Global Feed Flavors and Sweeteners Market 2017-2021

Overview of the global feed flavors and sweeteners market

According to Technavio’s research analysis on the global feed flavors and sweeteners market, the increased demand for dairy products will be one of the major factors that will have a positive impact on this market’s growth during the next few years. Dairy products provide high nutritional value such as calcium, potassium, vitamin D, and protein. It has been observed that by 2025, the per capita consumption of dairy products will increase by almost 13% due to the growing population across the world. The increasing demand for milk will boost the consumption of animal feed and animal feed supplement. This in turn, will fuel the production and adoption of feed flavors and sweeteners. Our market research analysts predict that this global market will register a revenue of more than USD 2.4 billion by 2021.

The biochemical, metabolic, and enzymatic reactions in the body of animals depend on the amount of organic trace minerals such as zinc, manganese, cobalt, copper, iron, magnesium, selenium, iodine, and molybdenum present in them. Animals suffer from low hatchability, low feed efficiency, diseases, poor growth rate, and low egg production due to the deficit in any of these trace nutrients. As a result, these trace minerals are added as feed additives in animal feed. This in turn, will boost the demand for flavors and sweeteners, fueling the growth prospects of the feed flavors and sweeteners market.

Competitive landscape and key vendors

The feed flavors and sweeteners market is highly fragmented and the vendors are extensively focusing on the development of new products. The major animal feed companies have a wide geographic presence and have established several production facilities across the globe. The new players are finding it difficult to enter the market due to the need for financial resources and technical expertise.

Key vendors in this market are -

• ERBER
• Grupo Ferrer Internacional
• INDUSTRIAL TECNICA PECUARIA
• PHYTOBIOTICS
• Tanke

Other prominent vendors in the market include Bell Flavors & Fragrances, Canadian Bio-Systems, INGESTA, Innovad, Jefo, Menon Animal Nutrition Technology, Nutriad, Norel, PMT, and pancosma.

Segmentation by application and analysis of the feed flavors and sweeteners market

• Livestock
• Poultry
• Swine
• Aquaculture

The livestock segment includes animals such as cattle, goat, deer, buffalo, and sheep. The growing consumption of milk and meat in the Americas and APAC, the growth of the dairy industry across the globe, and the utilization of hides and skins will drive the need for animal feed, willmbe major factors driving the growth of the feed flavors and sweeteners market in the livestock segment during the next few years.

Segmentation by geography and analysis of the feed flavors and sweeteners market

• Americas
• APAC
• EMEA

The increasing demand for meat, especially from the large urban population is driving the growth prospects of the feed flavors and sweeteners market in the Americas. The export of meat will increase in this region due to fall in dollar value. This will boost the production of meat, which will subsequently, drive the need for feed flavors and sweeteners.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global feed flavors and sweeteners market?
• What are the key market trends impacting the growth of the global feed flavors and sweeteners market?
• What are the challenges to market growth?
• Who are the key vendors in the global feed flavors and sweeteners market?
• What are the market opportunities and threats faced by the vendors in the global feed flavors and sweeteners market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global feed flavors and sweeteners market?

Technavio also offers customization on reports based on specific client requirement.