Overview and Scope
Feed flavor and sweetener ingredients are natural or synthetic compounds that provide flavor, aroma, and taste to animal feed, making it more appealing to animals and promoting increased feed intake. Feed flavor and sweetener ingredients are used to enhance feed palatability and nutritional value.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the feed flavor and sweetener ingredients market in 2023. It is expected to be the fastest-growing region in the global feed flavor and sweetener ingredients market report during the forecast period. The regions covered in the feed flavor and sweetener ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the feed flavor and sweetener ingredients market report are Alltech Biotechnology Private Limited, Palital Feed Additives B.V., Solvay S.A., E.I. du Pont de Nemours & Company, Kerry Group plc, Kemin Industries Inc., Biomin Holding GmbH, Norel S.A., Nutriad International NV, Pancosma, Phytobiotics Futterzusatzstoffe GmbH, Origination OD Inc., Prinova Group LLC, Kaesler Nutrition GmbH, InRoads International LLC, Aromatech Group, Bell Flavors & Fragrances, Cargill Inc., Diana Pet Food, Firmenich SA, Givaudan SA, International Flavors & Fragrances Inc., Kalsec Inc., Mane SA, Robertet SA, Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, Tate & Lyle PLC, Treatt PLC, Archer-Daniels-Midland Company, Badische Anilin- und Sodafabrik, DSM Nutritional Products AG, Evonik Industries AG, Novus International Inc., Nutreco N.V., Provimi Holding B.V., Royal DSM N.V., Trouw Nutrition International B.V., Zoetis Inc.
The feed flavor and sweetener ingredients market report table of contents includes:
1. Executive Summary
2. Feed Flavor and Sweetener Ingredients Market Characteristics
3. Feed Flavor and Sweetener Ingredients Market Trends And Strategies
4. Feed Flavor and Sweetener Ingredients Market – Macro Economic Scenario
5. Global Feed Flavor and Sweetener Ingredients Market Size and Growth
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31. Global Feed Flavor and Sweetener Ingredients Market Competitive Benchmarking
32. Global Feed Flavor and Sweetener Ingredients Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Feed Flavor and Sweetener Ingredients Market
34. Feed Flavor and Sweetener Ingredients Market Future Outlook and Potential Analysis
35. Appendix
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