What is Feed Palatability Enhancers Market?
Feed palatability enhancers are added in the animal feed to nullify the bitter taste of vitamins, minerals, and other medicines. Therefore, it increases the feed intake by the animal. In addition to this, it also provides the shelf life stability to the product. Apart from this, other additives ideal terrain in gastrointestinal tract which limits the growth of microbes. The feed palatability not only plays role in minimizing the bad taste of animal feed, but also in improving health of livestock. Due to this factor the demand for the product is increasing which is fuelling the market growth.
The market study is being classified by Type (Feed Flavours & Sweeteners, Feed Texturants and Others) and major geographies with country level break-up.
Eli Lilly and Company (United States), Kerry Group (Ireland), Associated British Foods Plc. (United Kingdom), Diana Foods (France), Ensign-Bickford Industries Inc. (United States), Ferrer (Spain), Kemin Europa (United States), Kent Feeds Inc. (United States), Tanke International Group (United States), DuPont (United States), Symrise (Germany), Adisseo (France) and Elanco (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Feed Palatability Enhancers market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Feed Palatability Enhancers market by Type, Application and Region.
On the basis of geography, the market of Feed Palatability Enhancers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in Animal Health Concerns and Accelerated Meat Consumption
- Benefits Such as Increase Shelf Life Stability
- Increase in Preference for the Quality Products by the Pet Owners
- Rising Raw Material Prices
- Increasing Awareness About the Chemicals Used in Animal Feeds
- High Awareness of the Benefits of Feed Palatability Enhancer in Animal Health
- Harmful Effects of Specific Palatability Enhancers
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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