About Feed Flavours and Sweeteners
Feed flavors and sweeteners are additives that are included in livestock, poultry, swine, aquaculture, and other animal feeds in order to mask the bitterness of the feed. Since the intake of feed by animals depends on several factors, such as thermal environment, stocking density, genotype, and dietary factors, these additives are included as they enhance the taste, smell, and texture, resulting in the increased feed intake by the livestock and other animals, and improved performance.
Technavio’s analysts forecast the global feed flavours and sweeteners market to grow at a CAGR of 3.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global feed flavours and sweeteners market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Feed Flavours and Sweeteners Market 2017-2021
Technavio recognizes the following companies as the key players in the global feed flavours and sweeteners market: ERBER, Grupo Ferrer Internacional, INDUSTRIAL TECNICA PECUARIA, PHYTOBIOTICS, and Tanke.
Other Prominent Vendors in the market are: Bell Flavors & Fragrances, Canadian Bio-Systems, INGESTA, Innovad, Jefo, Menon Animal Nutrition Technology, Nutriad, Norel, PMT, and Pancosma.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is significance of organic trace minerals. Organic trace minerals, such as zinc, manganese, cobalt, copper, iron, magnesium, selenium, iodine, and molybdenum, play a critical role in the biochemical, metabolic, and enzymatic reactions in the body of animals, resulting in better egg production, feed efficiency, and growth enhancement. The deficit in any of the trace nutrients in the animal feed may lead to low hatchability, low feed efficiency, outbreak of diseases, poor growth rate, and low egg production.”
According to the report, one driver in the market is increased demand for meat products. The demand for processed meat products such as hot dogs, corned beef, and sausages is increasing owing to the increased use of fast food, such as burgers and nuggets. Further, the innovations in the packaging industry are expected to boost the consumption of meat, seafood, and meat products, globally. For instance, tray seal and thermoforming technology, which protect the meat through altered atmosphere packaging, can offer prolongated shelf life. Therefore, the increased demand for processed meat coupled with innovations in the packaging industry is driving the demand for meat in fast food, which is expected to drive the global meat consumption.
Further, the report states that one challenge in the market is shift in the preference toward conventional feed. Non-conventional feed resources require numerous additives, such as flavors, vitamins, amino acids, and fatty acids, in order to provide additional nutrients to the animals. These additives are likely to cause diseases in animals, especially cattle. For instance, the use of the meat and bone meal (MBM) additive in cattle feed leads to bovine spongiform encephalopathy (BSE), by the binding of MBM and pathogenic prion protein. In order to prevent such diseases, conventional feed, such as grass and grains, is preferred over non-conventional feed. This shift in the preference toward conventional feed is expected to hinder the demand for non-conventional feed, which will affect the growth of the global flavors and sweeteners market.
ERBER, Grupo Ferrer Internacional, INDUSTRIAL TECNICA PECUARIA, PHYTOBIOTICS, and Tanke, Bell Flavors & Fragrances, Canadian Bio-Systems, INGESTA, Innovad, Jefo, Menon Animal Nutrition Technology, Nutriad, Norel, PMT, and Pancosma.