The South & Central Americapalatants 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)
South & Central America Palatants Market Segmentation
The South & Central Americapalatants market is segmented into form, category, source, and country.- Based on form, the South & Central America palatants market is bifurcated intodry 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 segmentedinto Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Palatants Market - By Form
1.3.2 South & Central America Palatants Market - By Category
1.3.3 South & Central America Palatants Market - Source
1.3.4 South & Central America Palatants Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Palatants Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South & Central America Palatants Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Popularity of Pet Humanization
5.1.2 Changing Consumer Perception Regarding Pet Health
5.2 Market Restraints
5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
5.3.1 Increasing Product Innovation
5.4 Future Trends
5.4.1 Increasing Consumer Preference for Clean Label Products
5.5 Impact Analysis of Drivers and Restraints
6. South & Central America Palatants Market Analysis
6.1 South & Central America Palatants Market Overview
6.2 South & Central America Palatants Market Forecast and Analysis
7. South & Central America Palatants Market Analysis - By Form
7.1 Overview
7.2 South & Central America Palatants Market, By Form (2021 and 2028)
7.2.1 Dry
7.2.2 Overview
7.2.3 Dry: South & Central America Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
7.2.4 Liquid
7.2.5 Overview
7.2.6 Liquid: South & Central America Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
8. South & Central America Palatants Market Analysis - By Category
8.1 Overview
8.2 South & Central America Palatants Market, By Category (2021 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: South & Central America Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: South & Central America Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9. South & Central America Palatants Market Analysis - By Source
9.1 Overview
9.2 South & Central America Palatants Market, By Source (2021 and 2028)
9.3 Plant-Derived Palatants
9.3.1 Overview
9.3.2 Plant-Derived Palatants: South & Central America Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Meat-Derived Palatants
9.4.1 Overview
9.4.2 Meat-Derived Palatants: South & Central America Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.5 Insect-Derived Palatants
9.5.1 Overview
9.5.2 Insect-Derived Palatants: South & Central America Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others: South & Central America Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
10. South & Central America Palatants Market - Country Analysis
10.1 Overview
10.1.1 South & Central America Palatants Market , by Key Country
10.1.1.1 Brazil: South & Central America Palatants Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: South & Central America Palatants Market, by Form
10.1.1.1.2 Brazil: South & Central America Palatants Market, by Category
10.1.1.1.3 Brazil: South & Central America Palatants Market, by Source
10.1.1.2 Argentina: South & Central America Palatants Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: South & Central America Palatants Market, by Form
10.1.1.2.2 Argentina: South & Central America Palatants Market, by Category
10.1.1.2.3 Argentina: South & Central America Palatants Market, by Source
10.1.1.3 Rest of South & Central America: South & Central America Palatants Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of South & Central America: South & Central America Palatants Market , by Form
10.1.1.3.2 Rest of South & Central America: South & Central America Palatants Market , by Category
10.1.1.3.3 Rest of South & Central America: South & Central America Palatants Market , by Source
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Kerry Group Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Archer-Daniels-Midland Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AFB International Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BHJ AS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Symrise AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Innov Ad NV/SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kemin Industries Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ohly GmbH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Tables
Table 1 South & Central America Palatants Market Revenue Forecast to 2028 (US$ Mn)
Table 2. South & Central America Palatants Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 3. South & Central America Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 4. South & Central America Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: South & Central America Palatants Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: South & Central America Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 7. Brazil: South & Central America Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: South & Central America Palatants Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: South & Central America Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: South & Central America Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South & Central America: South & Central America Palatants Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South & Central America: South & Central America Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South & Central America: South & Central America Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, South & Central America Palatants Market
List of Figures
Figure 1. South & Central America Palatants Market Segmentation
Figure 2. South & Central America Palatants Market Segmentation - By Country
Figure 3. South & Central America Palatants Market Overview
Figure 4. Dry segment holds the largest share
Figure 5. Brazil Held Largest Share of South & Central America Palatants Market in 2021
Figure 6. Porter's Five Forces Analysis: South & Central America Palatants Market
Figure 7. Ecosystem: South & Central America Palatants Market
Figure 8. Expert Opinion
Figure 9. South & Central America Palatants Market: Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Palatants Market Forecast and Analysis, 2020-2028 (US$ Mn)
Figure 11. South & Central America Palatants Market Revenue Share, by Form (2021 and 2028)
Figure 12. Dry: South & Central America Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Liquid: South & Central America Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 14. South & Central America Palatants Market Revenue Share, by Category (2021 and 2028)
Figure 15. Organic: South & Central America Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Conventional: South & Central America Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. South & Central America Palatants Market Revenue Share, by Source (2021 and 2028)
Figure 18. Plant-Derived Palatants: South & Central America Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Meat-Derived Palatants: South & Central America Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Insect-Derived Palatants: South & Central America Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Others: South & Central America Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. South & Central America Palatants Market, by Key Country- Revenue (2021) (US$ Million)
Figure 23. South & Central America Palatants Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Brazil: South & Central America Palatants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. Argentina: South & Central America Palatants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of South & Central America: South & Central America Palatants Market -Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- AFB International Inc
- Archer-Daniels-Midland Co
- BHJ AS
- Innov Ad NV/SA
- Kemin Industries Inc
- Kerry Group Plc
- Ohly GmbH
- Symrise AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 107 |
| Published | February 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 114.99 Million |
| Forecasted Market Value ( USD | $ 132.33 Million |
| Compound Annual Growth Rate | 2.4% |
| No. of Companies Mentioned | 8 |
