Feed Flavors, Sweeteners & Natural Enhancers Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.41 Billion |
| Market Size (2029) | USD 3.04 Billion |
| CAGR (2024 - 2029) | 4.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players.webp "Feed Flavors, Sweeteners and Natural Enhancers Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Feed Flavors, Sweeteners & Natural Enhancers Market Analysis
The Feed Flavors, Sweeteners and Natural Enhancers Market size is estimated at USD 2.41 billion in 2024, and is expected to reach USD 3.04 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
COVID-19 adversely affected livestock production and consumption. This effect ultimately spilled into the feed industry, including the feed flavors, sweeteners, and natural enhancers market. The companies in this industry were also facing issues due to production restraints and supply chain issues. However, the industry is expected to achieve pre-covid demand and production levels in the near future if no further outbreaks disrupt the market.
The market studied is growing due to the rising consumer awareness and demand for quality meat. Government monitoring agencies, such as the US Food and Drug Administration (USFDA) and European Food Safety Authority, imposed rules regarding the quality of food to be delivered to consumers. As meat consumption is increasing across the world, the market studied is witnessing growth. High awareness, the growing demand for animal nutrition, and the ban of antibiotics in many regions are prompting players in the livestock industry and meat manufacturers to use probiotics, which is anticipated to drive the market's growth worldwide.
Feed Flavors, Sweeteners & Natural Enhancers Market Trends
This section covers the major market trends shaping the Feed Flavors, Sweeteners & Natural Enhancers Market according to our research experts:
Increase in Consumer Awareness Toward Quality Meat Products
The demand for quality meat is increasing globally due to increasing awareness of nutritional requirements in foods. Increasing urbanization, changing lifestyles, and rising income are some factors driving the demand for quality foods. With rising demand for superior-quality meat products, the high-end food service sector and supermarkets offering premium brands are demanding quality meat. This factor pushed the livestock producers to provide quality and healthy livestock to satisfy the quality standards required by various food players and different markets across the world.
According to the FAO, the protein obtained from animal product consumption is 33%. So, the demand for meat products is increasing. The manufacturers are using flavors, sweeteners, and enhancers to increase the feed intake and supply quality meat to the consumers. The global consumption of meat protein is estimated to rise by 14% by 2030 compared to 2018-2020 due to population growth and income. Protein availability from poultry, beef, pork, and sheep is expected to grow by 17.8%, 5.9%, 13.1%, and 15.7%, respectively, by 2030. Better hygiene, animal health programs, and the provision of premium quality animal feed with better taste and texture are some of the important factors that raise the quality of meat. Dairy products will be produced according to the standards set by regulatory bodies.
Asia-Pacific - The Largest Market for Feed Flavors, Sweeteners and Natural Enhancers
Asia-Pacific is the largest market for feed flavors, sweeteners, and natural enhancers, accounting for a significant share of the overall market. The growing consumer awareness about quality feed and pet food in the region has spurred the demand for feed flavors, sweeteners, and natural enhancers. Moreover, the soaring prices of meat driven by numerous disease outbreaks like the African Swine Fever have led the producers to tap the profits in the region, hence boosting the feed flavors, sweeteners, and natural enhancers market. The rise in income levels in developing countries like India and China is leading to growing numbers of pet ownership, healthcare, and spending, thereby driving the feed palatability enhancers market.
The Chinese animal feed additive industry is heavily influenced by governmental initiatives. The country's efforts to modernize and find efficiencies in its structure and practices and the increasing demand for meat and animal products to meet the protein needs of the growing population are among the major factors driving the growth of the market studied. India is one of the leading producers of poultry meat in the world. The increase in the average income and the urban population has led to a tremendous increase in poultry demand and a steady increase in consumption over the years. Poultry production has been growing enormously in the region, which would, in turn, create demand for palatability enhancers to improve feed intake and livestock performance.
Feed Flavors, Sweeteners & Natural Enhancers Industry Overview
The global feed flavor, sweeteners, and natural enhancers market is fairly consolidated, with major players accounting for 40.4% of total shares in 2021. Evonik Industries Ag, Cargill, Alltech Inc., Dupont Nutrition and Bioscience, and Nutriad (Bluestar Adisseo) are the top five players in the market studied. The most adopted strategies for these companies are mergers and acquisitions and, from time to time, collaborations for investments in new product developments and research enhancement.
Feed Flavors, Sweeteners & Natural Enhancers Market Leaders
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Evonik Industries AG
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Cargill Inc.
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Alltech Inc
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Nutrition & Biosciences
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Nutriad (Bluestar Adisseo)
*Disclaimer: Major Players sorted in no particular order
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Feed Flavors, Sweeteners & Natural Enhancers Market News
In May 2022, Adisseo and Entobel entered a collaboration to improve the production of insect's meal, focused on the performance of the insects and the quality of protein meal, prioritizing the control the ingredients used to feed insects, and their complementarities with the most important feed additives, like methionine and enzymes.
