Latin America Market had a Feed Palatability Enhancers & Modifiers market value of USD 380 Million in 2021 and is forecasted to exhibit a CAGR of 3.63% and reach USD 452 Million by 2026.
The Feed Palatability Enhancers & Modifiers market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with the increase in the meat consumption all around the world and has therefore received special attention from the manufacturers of Feed additives like flavours, sweeteners and texturants.
Feed Palatability Enhancers & Modifiers are used for overcoming the smell and bitter taste of feed caused due to feed additives, which are good for animal health and thus necessary. Sweeteners and Flavours are thus used for neutralizing the taste and smell. Palatability includes oxidation, mold control and better shelf life for animal feed.
Drivers and Restraints of Latin America Feed Palatability Enhancers and Modifiers Market:
The rise in demand for healthy and safe human food as well as mass meat production has gained attention from various feed additives manufacturers. It has resulted in a rapid growth in the market lately. Other driving factors for the market include rise in meat consumption, consumer awareness about meat quality, increased demand for feed and the pet food quality which is major concern. The market has also faced some restraints and challenges. Some of the major ones include harmful effects of ingredients and increase in cost of raw materials. These factors have resulted in holding back the market from reaching its actual potential.
Latin America Feed Palatability Enhancers and Modifiers Market - By Type:
Flavours
Latin America Feed Palatability Enhancers and Modifiers Market - By Livestock:
The cattle segment had for the highest market share under livestock segmentation due to increase in production of cattle meat over the recent years and is expected to grow even further.
Geographical Analysis:
On the basis of geography, the Latin America market is analysed under various regions namely
Major Key Players:
Some of the major companies dominating the market, by their products and services include Diana Group, Associated British Foods PLC, E. I. Dupont, Ensign-Bickford Industries Inc., Eli Lilly and Company, Ferrer, Kent Feeds Inc., Kemin Europa, Kerry Group PLC, Tanke International Group
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Feed Flavours
5.1.2.1 Natural
5.1.2.2 Synthetic
5.1.3 Feed Sweeteners
5.1.3.1 Natural
5.1.3.2 Synthetic
5.1.4 Feed Texturants
5.1.4.1 Natural
5.1.4.2 Synthetic
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 Livestock
5.2.1 Introduction
5.2.2 Safety Biomarkers
5.2.3 Efficacy Biomarkers
5.2.4 Validation Biomarkers
5.2.5 Y-o-Y Growth Analysis, By Livestock
5.2.6 Market Attractiveness Analysis, By Livestock
5.2.7 Market Share Analysis, By Livestock
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Livestock
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Livestock
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Livestock
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Associate British Foods PLC
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT
8.1.6 Analyst View
8.2 Diana Group
8.3 E.I. Dupont
8.4 Eli Lilly and Company
8.5 Ensign-Bickford Industries Inc.
8.6 Ferrer
8.7 Kemin Europe
8.8 Kent Feeds Inc
8.9 Kerry Group PLC
8.10 Tanke International Group
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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