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Europe Palatants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - By Form, Category, and Source

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    Report

  • 82 Pages
  • February 2023
  • Region: Europe
  • The Insight Partners
  • ID: 5743905
UP TO OFF until Jun 30th 2024
The Europe palatants market is expected to grow from US$ 400.64 million in 2022 to US$ 591.91 million by 2028. It is estimated to grow at a CAGR of 6.7% from 2022 to 2028.

Changing Consumer Perception Regarding Pet Health is bolstering the Europe Palatants Market

The demand for healthy and palatable pet foods is increasing globally. Nutritious pet food helps combat skin allergies and infections as well as increase the life expectancy of pets. Palatants help improve the flavors and palatability of the pet food. The pet food industry is constantly developing products that are highly nutritional and improve the living condition of pets. People are more inclined towards adopting healthy and nutrient-rich food to maintain their pet's health. In recent years, the demand for personalized pet food has increased in developed economies such as the US, and Germany in the coming years. Pet owners are becoming conscious about the ingredients used in the pet food as well as the brands and companies offering customized pet food products. Customized pet food efficiently addresses the conditions such as dry skin and obesity in pets. The usage of palatants in pet food, treats, and supplements enhance the taste, thereby ensuring that pets receive the required vital nutrients. Thus, the growing consumer perception toward pet health is bolstering the growth of the Europe palatants market.
Europe Palatants Market Overview
The Europe palatants market is sub-segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Pet ownership is increasing in these countries. According to the European Pet Food Industry Federation (FEDIAF), Russia has the largest cat population among all European countries, followed by Germany and France. It also has the largest dog population, followed by the UK and Germany. Pet owners treat pets like their family members. According to the 2021 report by FEDIAF, pet ownership has grown to include 90 million European households, i.e., ~46% of households. With booming pet ownership in Europe, FEDIAF found that pet owners spent more than US$ 20.3 billion on pet food, supplies, and services in 2021. According to the findings of the federation, the pet food industry was worth US$ 28.1 billion in 2021, recording a growth of 3.1% in 2021 compared to 2020. In response to the increased parenting of pets, pet food manufacturers are offering premium products. Moreover, manufacturers are investing more in the R&D of different nutritional ingredients, such as palatants. However, European Union (EU) examine pet food additive periodically based on safety, technical specifications, and efficiency. Thus, the stringent regulatory environment in EU countries for animal feed and pet food is likely to hamper the Europe palatants market growth forecast period.

EuropePalatants Market Revenue and Forecast to 2028 (US$ Million)

EuropePalatants Market Segmentation

The Europepalatants market is segmented into form, category, source, and country.
  • Based on form, the Europe palatants market is bifurcated intodry and liquid. The dry segment held the larger market share in 2022.
  • Based on category, the Europe palatants market is bifurcated into organic and conventional. The conventional segment held the larger market share in 2022.
  • Based on source, the Europe 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 Europe palatants market is segmentedintoGermany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the market share in 2022.
AFB International Inc; Archer-Daniels-Midland Co;BHJ AS; Innov Ad NV/SA; Kemin Industries Inc; Kerry Group Plc; Ohly GmbH; and Symrise AG are the leading companies operating in the Europe palatants market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Palatants Market - By Form
1.3.2 Europe Palatants Market - By Category
1.3.3 Europe Palatants Market - Source
1.3.4 Europe Palatants Market - By Country

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Palatants Market Landscape
4.1 Market Overview
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Intensity of Competitive Rivalry
4.1.5 Threat of Substitutes
4.2 Ecosystem Analysis
4.3 Expert Opinions

5. Europe 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. Europe Palatants Market Analysis
6.1 Europe Palatants Market Overview
6.2 Europe Palatants Market Forecast and Analysis

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

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

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

10. Europe Palatants Market - Country Analysis
10.1 Overview
10.1.1 Europe Palatants Market, by Key Country
10.1.1.1 Germany: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Europe Palatants Market, By Form
10.1.1.1.2 Germany: Europe Palatants Market, by Category
10.1.1.1.3 Germany: Europe Palatants Market, by Source
10.1.1.2 France: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Europe Palatants Market, By Form
10.1.1.2.2 France: Europe Palatants Market, by Category
10.1.1.2.3 France: Europe Palatants Market, by Source
10.1.1.3 Italy: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Europe Palatants Market, By Form
10.1.1.3.2 Italy: Europe Palatants Market, by Category
10.1.1.3.3 Italy: Europe Palatants Market, by Source
10.1.1.4 UK: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Europe Palatants Market, By Form
10.1.1.4.2 UK: Europe Palatants Market, by Category
10.1.1.4.3 UK: Europe Palatants Market, by Source
10.1.1.5 Russia: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Europe Palatants Market, By Form
10.1.1.5.2 Russia: Europe Palatants Market, by Category
10.1.1.5.3 Russia: Europe Palatants Market, by Source
10.1.1.6 Rest of Europe: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Europe Palatants Market, By Form
10.1.1.6.2 Rest of Europe: Europe Palatants Market, by Category
10.1.1.6.3 Rest of Europe: Europe 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 Symrise AG
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 Innov Ad NV/SA
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 Kemin Industries Inc
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 Ohly GmbH
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

13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms

List of Tables
Table 1 Europe Palatants Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Europe Palatants Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Europe Palatants Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Europe Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Europe Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Europe Palatants Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Europe Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 10. France: Europe Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Europe Palatants Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Europe Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Europe Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Europe Palatants Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Europe Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Europe Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Europe Palatants Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: Europe Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: Europe Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Europe Palatants Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: Europe Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Europe Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 23. Glossary of Terms, Europe Palatants Market

List of Figures
Figure 1. Europe Palatants Market Segmentation
Figure 2. Europe Palatants Market Segmentation - By Region
Figure 3. Europe Palatants Market Overview
Figure 4. Dry segment holds the largest share
Figure 5. The Rest of Europe Held Largest Share of Europe Palatants Market in 2021
Figure 6. Porter's Five Forces Analysis: Europe Palatants Market
Figure 7. Ecosystem: Europe Palatants Market
Figure 8. Expert Opinion
Figure 9. Europe Palatants Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Palatants Market Forecast and Analysis, 2020-2028 (US$ Mn)
Figure 11. Europe Palatants Market Revenue Share, By Form (2021 and 2028)
Figure 12. Dry: Europe Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Liquid: Europe Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Europe Palatants Market Revenue Share, by Category (2021 and 2028)
Figure 15. Organic: Europe Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Conventional: Europe Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Europe Palatants Market Revenue Share, by Source (2021 and 2028)
Figure 18. Plant-Derived Palatants: Europe Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Meat-Derived Palatants: Europe Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Insect-Derived Palatants: Europe Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Others: Europe Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Europe Palatants Market, by Key Country - Revenue (2021) (US$ Million)
Figure 23. Europe Palatants Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Germany: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. France: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Europe: Europe Palatants Market - Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AFB International Inc
  • Archer-Daniels-Midland Co
  • BHJ AS
  • Innov Ad NV/SA
  • Kemin Industries Inc
  • Kerry Group Plc
  • Ohly GmbH
  • Symrise AG

Table Information