About Feed Flavors and Sweeteners
In the current market situation, feed flavors and sweeteners have gained a significant position in the industry of feed supplements. The development in the agriculture and food industry is driving huge growth in this market. Various numbers of new players are entering this market by investing in technology development.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 3.4% |
The market is seeing strong growth market players, by looking at huge development in this market the key leading players are heavily focusing on production technologies, efficiency enhancement, and product life. There is numerous growth opportunity in this market that is captured by leading players through tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Feed Flavors and Sweeteners market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nutriad International Dendermonde (Belgium), Pancosma (Switzerland), Alltech (United States), FeedStimulants (Netherlands), BIOMIN Holding GmbH (Austria), DuPont (United States), Norel S.A. (Spain), Prinova Group LLC (United States), Agri-Flavors, Inc. (United States) and Origination O2D, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kerry Group Plc (Ireland) and Pestell Minerals & Ingredients Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Feed Flavors and Sweeteners market by Type (Feed Flavors and Feed Sweeteners) and Region.
On the basis of geography, the market of Feed Flavors and Sweeteners has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Form, the sub-segment i.e. Dry will boost the Feed Flavors and Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Livestock, the sub-segment i.e. Ruminants will boost the Feed Flavors and Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Natural will boost the Feed Flavors and Sweeteners market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Market Competencies
Market Growth Drivers:
The Rise in Awareness of Consumers Towards Quality Meat Products, High Demand for Palatability-Boosting Feed Additives and Development in Meat and Dairy Products Industries
Challenges:
Fluctuating Price of Raw Materials
Restraints:
Lack of Awareness in Developing Countries
Opportunities:
High Availability of Standardized and Commercial Husbandry Practices to Enhance the Quality of Meat Products
Market Leaders and their expansionary development strategies
In April 2023, Sweegen launched of Sweetensify Flavors, its newest flavor tool for food and beverage producers, to create better-for-everyone products. Powered by Sweegen’s novel sweet protein technology that includes brazzein, thaumatin II, and other unique proteins, Sweetensify Flavors improve and modulate sweet flavor, creating a sugar-like experience, thereby pushing the boundaries of healthier product innovation.
In May 2023, EV ANNOUNCE A NEW DISTRIBUTION PARTNERSHIP WITH ADM FOR ANIMAL FEED. The partnership with ADM completes our offer for poultry, ruminant, pig, and aquaculture feed by meeting customer needs, enhancing their animal well-being and performance, as well as reducing the environmental impact of farm animal production.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Feed Flavors and Sweeteners Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.