Food & Beverage Market Research News

Europe's feed flavors and sweeteners market forecast to 2021 made available by top research firm

Food & Beverage Market Research

The Europe Feed Flavors and Sweeteners Market was worth USD 320 million in 2016 and estimated to be growing at a CAGR of 3.40%, to reach USD 380 million by 2021.

Feed additives are the edible substances added to the animal food in order to make it tastier or enhance its appearance. Sweetener is a substance used as a substitute of sugar.

It is mostly helpful for the people suffering from sugar problems or disease like diabetes in which the intake of sugar is asked to be very low.

People have been keeping livestock in form of cattle for a long time for their own benefits like milk and wool from sheep.

In order to keep these livestock healthy, they need to provide better food to them, which was provided back then in the form of natural feed additives and sweeteners mixed to the regular feed for the livestock. It wasn’t until the second half of twentieth century, when a RandD started increasing in this sector and many more food additives started coming into the market, of both natural and artificial origin.

Same is in the case of sweeteners, they come from both natural sources and are also manufactured artificially.

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Enormous number of researches and innovations in the food sector which started in late 20th century and is still going on has led to the development of a lot of artificial feed flavors and sweeteners. These developments has helped this market a lot because with new innovations in this market, more cheaper and cheaper product comes in market and encourage people to use them.

Main purpose of using Feed Flavors and sweeteners in animal feed is to remove the bitter taste of minerals, vitamins and other medicines to increase the intake of animals. On the other hand, unawareness of people to spend on their livestock is challenging this market.

The Europe market for Feed Flavors and Sweeteners is broadly categorized by Type and by Livestock. On the basis of Livestock, they are further categorized into cattle, swine, poultry, aquaculture and others.

On the basis of Type, there are Natural and Artificial Feed Flavors and Sweeteners. On the basis of livestock, Cattle is the biggest market followed by swine and poultry.

The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Germany is the biggest market in this region.

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Some of the major companies dominating the market, by their products and services include Biomin GMBH, E. I. Dupont, Eli Lilly and Company, Ferrer Internacional S.A., Industrial Técnica Pecuaria, Jefo Nutrition Inc, Kerry Group PLC, Phytobiotics, Prinova and Tanke International Group.

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