Taste enhancers are compounds incorporated into food products to intensify or complement their inherent flavors, devoid of distinct taste. The ability of taste enhancers to enhance the sweetness of sweet foods and improve the savory taste has generated significant global demand for taste enhancers in animal feeds. Consequently, these factors are anticipated to propel the growth of the taste enhancers in the animal feed market, as they cater to the increasing consumer preference for enhanced taste experiences in animal nutrition.
According to Data Bridge Market Research, the Taste Enhancers in Animal Feed Market is accounted at USD 905.00 million in 2021 and are expected to reach USD 1464.35 million by 2029. The market is expected to grow with a CAGR of 6.20% in the forecast period of 2022 to 2029.
“Increased consumption of monosodium glutamate boosts the market’s growth”
The growth of taste enhancers in the animal feed market is primarily fuelled by the global increase in the consumption of monosodium glutamate as a taste enhancer in animal diets. Furthermore, the growing reliance on processed food among consumers contributes to this trend. Taste enhancers in animal feed play a crucial role in regulating food preference, eating patterns, and energy balance control in various animals, including horses, ruminants, poultry, dogs, cats, and others. These factors collectively drive the anticipated market growth throughout the forecasted period.
What restraints the growth of taste enhancers in the animal feed market?
“Stringent regulations restraints the market’s growth”
The growth of the taste enhancer animal feed market is hindered by stringent regulations imposed by authorities. These regulations often govern the use of certain additives and ingredients in animal feed, including taste enhancers. Compliance with these regulations can be challenging and may require additional testing and approval processes. This can result in increased costs and delays in product development and market entry. The stringent regulatory environment acts as a restraint on the growth of the taste enhancer animal feed market, impacting its overall expansion.
Segmentation: Taste Enhancers in Animal Feed Market
The taste enhancers in the animal feed market are segmented on the basis of type, source, and form.
- On the basis of product type, the taste enhancers in animal feed market have been segmented into acidulants, glutamates, hydrolyzed vegetable protein, yeast extracts, hydrolyzed animal protein, maltol, nucleotides, acids, others
- On the basis of source, the taste enhancers in animal feed market have been segmented into natural, and synthetic.
- On the basis of form, the taste enhancers in animal feed market have been segmented into powder, liquid, and semi-liquid.
Regional Insights: North America dominates the taste enhancers in animal feed market
North America and Europe dominate the taste enhancers in animal feed market due to the region's diverse manufacturing companies and the increasing consumer demand for processed food. The presence of various manufacturing companies allows for the production and supply of taste enhancers, while the growing demand for processed food drives the need for enhanced flavours in animal feed products, contributing to the market's expansion.
Asia-Pacific is expected to grow within the forecasted period from 2022-2029 is attributed to the presence of health-conscious individuals and the expansion of the food industry. Health-conscious consumers seek to provide better nutrition to animals, driving the demand for enhanced flavours in animal feed. Simultaneously, the expanding food industry requires high-quality ingredients, including taste enhancers, to meet the growing demand for processed animal food products.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-taste-enhancers-in-animal-feed-market
The Prominent Key Players Operating in the Taste Enhancers in Animal Feed Market Include:
- Cargill, Incorporated. (U.S.)
- Tate & Lyle (U.K.)
- Associated British Foods plc (U.K.)
- Corbion (Netherlands)
- Sensient Technologies Corporation (U.S.)
- Novozymes (Denmark)
- DuPont. (U.S.)
- AngelYeast Co., Ltd. (China)
- Innova Flavors (U.S.)
- Ajinomoto Co., Inc. (U.S.)
- A&B Ingredients, Inc. (U.S.)
- Univar Solutions Inc. (U.S.)
- Aipu Food Industry. (China)
- The Food Source International Inc (U.S.)
- Lesaffre (France)
- Fufeng Group (China)
- MeiHua Holdings Group Co (China)
- Shandong Qilu King-phar pharmaceutical Co., Ltd. (China)
- Invetek Inc (U.S.)
- Mitsubishi International Food Ingredients, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of taste enhancers in animal feed market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Taste Enhancers in Animal Feed Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
