The palatants market is projected to reach US$ 1,871.24 million by 2028 from US$ 1,296.57 million in 2022. It is expected to grow at a CAGR of 6.3% during 2022–2028.
Palatants enhance the taste of cat and dog foods, supplements, and treats. They ensure the consumption of food by the pets, thus, facilitating the adequate reception of nutrients contained in food. Pet food is expected to have an appealing taste. Pet food manufacturers provide distinct pet foods considering the demand from pet customers. Rising disposable income and growing awareness regarding pet food have further created opportunities for the major market players to develop innovative pet food products. The pet food manufacturers aim to formulate products that resonate with the buyers’ beliefs, as well as ensure the pets’ enthusiasm for their respective pet food.
In 2021, North America held a significant share of the global palatants market. Asia Pacific is estimated to register the highest CAGR in the market during the forecast period. The market in Asia Pacific is further segmented into China, India, Australia, Japan, and the Rest of Asia Pacific. Many small and large-scale pet food manufacturing companies have a presence in India, China, and Japan. The pet food manufacturing sector in Asia Pacific is rapidly adopting state-of-the-art technologies and processes, which are considered innovation accelerators. All these factors contribute to the palatants market growth in the region.
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Palatants Market: Strategic Insights
Market Size Value in US$ 1,871.24 Million by 2028 Market Size Value by US$ 1,296.57 Million in 2022 Growth rate CAGR of 6.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Palatants Market: Strategic Insights
| Market Size Value in | US$ 1,871.24 Million by 2028 |
| Market Size Value by | US$ 1,296.57 Million in 2022 |
| Growth rate | CAGR of 6.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Palatants Market
During the COVID-19 outbreak, the shutdown of manufacturing units in industries such as pet care and nutrition led to a decline in demand for palatants. During the initial stages of the COVID-19 pandemic, palatants manufacturers were forced to scale back or halt production temporarily. However, businesses gained ground as the governments of various countries eased the previously imposed restrictions. Moreover, the food & beverages, pet care and nutrition sectors witnessed a growth in demand for their offerings post-pandemic recovery.
Market Insights
Shift in Consumer Perception Regarding Pet Health Boosts Palatants Market
Palatants are the ingredients responsible for enhancing the flavors and palatability of the pet food. The increase in pet ownerships globally has led to rise in demand for healthy and palatable pet food. The nutrient rich pet food has various benefits such as preventing infections and increasing the life expectancy of pets. The recent trend in the pet food industry involves development of products that are nutritionally enriched and enhance the health of animals such as poultry, swine, and livestock. The demand for personalized pet food and animal feed has increased in developed countries such as the US, and Germany, in recent years. The pet owners are becoming conscious about the ingredients used in the pet food as well as the brands and companies offering customized pet food products. Customized pet food efficiently addresses the conditions such as dry skin and obesity in pets. The usage of palatants in pet food, treats, and supplements enhance the taste, thereby ensuring that pets receive the required vital nutrients. Thus, the growing consumer perception toward pet health is bolstering the growth of the palatants market.
Category Insights
Based on form, the palatants market is segmented into dry and liquid. In 2021, the dry segment accounted for the largest revenue share. The liquid segment is expected to register the highest CAGR during the forecast period.
Kerry Group Plc, Archer-Daniels Midland Co, AFB International Inc, BHJ AS, Bitek Industries Pty Ltd, Symrise AG, Innov Ad NV/SA, Kemin Industries Inc, Ohly GmbH, and Trilogy Essential Ingredients Inc are among the players operating in the market. These companies have broad product portfolios to cater to their clientele from different developed and developing countries. They also focus on developing high-quality, innovative products to meet customer requirements.
