The global feed flavors and sweeteners market was valued at USD 2.32 billion in 2023 and is anticipated to reach USD 2.40 billion in 2024 from USD 3.19 billion by 2032, growing at a CAGR of 3.60% from 2024 to 2032.
The market is showcasing great potential in the mentioned forecasting period. Feed additives are the edible substances added to the 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 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 the form of cattle for a long time for their own benefit, 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 with 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.
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, cheaper and cheaper products are coming into the market and people are being encouraged to use them. The 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, the unawareness of what people spend on their livestock is challenging this market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
3.60% |
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Segments Covered |
By Type, Livestock and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Biomin GMBH, E. I. Dupont, Eli Lilly and Company, Ferrer Internacional S.A, Industrial Técnica Pecuaria, Jefo, Nutrition Inc, Kerry Group PLCPhytobiotics, Prinova, Tanke, International Group and Others. |
The global market for feed flavors and sweeteners is segmented into Asia-Pacific, North America, the Middle East, Africa, Latin America, and Europe. Asia-Pacific has the largest market share among all the segmented regions. It is also the fastest-growing region in the world.
Biomin GMBH, E. I. Dupont, Eli Lilly and Company, Ferrer Internacional S.A, Industrial Técnica Pecuaria, Jefo Nutrition Inc, Kerry Group PLC, Phytobiotics, Prinova, Tanke International Group. Some of the market players dominate the global feed flavors of sweeteners market.
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