Palatants Market - By Form (Dry, Liquid), By Nature (Organic, Conventional), By Source (Plant derived, Meat derived, Others), & Forecast, 2024

Description

Palatants Market size is projected to expand at over 6% CAGR from 2024 to 2032. The increasing pet ownership rates worldwide, particularly in emerging economies is driving the demand for palatants. As per the 2023-2024 survey of American Pet Products Association, 86.9 million U.S. households own a pet. With more households embracing pets as integral members of their families, the demand for high-quality pet food is rising.

Palatants are mainly flavor enhancers added to pet food to make it more appealing, adding to their heightened demand due to robust role in ensuring the palatability of pets. Rising advancements in pet food technology are also promoting the development of innovative palatants with improved taste and aroma profiles. The growing awareness among pet owners regarding the significance of balanced nutrition for their pets is accelerating the adoption of premium pet food products containing palatants.

The overall market is segregated into form, nature, source, and region.

Palatants industry share from the liquid form segment is estimated to rise at 6.3% growth rate from 2024 to 2032, due to its convenience in application and blending with wet pet food formulations. Liquid palatants offer manufacturers the flexibility in product development and enhance palatability effectively. The increasing consumer preference for wet pet food products, along with advancements in liquid palatant formulations will further boost the segment growth.

With respect to nature, the palatants market value from the organic segment is slated to depict 6.9% CAGR between 2024 and 2032, owing to the rising consumer demand for natural and healthy pet food options. Organic palatants are increasingly appealing to pet owners seeking products free from synthetic additives and chemicals. The increasing awareness about the benefits of organic ingredients for pet health and well-being is driving the adoption of organic palatants. Multiple stringent regulations are promoting organic certification, further accelerating the demand for organic palatants in the pet food industry.

Regionally, the Asia Pacific palatants market is projected to witness 6.6% growth rate until 2032, on account of the increasing urbanization, rising disposable incomes, and changing lifestyles. These factors along with the growing pet ownership rates are driving the demand for palatants in pet food formulations. The growing awareness regarding pet health and nutrition among consumers together with the expansion of pet food manufacturing facilities and investments in R&D activities will drive the regional market growth.

Product Code: 8275

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data Mining sources
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Global palatants market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Form trends
2.5 Nature trends
2.6 Source trends

Chapter 3 Global Palatants Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Raw material suppliers
- 3.1.2 Manufacturers
- 3.1.3 Profit margin analysis
- 3.1.4 Distribution channel analysis
- 3.1.5 End-users
3.2 Vendor matrix
- 3.2.1 List of key raw material suppliers
- 3.2.2 List of key manufacturers/suppliers
3.3 Technology landscape
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 Asia Pacific
- 3.4.4 Latin America
- 3.4.5 Middle East & Africa
3.5 Impact forces
- 3.5.1 Growth drivers
- 3.5.2 Industry pitfalls & challenges
3.6 Pricing analysis
3.7 Regional pricing
- 3.7.1 North America
- 3.7.2 Europe
- 3.7.3 Asia Pacific
- 3.7.4 Latin America
- 3.7.5 Middle East & Africa
3.8 Cost structure analysis
- 3.8.1 R&D cost
- 3.8.2 Manufacturing & equipment cost
- 3.8.3 Raw material cost
- 3.8.4 Distribution cost
- 3.8.5 Operating cost
- 3.8.6 Miscellaneous cost
3.9 Innovation & sustainability
3.10 Growth potential analysis, 2023
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
- 4.2.1 Company market share, by region, 2023
  - 4.2.1.1 North America
  - 4.2.1.2 Europe
  - 4.2.1.3 Asia Pacific
  - 4.2.1.4 Latin America
  - 4.2.1.5 Middle East & Africa
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Global Palatants Market Estimates & Forecast, By Form, 2018-2032 (USD Million) (Tons)

5.1 Key trends
5.2 Dry
5.3 Liquid

Chapter 6 Global Palatants Market Estimates & Forecast, By Nature, 2018-2032 (USD Million) (Tons)

6.1 Key trends
6.2 Organic
6.3 Conventional

Chapter 7 Global Palatants Market Estimates & Forecast, By Source, 2018-2032 (USD Million) (Tons)

7.1 Key trends
7.2 Plant derived
7.3 Meat derived
7.4 Others

Chapter 8 Global Palatants Market Estimates & Forecast, By Region, 2018-2032 (USD Million) (Tons)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Russia
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Indonesia
- 8.4.6 Australia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt

Chapter 9 Company Profiles

9.1 Kerry Group
9.2 ADM
9.3 Symrise AG
9.4 Kemin Industries Inc.
9.5 Nestle SA
9.6 Diana Group
9.7 Alltech Inc
9.8 Pancosma SA
9.9 Darling Ingredients
9.10 AFB International
9.11 Nutriad International NV
9.12 Frutarom Group
9.13 BHJ A/S

Palatants Market - By Form (Dry, Liquid), By Nature (Organic, Conventional), By Source (Plant derived, Meat derived, Others), & Forecast, 2024 - 2032