Market Size of Feed Palatability Enhancers Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.38 Billion |
| Market Size (2029) | USD 4.50 Billion |
| CAGR (2024 - 2029) | 5.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Feed Palatability Enhancers & Modifiers Market Analysis
The Feed Palatability Enhancers Market size is estimated at USD 3.38 billion in 2024, and is expected to reach USD 4.5 billion by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).
COVID-19 adversely affected livestock production and consumption. This effect ultimately spilled into the feed industry, including the feed palatability enhancer market. The companies in this industry were also facing issues due to production restraints and supply chain issues. However, the industry is expected to achieve pre-covid demand and production levels in the near future if no further outbreaks disrupt the market.
The increasing meat consumption is driving the feed palatability enhancers market globally. The demand for high-quality meat and meat products from health-conscious consumers further induces the demand.
Asia-Pacific is the largest market for palatability enhancers, accounting for a significant share in the overall market. The rise in income levels and growing awareness about quality feed and pet food contribute to the demand in the region.
The market for feed palatability enhancers is highly fragmented, with the presence of key international players and many small players maintaining competitiveness in the market. Some notable players are DuPont de Nemours, Inc., Associated British Foods plc, Kerry Inc., Symrise, Adisseo, Elanco, Ensign-Bickford Industries Inc., Kent Nutrition Group, and others.
