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Feed Flavor and Sweetener Ingredients Market Size, Share, Growth, Trends, Analysis, Forecast, 2024-2033 | Top Major Key Players, Competitive Landscape
Feed Flavor and Sweetener Ingredients Market
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.
Market Overview -
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.
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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.
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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