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(MoneyNewsWire.Net, October 17, 2017 ) The Global Feed Flavors and Sweeteners Market was worth USD 2.01 billion in 2016 and estimated to be growing at a CAGR of 3.60%, to reach USD 2.40 billion by 2021. The market is showcasing great potential in the mentioned forecasting period. Feed additives are the edible substances added to the animal food in order to make it tastier or enhance its appearance. Sweetener is a substance used as a substitute of sugar. It is mostly helpful for the people suffering from sugar problems or disease like diabetes in which the intake of sugar is asked to be very low.
People have been keeping livestock in form of cattle for a long time for their own benefits like milk and wool from sheep. In order to keep these livestock healthy, they need to provide better food to them, which was provided back then in the form of natural feed additives & sweeteners mixed to the regular feed for the livestock. It wasn’t until the second half of twentieth century, when a R&D started increasing in this sector and many more food additives started coming into the market, of both natural and artificial origin. Same is in the case of sweeteners, they come from both natural sources and are also manufactured artificially.
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Enormous number of researches and innovations in the food sector which started in late 20th century and is still going on has led to the development of a lot of artificial feed flavors and sweeteners. These developments has helped 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. Main purpose of using Feed Flavors & sweeteners in animal feed is to remove the bitter taste of minerals, vitamins and other medicines to increase the intake of animals. On the other hand, unawareness of people to spend on their livestock is challenging this market.
The Global market for Feed Flavors and Sweeteners is broadly categorized by Type and by Livestock. On the basis of Livestock, they are further categorized into cattle, swine, poultry, aquaculture and others. On the basis of Type, there are Natural and Artificial Feed Flavors and Sweeteners. On the basis of livestock, Cattle is the biggest market followed by swine and poultry.
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Global Market for Feed Flavors and Sweeteners are segmented into Asia-Pacific, North America, Middle East and Africa, Latin America and Europe. Asia-Pacific has the largest market share among all the segmented regions. It is also the fastest growing region in the world.
Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Some of the major companies dominating the market, by their products and services include Biomin GMBH, E. I. Dupont, Eli Lilly and Company, Ferrer Internacional S.A., Industrial Técnica Pecuaria, Jefo Nutrition Inc, Kerry Group PLC, Phytobiotics, Prinova and Tanke International Group.
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