Feed Palatability Enhancers And Modifiers Market Size and Growth Analysis 2023.
Market Overview:
Palatability is not only restricted to the adding of flavors but also improves the texture of the feed. Palatability enhancers play a vital role in mold control, oxidation, etc. Addition of palatability enhancers in the animal feed will have a positive effect on the health of animals and enhances the nutritive value that assists in the proliferation of indigenous lactic acid bacteria, which plays a key role in the activation of immunity against diseases. Ruminant livestock is the key source for the production of methane that is very harmful in the agriculture segment. The feed palatability enhancers & modifiers market is expected to be USD 3.07 billion in 2018 and estimated to grow to USD 3.67 billion by 2023 with a CAGR of 3.65%.
Market drivers and restraints:
Rising demand for safe and healthy human food, as well as mass production of meat, is the key factors that are boosting the growth of the feed palatability enhancers and modifiers market worldwide. Moreover, an increase in consumption of meat, customer awareness relating to the quality of meat, high feed demand and the quality of pet food are the few other factors that are driving the market growth of feed palatability enhancers and modifiers market.
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