Animals rely heavily on their senses of taste and smell to assess desirable nutrition. When feedstuffs have an unpleasant taste and smell, it can lead to lower feed intake and a lower return on investment for manufacturers. Feed flavor and sweetener components have been used to improve the taste and smell of animal feeds, which improves feed intake and animal performance. As a result, the need for feed flavor and sweetener components rises, boosting market growth.
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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. The increased usage of feed flavor and sweetness compounds in medical veterinary products has resulted in a rise in the production of feed flavor and sweetener ingredients in products. Other reasons driving the growth of the feed flavor and sweetener ingredients market are consumer complaints, more international trade, and rising consumer health concerns.
Growing consumer awareness regarding consumer quality is expected to drive the market's growth rate
As consumer awareness of meat quality has grown, government monitoring agencies such as the European Food Safety Authority and the United States Food and Drug Administration (USFDA) have put laws and regulations on the food that can be given to consumers. As meat consumption rises, so does the market's expansion. Rising demand for animal nutrition, more awareness, and the ban on the use of antibiotics in many places are encouraging leading market players in the livestock industry to employ probiotics, which is expected to generate profitable potential for market expansion globally.
Report Scope and Market 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, 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, South Africa, Egypt, Israel, 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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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis
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Segment Analysis:
Global feed flavor and sweetener ingredients market is segmented into three notable segments which are based on the basis of source type, form and animal.
- On the basis of source type, the feed flavor and sweetener ingredients market is segmented into natural and conventional. Natural segment is dominating the feed flavor and sweetener ingredients market with the market share of 25.81% owing to factors such as it is extracted from natural sources with less possibility of side effects and their functionality impacts the demand positively for the segment growth.
- On the basis of form, the feed flavor and sweetener ingredients market is segmented into liquid and powder. Powder segment dominates the feed flavor and sweetener ingredients market with the market share of 79.68% as it impacts intake content, as well as the nutrition level.
The powder segment will dominate the form segment of the feed flavor and sweetener ingredients market
The powder segment will emerge as the dominating segment form segment. This is because of the growing number of distribution channels in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of animal, the feed flavor and sweetener ingredients market is segmented into ruminants, swine, poultry and pets. The ruminants segment dominates the feed flavor and sweetener ingredients market with the market share of 41.24% as feed flavor and sweetener ingredients helps to improve their feed intake which eventually increase their weight and lactation capacity and other essential healthy benefits.
The ruminants segment will dominate the animal segment of the feed flavor and sweetener ingredients market
The ruminants segment will emerge as the dominating segment under animal with approximately 42.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the animal feed industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: 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).
Market Development
- In 2022, Adisseo and Entobel announced a collaboration to improve the production of insect meal, with a focus on insect performance and protein meal quality, with a focus on controlling the ingredients used to feed insects and their complementarities with the most important feed additives, such as methionine and enzymes.
- In 2022, Novus International established a new corporate office in Bangalore, India, in April, to promote regular engagement with clients because the city is near poultry centres such as Coimbatore, Nammakal, Hospet, and others, and it facilitates company growth.
- In 2021, BioMar announced the introduction of a new pellet size in the INICIO Plus product family in December. The INICIO Plus pellets have a diameter of 0.35 mm and are designed to provide the nutritional needs of the fry while also providing a "improved feeding experience." This expansion of the INICIO Plus pellet size range promotes healthy growth in a variety of fish species, including trout, salmon, and others.
Regional Analysis
Geographically, the countries covered in the 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 Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, 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.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the feed flavor and sweetener ingredients market during the forecast period 2023 - 2030
Given the significant output of animal feed in this region, Asia-Pacific is likely to dominate the feed flavor and sweetener components market. Given the increased R&D activity and potential growth rates, China dominates the Asia-Pacific feed flavor and sweetener components market.
North America is estimated to be the fastest growing region in the feed flavor and sweetener ingredients market in the forecast period 2023 - 2030
Given the increased testing laws and regulations aimed at protecting animal health in this region, North America is expected to be the fastest expanding region in the feed flavor and sweetener components market during the forecast period of 2023-2030.
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