Feed Flavors, Sweeteners and Natural Enhancers Market Size

Statistics for the 2023 & 2024 Feed Flavors, Sweeteners and Natural Enhancers market size, created by Mordor Intelligence™ Industry Reports. Feed Flavors, Sweeteners and Natural Enhancers size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Feed Flavors, Sweeteners and Natural Enhancers Industry

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Market CAGR
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

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*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.

Feed Flavors, Sweeteners and Natural Enhancers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)