The animal feed sweetener market in the United States is expected to grow at a CAGR of 4.9%, reaching USD 2,512.2 million by 2034. With a strong culture of health and wellness for pets and livestock, and highly acceptable for nutritious feed materials, the market outlook remains. positive.
NEWARK, Del., June 27, 2024 (GLOBE NEWSWIRE) — The global value of the animal sweetener market is estimated to total USD 9,732.1 million in 2024 and is expected to increase at a CAGR of 8.7% during the forecast period. Global animal feed sweetener sales are expected 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 a booming livestock sector, growing consumption of animal products, and increasing demand for quality nutritional feeds.
Feed sweeteners are gaining wider popularity due to their ability to improve the taste and attractiveness of food. These additives increase the palatability of the feed to get more nutrition from it after absorption without any side effects.
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Animal owners purchase feeds with improved palatability to ensure that their animals receive proper nutrition and prevent various health issues. Thus, high spending on quality nutritional feeds is expected to boost sales growth till 2034.
The clean label movement is having a profound impact on the industry due to growing consumer demand for transparency. The main goal of the clean label movement is to maintain transparency about food and feed ingredients to consumers.
Increasing awareness about pet food and nutrition has boosted the market for clean-label products. There is increased interest in natural feed sweeteners, creating new growth windows for the market.
Key Takeaways from the Global Animal Feed Sweetener Market Study:
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The animal feed sweetener market is expected to expand at a CAGR of 8.7% through 2034.
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Based on product type, the artificial sweetener segment is expected to dominate the market with 54.4% market share by 2024.
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Based on form, the powder segment is set to account for a share of around 41.2% by 2024.
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China is expected to hold 65.2% in the East Asia region during the forecast period.
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Demand in the United States is likely to increase at a CAGR of 4.2% through 2034.
“The animal feed sweetener market shows promising growth potential, driven by increasing demand for natural and sustainable ingredient sources. Collaborations, mergers, and acquisitions among players indicate a competitive landscape that committed to innovation and meeting evolving consumer preferences for overall animal health and well-being.” says Nandini Roy Choudhury, Client Partner at Future Market Insights.
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Who Wins?
The leading players cover the top end of the market and the rest are for smaller and start-up organizations.
Many players are implementing strategies such as partnerships, acquisitions, and mergers to expand their presence and stay ahead. Start-ups innovate with new ingredients and innovative resources.
Top Animal Feed Sweetener Brands
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ADM Animal Nutrition
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Palital Feed Additives BV
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Purine
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INDUSTRIAL TECNICA PECUARIA, SA
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EnSigns Health Care Pvt Ltd
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Norel Animal nutrition
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Veesure India
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Kemin Industries, Inc.
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Henan Znok Livestock Trading Co., Ltd.
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Sugars in Indiana
Industry Updates:
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In December 2023, ADM announced the acquisition of PT Trouw Nutrition Indonesia, a leading 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, species, sales channel and region.
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Key Segments of the Market Report
By Product Type:
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, the category of artificial sweeteners is further categorized into aspartame, neotame, saccharin, sucralose, neohesperidin dihydrochalcone (NHDC).
By Form:
Feed sweeteners come in powder, liquid and crystal form.
By Animal Type:
Based on animal type, the animal feed sweetener market is segmented into ruminant, poultry, swine, and pets.
Through the Sale Channel:
Different sales channels include direct sales (B2B sales), indirect sales (B2C sales) – offline retail, and online retail. The indirect sales segment is further divided into veterinary (pet) stores, hypermarkets/supermarkets, specialty stores, and discount stores.
By Region:
The animal feed sweetener market analysis has been conducted in the major countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.
About the Food and Beverage Division at Future Market Insights:
Expert analysis, actionable insights and strategic recommendations – the food and beverage team at Future Market Insights helps clients from around the world with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has clearly analyzed the food and beverage industry in 50+ countries for over a decade. The team provides end-to-end research and consulting services; get in touch to find out how we can help.
Written by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. He advises industry leaders and explores opportunities and challenges outside the eye. He puts processes and operating models in place to support their business goals.
He has exceptional analytical skills and often brings thought leadership to the table.
Nandini has extensive functional expertise in key niches, including but not limited to food ingredients, nutrition and health solutions, animal nutrition, and marine nutrients. He is also experienced in the pharmaceutical, biotechnology, retail, and chemical sectors, where he advises market participants to develop methods and strategies that deliver results.
His primary expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions, and post-merger integration and cost reduction. Nandini has an MBA in Finance from the MIT School of Business. He also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and has been quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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