Feed Flavor and Sweetener Ingredients Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Feed Flavor and Sweetener Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Feed Flavor and Sweetener Ingredients Global Market Report 2024, The feed flavor and sweetener ingredients market size has grown strongly in recent years. It will grow from $4.63 billion in 2023 to $5.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to consumer demand for quality animal products, palatability enhancement, chemical innovation, industry regulatory changes, market demand for diverse feeds.

The feed flavor and sweetener ingredients market size is expected to see strong growth in the next few years. It will grow to $6.63 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to shift to natural and organic products, innovation in functional ingredients, expansion in animal feed production, rise in pet ownership, sustainable and ethical sourcing. Major trends in the forecast period include focus on sustainable sourcing, expansion in aquaculture and pet food sectors, customization and tailored solutions, technology advancements in formulations, health and wellness trends.

The increasing demand for pet food is expected to propel the growth of the feed flavor and sweetener ingredients market going forward. Pet food refers to a specialized diet created for domestic animals that meets all their nutritional requirements. Feed flavor and sweetener ingredients refer to taste modifiers that are frequently used to enhance the palatability of animal feed, including pet foods. They aid in ensuring that feed is appetizing and that the recommended feed intake is reached. For instance, in February 2023, according to the United States Department of Agriculture, a US-based federal executive department, in 2022, pet foods worth $304 million were exported from the US to China. There was a rise of 200% in pet food exports, which accounted for a total of 50% of the total imports. Therefore, the increasing demand for pet food is driving the growth of the feed flavor and sweetener ingredients market.

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The feed flavor and sweetener ingredients market covered in this report is segmented –

1) By Type: Feed flavors, Feed sweeteners

2) By Source: Natural, Synthetic

3) By Form: Powder, Liquid

4) By Livestock: Ruminants, Swine, Poultry, Aquatic animals, Other Livestock

Product innovations are a key trend gaining popularity in the feed flavor and sweetener ingredients market. Major companies operating in the feed flavor and sweetener ingredients market are developing innovative solutions to sustain their position in the market. For instance, in November 2022, Archer-Daniels-Midland Company, a US-based animal and human food processing company launched SUCRAM, an in-feed sweetening solution for animal species. This solution activates the swine’s sweet taste receptors and encourages feed intake. These solutions are useful for providing high nutritional value, improving producers’ efficiency, and enhancing animal well-being and health by improving feed intake.

The feed flavor and sweetener ingredients market report table of contents includes:

Executive Summary
Feed Flavor and Sweetener Ingredients Market Characteristics
Feed Flavor and Sweetener Ingredients Market Trends And Strategies
Feed Flavor and Sweetener Ingredients Market – Macro Economic Scenario
Global Feed Flavor and Sweetener Ingredients Market Size and Growth

Global Feed Flavor and Sweetener Ingredients Market Competitive Benchmarking
Global Feed Flavor and Sweetener Ingredients Market Competitive Dashboard
Key Mergers And Acquisitions In The Feed Flavor and Sweetener Ingredients Market
Feed Flavor and Sweetener Ingredients Market Future Outlook and Potential Analysis
Appendix

Top Major Players: