(MoneyNewsWire.Net, February 14, 2018 ) 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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With most of the region being already developed, research and development investment in this region in this market is pretty great which is benefitting this market a lot. 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.
1.7 Y-o-Y Growth Analysis, By Product
1.8 Market Attractiveness Analysis, By Product
1.9 Market Share Analysis, By Product
2.4 Y-o-Y Growth Analysis, By Type
2.5 Market Attractiveness Analysis, By Type
2.6 Market Share Analysis, By Type
The North America market for Feed Flavors & 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 & Sweeteners. On the basis of livestock, Cattle is the biggest market followed by swine and poultry.
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Geographically, North America feed flavour & sweetener market has been segmented into US and Canada. North America is the second largest market for feed flavor and sweeteners in the world among all the segmented regions accounting for almost 26% of global market share. US is the bigger market among these two countries in this region.
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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