Feed Flavors and Sweeteners Market Worth 1,463.0 Million USD by 2022
PUNE, India, September 26, 2017 /PRNewswire/ --
The report "Feed Flavors and Sweeteners Market by Type (Feed Flavors and Feed Sweeteners), Livestock (Ruminants, Swine, Poultry, Aquatic Animals), Form (Dry and Liquid), Source (Natural and Synthetic) and Region - Global Forecast to 2022", published by MarketsandMarketstm, the market is estimated to value at USD 1,236.1 Million in 2017. It is further projected to reach a value of USD 1,463.0 Million by 2022, at a CAGR of 3.4% from 2017. The market is driven by factors such as increasing demand for palatability boosting ingredients, growing meat and dairy products industries, and increasing awareness of consumers towards quality meat products. Additionally, the implementation of innovative husbandry practices to improve quality of meat product provide feed flavors and sweeteners producers and distributors with lucrative opportunities.
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Browse 102 Market Data Tables and 44 Figures spread through 153 Pages and in-depth TOC on "Feed Flavors and Sweeteners Market - Global Forecast to 2022"
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Feed flavors segment, by type, is estimated to dominate the Feed Flavors & Sweeteners Market in 2017
The feed flavors segment, by type, is estimated to be the largest in the Feed Flavors & Sweeteners Market. Feed flavor enhances the taste and smell of feed that leads to the increase in feed intake of livestock and overall improved growth performance as well. Thus, feed flavors are largely utilized by feed producing companies to improve the efficacy of feed products. Further, flavors such as citrus and vanilla show effective results in terms of voluntary feed intake by animals especially in crucial conditions such as postweaning or lactation period wherein animals experience extreme weight loss. Hence, this segment is anticipated to acquire the largest share of global Feed Flavors & Sweeteners Market by 2022.
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Dry segment is estimated to be the largest segment in the Feed Flavors & Sweeteners Market in 2017
Flavors & sweeteners in dry form are easy to mix with feed. Advantages offered by dry forms such as ease of storage & handling and cost advantage over liquid form are some of the factors that have increased the demand for these products. In addition, these flavors & sweeteners protect feed products from processing heat. Thus, the dry segment is expected to continue its dominance throughout the forecast period.
The ruminant segment is projected to be the fastest growing segment during the review period.
Ruminants are highly sensitive to feed palatability, which is one of the main reasons driving the demand for feed flavors & sweeteners for the ruminant class of livestock. Palatable additives such as flavors and sweeteners stimulate the ruminants' appetite for feed and aids in enhancing their growth performance. Thus, livestock producers have constantly been demanding flavored feed products for ruminants. Also, exponentially growing demand for ruminant-based products such as beef and processed dairy is another factor that has been fueling the demand for flavors and sweeteners products.
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Asia-Pacific region is estimated to dominate the Feed Flavors & Sweeteners Market in 2017
The Asia-Pacific region is projected to be the fastest-growing, which includes India, China, Japan, Thailand, and Vietnam between the years 2017 and 2022. The major driving factors for the market in this region are the continuous modernization of animal production techniques and the growing awareness among the consumers regarding the impact of quality feed provided to the livestock on the animal-based products such as meat and dairy products.
This report includes the study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Nutriad (Belgium), Pancosma (Switzerland), Alltech (US), FeedStimulants (the Netherlands), BIOMIN Holding (Austria), DuPont (US), Norel (Spain), Prinova Group (US), Agri-Flavors (US), Origination O2D (US), Kerry Group (Ireland), and Pestell Minerals & Ingredients (Canada) are some of the major Feed Flavors & Sweeteners Market participants.
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