Feed Flavor and Sweetener Ingredients Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Feed Flavor and Sweetener Ingredients Market is segmented By Source (Natural, Conventional) By Form (Powder, Liquid) By Type (Feed Flavor, Feed Sweetener) By Livestock (Poultry, Swine, Ruminants, Pets, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Global Feed Flavor and Sweetener Ingredients Market reached US$ 4.67 billion in 2023 and is expected to reach US$ 8.09 billion by 2031, growing with a CAGR of 7.12% during the forecast period 2024-2031.

Feed flavor and sweetener ingredients are essential for improving animal feed's taste and smell, promoting nutrient absorption and boosting animal health. The technological advancements, increasing livestock production efficiency, and global expansion of the feed industry along with the increasing demand for high-quality animal feed and a growing emphasis on animal nutrition and welfare help in the wide expansion of the animal feed market and its additives such as feed flavor and sweetener ingredients.

According to FEFAC/IFIF Regional and National Associations, in 2022 the global animal feed production accounted for 1245 MT. The production of compound feed worldwide is estimated to be slightly over one billion tonnes on an annual basis. According to the United Nations Food and Agriculture Organization, the commercial manufacturing of feed generates an estimated annual turnover of over $400 billion globally, the growth in the livestock feed industry ultimately benefits the market growth.

Asia-Pacific accounted for the largest share of the global market with the largest share in feed production. According to FEFAC/IFIF Regional and National Associations, the feed production by region in 2022(MT) Asia-Pacific accounted for the highest percentage recording 37%. China is the highest among the four countries' products over CA .58% of the compound feed globally with 20% account according to IFIF 2022 estimations.

Market Scope

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Market Dynamics

Rising Demand for Animal Protein

As the global population rises and incomes increase, there is a growing demand for animal protein products such as meat, dairy and eggs. By 2050, the FAO projects that the demand for food will increase by 60%, and between 2010 and 2050, the production of animal proteins is expected to grow by approximately 1.7% per year. Additionally, meat production is projected to rise by almost 70%, dairy by 55%, and aquaculture by 90%.

The high focus of consumers on health and wellness is increasing the consumption of animal protein highlighting the need for an efficient and productive livestock industry. Feed flavor and sweetener ingredients are used to enhance the palatability of animal feed, encouraging higher intake and improving overall animal performance, ultimately supporting the growth of the livestock industry.

New Product Introductions

The feed flavor and sweetener ingredients market is witnessing a rise in product innovations as major companies strive to maintain their market position. In November 2022, ADM introduced SUCRAM, an in-feed sweetening solution that activates the sweet taste receptors of swine and encourages feed intake. This innovative solution offers high nutritional value and enhances animal well-being and health.

Companies are also expanding their presence in various locations to meet the growing demand. For instance, Phytobiotics has established a new company, Phytobiotics Iberica, to cater to the growing market demand for premixed animal feed and plant production in Spain and Portugal. In May 2021, Phytobiotics also introduced Miracol, which is an animal feed flavoring solution that addresses the issues related to animal feed intake.

Regulatory Constraints And Concerns Regarding Use Of Feed Flavor And Sweetener Ingredients

One of the primary factors that hold back the global feed flavor and sweetener ingredients market is regulatory constraints and concerns regarding food safety and environmental impact. Regulatory agencies have set up strict guidelines and regulations on the usage of feed additives, including flavors and sweeteners, to ensure safety for human and animal health.

Manufacturers must comply with these regulations, which require extensive testing and approval processes, leading to increased costs and time consumption. Consumers are also increasingly worried about the safety and quality of food products, including animal-derived products such as meat, milk, and eggs. Therefore, there is increased investigation into the use of additives in animal feed, such as flavors and sweeteners, that may hamper the market growth.

Market Segment Analysis

The global feed flavor and sweetener ingredients market is segmented based on source, form, type, livestock and region.

High Demand for Poultry Meat

The global feed flavor and sweetener ingredients market is segmented based on livestock into poultry, swine, ruminants, pets and others. The poultry segment accounted for the largest share with the high demand for poultry meat in the global market. Poultry meat and eggs are always being the most consumed animal-based products due to their taste and nutritional benefits.

According to FAO, globally, poultry meat is expected to represent 41% of all the protein from meat sources in 2030. Similarly, according to OECD-FAO Agricultural Outlook 2022-2031, globally, protein availability from poultry is projected to grow 16% by 2031. The high share of these livestock increases the need for feed and feed additives such as feed flavor and sweetener ingredients to improve the total outcome, driving the segment growth.

Market Geographical Share

Increasing Livestock Population in Asia-Pacific

Asia-Pacific accounted for the largest share of the global feed flavor and sweetener ingredients market. In Asia-Pacific countries such as China and India, there is a rapidly increasing livestock population, including poultry and cattle. This leads to high demand for animal feed, which includes flavor and sweetener ingredients to enhance feed intake and improve animal performance.

The 20th Livestock Census reports that India's total livestock population has increased by 4.8% from the previous census in 2012, with a current population of 536.76 million. According to the USDA, swine production in China is forecasted to reach 695 million by 2024. In the same year, pork production is expected to account for 55.95 million metric tons, while calf production is projected to reach 55.5 million.

The high livestock growth in this region positively drives the need for feed additives such as flavor and sweetener ingredients that help in improving feed intake to support better animal performance and activities. In addition, with the increasing concerns about animal welfare and stress reduction in livestock farming, there is a growing demand for feed additives that can improve the palatability and sensory experience of animal feed.

Market Competitive Landscape

The major global players in the market include Adisseo, ADM, Palital Feed Additives B.V., Biovet, S.A, Innov Ad NV/SA, Phytobiotics Futterzusatzstoffe GmbH, Kemin Industries, Inc., Evonik Industries AG, Kaesler Nutrition GmbH and Norel S.A.

COVID-19 Impact Analysis

COVID-19 had a moderate impact on the global feed flavor and sweetener ingredients market. Restrictions and shutdowns affected production facilities, limiting the overall supply of flavor and sweetener ingredients for animal feed, and creating a negative impact on the market growth with initial challenges initially. The high demand for better feed ingredients in various livestock to improve the feed intake to produce better livestock-based products created greater demand for the market during the pandemic.

Key Developments

• In November 2022, ADM introduced SUCRAM, an in-feed sweetening solution that activates the sweet taste receptors of swine and encourages feed intake.
• In August 2022, FlavorSum, a U.S.-based flavor producer acquired Meridian Flavors, specializes in producing pet food and flavors using natural, organic, and non-GMO ingredients for an undisclosed amount.
• In May 2021, Phytobiotics introduced Miracol, which is an animal feed flavoring solution that addresses the issues related to animal feed intake.

Why Purchase the Report?

• To visualize the global feed flavor and sweetener ingredients market segmentation-based source, form, type, livestock and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed flavor and sweetener ingredients market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global feed flavor and sweetener ingredients market report would provide approximately 70 tables, 61 figures and 234 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies