The Feed Taste Enhancers Global Market Report 2023, provides comprehensive information on the feed taste enhancers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Feed Taste Enhancers Global Market Report 2023, the market size is expected to grow from $2.59 billion in 2022 to $2.85 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global feed taste enhancers market size is expected to grow to $4.09 billion in 2027 at a CAGR of 9.4%.
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Product innovation has emerged as the major trend gaining popularity in the feed taste enhancer market. Major companies operating in the feed taste enhancer market are introducing new innovative feed enhancer products to strengthen their position in the market. For instance, in November 2022, ADM, a US-based animal feed manufacturing company, launched two innovative feed taste enhancer products- SUCRAM M’I Sweet and SUCRAM Specifeek under its SUCRAM series. These new innovative products are sweeteners that aim to enhance the palatability of feed for young animals, especially weanling pigs. By using plants and sweeteners as nutritional solutions, producers can increase feed intake and efficiency, along with promoting the health and overall well-being of the animals.
The feed taste enhancers market is segmented:
1) By Type: Flavors, Sweeteners, Aroma Enhancers
2) By Source: Natural, Synthetic
3) By Application: Poultry, Swine, Cattle, Pets, Aquaculture, Other Applications
Asia-Pacific was the largest region in the feed taste enhancers market in 2022.
The table of contents in TBRC’s feed taste enhancers market report includes:
1. Executive Summary
2. Feed Taste Enhancers Market Characteristics
3. Feed Taste Enhancers Market Trends And Strategies
4. Feed Taste Enhancers Market – Macro Economic Scenario
5. Feed Taste Enhancers Market Size And Growth
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26. Africa Feed Taste Enhancers Market
27. Feed Taste Enhancers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Feed Taste Enhancers Market
29. Feed Taste Enhancers Market Future Outlook and Potential Analysis
30. Appendix
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