Market Size of feed flavors and sweeteners Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.96 Billion |
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Market Size (2029) | USD 1.18 Billion |
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Largest Share by Sub Additive | Flavors |
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CAGR (2024 - 2029) | 4.24 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Feed Flavors And Sweeteners Market Analysis
The Feed Flavors And Sweeteners Market size is estimated at 0.96 billion USD in 2024, and is expected to reach 1.18 billion USD by 2029, growing at a CAGR of 4.24% during the forecast period (2024-2029).
0.96 Billion
Market Size in 2024 (USD)
1.18 Billion
Market Size in 2029 (USD)
4.49 %
CAGR (2017-2023)
4.24 %
CAGR (2024-2029)
Largest Market by Sub-Additive
82.75 %
value share, Flavors, 2023
Flavors are the largest segment in the market due to the increase in the gains of the animals, a large number of taste buds, improved feed intake and improved feed efficiency.
Largest Market by Region
30.58 %
value share, Asia-Pacific, 2023
The Asia-Pacific region has the largest market share because of growth in the demand for addressing challenges such as poor feed intake and changes in feed formulation.
Fastest-growing Market by Sub-Additive
4.25 %
Projected CAGR, Flavors, 2024-2029
Flavors are the fastest growing segment due to the high demand for flavors by animals such as ruminants and swine for high-quality meat and a higher number of taste buds.
Fastest-growing Market by Region
5.64 %
Projected CAGR, North America, 2024-2029
North America is the fastest growing segment because of the increasing feed intake by young aged animals and the high demand for pork meat and other animal-produced products.
Leading Market Player
14.20 %
market share, Solvay S.A., 2022
Solvay SA partners with Anthea to produce catechol derivatives for the Asia-Pacific market and has more than 15 Research and Development(R&D) centers globally.
- The animal feed market is driven by the demand for flavors and sweeteners, which help increase the feed intake of cattle and swine. These animals have many taste buds, making the use of flavors and sweeteners essential for their growth and well-being.
- Flavors have a higher market share of 6.4% than sweeteners as they can improve gains for animals by 18% and feed efficiency by 7.7%. North America is the fastest-growing market, and it is expected to register a CAGR of 5.6% during the forecast period. This growth is likely to be driven by high feed intake in countries such as the United States and Canada and an increase in the number of feed mills. The rise in feed mills led to a 9.8% increase in feed production during 2019-2022.
- Asia-Pacific held the largest market share, i.e., about 30.8% in 2022, owing to the high demand for pork and beef in the Chinese food industry, which increased the animal population and feed production. Flavors are the fastest-growing segment in the market, and it is expected to register a CAGR of 4.2% during the forecast period, driven by the rising swine population. Flavors help increase feed efficiency, avoid diseases, improve palatability, and boost feed intake.
- Countries such as China and India have large ruminant populations. These countries accounted for about 57.5% of the Asia-Pacific ruminant population. There is high demand for ruminant feed in the region, which may boost the growth of flavors and sweeteners for ruminants at a CAGR of 4.7% during the forecast period.
- The high feed demand for swine and ruminants and the need to improve the palatability of animal feed are expected to drive the market's growth during the forecast period.
- Asia-Pacific is the largest market for feed flavors and sweeteners, accounting for 30.8% of the market in 2022. The region has been facing challenges such as rising temperatures and changes in feed formulation, which have resulted in animals consuming less feed, thus boosting the use of flavors and sweeteners.
- North America accounted for 25.9% of the feed flavors and sweeteners market in 2022, making it the second-largest market globally. The growth of the market during 2017-2022 was attributed to the benefits of enhanced feed intake and feed conversion in animals, as well as the use of sweeteners, such as sucrose or saccharin, to reduce stress in animals by increasing the number of feel-good hormones.
- The United States is the largest market in terms of feed flavors and sweeteners. It accounted for an 18.1% share in 2022, followed by China with 13.9%. The large market shares of these countries could be attributed to the presence of a high animal headcount and high per capita meat consumption.
- Chile, India, and the United Kingdom are the fastest-growing countries, and they are expected to register CAGRs of 4.9%, 4.7%, and 4.7%, respectively, during the forecast period. In Europe, Spain holds the largest market share. It is expected to register a CAGR of 4.0% during the forecast period due to the increase in feed production and high demand for good quality animal products.
- The feed flavors and sweeteners market is anticipated to register a CAGR of 4.2% during the forecast period, driven by the rising demand for feed flavors and sweeteners due to increased feed production and demand for high-quality beef, pork, and swine and ruminant products.
Feed Flavors And Sweeteners Industry Segmentation
Flavors, Sweeteners are covered as segments by Sub Additive. Ruminants, Swine are covered as segments by Animal. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- The animal feed market is driven by the demand for flavors and sweeteners, which help increase the feed intake of cattle and swine. These animals have many taste buds, making the use of flavors and sweeteners essential for their growth and well-being.
