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(MoneyNewsWire.Net, April 23, 2018 ) The Middle East and Africa Feed Palatability Enhancers and Modifiers market is estimated to reach USD 0.21 billion by 2021 from a market value of USD 0.17 billion in 2016 at a CAGR of 3.75%. The Feed Palatability Enhancers & Modifiers market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the rise in the consumption of meat all around the world and has therefore received attention specifically from the manufacturers of Feed additives like sweeteners, texturants and flavours.
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Feed Palatability Enhancers & Modifiers are used to tackle the bitter smell and taste of feed due to the presence of feed additives, which being good for animal health are necessary. Sweeteners and Flavours are thus used for neutralizing the smell and taste. Palatability involves oxidation, mold control and better shelf life for animal feed.
The growing demand for safe and health human food and mass meat production has pulled attention of different feed additives manufacturers. It has led to a significant growth in the market over recent years. Other major factors driving the market growth include rise in meat consumption, consumer awareness about meat quality, increased demand for feed and the pet food quality which is major concern. The market also faces few restraints and challenges. Some of these are, increase in raw materials cost and harmful effects related to ingredients. These factors are responsible for holding back the market from reaching its actual potential.
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The Middle East & Africa Feed Palatability Enhancers & Modifiers market is segmented based on type and livestock. The market is segmented on the basis of type under sweeteners, texturants and flavours which all are further categorized into synthetic and natural. The natural products dominated the market share because of the health concerns related to synthetic based products. On the bassis of livestock the market is divided into poultry, swine, cattle, pet foods, aquaculture and others. The cattle segment accounted for the largest share in the market on the basis of segmentation by livestock due to increase in cattle meat production over the recent years and is expected to grow even further. On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
Some of the major companies dominating the market, by their products and services include Associated British Foods PLC, Diana Group, Kerry Group PLC, E. I. Dupont, Ensign-Bickford Industries Inc., Eli Lilly and Company, Ferrer, Kent Feeds Inc., Kemin Europa, Tanke International Group.
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