The Middle East and Africa feed palatability enhancers and modifiers market size is expected to reach USD 221.12 million in 2024 and reach USD 265.81 million by 2029, growing at a CAGR of 3.75% from 2024 to 2029.
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, textures, and flavors.
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 healthy human food and mass meat production has attracted the attention of different feed additives manufacturers. It has led to significant growth in the market over recent years. Other major factors driving the market growth include a rise in meat consumption, consumer awareness about meat quality, increased demand for feed, and pet food quality, which is a major concern. The market also faces a few restraints and challenges. Some of these are an 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.
This research report on the Middle East and Africa feed palatability enhancers and modifiers market is segmented and sub-segmented into the following categories:
Middle East and Africa Feed Palatability Enhancers and Modifiers Market - By Type:
Middle East and Africa Feed Palatability Enhancers and Modifiers Market - By Livestock:
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.
Middle East and Africa Feed Palatability Enhancers and Modifiers Market - By Country:
On the basis of geography, the Middle East & Africa market is analyzed under various regions, namely the Middle East and Africa.
KEY MARKET PLAYERS:
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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