Feed Flavours Market was worth USD 1.3 billion in 2019 and estimated to be growing at a CAGR of 3.43%, to reach USD 1.6 billion by 2024. The market has been gaining popularity in recent years as people have realized the importance and benefits of providing good quality feed.
DRIVERS & RESTRAINTS OF THE MARKET:
Market factors that influence the market expansion include the significant growth of the meat and dairy industries, the growing demand for delicious ingredients, and increased consumer awareness of quality meat products.
Besides, innovative farming practices are being adopted, which will further fuel market growth.
However, lack of knowledge of palatability additives in developing countries may be a limiting factor for this market in the coming years.
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REPORT SEGMENTED AS:
Based on Flavour:
Based on Livestock:
Based on Form:
Based on Source:
Geographically, the Global Feed Flavours Market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America is the leading market player followed by Europe. Asia-Pacific is anticipated to increase over the forecast period.
KEY MARKET PLAYERS:
FeedStimulants (the Netherlands)
BIOMIN Holding (Austria)
Prinova Group (US)
Origination O2D (US)
Kerry Group (Ireland)
Pestell Minerals & Ingredients (Canada)
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THE SCOPE OF THE REPORT:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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