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Feed Flavor and Sweetener Ingredients Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Feed Flavor and Sweetener Ingredients
The Business Research Company offers in-depth market insights through Feed Flavor and Sweetener Ingredients Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - Surging Pet Food Demand Fuels Growth In Feed Flavor And Sweetener Ingredients Market
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.
Competitive Landscape:
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.
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Top Trend - Archer-Daniels-Midland Introduces Sucram A Sweetening Solution Enhancing Feed Intake In Animal Species
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 Table Of Content For The Market Report Include:
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. Feed Flavor and Sweetener Ingredients Market Size And Growth
…..
27. Feed Flavor and Sweetener Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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