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(MoneyNewsWire.Net, May 25, 2018 ) The feed flavors & sweeteners market is estimated to value at USD 1236.1 Million in 2017. It is further projected to grow at a CAGR of 3.4% from 2017 to 2022, to reach a projected value of USD 1,463.0 Million by 2022. Feed flavors & sweeteners products have become prominent in the recent years, due to the growing awareness of among the consumers regarding the impact of quality feed provided to the livestock on the animal-based products such as meat and dairy products.
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Also, the growth in the inclination of livestock producers toward palatable feed products is fueling the demand for feed flavors and sweeteners, as these palatability boosting additives increase the feed intake and enhance the growth performance of livestock.
The type segment of the feed flavors & sweeteners market is estimated to lead by the feed flavors segment in 2017. This segment is further projected to have the highest growth rate as feed flavors are widely used in the diet of several livestock species owing to their flavor and aroma-enhancing properties.
The dry feed flavors & sweeteners segment is estimated to be the largest market in 2017 compared to the liquid segment. Several advantages offered by the dry form of flavors and sweeteners such as ease of storage & handling, cost advantage over liquid form, and protection from processing heat are expected to drive this segment to a great extent in coming years.
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Natural feed flavors and sweeteners segment, by source, are gaining huge demand as they have lesser allergic effects than that of synthetic products. The increasing awareness among the farmers and livestock producers regarding this advantage offered by natural products has boosted the demand for natural flavors and sweeteners. Additionally, this segment is projected to be the fastest-growing segment during the forecast period.
Asia Pacific is projected to be the fastest-growing market for the period considered for this study, due to the continuous modernization of animal production techniques and the growing awareness among the consumers regarding the impact of quality feed provided to the livestock on the animal-based products such as meat and dairy products. However, conventional methods of feeding animals such as forages, crop residue, and open grazing may restrict the growth of the commercial animal feed industry and thereby the growth of the market in this region.
This report includes the study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Nutriad (Belgium), Pancosma (Switzerland), Alltech (US), FeedStimulants (the Netherlands), BIOMIN Holding (Austria), DuPont (US), Norel (Spain), Prinova Group (US), Agri-Flavors (US), Origination O2D (US), Kerry Group (Ireland), and Pestell Minerals & Ingredients (Canada) are some of the major feed flavors & sweeteners market participants.
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