The Asia Pacific Feed Flavors and Sweeteners Market was worth USD 0.82 Billion in 2021 and estimated to be growing at a CAGR of 4%, to reach USD 0.99 Billion by 2026.
The market is showcasing great potential in the mentioned forecasting period in this region. Feed additives are the edible substances added to the animal feed in order to make it tastier and also provide some extra nutrients. Sweetener is a substance used as a substitute of sugar. It is mostly helpful for the people suffering from sugar problems or disease like diabetes in which the intake of sugar is asked to be very low.
People have been keeping livestock in form of cattle for a long time for their own benefits like milk and wool from sheep. In order to keep these livestock healthy, they need to provide better food to them, which was provided back then in the form of natural feed additives & sweeteners mixed to the regular feed for the livestock. It wasn’t until the second half of twentieth century, when a R&D started increasing in this sector and many more food additives started coming into the market, of both natural and artificial origin. Same is in the case of sweeteners, they come from both natural sources and are also manufactured artificially.
Enormous number of developments and innovations in the food sector which started in late 20th century and is still going on has led to the development of a lot of artificial feed flavors and sweeteners. These developments has helped this market a lot because with new innovations in this market, more cheaper and cheaper product comes in market and encourage people to use them. Also, the large population in this market and dependency of a large part of population on livestock is a major factor for the Asia-Pacific being the largest Feed Flavor and Sweetener market in the world. Main purpose of using Feed Flavors & sweeteners in animal feed is to remove the bitter taste of minerals, vitamins and other medicines to increase the intake of animals. On the other hand, unawareness of people to spend on their livestock is challenging this market.
Asia Pacific Feed Flavors and Sweeteners Market - By Type:
Natural and Artificial Feed Flavors & Sweeteners
In livestock, Cattle is the biggest market followed by swine and poultry.
Asia Pacific Feed Flavors and Sweeteners Market - By Livestock:
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