Global Feed flavor and sweetener Ingredients Market, By Source Type (Natural and Conventional), Form (Powder, Liquid), Animal (Ruminants, Swine, Poultry, Pets) – Industry Trends and Forecast to 2030.
Feed Flavor and Sweetener Ingredients Market Analysis and Size
Animals are highly rely on their sense of taste and smell to evaluate desirable feed. When feedstuffs have an unpleasant taste and smell, they can result in reduced intake of feed and negatively affect the return on investment for manufacturers. The use of feed flavor and sweetener ingredients has been prompted to improve the taste and smell of animal feeds and hence improves the intake of feed and animal performance. As a result, the demand for feed flavor and sweetener ingredients increase, eventually enhancing the market growth.
Data Bridge Market Research analyses that the feed flavor and sweetener ingredients market is expected to reach USD 7,680.85 million by 2030, which is USD 4,571.87 million in 2022, registering a CAGR of 6.70% during the forecast period of 2023 to 2030. 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.
Feed Flavor and Sweetener Ingredients 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 - 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, Volumes in Units, Pricing in USD
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Segments Covered
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Source Type (Natural and Conventional), Form (Powder, Liquid), Animal (Ruminants, Swine, Poultry, Pets)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Adisseo (France), Alltech (U.S.), Palital Feed Additives B.V. (Netherlands), Solvay (Belgium), Dupont (U.S.), Kerry Group plc (Ireland), ADM (Canada), DSM (Netherlands), Biomin (Austria), Impextraco NV (Belgium), Norel S.A. (Spain), LABORATOIRES PHODE (France), INROADS INTERNATIONAL (U.K.), Kemin Industries Inc. (U.S.), CBS Bio Platforms Inc. (Canada), Kaesler Nutrition GmbH (Germany)
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Market Opportunities
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Market Definition
Feed flavor and sweetener ingredients are those products which are added to compound feed to improve the palatability of feed products and make them more consumable. These additives incorporated in livestock, swine, aquaculture, poultry, and other animal feeds to cover the bitterness of the feed products.
Feed Flavor and Sweetener Ingredients Market Dynamics
Drivers
- Rising demand for flavors and sweeteners ingredients to improve taste and smell of feed products
Feed flavors and sweeteners ingredients are mainly used to improve the smell and taste of the animal feed products. Adding amino acids, vitamins and other supplements makes the taste of the animal feed unpleasant and decreases the consumption of these feed products by the animals. As a result, the demand for the flavors and sweeteners ingredients increases, which is expected to propel the market's growth during the forecast period.
- Surging collaboration and other mergers between market players
The surging collaboration and other mergers between market players is expected to drive the market's growth rate during the forecast period. For instance, Entobel and Adisseo entered into collaboration to improve the insect’s meal production. They mainly focused on the quality of protein meal, performance of the insects and prioritizing the control on the usage of ingredients, and their complementarities with the most important feed additives.
Opportunities
- Increasing consumer awareness regarding food quality
Increasing consumer awareness regarding the quality of meat, as a result the government monitoring authorities such as European Food Safety Authority and the US Food and Drug Administration (USFDA), imposed rules and regulations regarding the food that qualify to be delivered to consumers. As meat consumption is increasing, the market's growth is also witnessing growth. The rising demand for animal nutrition, high awareness, and the ban of using antibiotics in many regions are prompting major market players in the livestock industry to use probiotics, which is anticipated to create the lucrative opportunities for the market growth worldwide.
Restraints/ Challenges
- Fluctuating prices of raw material
The price of raw material is not stable and keeps fluctuating changes, as a result the cost of production also keeps changing which resulted into the instability of price. Therefore, this factor will cause continuous impact on customer demand, which will challenge and affect the overall growth of the feed flavor and sweetener ingredients market during the forecast period.
This feed flavor and sweetener ingredients 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 flavor and sweetener ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2019, Kemin Industries, Inc. launched a natural feed flavour named palteva, which is used in dog feed. With this product launch, company was able to attract more pet owners who particularly showed interest in the natural feed flavors and following the trends of diets. This product launch has strengthened the portfolio of pet food company.
Global Feed Flavor and Sweetener Ingredients Market Scope
The feed flavor and sweetener ingredients market is segmented on the basis of source type, form and animal. 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.
Source Type
- Natural
- Conventional
Form
- Powder
- Liquid
Animal
- Ruminants
- Swine
- Poultry
- Pets
Feed Flavor and Sweetener Ingredients Market Regional Analysis/Insights
The feed flavor and sweetener ingredients market is analyzed and market size insights and trends are provided by country, source type, form and animal as referenced above.
The countries covered in the feed flavor and sweetener ingredients market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to dominate the feed flavor and sweetener ingredients market due to high production of animal feed in this region. China dominates in the Asia-Pacific feed flavor and sweetener ingredients market owing to increasing research and development activities coupled with promising growth rates.
North America is anticipated to be the fastest growing region in feed flavor and sweetener ingredients market during the forecast period of 2023-2030 due to increasing testing rules and regulations towards maintaining animal health in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Feed Flavor and Sweetener Ingredients Market Share Analysis
The feed flavor and sweetener ingredients 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 provided are only related to the companies' focus related to feed flavor and sweetener ingredients market.
Some of the major players operating in the feed flavor and sweetener ingredients market are:
- Adisseo (France)
- Alltech (U.S.)
- Palital Feed Additives B.V. (Netherlands)
- Solvay (Belgium)
- Dupont (U.S.)
- Kerry Group plc (Ireland)
- ADM (Canada)
- DSM (Netherlands)
- Biomin (Austria)
- Impextraco NV (Belgium)
- Norel S.A. (Spain)
- LABORATOIRES PHODE (France)
- INROADS INTERNATIONAL (U.K.)
- Kemin Industries Inc. (U.S.)
- CBS Bio Platforms Inc. (Canada)
- Kaesler Nutrition GmbH (Germany)
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