The global animal feed sweetener market value is estimated to total USD 9,732.1 million in 2024 and is projected to increase at a CAGR of 8.7% during the forecast period. Global animal feed sweetener sales are projected to total USD 20,784.6 million by 2034.
Several factors are expected to drive the growth of the animal feed sweetener industry during the assessment period. These include the booming livestock sector, growing consumption of animal products, and surging demand for high-quality nutritional feeds.
Feed sweeteners are gaining wider popularity due to their ability to enhance food taste and appeal. These additives increase the palatability of feed to gain more nutrition out of it after absorption without any side effects.
Animal owners purchase feeds with enhanced palatability to ensure their animals receive the proper nutrition and avoid various health issues. Thus, high spending on quality nutritional feeds is expected to boost sales growth through 2034.
The clean label movement is having a profound impact on the industry due to growing consumer demand for transparency. The main aim of the clean label movement is to maintain transparency about food and feed ingredients among consumers.
Increasing awareness about pet food and nutrition has boosted the market for clean-label products. There is an increased interest in natural feed sweeteners, creating new growth windows for the market.
Key Takeaways from the Global Animal Feed Sweetener Market Study:
- The animal feed sweetener market is projected to expand at a CAGR of 8.7% through 2034.
- Based on product type, the artificial sweetener segment is expected to dominate the market with a 54.4% market share in 2024.
- Based on form, the powder segment is set to account for a share of about 41.2% in 2024.
- China is expected to hold 65.2% in the East Asia region during the forecast period.
- Demand in the United States will likely increase at a CAGR of 4.2% through 2034.
“The animal feed sweetener market shows promising growth potential, driven by the increasing demand for natural and sustainable ingredient sources. Collaborations, mergers, and acquisitions among players indicate a competitive landscape focused on innovation and meeting evolving consumer preferences for holistic animal health and wellness.” says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Browse full Report: https://www.futuremarketinsights.com/reports/animal-feed-sweetener-market
Who is Winning?
Leading players cover the maximum market share and the rest is for the smaller and start-up organizations.
Many players are implementing strategies like partnerships, acquisitions, and mergers to expand their presence and stay ahead. Start-ups are innovating with new ingredients and innovative sources.
Leading Animal Feed Sweetener Brands
- ADM Animal Nutrition
- Palital Feed Additives B.V.
- Purina
- INDUSTRIAL TECNICA PECUARIA, S.A.
- EnSigns Health Care Pvt Ltd
- Norel Animal nutrition
- Veesure India
- Kemin Industries, Inc.
- Henan Znok Livestock Trading Co., Ltd.
- Indiana Sugars
Industry Updates:
- In December 2023, ADM announced the acquisition of PT Trouw Nutrition Indonesia, a key provider of nutritional and functional solutions for livestock farming.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global animal feed sweetener market, presenting Historical Demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034. The study offers market growth projections based on product type, form, animal type, sales channel and region.
Key Segments of Market Report
By Product Type:
The animal feed sweetener market segmentation, based on product type, is divided into natural sweeteners and artificial sweeteners. The natural sweeteners segment is further divided into stevia, palm sugar, honey, maple syrup, molasses, and thaumatin. Similarly, artificial sweeteners category is further categorized into aspartame, neotame, saccharin, sucralose, neohesperidin dihydrochalcone (NHDC).
By Form:
Feed sweeteners come in powder, liquid and crystal forms.
By Animal Type:
Based on animal type, the animal feed sweetener market is divided into ruminant, poultry, swine, and pet animals.
By Sale Channel:
Different sales channels include direct sale (B2B sales), indirect sale (B2C sales)- offline retail, and online retail. The indirect sales segment is further segmented into veterinary (pet) stores, hypermarket/supermarket, speciality store, and discount store.
By Region:
Animal feed sweetener market analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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