Market Overview:

Feed Flavors & Sweeteners are natural or artificial ingredients mixed with livestock, poultry, and feed of other animals. They are employed to improve the sensory attributes of animal feed. Additionally, these additives are employed to mask the bitter taste of animal feed. Along with improving the feed quality, they also enhance the feed uptake in the livestock animals. Feed Flavors and Sweeteners Market was worth USD 2.16 billion in 2019 and estimated to be growing at a CAGR of 3.60%, to reach USD 2.58 billion by 2024

Market drivers and restraints:

Enormous number of researches and innovations in the food sector that started in the late 20th century and is still going on has to the development of a lot of synthetic feed flavors and sweeteners. These developments has assisted this market a lot because with new innovations in this market, more cheaper and cheaper product comes in market and encourage people to use them. On the other hand, unawareness of people to spend on their livestock in challenging this market.

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Report segmented as:

By feed flavors:

Thaumatin
Aniseed
Citrus
milky vanilla
red fruits
others
By feed sweeteners:

glycyrrhicine
saccharine
thaumatin,
others
By form:

dry
liquid
others
By livestock:

poultry
swine
ruminants
aquatic
others
Geographical analysis:

The world feed flavors and sweeteners market are segregated into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is leading the feed flavors and sweeteners market followed by North America. In the Asia Pacific region, India & China are the key customers of feed flavors and sweeteners that, in turn, boosts the market growth in this region. Furthermore, increasing demand for feed additives such as binders & enhancers in countries like the U.S., Canada, and Mexico in the North American region is projected to boost the feed flavors and sweeteners market throughout the forecast period.

Important market players:

Some of the major players operating in the global feed flavors and sweeteners market are Kerry Group Plc (Ireland), Prinova Group LLC (U.S.), Kemin Industries, Inc. (U.S.), Solvay SA (Belgium), Grupo Ferrer Internacional, S.A. (Spain), Nutriad Holding BV (the Netherlands), Norel S.A. (Spain), Pancosma SA (Switzerland), Biomin Holding GmbH (Austria), and Alltech, Inc. (U.S.).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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