Feed Taste Enhancers Global Market Report 2024

The feed taste enhancers market size has grown rapidly in recent years. It will grow from $2.84 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to factors such as environmental considerations, increased consumer demand for high-quality animal products, advancements in feed manufacturing processes, formulation tailored to specific animal species, and improvements in feed conversion ratios.

The feed taste enhancers market size is expected to see strong growth in the next few years. It will grow to $4.58 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to increased investments in research and development, the expanding aquaculture and pet food industries, a heightened focus on feed efficiency, changing consumer preferences, and a growing demand for functional feed additives. Major trends in the forecast period include the adoption of natural and organic solutions, an emphasis on palatability solutions, the application of microencapsulation technology, the development of personalized feed solutions, and ongoing research into animal behavior and preferences.

The increasing demand for animal feed is set to drive growth within the feed taste enhancers market. Animal feed constitutes the sustenance provided to domestic animals and encompasses various ingredients such as grains, soybeans, and hay. Feed taste enhancers aid in improving livestock health and making the feed more palatable. For example, the annual feed survey by Alltech in January 2022 reported a global feed production of 1.235 billion metric tons in 2021, showing a 2.3% increase from the previous year's 1.187 billion metric tons. This substantial rise in animal feed demand significantly contributes to the expanding feed taste enhancers market.

The surge in meat consumption is anticipated to fuel the growth of the feed taste enhancers market. With meat being a primary food source derived from livestock and poultry, enhancing its taste is pivotal for consumer appeal. Feed taste enhancers play a critical role in augmenting the savory attributes of meat, thereby appealing more to consumers. An OCED report in 2022 indicated that US meat consumption climbed to 10,191.61 thousand metric tons in 2021. This uptick in meat consumption significantly influences the expansion of the feed taste enhancers market.

Product innovation stands out as a primary trend gaining traction in the feed taste enhancer market. Key players in this sector are introducing innovative feed enhancer products to fortify their market positions. For instance, in November 2022, ADM, a US-based animal feed manufacturer, introduced two novel feed taste enhancer products - SUCRAM M'I Sweet and SUCRAM Specifeek, as part of its SUCRAM series. These innovations, designed as sweeteners, aim to improve the palatability of feed for young animals, particularly weanling pigs. By leveraging plant-based sweeteners as nutritional solutions, these products enable producers to enhance feed intake and efficiency while promoting overall animal health and well-being.

Major players in the feed taste enhancer market are emphasizing technological advancements, particularly in flavor enhancement technology. This technology involves the incorporation of compounds into food to augment or refine its natural taste. An instance of this is showcased by T. HASEGAWA, a Japan-based chemical company, with the launch of HASEAROM and ChefAroma in North America in June 2023. HASEAROMA's distinguishing feature is its patented research and enhancement technology, which provides genuine sweet and savory sensations, akin to the experience of savoring a freshly discovered meal with intricate and nuanced flavors. ChefAroma, another product from HASEAROMA, promises to deliver rich, intricate flavors reminiscent of culinary recipes, catering to chef-inspired tastes in a shorter timeframe. Notably, HASEAROMA's exclusive process and technology offer superior specificity compared to other compounded flavors.

In July 2022, Symrise AG, a Germany-based producer of flavors and feed taste enhancers, made an undisclosed acquisition of Wing Pet Food Co Ltd. Through this strategic move, Symrise AG aims to bolster its market presence by focusing on pet food palatability and feed enhancers. This acquisition serves to expedite Symrise AG's diversification initiatives, particularly in the domains of nutrition and food safety. Wing Pet Food Co Ltd., a China-based manufacturing entity, specializes in creating pet food palatability enhancer products, aligning with Symrise AG's strategic objectives.

Major companies operating in the feed taste enhancers market report are Associated British Foods PLC, Kerry Group plc, Symrise AG, Adisseo France SAS, Elanco Animal Health Incorporated, Kent Nutrition Group Inc, Kemin Industries Inc, Diana Food SAS, Tanke International Group Limited, Ensign-Bickford Industries Inc, DuPont de Nemours Inc, Solvay SA, Cargill Incorporated, Nutriad International NV, BASF SE, Agri-Flavors Inc, Alltech Inc, Archer Daniels Midland Company, BIOMIN Holding GmbH, Corbion NV, DSM NV, Flavorchem Corporation, Firmenich SA, Givaudan SA, Ingredion Incorporated, International Flavors & Fragrances Inc, Kalsec Inc, Mane SA, McCormick & Company Incorporated, Naturex SA, Norel Animal Nutrition, Origination O2D.

Asia-Pacific was the largest region in the feed taste enhancers market in 2023. The regions covered in the feed taste enhancers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the feed taste enhancers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of feed taste enhancers include flavors, sweeteners, and aroma enhancers. Flavors are substances added to food to supplement or enhance its natural taste, and they can be derived from natural or synthetic sources. These enhancers find application in various sectors, including poultry, swine, cattle, pets, aquaculture, and more.

The feed taste enhancers market research report is one of a series of new reports that provides feed taste enhancers market statistics, including feed taste enhancers industry global market size, regional shares, competitors with a feed taste enhancers market share, detailed feed taste enhancers market segments, market trends and opportunities, and any further data you may need to thrive in the feed taste enhancers industry. This feed taste enhancers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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