The North American feed flavors and sweeteners market was valued at USD 0.60 billion in 2023 and is anticipated to reach USD 0.62 billion in 2024 from USD 0.85 billion by 2032, estimated to be growing at a CAGR of 3.90% 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 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 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.
With most of the region already developed, research and development investment in this region in this market is pretty great, which is benefitting this market a lot. 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.
In livestock, Cattle is the biggest market followed by swine and poultry.
North America is the second largest market for feed flavor and sweeteners in the world among all the segmented regions accounting for almost 26% of global market share. US is the bigger market among these two countries 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 key players that are dominating the North America feed flavours and sweeteners market.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region