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A recent report published by Infinium Global Research on feed flavors & sweeteners market provides in-depth analysis of segments and sub-segments in the global as well as regional feed flavors & sweeteners market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional feed flavors & sweeteners market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global feed flavors & sweeteners market. The global feed flavors & sweeteners market was valued at about USD 1.9 billion in 2022 and is expected to reach nearly USD 2.4 billion in 2030, with a CAGR of about 3% during the forecast period 2023-2030.
Feed flavors and sweeteners are commonly used in animal feed to enhance palatability and increase feed intake. Feed flavors are added to improve the taste and aroma of feed, making it more attractive to animals, while sweeteners are used to enhance the sweetness of feed, which can also boost feed consumption. Both natural and synthetic sources can be utilized to derive feed flavors and sweeteners. The growing need to enhance the palatability of animal feed has led to increased use of feed flavors and sweeteners, resulting in improved feed intake and animal performance. Feed flavors and sweeteners can improve the taste and aroma of feed, making it more palatable to animals and encouraging them to eat more. Feed flavors and sweeteners promoting increased feed consumption, also can help improve the overall health of animals.
The market for feed flavors and sweeteners is expected to grow due to the increasing demand for high-quality animal protein, which requires efficient animal production. The use of feed flavors and sweeteners can improve animal performance, increase feed efficiency, and reduce stress-related problems, ultimately leading to better productivity and profitability for farmers. Growing demand for specialty feeds for different animal species, such as pets, aquaculture, and poultry expected to boost the market Growth. Rising demand for feed additives that can improve gut health and overall animal wellness, which may create demand for new types of feed flavors and sweeteners with additional health benefits stringent government regulations on the use of feed additives, which may limit the availability and use of certain types of feed flavors and sweeteners this factor expected to hamper the market growth. Also, the increasing use of precision feeding technologies, such as precision dosing and precision feeding, may create opportunities for market growth.
Geographically the feed flavors and sweeteners market is segmented as North America, Asia Pacific, Europe, and RoW. The North, American feed flavors and sweeteners market is expected to significantly grow due to the increasing demand for meat and dairy products, as well as the presence of a well-established livestock industry. The European market for feed flavors and sweeteners is expected to grow due to the increasing demand for organic and natural feed additives, as well as the stringent regulations related to animal feed production. The Asia Pacific market for feed flavors and sweeteners is expected to witness significant growth due to the increasing population and rising demand for meat and dairy products. The region is home to some of the world's largest livestock populations and a growing middle class with an increasing demand for high-quality animal products. The global feed flavors and sweeteners market is expected to experience significant growth in the coming years, driven by the increasing demand for high-quality and palatable animal feed. The market is expected to be characterized by the development of new and innovative products, as well as the increasing focus on sustainable and natural feed additives.
The report on global feed flavors & sweeteners market covers segments such as type, animal type, and form. On the basis of type, the sub-markets include flavors, and sweeteners. On the basis of animal type, the sub-markets include ruminants, swine, poultry, and other animal types. On the basis of form, the sub-markets include dry, and liquid.
The report provides profiles of the companies in the market such as Bioergex Salatas Bros S.A., Pancosma, FeedStimulants, Pestell Nutrition Inc., Cargill, Incorporated, Kerry Group plc, Nutriad (acquired by Bluestar Adisseo Co.), NOVUS INTERNATIONAL, Kaesler Nutrition GmbH, and Kemin Industries Inc..
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the feed flavors & sweeteners market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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