- Flavors have a higher market share of 6.4% than sweeteners as they can improve gains for animals by 18% and feed efficiency by 7.7%. North America is the fastest-growing market, and it is expected to register a CAGR of 5.6% during the forecast period. This growth is likely to be driven by high feed intake in countries such as the United States and Canada and an increase in the number of feed mills. The rise in feed mills led to a 9.8% increase in feed production during 2019-2022.
- Asia-Pacific held the largest market share, i.e., about 30.8% in 2022, owing to the high demand for pork and beef in the Chinese food industry, which increased the animal population and feed production. Flavors are the fastest-growing segment in the market, and it is expected to register a CAGR of 4.2% during the forecast period, driven by the rising swine population. Flavors help increase feed efficiency, avoid diseases, improve palatability, and boost feed intake.
- Countries such as China and India have large ruminant populations. These countries accounted for about 57.5% of the Asia-Pacific ruminant population. There is high demand for ruminant feed in the region, which may boost the growth of flavors and sweeteners for ruminants at a CAGR of 4.7% during the forecast period.
- The high feed demand for swine and ruminants and the need to improve the palatability of animal feed are expected to drive the market's growth during the forecast period.
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| Flavors | |
| Sweeteners |
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| Swine | |||||||
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Feed Flavors And Sweeteners Market Size Summary
The Feed Flavors and Sweeteners Market is experiencing significant growth, driven by the increasing demand for enhanced feed intake among cattle and swine. These additives are crucial for improving the palatability and nutritional efficiency of animal feed, thereby supporting the growth and well-being of livestock. Flavors, in particular, hold a larger market share compared to sweeteners due to their effectiveness in boosting animal growth and feed efficiency. The market is witnessing robust expansion in North America, attributed to the high feed intake and the proliferation of feed mills in countries like the United States and Canada. Meanwhile, the Asia-Pacific region commands the largest market share, driven by the high demand for pork and beef, particularly in China, which has led to increased feed production and a growing animal population.
The market's growth is further supported by the rising demand for high-quality beef, pork, and ruminant products, alongside the profitability of livestock farming. Countries such as China and India are significant contributors to the ruminant population, enhancing the demand for feed flavors and sweeteners. The market is moderately consolidated, with major players like Adisseo, Alltech, Inc., and Archer Daniel Midland Co. leading the industry. Recent strategic moves, such as Innovad's acquisition of Scentarom, aim to bolster market positions and expand capacities in feed palatability and essential oil products. The ongoing trends indicate a steady increase in feed production for both swine and ruminants, driven by the need for improved feed quality and the rising consumption of animal-based products globally.
Feed Flavors And Sweeteners Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Sub Additive
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1.1.1 Flavors
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1.1.2 Sweeteners
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1.2 Animal
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1.2.1 Ruminants
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1.2.1.1 By Sub Animal
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1.2.1.1.1 Beef Cattle
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1.2.1.1.2 Dairy Cattle
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1.2.1.1.3 Other Ruminants
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1.2.2 Swine
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1.2.3 Other Animals
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1.3 Region
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1.3.1 Africa
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1.3.1.1 By Country
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1.3.1.1.1 Egypt
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1.3.1.1.2 Kenya
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1.3.1.1.3 South Africa
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1.3.1.1.4 Rest of Africa
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1.3.2 Asia-Pacific
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1.3.2.1 By Country
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1.3.2.1.1 Australia
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1.3.2.1.2 China
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1.3.2.1.3 India
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1.3.2.1.4 Indonesia
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1.3.2.1.5 Japan
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1.3.2.1.6 Philippines
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1.3.2.1.7 South Korea
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1.3.2.1.8 Thailand
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1.3.2.1.9 Vietnam
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1.3.2.1.10 Rest of Asia-Pacific
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1.3.3 Europe
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1.3.3.1 By Country
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1.3.3.1.1 France
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1.3.3.1.2 Germany
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1.3.3.1.3 Italy
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1.3.3.1.4 Netherlands
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1.3.3.1.5 Russia
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1.3.3.1.6 Spain
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1.3.3.1.7 Turkey
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1.3.3.1.8 United Kingdom
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1.3.3.1.9 Rest of Europe
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1.3.4 Middle East
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1.3.4.1 By Country
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1.3.4.1.1 Iran
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1.3.4.1.2 Saudi Arabia
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1.3.4.1.3 Rest of Middle East
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1.3.5 North America
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1.3.5.1 By Country
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1.3.5.1.1 Canada
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1.3.5.1.2 Mexico
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1.3.5.1.3 United States
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1.3.5.1.4 Rest of North America
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1.3.6 South America
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1.3.6.1 By Country
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1.3.6.1.1 Argentina
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1.3.6.1.2 Brazil
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1.3.6.1.3 Chile
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1.3.6.1.4 Rest of South America
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Feed Flavors And Sweeteners Market Size FAQs
How big is the Global Feed Flavors And Sweeteners Market?
The Global Feed Flavors And Sweeteners Market size is expected to reach USD 955.81 million in 2024 and grow at a CAGR of 4.24% to reach USD 1.18 billion by 2029.
What is the current Global Feed Flavors And Sweeteners Market size?
In 2024, the Global Feed Flavors And Sweeteners Market size is expected to reach USD 955.81 million.
