Feed Flavors and Sweeteners Market Overview

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″, The feed flavors & sweeteners 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.

By type, the flavors segment is expected to grow at the highest growth rate during the forecast period

Among the types segment, the flavors segment is expected to grow at the highest CAGR during the forecast period. Feed flavors enhance the taste and smell of feed to maintain feed consumption by maximizing feed intake, thereby improving the performance of the livestock.

By livestock, the swine segment to record the highest CAGR during the forecast period

The swine livestock type is expected to witness a faster growth rate in this market, as swine experiences various physical, physiological, and behavioral changes during these three different phases of their lifespan that may lead to the decreased feed intake and extreme weight loss. To evade these problems, palatants feed additives such as sweeteners and flavors are mixed in the diets of pigs. These additives aid in increasing the feed intake and improve growth performance of these animals.

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Asia Pacific to account for the largest market size during the forecast period.

Asia Pacific is expected to hold the largest market size in the feed flavors & sweeteners market during the forecast period, followed by the European region. The highest market share of Asia Pacific is due to ise in disposable income has led to an increase in urbanization and rapid industrialization. The region is heterogeneous, with diversity in income level, technology, and demands of end consumers to provide superior-quality feed to livestock, as the awareness among the consumers regarding the impact of quality feed provided to the livestock on the quality of the animal-based products is increasing, leading to enhanced scope for future growth.

Driver: Increasing awareness of consumers towards quality meat products

Consumers all over the globe are increasingly demanding quality meat due to the growing awareness regarding the nutritional dynamics of these products. According to The Food and Agriculture Organization (FAO), animals provide over 33% of protein consumed in human diets and around 16% of food energy. Besides, income growth, urbanization, and changes in lifestyles are the major factors impacting the demand for high-quality food. Consumers are now becoming more aware of the quality of food they consume, and the benefits associated with food products. As a result, the production of healthy and quality livestock has become important, leading to the surge in demand for quality feed with better palatability. Therefore, flavors and sweeteners products are anticipated to experience a robust demand in coming years.

Owing to the consumers’ rising demand for superior-quality meat products, high-end food service sector and supermarkets offering premium brands are now constantly demanding quality meat. This factor instigated livestock producers to provide quality and healthy livestock in order to satisfy the quality standards required by various food players and different markets across the globe. According to The Australian Competition and Consumer Commission (ACCC), “Exports to the European Union are largely high-quality products servicing the high-end food service sector and premium supermarket brands. The need to meet quality and import requirements results in processors sourcing cattle against stringent specifications. These import and quality requirements also mean that cattle producers specialize in preparing animals for the EU market to a certain extent.” To be able to fulfill such quality standards, livestock producers all over the world are emphasizing on animal diet as well as on food additives that increase the feed intake of livestock.

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Critical questions the report answers:

• Where will all these developments take the industry in the long term?
• What are the upcoming trends for the feed flavors & sweeteners market?
• Which segment provides the most opportunity for growth?
• Who are the leading vendors operating in this market?
• What are the opportunities for new market entrants?