Asia-Pacific Feed Flavours and Sweeteners Market, By Type (Feed Flavours, Feed Sweeteners), By Nature (Conventional, Organic), Form (Dry, Liquid), Livestock (Ruminants, Swine, Poultry, Pets, Equine, Aquaculture) – Industry Trends and Forecast To 2030.
Asia-Pacific Feed Flavours and Sweeteners Market Analysis and Size
The feed flavor and sweeteners are the palatability boosters as they neutralize the bad taste of the feed. The growing health-conscious population demands good quality meat is also increasing, which further pushes the demand for feed flavors and sweeteners. The feed flavors and sweeteners are witnessing strong growth owing to increased awareness amongst the customers as it is required in feed to make it appealing for livestock. With changing needs and requirements of the consumer and the increasing need for feed flavors and sweeteners market, the share of feed flavors and sweeteners is also increasing. People are realizing the need for good quality meat and that good quality meat can be derived from healthy livestock only.
Data Bridge Market Research analyses that the feed flavors and sweeteners market, which was USD 2,917.96 million in 2022, would rocket up to USD 5,127.17 million by 2030 and is expected to undergo a CAGR of 7.30% during the forecast period. The conventional segment has the largest market share. Most animal farming is of breeders, and the high cost of producing non-GMO livestock has led to the consumption of conventional-based flavors and sweeteners. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Asia-Pacific Feed Flavours and Sweeteners Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Type (Feed Flavours, Feed Sweeteners), By Nature (Conventional, Organic), Form (Dry, Liquid), Livestock (Ruminants, Swine, Poultry, Pets, Equine, Aquaculture)
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Countries Covered
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China, Japan, India, Australia, Singapore, South Korea, Malaysia, Indonesia, Thailand, Philippines, New Zealand, Vietnam, and rest of Asia-Pacific
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Market Players Covered
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Prinova Group LLC (A Subsidiary of NAGASE & CO., LTD.) (U.S.), Kemin Industries, Inc. (U.S.), pancosma (Switzerland), Norel Animal Nutrition, Layn Corp. (China), Dupont (U.S.), Lucta (Spain), Pet Flavors Inc., Phytobiotics Futterzusatzstoffe GmbH (Germany), Jefo (Canada), Canadian Bio-Systems Inc (Canada), Adisseo (France), HYET Sweet (China), BARENTZ (Netherlands), and Alltech (U.S.)
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Market Opportunities
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Market Definition
Feed flavors and sweeteners are feed additives usually used to neutralize the bitter taste of the feed. The taste of feed is bitter due to micronutrients such as vitamins, minerals, and others. To maintain the nutritional value of feed and make it edible for livestock, it is necessary to add several types of neutralizers. As people are more inclined and conscious of their health, the need for quality meat is also increasing. Thus, to get healthy meat, livestock must be healthy. A healthy and nutritious diet is very important to keep livestock healthy and to maintain specific consumption of nutritional feed by livestock. It is necessary that feed is appealing to livestock, and feed flavors and sweeteners serve the purpose.
Asia-Pacific Feed Flavours and Sweeteners Market Dynamics
Drivers
- Increased business of dairy and meat products
With changing time, it has been witnessed that people's needs keep changing rapidly. Now people are becoming increasingly aware of health and physique consciousness. People think before eating, which has directly hit the consumption pattern of meat and dairy products as they are rich in protein and have few carbohydrates. Increased demand for meat products is due to its qualities and health benefits as it is rich in protein and high in amino acids, which the human body requires for metabolism. With the increasing demand for dairy and meat products, the production of meat and dairy products is also increasing to cater to the increasing need and demand for meat and dairy products.
- Rising awareness towards better quality meat products
An apt amount of healthy feed must be consumed by livestock and to make healthy feed edible for livestock flavors and sweeteners also plays an important role. Feed and flavors boost the palatability of feed by improving the taste and making it appealing for animals, which upsurges the demand for animal feed and flavors market. Rising awareness towards better meat quality by customers has compelled the manufacturers to produce and come up with various flavors for the feed. Therefore, increasing awareness for better quality meat products will automatically enhance the demand for feed flavors.
