Market Trends of Middle East Feed Palatability Enhancers Industry
This section covers the major market trends shaping the Middle East Feed Palatability Enhancers Market according to our research experts:
Increased Industrial Livestock Production
The meat consumption in the region has been rising rapidly, thereby fuelling the growth of the feed palatability enhancers market. The growing preferences for high-grade meat and meat products from the health-conscious consumers are driving the demand for feed palatability enhancers in the compound feed industry in the region. The rise in the levels of income in most of the developing countries has induced demand for superior quality meat and meat products. The unpleasant additives and supplements in livestock feed are formulated with the help of palatability enhancers, thereby augmenting the feed intake in animals. Hence the increase in the industrialization of the livestock sector contributes to the growth of palatability enhancers market in the region studied during the forecast period.
Increased Compound Feed Production
According to the Alltech survey in 2019, dairy and cattle sectors account for the major share in the compound feed production. Egypt is the country that produces a higher volume of compound feed in the region accounting for 7.36 million metric tons. Across all the countries, ruminant feed production is dominating as there is increased consumption in the market. Farmers, facing pressure to produce quality meat without having to absorb the increasing cost of inputs, have turned toward the usage of feed additives in animal diets. Increased meat consumption and a rise in health concerns in livestock have made the market consume a higher quantity of feed palatability enhancers. In Egypt, the number of modern dairy and feed farms has increased considerably. The majority of the domestic meat consumed in the country is locally produced, making Egypt an attractive market for the supply and import of feed additives. The Egyptian government is pursuing increased domestic beef production by growing the domestic heard size and increasing live cattle imports. Hence the increased compound feed production in the market is expected to increase the growth of the feed palatability enhancer market in the region studied during the forecast period.
