Global Feed Flavors and Sweeteners Market
The global Feed Flavors and Sweeteners market was valued at USD 1.19 billion in 2016 and is projected to reach USD 1.59 billion by 2025, growing at a CAGR of 3.3% from 2017 to 2025.
The major factor driving market demand is the growing meat and poultry industry. The growing meat consumption globally is driving demand for feed flavors and sweeteners. The flavors and sweeteners aid in increasing the palatability of feed. The implementation of innovative husbandry practices is expected to boost market demand over the forecast period.
1. Market Drivers
1.1 Growing consumer awareness regarding quality of meat
1.2 Rising demand for palatability boosting feed additives
2. Market Restraints
2.1 Lack of awareness in developing countries
2.2 Volatile raw material prices
The global Feed Flavors and Sweetenersmarket is segmented on thetype, livestock, form, sourceand region.
1. By Type:
2. By Livestock:
3. By Form:
4. By Source:
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Kerry Group
2. Du Pont
5. Biomin Holding
8. Nutriad International Dendermonde
9. Grupo Ferrer Internacional
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Feed Flavors and Sweetenersmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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