- High demand for flavored feed products
Increasing demand for feed flavors has also pushed feed additives and feed ingredient manufacturers to expand their business. Hence companies are coming up with new flavors and customization facilities. Manufacturers also actively participate in exhibitions for product launches to spread awareness about new products. Thus, increasing demand for feed flavors and the continuous involvement of manufacturers in catering the individual needs are helping the market share of feed flavors and sweeteners to grow.
Opportunity
- Growth in the demand for the meat products
The growth in the demand for meat products due to the demand for protein-enriched meals has boosted the meat market. The high demand for meat-based products has led feed manufacturers to expand their businesses to provide opportunities in the animal feed sector. The acceptance of pork, lamb, poultry meat, and eggs due to their nutritional benefits has led to their consumption and production in various regions.
Restraints/Challenges
- Lack of awareness in developing countries
Feed is directly related to animal husbandry. Animal husbandry is an agricultural activity related to animals from which meat, egg, fiber, and other products are derived. These animals are nicely fed so that more meat is derived from them. These activities are mostly performed by farmers who are not generally literate. So they don't understand the importance of flavors and sweeteners in feed. And in developing countries, animal husbandry and farming are the major activities. The product feed flavors and sweeteners are not known to them; hence, they cannot even figure out the need for the same.
This feed flavours and sweeteners market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, Market share, impact of domestic and localized Market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market . To gain more info on the feed flavours and sweeteners market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
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In March 2020, Alltech announced its partnership with Corey Nutrition, the aquafeed nutrition company, to provide a wide range of feed in the North American region. This collaboration will offer a new range of aquafeed with an enriched nutritional composition to enhance the production of aqua species.
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In February 2020, Layn Corp. announced the launch of a new business unit TruGro Animal Nutrition. This unit will be dedicated to animal nutrition by focusing on palatability, natural anti-oxidation, gut health, and AGP replacement. This expands the product portfolio of the company serving more and more needs of customers.
Asia-Pacific Feed Flavours and Sweeteners Market Scope
The Asia-Pacific feed flavours and sweeteners market is segmented into four notable segments based on type, nature, form, and livestock. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
TYPE
- Feed Flavors
- Feed Sweeteners
NATURE
- Organic
- Conventional
FORM
- Dry
- Liquid
LIVESTOCK
- Poultry
- Swine
- Ruminants
- Pets
- Equine
- Aquaculture
- Others
Asia-Pacific feed flavours and sweeteners market Regional Analysis/Insights
The Asia-Pacific feed flavours and sweeteners market is analysed and market size insights and trends are provided by type, nature, form, and livestock as referenced above.
The countries covered in the feed flavors and sweeteners market report are China, Japan, India, Australia, Singapore, South Korea, Malaysia, Indonesia, Thailand, Philippines, New Zealand, Vietnam, and rest of Asia-Pacific.
China dominates the Asia-Pacific feed flavors and sweeteners market because of the strong base of consumers, the strong presence of major players in the market, and the rising number of research activities in this country in terms of market share.
China is expected to witness significant growth during the forecast period of 2023 to 2030 due to the country's high demand for organic and nutritious feed flavours and sweetener products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the Market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Feed Flavours and Sweeteners Market Share Analysis
The Asia-Pacific feed flavors and sweeteners market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points only relate to the companies' focus on the market.
Some of the major players operating in the Asia-Pacific feed flavors and sweeteners market are:
- Prinova Group LLC (A Subsidiary of NAGASE & CO., LTD.) (U.S.)
- Kemin Industries, Inc. (U.S.)
- pancosma (Switzerland)
- Layn Corp. (China)
- Dupont (U.S.)
- Lucta (Spain)
- Phytobiotics Futterzusatzstoffe GmbH (Germany)
- Jefo (Canada)
- Canadian Bio-Systems Inc (Canada)
- Adisseo (France)
- HYET Sweet (China)
- BARENTZ (Netherlands)
- Alltech (U.S.)
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