North America Feed Palatability Enhancers And Modifiers Market

North America Feed Palatability Enhancers And Modifiers Market Size (2024 to 2032)

The North America feed palatability enhancers & modifiers market was valued at USD 747.82 million in 2023 and is anticipated to reach USD 784.21 million in 2024 from USD 1160.11 million by 2032, growing at a CAGR of 5% from 2024 to 2032.

The feed palatability enhancers & modifiers market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the increase in the consumption of meat all over the world and has therefore got specific attention from various manufacturers of feed additives such as flavours, sweeteners and texturants.

Feed palatability enhancers & modifiers are used for overcoming the smell and bitter taste of feed which is due to feed additives, which are good for animal health and thus necessary. Sweeteners and Flavours are thus used to neutralize the taste and smell. Palatability includes mold control, better shelf life and oxidation in animal feed.

The rise in demand for healthy and safe human food, as well as mass meat production, has caught the attention of different feed additives manufacturers. It has resulted in an immense growth in the market recently. Other drivers for market growth are consumer awareness about meat quality, increased demand for feed, rise in meat consumption, and the quality of pet food, which are major concerns. The market also faced some restraints and challenges. Some of the major ones are the rise in the cost of raw materials and the harmful effects related to ingredients. These factors have been the reason for holding back the market from reaching its actual potential.

SEGMENT ANALYSIS

North America Feed Palatability Enhancers And Modifiers Market Analysis By Type

• Natural
• Synthetic

North America Feed Palatability Enhancers And Modifiers Market Analysis By Livestock

• Swine
• Cattle
• Poultry
• Aquaculture
• Pet foods
• Other livestock

COUNTRY ANALYSIS

• United States
• Canada
• Mexico
• Rest of North America

KEY MARKET PLAYERS

Some of the major companies dominating the market, by their products and services, include Diana Group, Associated British Foods PLC, E. I. Dupont, Ensign-Bickford Industries Inc., Eli Lilly and Company, Kemin Europa, Ferrer, Kerry Group PLC, Kent Feeds Inc., Tanke International Group.