Feed Flavors & Sweeteners - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Feed Flavors & Sweeteners Market is accounted for $1.30 billion in 2019 and is expected to reach $1.99 billion by 2027 growing at a CAGR of 5.4% during the forecast period. Rising demand for palatability-boosting feed additives, mounting meat and dairy goods industries are the major factors propelling the market growth. However, lacks of knowledge in developing countries regarding feed flavors & sweeteners are hampering the market growth.
Feed additives incorporated within the animal feed to improve the taste and sweetness are referred to as feed flavors & sweeteners. Feed flavors and sweeteners are additives that are incorporated in livestock, poultry, swine, aquaculture, and other animal feeds in order to mask the bitterness of the feed. Since the intake of feed by animals depends on several factors, such as thermal environment, stocking density, genotype, and dietary factors, these additives are included as they enhance the taste, smell, and texture.
Based on the type, the feed flavor segment is estimated to have a lucrative growth due to it improves the taste and aroma of feed that leads to the augment in feed intake of livestock and helps in superior growth performance as well. Additionally, flavors such as citrus, spices, and vanilla allow the voluntary feed intake by animals and offer health benefits such as superior immunity. By geography, Asia Pacific is likely to have a huge demand due to increase in disposable income has led to enlarge in urbanization and quick industrialization. The region is heterogeneous, with diversity in income level, technology, and demands of end consumers to provide superior-quality feed to livestock, as the awareness among the consumers about the impact of quality feed provided to the livestock on the quality of the animal-based products is increasing, leading to improved scope for future growth.
Some of the key players profiled in the Feed Flavors & Sweeteners Market include Alltech, Biomin Holding, Dupont, Eli Lilly & Co, Grupo Ferrer Internacional, Itpsa, Jefo , Kemin Industries, Kerry Group, Norel, Nutriad International Dendermonde, Pancosma , Phytobiotics Futterzusatzstoffe, Prinova Group and Solvay.
• Feed Sweetener
• Feed Flavor
• Aquatic Animals
Distribution Channels Covered:
• Supermarkets & Hypermarkets
• Convenience Stores
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
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