Market Overview:
The global feed flavoring agent market is estimated to be valued at US$ XX million in 2018 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for meat and dairy products, rising awareness about animal health and nutrition, and growing concerns about food safety. On the basis of type, the global feed flavoring agent market has been segmented into dry and liquid. The dry segment accounted for a major share of the global market in 2017. However, the liquid segment is projected to grow at a higher CAGR during the forecast period owing to its advantages such as easy handling and storage, better solubility in water, improved flavor retention properties, etc. On the basis of application, ruminants accounted for a major share ofthe global feed flavoring agent market in 2017. However; poultry is expectedto grow at a higher CAGRduringthe forecastperiod owingtothegrowing demandforbroilerand layer chickens worldwide . Other applications include swine aquaculture ,and others (including horses , pets , etc.).
Product Definition:
A feed flavoring agent is a substance that is added to animal feed to improve its flavor. These agents can be natural or synthetic, and they are used to make the feed more appetizing to animals. The use of flavoring agents in animal feed is important because it helps ensure that animals will eat the food and get the nutrients they need.
Dry:
Dry is a natural flavoring agent extracted from plant materials and used as substitutes for liquid agents. It has been gaining importance in the feed industry over the past few years owing to its several advantages such as low cost, easy handling & storage, and high stability.
Liquid:
Liquid is a colorless and odorless liquid that is made up of organic compounds. It has viscosity similar to water but it has higher boiling point. The most commonly used liquid in feed flavoring agent market is soybean oil, palm oil, rapeseed oil, fish oils and animal fats among others.
The main function of the liquid in feed flavoring agent industry is to provide the food with natural flavor or taste without any addition of salt or sugar.
Application Insights:
Ruminants were the largest application segment in 2017 and are expected to continue their dominance over the forecast period. The product is widely used as a feed additive for enhancing rumen microbial protein synthesis, improving nutrient digestibility, and increasing energy availability in ruminant diets.
Rising demand for meat products across various regions coupled with technological advancements in livestock management is anticipated to boost market growth over the forecast period. Feed additives such as crude protein concentrate, yeast extract, dextrose equivalent (DEE), minerals and vitamins play an important role in animal nutrition by providing essential nutrients required by animals to perform optimally day-to-day life activities. Feed additives help improve feed efficiency through increased weight gain of livestock which eventually reduces expenditure on food & maintenance costs thereby increasing profit margins of farmers/ranchers who rear these animals. Rising awareness regarding these benefits among farmers/ranchers is expected to fuel product demand over the coming years.
Regional Analysis:
North America dominated the global feed additives market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high product demand from poultry and swine industries in U.S., Canada, and Mexico on account of increasing meat consumption at domestic level as well as by-products generated from these animals being used for producing biodiesel fuel domestically.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast years with China accounting for a major share due to rapid industrialization coupled with government support aimed at promoting foreign direct investments in this country has resulted into increased product usage across various animal species including cattle, horses, buffaloes/water buffalo, sheep/goats, camels/dromedary camelids such as guanaco and vicuña).
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the feed flavoring agent market. Convenience foods are those that can be prepared and served quickly, without much effort. They are generally high in calories and low in nutritional value. This has led to an increase in their popularity among consumers, especially working professionals and students.
- Rising awareness about animal health and nutrition: There is a growing awareness among consumers about the importance of animal health and nutrition. This has led to an increase in the demand for feed flavoring agents, as they help improve the overall health of animals by providing them with essential nutrients.
- Growing popularity of organic farming: The popularity of organic farming is another key growth driver for the feed flavoring agent market. Organic farming is a type of agriculture that relies on sustainable methods to produce crops without using synthetic fertilizers or pesticides harmful to humans or animals alike . As this method gains traction among farmers worldwide, there will be an increased demand for feed flavoring agents that can be used safely in organic farms .
Scope Of The Report
Report Attributes
Report Details
Report Title
Feed Flavoring Agent Market Research Report
By Type
Dry, Liquid
By Application
Ruminants, Swine, Poultry, Aquatic Animals, Others
By Companies
Kerry Group, Grupo Ferrer Internacional, Prinova Group, Alltech, Norel, Biomin Holding, Pancosma, Nutriad International Dendermonde, Kemin Industries, Phytobiotics Futterzusatzstoffe, Kerry Group, Dupont, Agri-Flavors, Origination O2D, Pestell Minerals & Ingredients
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Feed Flavoring Agent Market Report Segments:
The global Feed Flavoring Agent market is segmented on the basis of:
Types
Dry, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ruminants, Swine, Poultry, Aquatic Animals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kerry Group
- Grupo Ferrer Internacional
- Prinova Group
- Alltech
- Norel
- Biomin Holding
- Pancosma
- Nutriad International Dendermonde
- Kemin Industries
- Phytobiotics Futterzusatzstoffe
- Kerry Group
- Dupont
- Agri-Flavors
- Origination O2D
- Pestell Minerals & Ingredients
Highlights of The Feed Flavoring Agent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dry
- Liquid
- By Application:
- Ruminants
- Swine
- Poultry
- Aquatic Animals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Feed Flavoring Agent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Feed Flavoring Agent is a type of food additive that is used to improve the flavor and aroma of animal feed. It can be made from natural or artificial ingredients, and it is often combined with other additives to create specific flavors.
Some of the major companies in the feed flavoring agent market are Kerry Group, Grupo Ferrer Internacional, Prinova Group, Alltech, Norel, Biomin Holding, Pancosma, Nutriad International Dendermonde, Kemin Industries, Phytobiotics Futterzusatzstoffe, Kerry Group, Dupont, Agri-Flavors, Origination O2D, Pestell Minerals & Ingredients.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Feed Flavoring Agent Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Feed Flavoring Agent Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Feed Flavoring Agent Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Feed Flavoring Agent Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Feed Flavoring Agent Market Size & Forecast, 2020-2028 4.5.1 Feed Flavoring Agent Market Size and Y-o-Y Growth 4.5.2 Feed Flavoring Agent Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dry
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Ruminants
6.2.2 Swine
6.2.3 Poultry
6.2.4 Aquatic Animals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Feed Flavoring Agent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Feed Flavoring Agent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dry
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Ruminants
9.10.2 Swine
9.10.3 Poultry
9.10.4 Aquatic Animals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dry
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Ruminants
10.10.2 Swine
10.10.3 Poultry
10.10.4 Aquatic Animals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dry
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Ruminants
11.10.2 Swine
11.10.3 Poultry
11.10.4 Aquatic Animals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dry
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Ruminants
12.10.2 Swine
12.10.3 Poultry
12.10.4 Aquatic Animals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dry
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Ruminants
13.10.2 Swine
13.10.3 Poultry
13.10.4 Aquatic Animals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Feed Flavoring Agent Market: Competitive Dashboard
14.2 Global Feed Flavoring Agent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kerry Group
14.3.2 Grupo Ferrer Internacional
14.3.3 Prinova Group
14.3.4 Alltech
14.3.5 Norel
14.3.6 Biomin Holding
14.3.7 Pancosma
14.3.8 Nutriad International Dendermonde
14.3.9 Kemin Industries
14.3.10 Phytobiotics Futterzusatzstoffe
14.3.11 Kerry Group
14.3.12 Dupont
14.3.13 Agri-Flavors
14.3.14 Origination O2D
14.3.15 Pestell Minerals & Ingredients