Feed Flavours Market

Global Feed Flavours Market Size (2024 to 2032)

The global feed flavors market was valued at USD 14744 million in 2023 and is anticipated to reach USD 15599 million in 2024 from USD 24490 million by 2032, growing at a CAGR of 5.8% from 2024 to 2032.

Flavors are final preparations added to feed products to stimulate or change a featured taste, maintain the flavor after processing, modify a present existing flavor, and guise an unneeded flavor. The rise in the call for processed and canned foods mainly drives the business across the world. Furthermore, other factors like the innovation of technologies, the introduction of the latest flavors, and the high inflow of funds in R&D activities fuel the market expansion. Additives incorporated in the animal feed to improve the taste and sweetness are known as feed flavors & sweeteners.  

The use of natural products for livestock is on the escalation among customers due to a rise in health awareness. Hence, manufacturers plan to advance the latest & innovative formulations, like natural food flavors obtained from exotic fruits, in the Feed Flavours market. In addition to that, market players have adopted the latest & developed technologies like solid-liquid extraction (SLE), supercritical carbon dioxide extraction, supercritical fluid extraction, and others for better extraction and to obtain the original flavor. Launch of the latest characteristics and adoption of technologies fuel the expansion of the Feed Flavours market. Besides, factors like the rise in the call for processed foods with the rise in disposable incomes, the increase in the call in different food applications, and the expansion in the popularity of exotic flavors are estimated to offer immense opportunities for the Feed Flavours market in the future. 

McCormick introduces the transformation of flavor forecast for 2019. McCormick & Co. has declared it’s jumpstarting a year-round, always-on-flavor news approach to its nearly 20-year-old annual analysis. Flavor Forecast, which has always highlighted fresh flavor insights and inspiration from around the world, will now convene in real-time a growing flavor conversation through podcasts, a video series, Instagram, and Pinterest. 

Market Drivers and Restraints

Customers all over the world are demanding quality meat more and more owing to the rising awareness of the nutritional dynamics of these products. Apart from this, income development, urbanization, and changes in lifestyles are the significant factors affecting the call for high-quality food for their livestock. Customers are now becoming more conscious of the quality of food and the advantages related to food products. As an output, the production of healthy and quality livestock has become significant, resulting in the rise in the call for quality feed with excellent palatability. Hence, flavors and sweetener products are estimated to see a high appeal in the future years. The livestock segment is still growing in advancing countries like Argentina, India, and Brazil. Nevertheless, a high number of these countries still depend on forages, crop residue, and open grazing to feed the livestock and do not stress the feed quality or taste.  

The changing cost of raw materials is the key challenge being faced by feed flavors and sweetener competitors. The costs of raw materials like citrus fruits and butter are volatile, which leads to the high price of production and affects the values of the final products. Livestock animals eat citrus-flavored feeds more than other flavors, and hence, they are demanded by livestock producers. Nevertheless, the changes in the costs of citrus fruits like orange and grapefruit have been a significant challenge for animal feed flavor producers and have been affecting the price of final flavor feed products. To meet the quality standards and to obtain healthy livestock, a high call for useful and palatability-improving feed ingredients is seen from major husbandries and commercial farms. Hence, the rising number of standardized husbandries and commercial farms are estimated to build the latest opportunities for feed flavors and sweeteners players in the international marketplace. 

REPORT COVERAGE

SEGMNET ANALYSIS

Global Feed Flavours Market By Type

 Among the types of sectors, the flavors sector is estimated to rise at the highest CAGR during the foreseen period in the global feed flavors market. Feed flavors improve the taste and smell of feed to maintain feed consumption by escalating feed intake, hence enhancing the performance of the livestock. 

Global Feed Flavours Market By Livestock

The swine livestock sector is estimated to showcase a quicker development rate in the global feed flavors market, as swine experiences different physical, physiological, and behavioral changes during the three various phases of their lifespan that may result in reduced feed intake and high weight loss. In order to tackle these problems, feed additives like sweeteners and flavors are mixed in the diets of pigs. These additives assist in escalating the feed intake and enhance the expansion performance of such animals.

REGIONAL ANALYSIS

The Asia Pacific is likely to be the biggest region throughout the foreseen period. The Asia Pacific, feed flavors market, has the most significant share of the global business in 2020 due to the rise in increasing awareness among customers relating to the effect of quality feed offered to livestock on animal-based products like meat and dairy products. Furthermore, constant modernization of animal production techniques is estimated to drive the call for feed additives like flavors and sweeteners in this area. The feed flavor market is probable to see high expansion in growing regions like East Asia and South Asia due to the constant modernization of animal production and rearing methods. Furthermore, there is rising awareness among customers relating to the effect of the quality of the feed that is offered to the livestock.

Developed regions like North America are probable to hold a leading share in the global feed flavor market. Increasing concerns relating to the palatability of particular feeds are significant factors that are influencing the expansion of the feed flavor business in this locale.

KEY MARKET PLAYERS

Nutriad International Dendermonde (Belgium), Pancosma  (Switzerland), Alltech (U.S.), FeedStimulants (Netherlands), BIOMIN Holding GmbH (Austria), DuPont (US), Norel S.A. (Spain), Prinova Group LLC (US), Agri-Flavors, Inc. (US), Origination O2D, Inc. (US), Kerry Group Plc (Ireland), and Pestell Minerals & Ingredients Inc. (Canada), Nutriad International Dendermonde (Belgium), Pancosma (Switzerland)

These players have wide product offerings that lead to most of the regions worldwide. Visionary leaders mainly focus on gaining a dominating market position through their strong financial capabilities and their highly established brand name. 

DETAILED SEGMENTATION OF THE GLOBAL FEED FLAVORS MARKET INCLUDED IN THIS REPORT

This research report on the global feed flavors market is segmented and sub-segmented into the following categories.

By Type

• Flavors
• Sweeteners

By Livestock

• Ruminants
• Swine
• Pets
• Others 

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa