specialized palatability enhancers and modifiers tailored to the needs of the aquaculture industry is expected to drive the high growth rate of this segment.

Region with largest share:

The Asia Pacific region is expected to hold the largest share in the feed palatability enhancers & modifiers market. The region is home to some of the world's largest livestock and aquaculture producers, particularly in countries like China, India, and Indonesia. The growing population, rising disposable incomes, and changing dietary preferences in the region are driving the demand for animal-derived products, which in turn fuels the need for feed palatability enhancers and modifiers. Additionally, the increasing focus on animal health and productivity in the region's livestock industry further contributes to the dominant position of the Asia Pacific market.

Region with highest CAGR:

The Asia Pacific region is expected to exhibit the highest CAGR during the forecast period. The rapid expansion of the livestock and aquaculture sectors in the region, coupled with the adoption of advanced animal nutrition practices, is driving the growth of the market. Governments in the region are investing in the development of the animal feed industry, supporting research and innovation in feed additives. As the demand for high-quality animal-derived products continues to rise in the Asia Pacific region, the market for feed palatability enhancers and modifiers is expected to grow at the highest rate.

Key players in the market

Some of the key players in Feed Palatability Enhancers & Modifiers Market include AFB International, Alltech, Inc., Archer Daniels Midland Company (ADM), Associated British Foods plc, BASF SE, Bentoli, Inc., BIOMIN Holding GmbH, Cargill, Incorporated, Chr. Hansen Holding A/S, Kemin Industries, Inc., Kerry Group plc, Koninklijke DSM N.V., Novozymes A/S, Nutreco N.V., Pancosma SA, Perstorp Holding AB, Prinova Group LLC and Volac International Limited.

Key Developments:

In June 2023, Evonik Industries AG introduced its Biolys range for animal feeds. The enhanced Biolys offers a higher concentration of L-lysine, along with valuable components derived from its fermentation process, providing additional nutrients and energy beneficial for livestock such as swine or poultry.

In November 2022, DSM commenced the construction of a large-scale production facility for its innovative feed additives designed for ruminants in Scotland. This expansion of DSM-Firmenich's Dalry site has received support from the Scottish Government through Scottish Enterprise, the national agency fostering economic development and innovation.

Types Covered:

• Flavors & Sweeteners
• Appetizers & Attractants
• Texturants & & Binders
• Other Types

Sources Covered:

• Natural
• Synthetic

Forms Covered:

• Dry
• Liquid

Livestocks Covered:

• Aquaculture
• Poultry
• Ruminants
• Swine
• Other Livestocks

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Emerging Markets
• 3.7 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Feed Palatability Enhancers & Modifiers Market, By Type

• 5.1 Introduction
• 5.2 Flavors & Sweeteners
• 5.3 Appetizers & Attractants
• 5.4 Texturants & & Binders
• 5.5 Other Types

6 Global Feed Palatability Enhancers & Modifiers Market, By Source

• 6.1 Introduction
• 6.2 Natural
• 6.3 Synthetic

7 Global Feed Palatability Enhancers & Modifiers Market, By Form

• 7.1 Introduction
• 7.2 Dry
• 7.3 Liquid

8 Global Feed Palatability Enhancers & Modifiers Market, By Livestock

• 8.1 Introduction
• 8.2 Aquaculture
• 8.3 Poultry
• 8.4 Ruminants
• 8.5 Swine
• 8.6 Other Livestock

9 Global Feed Palatability Enhancers & Modifiers Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 AFB International
• 11.2 Alltech, Inc.
• 11.3 Archer Daniels Midland Company (ADM)
• 11.4 Associated British Foods plc
• 11.5 BASF SE
• 11.6 Bentoli, Inc.
• 11.7 BIOMIN Holding GmbH
• 11.8 Cargill, Incorporated
• 11.9 Chr. Hansen Holding A/S
• 11.10 Kemin Industries, Inc.
• 11.11 Kerry Group plc
• 11.12 Koninklijke DSM N.V.
• 11.13 Novozymes A/S
• 11.14 Nutreco N.V.
• 11.15 Pancosma SA
• 11.16 Perstorp Holding AB
• 11.17 Prinova Group LLC
• 11.18 Volac International Limited