Middle East and Africa 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.
Middle East and Africa Feed Flavor and Sweetener Ingredients Market Analysis and Size
Animals 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 the intake of feed and a 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 114.44 million by 2030, which is USD 82.34 million in 2022, registering a CAGR of 4.20% 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.
Middle East and Africa 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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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)
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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 flavors and sweeteners ingredients are intake by animals such as in aquaculture, livestock, poultry, swine, and other animal feeds to mask the bitterness of feed. The feed intake by animals depends on various factors, such as genotype, thermal environment, stocking density and dietary factors, these ingredients are included as they improve the taste and smell of the feed. As a result, increased intake of feed by the livestock and other animals.
Middle East and Africa Feed Flavor and Sweetener Ingredients Market Dynamics
Drivers
- Rising awareness among consumers regarding high-quality feed
The increasing awareness regarding high-quality feed among consumers provided to livestock such as ruminant and poultry is likely to boost the demand for the feed flavors and sweetener ingredients. The rise in the production of feed for ruminant and poultry in developing countries of Middle East and Africa is expected to increase the usage of flavor and sweetener ingredients in this region, driving the regional market growth. Thus, the growing demand for healthy production of feed product for livestock has become important and leading factor to increase the demand for high-quality feed such as feed with flavor and sweetener ingredients. Hence, increasing awareness regarding high-quality feed among consumers is anticipated to propel the market growth.
- Rising production of animal feed
The increasing demand for mass production of meat and safe human food has received significant attention to the feed flavor and sweetener ingredients. The promising potential of flavor and sweetener in cattle and swine feed encourages manufacturers to use such additives. The dietary insertion of flavor and sweetener additives has a positive effect on the animal's health because they are mixed with other feed additives that help produce indigenous lactic acid bacteria. Thus, the high usage of feed flavor and sweetener ingredients in animal feed is expected to propel the market growth
Opportunities
- Growing demand for quality based meat products
The demand for quality meat products is increasing worldwide owing to growing consumer awareness regarding nutrition based foods. Changing lifestyles, growing urbanization, and increasing income are some major factors that increase the demand for quality foods. With increasing demand for high quality of meat products, the livestock producers provide healthy and quality livestock to fulfil the quality standards required by different markets and various food players in this region. According to the Food and Agriculture Organization, the protein obtained from animal product consumption is around 33 percent. So, the demand for meat products is growing. The manufacturers are using flavor and sweetener ingredients to increase feed intake and quality meat supply to consumers. Therefore, increasing demand for quality meat products is expected to create lucrative opportunities for the market growth.
Restraints/ Challenges
- Instability in the price of raw materials
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 a 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.
Middle East and Africa 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 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).
South Africa is expected to dominate the feed flavor and sweetener ingredients market due to high demand of these ingredients in the Southern region. Moreover, increasing demand of the flavoured feed to enhance the palatability of animal and highest production of animal feed will further drive the market growth in the market.
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 Middle East and Africa 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, Middle East and Africa 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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