North America Feed Flavors and Sweeteners Market, By Type (Feed Flavours, Feed Sweeteners), By Nature (Conventional, Organic), Form (Dry, Liquid), Livestock (Ruminants, Swine, Poultry Pets, Equine, Aquaculture, Others) – Industry Trends and Forecast to 2030.
North America Feed Flavors and Sweeteners Market Analysis and Size
Rising demand for feed flavors and sweeteners in wide industrial applications is accelerating the use of feed flavors and sweeteners products which drives the market. Allergies associated with feed flavors and sweeteners are acting as a restraint for the market. Increased awareness about health and nutrition is creating an opportunity for the market. The easy availability of feed flavors and sweetener substitutes is challenging for the market.
Data Bridge Market Research analyses that the feed flavors and sweeteners market, which was USD 333.55 million in 2022, would rocket up to USD 469.37 million by 2030 and is expected to undergo a CAGR of 4.4% during the forecast period. The complete Form of feed flavors and sweeteners dominates the form segment of the feed flavors and sweeteners market owing to the growing number of companies providing several feminized seeds for home gardeners and growers for medical or recreational purposes. 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.
North America Feed Flavors 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, Volumes in Units, and Pricing in USD
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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, Others)
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Countries Covered
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U.S., Canada, and Mexico
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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), Alltech (U.S.)
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Market Opportunities
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Market Definition
Feed flavors and sweeteners are derived from the genus Corylus species, mainly from the nuts of the species Corylusavellana. It is used in various industrial applications such as food and beverages, food service, cosmetic, and others. Feed flavors and sweeteners are a type of nut that can be consumed as a snack and is comprised of various benefits such as it is used for various health problems. In personal care & cosmetics, it is used for making natural hair care and skin care products.
North America Feed Flavors and Sweeteners Market Dynamics
Drivers
- Increased business of dairy and meat products
With changing times, 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 their qualities and health benefits as it is rich in protein and high in amino acids required by the human body for metabolism. It is a driver for growing global feed flavors and sweeteners market demand.
- Rising awareness towards better quality meat products
Nowadays, people are literate and well aware of how health is most important and what content they should eat should be more appropriate. More than being health conscious, youth is more physique conscious. So many people have shifted towards a meat diet due to high protein and for those who want to stay well in shape as prescribed by dieticians. To them, quality is one of the important factors to be considered as it is directly related to feeding the livestock.
- High demand for flavored feed products
A healthy, nutritious, and full vitamin diet plays a vital role in the life of animals and humans. But in the case of an animal, be it a pet or livestock, the taste of nutritious feed is very bad, which acts as a hindrance between the animal and growth as due to bad taste, animals cannot consume the appropriate amount of feed which indirectly adversely impacts the health of livestock.
Moreover, increasing demand for feed flavors has pushed feed additives and ingredient manufacturers to expand their business. And hence companies are coming up with new flavors and customization facilities. Not only this, but the manufacturers are also taking active participation in exhibitions for their product launch to spread awareness about new products.
Opportunity
- Rise in the demand for 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.
The growing expansion of the animal nutritional business includes acquisition, merger, partnership, collaboration, and joint venture by the giant feed flavors and sweetener manufacturers to develop new feed additives, boosting the market's growth.
Restraint/Challenge
- Lack of awareness regarding animal husbandary
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.
Consumers, such as farmers who perform these husbandry activities, lack awareness. The product feed flavors and sweeteners are not known to them; hence, they cannot even figure out the need for the same. In addition, there are many more factors, such as the high cost of products, no tax exemption, proper government support along with less or negligible monitoring of the import of animal feed industry, and many others, adversely affecting the overall market. Thus, it acts as a restraint for the market.
Recent Developments
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In March 2020, Alltech announced their partnership with Corey Nutrition, the aquafeed nutrition company to provide a wide range of feed in the North America region. This collaboration offered new range of aquafeed with the enriched nutritional composition to enhance the production of aqua species
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In February 2020, Layn Corp. announced the launch of 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 customer.
North America Feed Flavors and Sweeteners Market Scope
North America feed flavors and sweeteners market is categorized into four notable segments which are 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 insights to help them make strategic decisions for identifying core market applications.
TYPE
- Feed Flavors
- Feed Sweeteners
NATURE
- Organic
- Conventional
FORM
- Dry
- Liquid
LIVESTOCK
- Ruminants
- Swine
- Poultry
- Pets
- Equine
- Aquaculture
- Others
Feed Flavors and Sweeteners Market Regional Analysis/Insights
The feed flavors 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 U.S., Canada, and Mexico.
U.S. dominates the feed flavors and sweeteners market because of the strong base of consumers, strong presence of major players in the market and rising number of research activities in this country in terms of market share.
U.S. is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increasing demand among consumers about health benefits of feed flavors and sweeteners growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for feed flavors and sweeteners in the country.
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 Feed Flavors and Sweeteners Market Share Analysis
The 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 provided are only related to the companies' focus related to the market.
Some of the major players operating in the 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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