Rising consumption of meat fueling the growth of Feed Palatability Enhancers and Modifiers market

Rising consumption of meat fueling the growth of Feed Palatability Enhancers and Modifiers market

ID: 2064 | October 2018 | Region: Global

The Feed Palatability Enhancers & Modifiers Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Feed Palatability Enhancers & Modifiers Market is estimated to be USD 3.07 billion in 2018 and predicted to rise to USD 3.67 billion by 2023 with a CAGR of 3.65%. The market is segmented by Type (Feed Flavours (Natural, Synthetic), Feed Sweeteners (Natural, Synthetic), Feed Texturants (Natural, Synthetic)), by Livestock (Swine, Poultry, Cattle, Aquaculture, Pet Foods and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

According to the current market trends the market is predicted to exhibit great potential in the upcoming years. The drivers responsible for this potential are, rise in demand for healthy human food, mass meat production & consumption, increasing demand for feed and consumer awareness about quality of meat. The factors responsible for hindering the market in its way of growth are rise in raw material cost and harmful effects of the ingredients. As a result of these factors the market’s growth has been slower than its actual potential.

The market for feed palatability enhancers and modifiers has been segmented on the basis of type and livestock. Based on type the natural sweeteners, flavours and texturants have a larger share in the market as compared to their synthetic counterparts, due to the concerns regarding use of synthetic products. Under segmentation by livestock, the market is dominated by the cattle sector due to increased production of cattle meat over recent years.

Based on geographical analysis, among all the regions the market for feed palatability enhancers and modifiers was dominated by Asia-Pacific with a share of more than one third of the total. Moreover, Asia Pacific market is also expected to show the highest growth rate over the forecast period. It was followed by the market share of Europe and North America. The Europe market is forecasted to be stagnant for the coming years.

There are various companies competing the feed palatability enhancers and modifiers market for their market share. Some of the major ones include, Associated British Foods PLC, E. I. Dupont, Kerry Group PLC, Eli Lilly and Company, Diana Group, Ensign-Bickford Industries Inc., Kemin Europa, Ferrer, Kent Feeds Inc., Tanke International Group.

Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-feed-palatability-enhancers-and-modifiers-market-2055/” and checkout our recent reports in the Animal Feed category at “http://www.marketdataforecast.com/research-reports/agriculture/animal-feed-7/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.

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