South & Central America Palatants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

List of Tables

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)

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.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America palatants market
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in South & Central America palatants market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Product Code: BMIRE00028045

1. Introduction

1.1 Study Scope
1.2 The Insight Partners 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 Insight Partners
13.2 Glossary of Terms