What is the growth factor of Feed Flavors Market?

 MARKET INTRODUCTION

Feed additives are provided within the animal feed to enhance the taste and sweetness are referred to as feed flavors & sweeteners. Feed palatability is a major concern among the feed manufacturers and is driving the growth of feed flavors market since such additives help in enhancing the palatability of feed. Furthermore, the rising importance of feed for increasing livestock yield and also productivity is another determinant propelling the market growth of palatability-boosting feed additives such as flavors. Feed flavors are sourced from both the natural and synthetic raw materials and are available in dry and liquid forms.

MARKET DYNAMICS

The feed flavor market has witnessed significant growth owing to factors such as wider application in livestock feed, including ruminants, swine, poultry, aquatic animals, and others. Increasing awareness of consumers and demanding quality meat products, is forcing instigated livestock producers to offer quality and healthy livestock in order to fulfill the quality standards required by various food players and different markets across the globe. This, in turn, is influencing the market for feed flavors. However, lack of awareness in some of the developing countries towards the importance of feed palatability and also about the benefits of using feed flavors is hampering the market growth. Nevertheless, with the steady growth in the feed processing industry and animal farming, there are opportunities for the market players to invest in this market.

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