Study on Feed Flavors & Sweeteners Market by Infinium Global Research is a comprehensive presentation of qualitative and quantitative research to identify key trends, growth prospects, drivers, restraints, and opportunities in the global market. The report also deep dives into the sub-segments of the feed flavors & sweeteners market by Type - Flavors, and Sweeteners; Animal Type - Ruminants, Swine, Poultry, and Other Animal Types; Form - Dry, and Liquid through main geographies in the global market such as North America, Europe, Asia-Pacific, and RoW. Browse through over 100 tables and figures to get a complete view of the global and regional markets for feed flavors & sweeteners over the period of 2023 to 2030. The global feed flavors & sweeteners market was valued at about USD 1.9 billion in 2022 and is expected to reach nearly USD 2.4 billion in 2030, with a CAGR of about 3% during the forecast period 2023-2030.
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Animal feed can be made more palatable, and the intake of feed can be increased by adding flavors and sweeteners. The addition of flavor and sweetness can cover up disagreeable aromas and odors, which may encourage animals to consume more feed. They are frequently employed in medicinal feed as well as feed that contains byproducts that have a disagreeable taste and odor to entice farm animals to eat that feed. In the upcoming years, the market is expected to be driven by these reasons.
Ruminants are Estimated to Hold the Dominance Over the Market
The feed flavors and sweeteners market is segmented into Type, Animal Type, and Form. On the basis of animal type, the market is segmented into ruminants, swine, poultry, and others. It is anticipated that ruminants will account for a sizeable portion of the worldwide feed taste and sweetener market. During lactation, flavors, and sweets are quite advantageous. The addition of tastes and sweeteners to cow feed can help to maintain health and milk production because the feed intake of cattle declines during lactation. If their feed intake is not appropriate and sufficient, the demands imposed on cows during lactation may cause them to lose body weight. The producers of animal feed use the dry form of feed flavors and sweeteners because it is simpler to use.
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Asia-Pacific is Projected to Dominate the Market
During the forecast period, Asia Pacific is projected to account for a sizable portion of the global feed flavors and sweeteners market. The demand for feed tastes and sweeteners is expected to rise as consumers become more aware of the benefits of feeding animals high-quality feed. The demand for high-quality feed that contains tastes and sweets is expected to increase as the region's production of livestock, such as poultry and ruminants, rises.
Natural flavors and sweeteners are expected to be used more frequently in the manufacturing of animal feed due to the high-profit margins connected with the production of organic meat. In the global market for feed flavors and sweeteners, North America is expected to experience rapid expansion. Consumers are becoming more aware of the benefits of consuming high-quality meat products as well as the quality of the meat they consume. As a result, raising healthy, high-quality livestock has become crucial, which has increased demand for better-tasting, higher-quality feed.
Major Players in the Market
The major players operating in the global feed flavors and sweeteners market are Bioergex Salatas Bros S.A., Pancosma, FeedStimulants, Pestell Nutrition Inc., Cargill Inc., Kerry Group, Nutriad (Bluestar Adisseo), Novus International, Kaeslar, Kemin Industries Inc., and Others. The most widely used methods for these businesses are mergers and acquisitions and, occasionally, collaborations for funding the development of new products and the advancement of research.
For instance, Adisseo and Entobel began working together in May 2022 to improve the production of insect meals. This collaboration was centered on the effectiveness of the insects and the quality of protein meals, prioritizing the control of the ingredients used to feed insects and their complementarities with the most crucial feed additives, like methionine and enzymes. Novus International announced the opening of a new corporate office in Bangalore, India, in April 2022. This will allow for more frequent customer interaction as Bangalore is close to several poultry hubs, including Coimbatore, Namakkal, Hospet, and others, and will also help the city's economy grow.
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=> Comprehensive analysis of global as well as regional markets of feed flavors & sweeteners.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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