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Global Feed Palatability Enhancers Market - Growth, Trends and Forecasts (2017 - 2022)

The North American Feed Palatability Enhancers market was valued at over USD 2425 million in 2015 and is expected to reach USD 2872.2 million by 2020 growing at a CAGR of 3.6%. Palatability Enhancers contribute to the flavor, taste, and aroma of the feed. These products help to enhance the growth of animals by maximizing feed intake. The inclusion of these palatability enhancers in the feed has a positive effect on the animal health as it is mixed with other feed additives with nutritional value. Rise in the meat consumption globally, increased awareness among farmers about scientific methods of feeding and growing trend of farm mechanization have contributed to global market growth. Palatability enhancers primarily mask the unpleasant taste, odor and provide better aroma, texture, and flavor thus making the feed more preferable.     Asia Pacific is the largest and fastest growing market at 3.9%, which is well above the global rate. The region is estimated to cross $1 billion by 2020 accounting for nearly 38% of the global market share. Poultry feed is the biggest segment showing promising growth trends.     Key Deliverables in the Study Market analysis for the Global Feed Palatability Enhancers Market, with region specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Global Feed Palatability Enhancers on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q2 2016

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