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Latin America Pet Food Nutraceuticals Market By Ingredient Type (Omega 3 Fatty Acids, Proteins And Peptides, Milk Bio Actives, Probiotics, Dietary Fibre, And Others), By Function Type (Nutrition/Therapeutic, Supplements), By Pet Type (Cats, Fish, Dogs, Bird, And Others), By Application Type (Weight Management, Immune System, Food Allergies, Pain Relief, Digestive Health, Skin And Coat, Eye Care, And Others), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2022 to 2027)

Published: January, 2022
ID: 1263
Pages: 145

Latin America Pet Food Nutraceuticals Market Growth 2026:

The Latin America Pet Food Nutraceuticals Market was worth USD 0.72 billion in 2021 and estimated to be growing at a CAGR of 3.63%, to reach USD 1.19 billion by 2026. The health-conscious user perceives nutrition-enabled foods as a substitute for healthcare expenses, thereby driving the growth of the nutraceutical market.

The pet food nutraceuticals market is characterized as dietary supplements, functional or medicinal food products that supply a source of a standard vital nutrient, like calcium or vitamin A. They are meant to function as supplements and guarantee the nutritional wholeness of the pet diet.

The growth of the Latin America Pet Food Nutraceuticals market is majorly driven by factors such as an increasing number of people adopting pets, user attitudinal transformation towards pets with curiosity on their nutrition and health, and rapid urbanization. However, factors such as different regulatory bodies and lack of raw materials are restraining the growth of the market in this region. Another major challenge for the market is the lack of recognition of pet food in under-developed countries due to low incomes.

Market Segmentation:

The Latin America Pet Food Nutraceuticals market is segmented based on

  • Ingredient Type
  • Function type
  • Pet Type
  • Application Type

The market for Pet Food Nutraceuticals, on the basis of Ingredient Type, is classified into Omega 3 fatty acids, Proteins and Peptides, Milk Bio actives, Probiotics, Dietary Fibre, and others. Among these, Omega 3 fatty acids lead the Pet Food Nutraceuticals market, followed by Probiotics. This demand is largely driven by age-associated diseases in pets like joints deterioration and cognitive dysfunction. On the basis of Function type, the Pet Food Nutraceuticals market is segmented into Nutrition/Therapeutic and Supplements. On the basis of Pet Type, the Pet Food Nutraceuticals market is segmented into Cats, Fish, Dogs, Bird, and others. Under this segment, dogs and cats lead the market accounting for a combined share of 75% of the market. On the basis of Application Type, the Pet Food Nutraceuticals market is segmented into Weight Management, Immune system, Food Allergies, Pain Relief, Digestive health, Skin and Coat, Eyecare, and others. Under this segment, the Immune system leads the market, followed by Food Allergies and Pain Relief.

Geographical Analysis:

Latin America market region includes countries such as Brazil, Argentina, Mexico, and the remaining countries of South America. Mexico and Brazil lead the Pet Food Nutraceuticals market in Latin America with a market share of 36% and 32% respectively. Mexico is characterized by the traits of most developing markets, where the shifting economic and social conditions are the main drivers of the market.

Major Key Players:

The major players in this market are focusing on the areas of Digestive health, weight management, and beauty (Skin and Coat). The major companies dominating the Pet Food Nutraceuticals market in this region are Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.

