Asia Pacific Palatants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Form (Dry and Liquid), Category (Organic and Conventional), and Source (Plant Derived Palatants, Meat Derived Palatants, Insect Derived Palatants, and Others)

List of Tables

The Asia Pacific palatants market is expected to grow from US$ 255.13 million in 2022 to US$ 389.82 million by 2028. It is estimated to grow at a CAGR of 7.3% from 2022 to 2028.

Increasing Product Innovation would provide opportunities to the Asia Pacific Palatants Market

The rising consumer preference and demand for nutrient-rich, premium, and personalized pet food has increased product innovations, including the development of innovative, safe, and premium quality palatants. Major market players are diversifying product portfolios by including organic, natural, and phytonutrient-rich products to gain a competitive edge. Moreover, several players in the palatants market are engaged in the production of customized palatants. Various companies are also involved in research and development (R&D) activities to introduce nutrient-rich pet food products. For instance, AFB International is investing in R&D to assess the drivers of palatability, from basic science to complex product systems. Similarly, SPF International's R&D team is working on the design of a sensorial solution that can improve the kibble's smell while maintaining excellent palatability performance. Thus, increasing product innovations and growing R&D activities are expected to provide lucrative opportunities in the Asia Pacific palatants market over the forecast period.

Asia Pacific Palatants Market Overview

The Asia Pacific palatants market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. These countries report increasingly high animal populations, which helps boost the demand for animal feed across the region. Moreover, developing countries such as China and India have a significant population of pets. According to the National Bureau of Statistics, China has the fastest-growing pet industry in the region. Factors such as increasing disposable income, and rising awareness regarding animal health and wellness also contribute to the demand for pet food, in turn boosting the demand for palatants. According to a report by Dairy India, the Indian cattle feed industry has grown at ~6% per annum in 2010-2020, making India one of the world's most significant and fastest-growing cattle feed markets. Despite this growth, there is a massive gap between requirement and production. Thus, there is a huge opportunity for cattle feed formulators to reposition themselves in India to enhance livestock productivity.

Asia Pacific Palatants Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Palatants Market Segmentation

The Asia Pacific palatants market is segmented into form, category, source, and country.

Based on form, the Asia Pacific palatants market is bifurcated into dry and liquid. The dry segment held the larger market share in 2022.

Based on category, the Asia Pacific palatants market is bifurcated into organic and conventional. The conventional segment held the larger market share in 2022.

Based on source, the Asia Pacific palatants market is segmented into plant derived palatants, meat derived palatants, insect derived palatants, and others. The meat derived palatants segment held the larger market share in 2022.

Based on country, the Asia Pacific palatants market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The China dominated the market share in 2022.

AFB International Inc; Archer-Daniels-Midland Co; BHJ AS; Bitek Industries Pty Ltd; Innov Ad NV/SA; Kemin Industries Inc; Kerry Group Plc; Ohly GmbH; Symrise AG; and Trilogy Essential Ingredients Inc are the leading companies operating in the Asia Pacific palatants market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific palatants market
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific palatants market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Product Code: BMIRE00028047

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific Palatants Market - By Form
- 1.3.2 Asia Pacific Palatants Market - By Category
- 1.3.3 Asia Pacific Palatants Market - Source
- 1.3.4 Asia Pacific Palatants Market - By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Palatants Market Landscape

4.1 Market Overview
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Asia Pacific Palatants Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Rising Popularity of Pet Humanization
- 5.1.2 Changing Consumer Perception Regarding Pet Health
5.2 Market Restraints
- 5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
- 5.3.1 Increasing Product Innovation
5.4 Future Trends
- 5.4.1 Increasing Consumer Preference for Clean Label Products
5.5 Impact Analysis of Drivers and Restraints