In April 2022, Novus International announced new corporate office in Bangalore, India, to facilitate frequent engagement with the customers as the city is near poultry hubs, like Coimbatore, Nammakal, Hospet, etc., and it facilitates business growth.
In December 2021, BioMar announced the launch of a new pellet size in the INICIO Plus product family. The INICIO Plus pellets have a diameter size of 0.35 mm and are optimized for covering the nutritional requirements of the fry and for giving an 'improved feeding experience'. This extension in the pellet size range of INICIO Plus offers robust and sound growth for many fish species like trout, salmon, and others.
Feed Flavors, Sweeteners & Natural Enhancers Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters' Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Flavors
- 5.1.2 Sweetners
- 5.1.3 Natural Enhancers
- 5.1.3.1 Essential Oils
- 5.1.3.2 Flavonoids
- 5.1.3.3 Oleoresins
- 5.1.3.4 Saponins
- 5.1.3.5 Herbs and Spices
- 5.1.3.6 Peptides
- 5.1.3.7 Nucleotides
- 5.1.3.8 Yeast
- 5.1.3.9 Probiotics
- 5.1.3.10 Others
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5.2 Animal Type
- 5.2.1 Ruminants
- 5.2.2 Swine
- 5.2.3 Poultry
- 5.2.4 Other Animal Types
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Italy
- 5.3.2.6 Spain
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Egypt
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Evonik Industries AG-
- 6.3.2 Biomar Group
- 6.3.3 Alltech Inc
- 6.3.4 Cargill Inc.
- 6.3.5 Nutrition & Biosciences
- 6.3.6 Nutriad (Bluestar Adisseo)
- 6.3.7 Novus International
- 6.3.8 Kaeslar
- 6.3.9 Kemin Industries Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF THE IMPACT OF COVID-19
Feed Flavors, Sweeteners & Natural Enhancers Industry Segmentation
Feed flavors, sweeteners, and natural enhancers are additives products that are added to compound feed to enhance the palatability of feed and make it more eatable. The end consumers of feed additives are feed mills that manufacture compound feed. The market scope excludes supplements directly purchased by farmers to add to the nutritional qualities of the homegrown fee.
The Global Feed Flavors, Sweeteners, and Natural Enhancers Market is segmented by Type (Flavors, Sweeteners, and Natural Enhancers) and by Animal Type (Ruminant, Swine, Poultry, and Others), and Geography(North America, Europe, Asia-Pacific, South America, Middle East & Africa). The report offers market size and forecasts in terms of value(USD million) for all the above segments.
| Type | Flavors | |
| Sweetners | ||
| Natural Enhancers | Essential Oils | |
| Flavonoids | ||
| Oleoresins | ||
| Saponins | ||
| Herbs and Spices | ||
| Peptides | ||
| Nucleotides | ||
| Yeast | ||
| Probiotics | ||
| Others | ||
| Animal Type | Ruminants | |
| Swine | ||
| Poultry | ||
| Other Animal Types | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| Egypt | ||
| Rest of Middle-East and Africa |
Feed Flavors, Sweeteners & Natural Enhancers Market Research FAQs
How big is the Feed Flavors, Sweeteners and Natural Enhancers Market?
The Feed Flavors, Sweeteners and Natural Enhancers Market size is expected to reach USD 2.41 billion in 2024 and grow at a CAGR of 4.80% to reach USD 3.04 billion by 2029.
What is the current Feed Flavors, Sweeteners and Natural Enhancers Market size?
In 2024, the Feed Flavors, Sweeteners and Natural Enhancers Market size is expected to reach USD 2.41 billion.
Who are the key players in Feed Flavors, Sweeteners and Natural Enhancers Market?
Evonik Industries AG, Cargill Inc., Alltech Inc, Nutrition & Biosciences and Nutriad (Bluestar Adisseo) are the major companies operating in the Feed Flavors, Sweeteners and Natural Enhancers Market.
Which is the fastest growing region in Feed Flavors, Sweeteners and Natural Enhancers Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Feed Flavors, Sweeteners and Natural Enhancers Market?
In 2024, the Asia-Pacific accounts for the largest market share in Feed Flavors, Sweeteners and Natural Enhancers Market.
What years does this Feed Flavors, Sweeteners and Natural Enhancers Market cover, and what was the market size in 2023?
In 2023, the Feed Flavors, Sweeteners and Natural Enhancers Market size was estimated at USD 2.30 billion. The report covers the Feed Flavors, Sweeteners and Natural Enhancers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Feed Flavors, Sweeteners and Natural Enhancers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Feed Flavors, Sweeteners and Natural Enhancers Industry Report
Statistics for the 2024 Feed Flavors, Sweeteners and Natural Enhancers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Feed Flavors, Sweeteners and Natural Enhancers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
