Feed Flavors and Sweeteners Market Size, share 2019, Trend, Global Analysis, Key Players Strategy and Forecast to 2023
The feed flavors and sweeteners market are estimated to expand at a healthy CAGR of 3.3 % during the forecast period (2017-2023) owing to the growing demand for nutritive animal feed products, asserts Market Research Future (MRFR). Feed flavors and sweeteners are synthetic or natural ingredients which are mixed up with poultry, livestock, and feed of other animals to enhance the sensory attributes of animal feed. They are used to improve the bitter taste of animal feed and improve the feed uptake.
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Prominent Key Players
The major players operating the global market are Kerry Group Plc (Ireland), Alltech Inc. (U.S.), Kemin Industries Inc. (U.S.), Prinova Group LLC (U.S.), S.A. (Spain), Biomin Holding GmbH (Austria), Pancosma SA (Switzerland), Grupo Ferrer Internacional, Solvay SA (Belgium), Nutriad Holding BV (the Netherlands), and Norel S.A. (Spain).
The global feed flavors and sweeteners market have been segmented based on form, type, livestock, and region.
By mode of type, the feed flavors and sweeteners market has been segmented into feed flavors and feed sweeteners.
By mode of form, the market has been segmented into liquid, dry, and others.
By mode of livestock, the market has been segmented into poultry, ruminants, swine, aquatic, and others.
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Geographically, the feed flavors and sweeteners marker span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World.
Among all the regions, Asia Pacific is presumed to dominate the global market closely followed by North America. China and India are the key consumers of feed flavors and sweeteners in this region, which further boosts the market growth. Also, with the growing demand for feed additives like flavors and sweeteners among the livestock holders, the market is expected to flourish in the coming years.
Industry/ Innovation/ Related News:
06 Sep 2018: Amyris has announced that its zero-calorie sweetener which has been made from sugarcane has received the designation as Generally Recognized as Safe by an independent expert panel. The designation has been based on US Food & Drug Administration requirements and lets Amyris begin commercially selling its natural, new, zero-calorie sweetener.
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