The Feed Palatability Enhancers 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 Market is estimated to be USD 2.97 billion in 2017 and predicted to rise to USD 3.54 billion by 2022 with a CAGR of 3.60 %. The market is segmented by Type (Flavors, Sweeteners, Aroma Enhancers), by Livestock (Swine, Poultry, Cattle, Pets, Aquaculture, and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The feed palatability enhancers market is fueled by the rise in the meat consumption all over the world. The feed palatability enhancers market has been growing at a steady rate over the last few years. The high consumption and export of meat in the Asia Pacific are fueling the market in the region. The unpleasant smell and bitter taste of the feed that comes from feed additives–that are considered good for the gut health of the digestive tract in the animals and are also a good substitute to the antibiotics in the feed are neutralized by the flavors and sweeteners. The market for these products is growing in developing economies such as China, India, and Brazil.
The global Feed Palatability Enhancers market is segmented on the basis of Type, and Livestock. On the basis of Type, it is segmented into Flavors, Sweeteners, and Aroma Enhancers. On the basis of Livestock, it is segmented into Swine, Poultry, Cattle, Pets, Aquaculture, and Others.
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific accounted for the largest share of the market followed by North America and Europe. Asia Pacific is also expected to register the highest CAGR in the coming years. The North American feed palatability enhancers and modifiers market is also growing rapidly due to the rising awareness of pet owners about the quality products and regarding the chemicals used in the animal feeds. These are the major factors which drive the growth of the feed palatability enhancers and modifiers market in the region.
The market is dominated by companies like Associated British Foods PLC, Diana Group, E. I. Dupont. Eli Lilly and Company, Ferrer, Kemin Europa, Kent Feeds Inc., Kerry Group PLC, Ensign-Bickford Industries Inc., and Tanke International Group.
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