Market Size of Feed Flavors, Sweeteners and Natural Enhancers Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.41 Billion |
| Market Size (2029) | USD 3.04 Billion |
| CAGR (2024 - 2029) | 4.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Feed Flavors, Sweeteners & Natural Enhancers Market Analysis
The Feed Flavors, Sweeteners and Natural Enhancers Market size is estimated at USD 2.41 billion in 2024, and is expected to reach USD 3.04 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
COVID-19 adversely affected livestock production and consumption. This effect ultimately spilled into the feed industry, including the feed flavors, sweeteners, and natural enhancers market. The companies in this industry were also facing issues due to production restraints and supply chain issues. However, the industry is expected to achieve pre-covid demand and production levels in the near future if no further outbreaks disrupt the market.
The market studied is growing due to the rising consumer awareness and demand for quality meat. Government monitoring agencies, such as the US Food and Drug Administration (USFDA) and European Food Safety Authority, imposed rules regarding the quality of food to be delivered to consumers. As meat consumption is increasing across the world, the market studied is witnessing growth. High awareness, the growing demand for animal nutrition, and the ban of antibiotics in many regions are prompting players in the livestock industry and meat manufacturers to use probiotics, which is anticipated to drive the market's growth worldwide.
