South & Central America Palatants Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis – by Form (Dry and Liquid), Category (Organic and Conventional), and Source (Plant Derived Palatants, Meat Derived Palatants, Insect Derived Palatants, and Others)


No. of Pages: 107    |    Report Code: BMIRE00028045    |    Category: Food and Beverages

South & Central America Palatants Market
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The South & Central America palatants market is expected to grow from US$ 114.99 million in 2022 to US$ 132.33 million by 2028. It is estimated to grow at a CAGR of 2.4% from 2022 to 2028. 

 

Rising Popularity of Pet Humanization have Increased the Demand for South & Central America Palatants Market

 

In recent years, the humanization of pets grew significantly across the globe. The shift from pet owning to pet parenting has been a defining trend in the palatants market, especially in developed economies. Increasing consumer spending on pet care categories is attributed to the growing trend of pet humanization. Consumers are increasingly spending on premium pet food and products that are healthy, nutritious, and improving living conditions. There is a growing focus on pet health and wellness, sustainable products, eco-friendly, natural, and locally-sourced ingredients. Consumers are also investing in special diets and indulgent products, which promise a better quality of life to their pets. The use of palatants in pet food helps improve the taste, flavor, and texture that resemble their original meat food. Thus, the rising popularity of pet humanization have increased the demand for South & Central America palatants market during the forecast period.

 

South & Central America Overview

 

The South & Central America palatants market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil is one of the world’s largest markets for animal feed products. During the initial months of the COVID-19 pandemic, thousands of Brazilian households acquired pets. Consumers are now becoming aware of their pet’s health and are mainly buying premium pet food with rich nutritional value. Moreover, the pet care industry in Chile is benefitted from the humanization of pets. As per the Agriculture and Livestock Service of Chile, the Chilean government authorized and registered 147 new imported pet food products in the local market in 2021. Thus, with the increasing animal food consumption, the demand for palatants is expected to surge in Brazil, Chile, and other South & Central American countries in the coming years.

 

 South & Central America Palatants Market Revenue and Forecast to 2028 (US$ Million)

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South & Central America Palatants Strategic Insights

Strategic insights for the South & Central America Palatants provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South & Central America Palatants Report Scope

Report Attribute Details
Market size in 2022 US$ 114.99 Million
Market Size by 2028 US$ 132.33 Million
Global CAGR (2022 - 2028) 2.4%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Form
  • Dry
  • Liquid
By Category
  • Organic
  • Conventional
By Source
  • Plant Derived Palatants
  • Meat Derived Palatants
  • Insect Derived Palatants
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • AFB International Inc
  • Archer-Daniels-Midland Co
  • BHJ AS
  • Innov Ad NV/SA
  • Kemin Industries Inc
  • Kerry Group Plc
  • Ohly GmbH
  • Symrise AG
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    South & Central America Palatants Regional Insights

    The geographic scope of the South & Central America Palatants refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    South & Central America Palatants Market Segmentation

     

    The South & Central America palatants market is segmented into form, category, source, and country.

     

    Based on form, the South & Central America palatants market is bifurcated into dry and liquid. The dry segment held the larger market share in 2022.

     

    Based on category, the South & Central America palatants market is bifurcated into organic and conventional. The conventional segment held the larger market share in 2022.

     

    Based on source, the South & Central America palatants market is segmented into plant derived palatants, meat derived palatants, insect derived palatants, and others. The meat derived palatants segment held the larger market share in 2022.

     

    Based on country, the South & Central America palatants market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market share in 2022.

    AFB International Inc; Archer-Daniels-Midland Co; BHJ AS; Innov Ad NV/SA; Kemin Industries Inc; Kerry Group Plc; Ohly GmbH; and Symrise AG are the leading companies operating in the South & Central America palatants market.

    The List of Companies - South & Central America Palatants Market

    1. AFB International Inc
    2. Archer-Daniels-Midland Co
    3. BHJ AS
    4. Innov Ad NV/SA
    5. Kemin Industries Inc
    6. Kerry Group Plc
    7. Ohly GmbH
    8. Symrise AG
    Frequently Asked Questions
    How big is the South & Central America Palatants Market?

    The South & Central America Palatants Market is valued at US$ 114.99 Million in 2022, it is projected to reach US$ 132.33 Million by 2028.

    What is the CAGR for South & Central America Palatants Market by (2022 - 2028)?

    As per our report South & Central America Palatants Market, the market size is valued at US$ 114.99 Million in 2022, projecting it to reach US$ 132.33 Million by 2028. This translates to a CAGR of approximately 2.4% during the forecast period.

    What segments are covered in this report?

    The South & Central America Palatants Market report typically cover these key segments-

    • Form (Dry, Liquid)
    • Category (Organic, Conventional)
    • Source (Plant Derived Palatants, Meat Derived Palatants, Insect Derived Palatants)

    What is the historic period, base year, and forecast period taken for South & Central America Palatants Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Palatants Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in South & Central America Palatants Market?

    The South & Central America Palatants Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • AFB International Inc
  • Archer-Daniels-Midland Co
  • BHJ AS
  • Innov Ad NV/SA
  • Kemin Industries Inc
  • Kerry Group Plc
  • Ohly GmbH
  • Symrise AG
  • Who should buy this report?

    The South & Central America Palatants Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the South & Central America Palatants Market value chain can benefit from the information contained in a comprehensive market report.

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