Latin America Feed Flavors and Sweeteners Market is projected to be growing at a CAGR of 3.50%, to reach USD 290 million by 2021.
The Latin America Feed Flavors and Sweeteners Market was worth USD 240 million in 2016 and estimated to be growing at a CAGR of 3.50%, to reach USD 290 million by 2021.
(EMAILWIRE.COM, September 25, 2017 ) Market is looking strong in this region in the mentioned forecast period of this report in terms of growth rate. Feed additives and Sweeteners are the edible substances added to the animal feed in order to make it tastier to eat and add some extra nutrients in the feed.
People have been keeping livestock in form of cattle for a long time for their own benefits like milk and wool from sheep. In order to keep these livestock healthy, they need to provide better food to them, which was provided back then in the form of natural feed additives and sweeteners mixed to the regular feed for the livestock. It wasn’t until the second half of twentieth century, when a RandD started increasing in this sector and many more food additives started coming into the market, of both natural and artificial origin. Same is in the case of sweeteners; they come from both natural sources and are also manufactured artificially.
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With this region being near the North American region which is a developed region, technology and new inventions arrives fast in this region. With new technology comes the new innovations which help the market in this region a lot. Also, developing countries like Brazil and Mexico contribute a lot to the growth of this region. Main purpose of using Feed Flavors and sweeteners in animal feed is to remove the bitter taste of minerals, vitamins and other medicines to increase the intake of animals. On the other hand, unawareness of people to spend on their livestock is challenging this market.
The Latin America market for Feed Flavors and Sweeteners is broadly categorized by Type and by Livestock. On the basis of Livestock, they are further categorized into cattle, swine, poultry, aquaculture and others. On the basis of Type, there are Natural and Artificial Feed Flavors and Sweeteners. On the basis of livestock, Cattle is the biggest market followed by swine and poultry.
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Geographically, Latin America feed flavour and sweetener market has been segmented into Brazil, Argentina, Mexico, Colombia and rest of the nations of South America. Latin America has the second highest growth rate in the world among all the segmented regions in the Global Market. Brazil in this region has the biggest market share and growth rate.
Some of the major companies dominating the market, by their products and services include Biomin GMBH, E. I. Dupont, Eli Lilly and Company, Ferrer Internacional S.A., Industrial Técnica Pecuaria, Jefo Nutrition Inc, Kerry Group PLC, Phytobiotics, Prinova and Tanke International Group.
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About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
People have been keeping livestock in form of cattle for a long time for their own benefits like milk and wool from sheep. In order to keep these livestock healthy, they need to provide better food to them, which was provided back then in the form of natural feed additives and sweeteners mixed to the regular feed for the livestock. It wasn’t until the second half of twentieth century, when a RandD started increasing in this sector and many more food additives started coming into the market, of both natural and artificial origin. Same is in the case of sweeteners; they come from both natural sources and are also manufactured artificially.
View full report @ http://www.marketdataforecast.com/market-reports/latin-america-feed-flavors-sweeteners-market-3383/
With this region being near the North American region which is a developed region, technology and new inventions arrives fast in this region. With new technology comes the new innovations which help the market in this region a lot. Also, developing countries like Brazil and Mexico contribute a lot to the growth of this region. Main purpose of using Feed Flavors and sweeteners in animal feed is to remove the bitter taste of minerals, vitamins and other medicines to increase the intake of animals. On the other hand, unawareness of people to spend on their livestock is challenging this market.
The Latin America market for Feed Flavors and Sweeteners is broadly categorized by Type and by Livestock. On the basis of Livestock, they are further categorized into cattle, swine, poultry, aquaculture and others. On the basis of Type, there are Natural and Artificial Feed Flavors and Sweeteners. On the basis of livestock, Cattle is the biggest market followed by swine and poultry.
Download free sample report @ http://www.marketdataforecast.com/market-reports/latin-america-feed-flavors-sweeteners-market-3383/request-sample
Geographically, Latin America feed flavour and sweetener market has been segmented into Brazil, Argentina, Mexico, Colombia and rest of the nations of South America. Latin America has the second highest growth rate in the world among all the segmented regions in the Global Market. Brazil in this region has the biggest market share and growth rate.
Some of the major companies dominating the market, by their products and services include Biomin GMBH, E. I. Dupont, Eli Lilly and Company, Ferrer Internacional S.A., Industrial Técnica Pecuaria, Jefo Nutrition Inc, Kerry Group PLC, Phytobiotics, Prinova and Tanke International Group.
Buy now @ http://www.marketdataforecast.com/cart
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results