The Feed Flavors Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Feed Flavors Market is estimated to be USD 1.19 billion in 2016 and predicted to rise to USD 1.46 billion by 2021with a CAGR of 3.4%. The market is segmented by flavor ( fruits, spices, butter and others) , by livestock ( ruminants, swine, poultry, aquaculture and others) , by form ( dry and liquid) , by source ( natural and synthetic) . Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market factors driving the market include tremendous growth of the meat & dairy products industries, increasing demand for palatability boosting ingredients and increasing awareness of consumers towards quality meat products. Additionally, innovative husbandry practices are being adopted which further fuel the growth of the market. However, the lack of awareness about palatability-boosting additives in developing countries may act as a restraining factor for this market in coming years.
The market for Feed Flavors is broadly categorized into flavor, livestock, form and source. By flavor the market is segmented into fruits, spices, butter and others. By livestock the market is classified into ruminants, swine, poultry, aquaculture and others. By form the market is divided into dry and liquid. Dry feed accounts for a major share of the market. By source the market is divided into natural and synthetic.
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Feed Flavors market was dominated by North America followed by Europe. Asia Pacific is expected to grow at the highest CAGR.
Some of the major companies dominating the market, by their products and services include 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).
Browse through the full report at https://www.marketdataforecast.com/market-reports/feed-flavours-market-6320/ and checkout our recent reports in the Animal Feed at https://www.marketdataforecast.com/subcategory/animal-feed-7/ For more insights and up-to-date industry news don’t forget subscribing to our newsletters.