6. Palatants - Asia Pacific Market Analysis

6.1 Asia Pacific Palatants Market Overview
6.2 Asia Pacific Palatants Market Forecast and Analysis

7. Asia Pacific Palatants Market Analysis - By Form

7.1 Overview
7.2 Asia Pacific Palatants Market, By Form (2021 and 2028)
- 7.2.1 Dry
- 7.2.2 Overview
- 7.2.3 Dry: Asia Pacific Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.2.4 Liquid
- 7.2.5 Overview
- 7.2.6 Liquid: Asia Pacific Palatants Market - Revenue and Forecast to 2028 (US$ Mn)

8. Asia Pacific Palatants Market Analysis - By Category

8.1 Overview
8.2 Asia Pacific Palatants Market, By Category (2021 and 2028)
8.3 Organic
- 8.3.1 Overview
- 8.3.2 Organic: Asia Pacific Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Conventional
- 8.4.1 Overview
- 8.4.2 Conventional: Asia Pacific Palatants Market - Revenue and Forecast to 2028 (US$ Mn)

9. Asia Pacific Palatants Market Analysis - By Source

9.1 Overview
9.2 Asia Pacific Palatants Market, By Source (2021 and 2028)
9.3 Plant-Derived Palatants
- 9.3.1 Overview
- 9.3.2 Plant-Derived Palatants: Asia Pacific Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Meat-Derived Palatants
- 9.4.1 Overview
- 9.4.2 Meat-Derived Palatants: Asia Pacific Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.5 Insect-Derived Palatants
- 9.5.1 Overview
- 9.5.2 Insect-Derived Palatants: Asia Pacific Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Asia Pacific Palatants Market - Revenue and Forecast to 2028 (US$ Mn)

10. Asia Pacific Palatants Market - Country Analysis

10.1 Overview
- 10.1.1 Asia Pacific Palatants Market, by Key Country
  - 10.1.1.1 Australia: Asia Pacific Palatants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.1.1 Australia: : Asia Pacific Palatants Market, by Form
    - 10.1.1.1.2 Australia: Asia Pacific Palatants Market, by Category
    - 10.1.1.1.3 Australia: Asia Pacific Palatants Market, by Source
  - 10.1.1.2 China: Asia Pacific Palatants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.2.1 China: : Asia Pacific Palatants Market, by Form
    - 10.1.1.2.2 China: Asia Pacific Palatants Market, by Category
    - 10.1.1.2.3 China: Asia Pacific Palatants Market, by Source
  - 10.1.1.3 India: Asia Pacific Palatants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.3.1 India: : Asia Pacific Palatants Market, by Form
    - 10.1.1.3.2 India: Asia Pacific Palatants Market, by Category
    - 10.1.1.3.3 India: Asia Pacific Palatants Market, by Source
  - 10.1.1.4 Japan: Asia Pacific Palatants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.1 Japan: : Asia Pacific Palatants Market, by Form
    - 10.1.1.4.2 Japan: Asia Pacific Palatants Market, by Category
    - 10.1.1.4.3 Japan: Asia Pacific Palatants Market, by Source
  - 10.1.1.5 South Korea: Asia Pacific Palatants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.5.1 South Korea: : Asia Pacific Palatants Market, by Form
    - 10.1.1.5.2 South Korea: Asia Pacific Palatants Market, by Category
    - 10.1.1.5.3 South Korea: Asia Pacific Palatants Market, by Source
  - 10.1.1.6 Rest of Asia Pacific: Asia Pacific Palatants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.6.1 Rest of Asia Pacific: Asia Pacific Palatants Market, by Form
    - 10.1.1.6.2 Rest of Asia Pacific: Asia Pacific Palatants Market, by Category
    - 10.1.1.6.3 Rest of Asia Pacific: Asia Pacific Palatants Market, by Source

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 Kerry Group Plc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Archer-Daniels-Midland Co
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 AFB International Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 BHJ AS
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Bitek Industries Pty Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Symrise AG
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Innov Ad NV/SA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Kemin Industries Inc
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Ohly GmbH
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Trilogy Essential Ingredients Inc
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms