Owning to the increasing population of livestock, the market of feed flavors & sweeteners is growing at an incremental pace of development on the global platform.
The growing demand for additives to enhance the sensory quality of the feed in order to further increase the feed uptake by the livestock are expected to drive the feed flavors & sweeteners market. Growing awareness about the benefits regarding available benefits to livestock animals from the feed flavors and sweeteners are the key driving factors for the growth of its market. In addition, increased awareness among the farmers about the feed flavors & sweeteners has raised the bar for quality of feed, which, in turn, has increased the market share of feed flavors & sweeteners globally.
Additionally, product development coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the feed flavors & sweeteners market during the review period. Rising meat consumption, and improving quality of feed also has a positive influence on the market growth of feed flavors and sweeteners on a global platform. However, presence of counterfeit product in the market and product adulteration might confine the growth of this market.
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Latest Industry Updates:
Dec 2017 In order to expand their product offerings, PMI Nutritional Additives announced the launch of Peloton yeast feed additive. The launch of the product is to maintain health and digestive efficiency for rumen.
Dec 2017 In order to expand their geographical footprint, Adisseo acquired Belgian feed additives “Nutriad” which operates four laboratories and five plants located in Spain, Belgium, China, the U.K and the U.S.
Oct 2017 Cargill acquired Iowa based animal nutrition company called Diamond V in order to strengthen expand their animal feed business. With the help of this acquisition, Cargill plans to promote healthy digestive system and performance among the animals.
Apr 2016 Owing to the rising demand for feed flavors & sweeteners METabolic Explorer is identified to be focusing more on product launches and R&D sector. The company announced the launch of “inoLa” which is a unique and natural additive for animal nutrition. The feed additive is claimed to be 100% natural and is rich in L-Methionine.
New players are entering the market in order to penetrate the global market and generate revenues out of their feed flavors & sweeteners offerings. Established players are identified to be investing more on product launch and acquisition to strengthen their market position. Advanced processing methods & technologies, and high opportunities in developing countries are positively supporting the growth of this market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing product innovations and investments in the R&D sector to obtain quality products.
The key players profiled in feed flavors & sweeteners are Kerry Group Plc (Ireland), Prinova Group LLC (U.S.), Solvay SA (Belgium), Grupo Ferrer Internacional, Kemin Industries, Inc. (U.S.), S.A. (Spain), Norel S.A. (Spain), Pancosma SA (Switzerland), Biomin Holding GmbH (Austria), Nutriad Holding BV (the Netherlands), and Alltech, Inc. (U.S.) among many others.
The global feed flavors & sweeteners market has been divided into feed flavor, feed sweeteners, form, livestock and region.
On The Basis Of Feed Flavor: Sweet apple, Aniseed, Citrus, Milky Vanilla, Fruits, and Others
On The Basis Of Feed Sweeteners: Glycyrrhicine, Saccharine, Thaumatin, NHDC, and Others
On The Basis Of Form: Powder, and Liquid
On The Basis Of Livestock: Poultry, SFeed Flavors and Sweeteners, Ruminants, and Others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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The global feed flavors & sweeteners market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global feed flavors & sweeteners market is highly dominated by Asia Pacific due to rising population of livestock in emerging markets of China and India. Furthermore, increasing demand for feed additives from the region is also adding fuel to the growth of feed flavors & sweeteners market. North America is the fastest growing region due to increasing demand for feed from the U.S. and Canada. The consumption of feed flavors & sweeteners in countries like Germany, the U.S., India, Brazil and China is expected to grow even more in upcoming years.
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