The feed flavors and 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.
How are the fluctuating prices of raw materials posing challenges for the production of feed flavors and sweeteners among manufacturers in the market?
The fluctuating prices of raw materials is a major challenge being faced by feed flavors and sweeteners players. The prices of raw materials such as citrus fruits and butter are highly unstable, which result in the high cost of production and impacts the prices of the final products. Citrus flavored feeds are majorly consumed by livestock animals compared to other flavors, and therefore they are demanded by livestock producers. However, the fluctuation in the prices of citrus fruits such as orange and grapefruit has been a significant challenge for feed flavor producers and has been impacting the price of final citrus flavor feed products.
In addition, according to the recent data published by FAO stated that “The FAO Dairy Price Index averaged 216.6 points in July, up 7.6 points (3.6 percent) from June and 74.3 points (52.2 percent) above its value in July 2016, underpinned by stronger prices of butter.” Such increase in prices of raw material is expected to pose a serious challenge especially for the natural animal feed flavors and sweetener players.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
How is the demand for high-quality meat and dairy products presenting growth opportunities for manufacturers in the feed flavors and sweeteners market?
The rising meat consumption along with growing demand for quality meat products has increased the importance of quality feed as well as better and palatable feed additives in the livestock industry. Increase in the per capita income, improved standard of living, and rise in awareness towards better health has subsequently resulted into the increased demand for quality protein food sources such as meat and other animal-based products. In response to the growing demand for these products, standardized and commercial animal husbandry techniques and practices came into existence and are widely being adopted all over the globe. Better hygiene, animal health programs, and provision of premium quality animal feed with better taste and texture are some of the important factors that are emphasized by these husbandries so that quality meat and dairy products will be produced pertaining to the standards set by regulatory bodies.
Government monitoring agencies such as the US Food and Drug Administration (USFDA) and European Food Safety Authority have imposed rules regarding the quality of food that is to be delivered to consumers. According to the FDA, meat composition, fat content, color, flavor, and protein content are some of the attributes that define the quality of meat. Hence, to fulfill these quality standards and to produce healthy livestock, a huge demand for effective and palatability enhancing feed ingredients is observed from several husbandries and commercial farms. Thus, an increasing number of standardized husbandries and commercial farms are anticipated to build new opportunities for feed flavors and sweeteners players.
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.
The report feed flavors & sweeteners market is targeted at the existing players in the industry, which include the following:
- Feed manufacturers & processors
- Feed additives suppliers
- Research & development laboratories
- Regulatory bodies
- Intermediary suppliers
- End users
- Feed producers
- Livestock Producers
- Animal husbandries
- Poultry Farms
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.
To know about the assumptions considered for the study, download the PDF brochure
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.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062