Global Feed Flavors & Sweeteners Market Outlook

Feed Flavors and Sweeteners Market Size was valued at USD 2 Billion in 2022. The feed flavors and sweeteners market industry are projected to grow from USD 2.08 Billion in 2023 to USD 2.87 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.1% during the forecast period (2023 - 2032). Rising demand for high-quality animal products, the emphasis on animal welfare and nutrition, the growing aquaculture and poultry industries, the need for specialized feed formulations, and the increasing adoption of natural and clean-label feed additives are the major market drivers enhancing the feed flavors and sweeteners market share.

Feed flavors and sweeteners market are feed additives added to enhance the flavor of feed products. The growing demand from the animal products industry for flavored feed has been the major driver for the global feed flavors and sweeteners market. As the animal products industry has grown, animal welfare has become a key concern, with several government and public platforms urging the industry to end cruelty and make the lives of the captured animals better. One of the offshoots of this movement to improve animal life has been the development and widespread adoption of feed flavors and sweeteners. Feed flavors and sweeteners are seen as crucial in providing animals enough nutrition as well as incentive to eat their fill of the feed.

The growing animal products industry in Asia Pacific is likely to be a major driver for the global feed flavors and sweeteners market. Asia Pacific holds the dominant share in the global feed flavors and sweeteners market due to the growing demand from the animal products industry in China, India, Japan, Indonesia, South Korea, Malaysia, and other countries in the region. Australia is a global leader in the production of dairy and cattle meat products and thus accounts for a significant share in the animal products industry in Asia Pacific. The rapid growth of the animal products industry in these regions has enabled steady growth of the global feed flavors and sweeteners market. This is likely to remain a major driver for the feed flavors and sweeteners market over the forecast period.

Competitive Analysis:

Leading  in the global key feed flavors and sweeteners market Players  include Grupo Ferrer Internacional SA, Solvay, Nutriad, Pancosma, Alltech, FeedStimulants, BIOMIN Holding, DuPont, Norel, Prinova Group LLC, Agri-Flavors, Origination O2D, Kerry Group, Pestell Minerals and Ingredients, and Kemin Industries Inc.

Segmentation:

The global feed flavors and sweeteners market is segmented on the basis of type, source, form, livestock, and region.

By type, the global feed flavors and sweeteners market is segmented into flavors and sweeteners. The flavors segment is further subsegmented into sweet, savory, and others. The sweeteners segment is further subsegmented into saccharine, glycyrrhizin, neohesperidine dihydrochalcone, and others.

By source, the global feed flavors and sweeteners market is segmented into natural and synthetic.

By form, the global feed flavors and sweeteners market is segmented into dry and liquid.

By livestock type, the global feed flavors and sweeteners market is segmented into ruminants, swine, pets, and others.

Regional Analysis:

Asia Pacific accounted for the largest share in the global feed flavors and sweeteners market in 2018 and is likely to remain the leading revenue generator over the forecast period due to the growing animal products industry in countries such as China and India. The growing demand for meat products has been a major driver for the animal products industry in Asia Pacific, leading to a growing demand for feed flavors and sweeteners. Dairy products have also become vital in the Asia Pacific region, as increasing urbanization has driven the demand for milk and other dairy products. This is also likely to be a major driver for the feed flavors and sweeteners market in the region.

North America holds the second largest share in the global feed flavors and sweeteners market, followed by Europe.

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