The global Feed Flavors and Sweetenersmarket was valued at USD 1.19billion in 2016 and is projected to reach USD 1.59billionby 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.
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Global Feed Flavors And Sweeteners Market, by Type: Flavors, Butter, Fruit, Spices, Sweeteners, Saccharine, Glycyrrhizin, NeohesperidineDihydrochalcone.
Global Feed Flavors And Sweeteners Market, by Livestock: Poultry, Ruminants, Swine, Aquaculture, Others.
Global Feed Flavors And Sweeteners Market, by Region:
United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).
The major players in the market are as follows: Kerry Group, Du Pont, Alltech, Solvay, Biomin Holding, Kemin, Pancosma, Nutriad International Dendermonde, Grupo Ferrer Internacional, PhytobioticsFutterzusatzstoffe, Prinova.
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.
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Research study on the Feed Flavors And Sweeteners Market was 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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