The Europe feed flavors and sweeteners market was valued at USD 0.33 billion in 2023 and is anticipated to reach USD 0.34 billion in 2024 from USD 0.45 billion by 2032 and estimated to be growing at a CAGR of 3.40% from 2024 to 2032.
The market is showcasing great potential in the mentioned forecasting period. Feed additives are edible substances added to animal food in order to make it tastier or enhance its appearance. Sweetener is a substance used as a substitute of sugar. It is mostly helpful for people suffering from sugar problems or diseases like diabetes, in which the intake of sugar is asked to be very low.
People have been keeping livestock in the 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 and sweeteners mixed to the regular feed for the livestock. It wasn’t until the second half of the twentieth century that RandD 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.
An enormous number of research and innovations in the food sector, which started in the late 20th century and is still going on, have led to the development of a lot of artificial feed flavors and sweeteners. These developments have helped this market a lot because, with new innovations in this market, the cheaper and cheaper product comes into the market and encourage people to use them. Main purpose of using Feed Flavors and 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, the unawareness of what people spend on their livestock is challenging this market.
In livestock, Cattle is the biggest market followed by swine and poultry.
Germany is the biggest market in this region.
Biomin GMBH, E. I. Dupont, Eli Lilly and Company, Ferrer Internacional S.A, Industrial Técnica Pecuaria, Jefo Nutrition Inc, Kerry Group PLC, Phytobiotics, Prinova and Tanke International Group. These are the market players that are dominating the Europe feed flavors and sweeteners market.
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