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 New Developments                

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 By Ingredient Type                  

                                5.1.1 Omega 3 fatty acids             

                                5.1.2 Proteins and Peptides        

                                5.1.3 Milk Bio actives     

                                5.1.4 Probiotics

                                5.1.5 Dietary Fibre          

                                5.1.6 Others      

                5.2 By Function type                      

                                5.2.1 Nutrition/Therapeutic       

                                5.2.2 Supplements         

                5.3 By Pet Type                

                                5.3.1 Cats           

                                5.3.2 Fish            

                                5.3.3 Dogs          

                                5.3.4 Bird            

                                5.3.5 Others      

                5.4 By Application Type                

                                5.4.1 Weight Management         

                                5.4.2 Immune system   

                                5.4.3 Food Allergies        

                                5.4.4 Pain Relief               

                                5.4.5 Digestive health    

                                5.4.6 Skin and Coat         

                                5.4.7 Eye care   

                                5.4.8 Others      

6. Geographical Analysis                                              

                6.1 Introduction                              

                6.2 Brazil                             

                6.3 Argentina                    

                6.4 Mexico                         

                6.5 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 Diana group               

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues            

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 BASF SE                        

                8.3 Chr. Hansen A/S                       

                8.4 Kemin Industries Inc.                              

                8.5 Nutraceutical International LLC                          

                8.6 Royal DSM N.V                         

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. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Latin America Pet Food Nutraceuticals Market By Region, From 2022 - 2027 (USD Billion)
  2. Latin America Pet Food Nutraceuticals Market By Ingredient Type , From 2022 - 2027 (USD Billion)
  3. Latin America Omega 3 fatty acids Market By Region, From 2022 - 2027 (USD Billion)
  4. Latin America Proteins and Peptides Market By Region, From 2022 - 2027 (USD Billion)
  5. Latin America Milk Bio actives Market By Region, From 2022 - 2027 (USD Billion)
  6. Latin America Probiotics Market By Region, From 2022 - 2027 (USD Billion)
  7. Latin America Dietary Fibre Market By Region, From 2022 - 2027 (USD Billion)
  8. Latin America Other ingredients Market By Region, From 2022 - 2027 (USD Billion)
  9. Latin America Pet Food Nutraceuticals Market By Function type , From 2022 - 2027 (USD Billion)
  10. Latin America Nutrition/Therapeutic Market By Region, From 2022 - 2027 (USD Billion)
  11. Latin America Supplements Market By Region, From 2022 - 2027 (USD Billion)
  12. Latin America Pet Food Nutraceuticals Market By Pet Type , From 2022 - 2027 (USD Billion)
  13. Latin America Cats Market By Region, From 2022 - 2027 (USD Billion)
  14. Latin America Fish Market By Region, From 2022 - 2027 (USD Billion)
  15. Latin America Dogs Market By Region, From 2022 - 2027 (USD Billion)
  16. Latin America Bird Market By Region, From 2022 - 2027 (USD Billion)
  17. Latin America Other pets Market By Region, From 2022 - 2027 (USD Billion)
  18. Latin America Pet Food Nutraceuticals Market By Application Type , From 2022 - 2027 (USD Billion)
  19. Latin America Weight Management Market By Region, From 2022 - 2027 (USD Billion)
  20. Latin America Immune system Market By Region, From 2022 - 2027 (USD Billion)
  21. Latin America Food Allergies Market By Region, From 2022 - 2027 (USD Billion)
  22. Latin America Pain Relief Market By Region, From 2022 - 2027 (USD Billion)
  23. Latin America Digestive health Market By Region, From 2022 - 2027 (USD Billion)
  24. Latin America Skin and Coat Market By Region, From 2022 - 2027 (USD Billion)
  25. Latin America Eye care Market By Region, From 2022 - 2027 (USD Billion)
  26. Latin America Other applications Market By Region, From 2022 - 2027 (USD Billion)
  27. Brazil Pet Food Nutraceuticals Market By Ingredient Type , From 2022 - 2027 (USD Billion)
  28. Brazil Pet Food Nutraceuticals Market By Function type , From 2022 - 2027 (USD Billion)
  29. Brazil Pet Food Nutraceuticals Market By Pet Type , From 2022 - 2027 (USD Billion)
  30. Brazil Pet Food Nutraceuticals Market By Application Type , From 2022 - 2027 (USD Billion)
  31. Argentina Pet Food Nutraceuticals Market By Ingredient Type , From 2022 - 2027 (USD Billion)
  32. Argentina Pet Food Nutraceuticals Market By Function type , From 2022 - 2027 (USD Billion)
  33. Argentina Pet Food Nutraceuticals Market By Pet Type , From 2022 - 2027 (USD Billion)
  34. Argentina Pet Food Nutraceuticals Market By Application Type , From 2022 - 2027 (USD Billion)
  35. Mexico Pet Food Nutraceuticals Market By Ingredient Type , From 2022 - 2027 (USD Billion)
  36. Mexico Pet Food Nutraceuticals Market By Function type , From 2022 - 2027 (USD Billion)
  37. Mexico Pet Food Nutraceuticals Market By Pet Type , From 2022 - 2027 (USD Billion)
  38. Mexico Pet Food Nutraceuticals Market By Application Type , From 2022 - 2027 (USD Billion)

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