Report Spotlights
- Progressive industry trends in the market to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the palatants market size from 2020 to 2028
- Estimation of global demand for palatants
- Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook and factors driving and restraining the growth of the palatants market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- The size of the palatants market at various nodes
- Detailed market overview and segmentation, and the palatants industry dynamics
- Palatants market size in various regions with promising growth opportunities
The "Palatants Market Analysis to 2028" is a specialized and in-depth study of the food & beverages industry with a special focus on trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market has been analyzed on the basis of form, category, source, and geography. Based on form, the market is segmented into dry and liquid. Based on category, the market is segmented into organic, and conventional. Based on source, the market is segmented into plant derived palatants, meat derived palatants, insect derived palatants, and others. Based on geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
Palatants Market Report Scope
Company Profiles
- Kerry Group Plc
- Archer-Daniels Midland Co
- AFB International Inc
- BHJ AS
- Bitek Industries Pty Ltd
- Symrise AG
- Innov Ad NV/SA
- Kemin Industries Inc
- Ohly GmbH
- Trilogy Essential Ingredients Inc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, Category, Source, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The rising popularity of pet humanization and growing consumer awareness toward pet health, are some of the key driving factors for the palatants market.
Based on category, organic is the fastest-growing segment. The increasing awareness about pet health and wellness along with shifting consumer preferences towards organic products is boosting the popularity of organic pet food ingredients, such as organic palatants. This factor is driving the segment’s growth.
North America accounted for the largest share of the global palatants market due to the increasing popularity of pet ownership among people relating to companionship, and stress relief, along with the rising humanization of pets.
Based on form, the dry segment accounted for the largest revenue share. The low water activity of dry palatants controls microbial growth. Moreover, bulk bags are used for the packaging and shipment of dry palatants. These are the few reasons driving the segment growth.
The rising consumer preference and demand for nutrient rich, and custom pet food has increased product innovations by the manufacturers, including the development of innovative, and premium quality palatants. This is expected to provide lucrative growth opportunities to the key players operating in the global palatants market over the forecast period.
The major players operating in the global palatants market are Kerry Group Plc; Archer-Daniels Midland Co; AFB International Inc; Symrise AG; and Kemin Industries Inc among others.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Palatants Market – By Form
1.3.2 Global Palatants Market – By Category
1.3.3 Global Palatants Market – Source
1.3.4 Global Palatants Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. 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. 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. Palatants – Global Market Analysis
6.1 Global Palatants Market Overview
6.2 Palatants Market Forecast and Analysis
6.3 Market Positioning – Key Market Players
7. Palatants Market Analysis – By Form
7.1 Overview
7.2 Palatants Market, By Form (2021 and 2028)
7.2.1 Dry
7.2.2 Overview
7.2.3 Dry: Palatants Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.4 Liquid
7.2.5 Overview
7.2.6 Liquid: Palatants Market – Revenue and Forecast to 2028 (US$ Mn)
8. Palatants Market Analysis – By Category
8.1 Overview
8.2 Palatants Market, By Category (2021 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Palatants Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Palatants Market – Revenue and Forecast to 2028 (US$ Mn)
9. Palatants Market Analysis – By Source
9.1 Overview
9.2 Palatants Market, By Source (2021 and 2028)
9.3 Plant-Derived Palatants
9.3.1 Overview
9.3.2 Plant-Derived Palatants: Palatants Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Meat-Derived Palatants
9.4.1 Overview
9.4.2 Meat-Derived Palatants: Palatants Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Insect-Derived Palatants
9.5.1 Overview
9.5.2 Insect-Derived Palatants: Palatants Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others: Palatants Market – Revenue and Forecast to 2028 (US$ Mn)
10. Palatants Market – Geographic Analysis
10.1 Overview
10.2 North America: Palatants Market
10.2.1 North America: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Palatants Market, By Form
10.2.3 North America: Palatants Market, by Category
10.2.4 North America: Palatants Market, by Source
10.2.5 North America: Palatants Market, by Key Country
10.2.5.1 US: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Palatants Market, By Form
10.2.5.1.2 US: Palatants Market, by Category
10.2.5.1.3 US: Palatants Market, by Source
10.2.5.2 Canada: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Palatants Market, By Form
10.2.5.2.2 Canada: Palatants Market, by Category
10.2.5.2.3 Canada: Palatants Market, by Source
10.2.5.3 Mexico: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Palatants Market, By Form
10.2.5.3.2 Mexico: Palatants Market, by Category
10.2.5.3.3 Mexico: Palatants Market, by Source
10.3 Europe: Palatants Market
10.3.1 Europe: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Palatants Market, By Form
10.3.3 Europe: Palatants Market, by Category
10.3.4 Europe: Palatants Market, by Source
10.3.5 Europe: Palatants Market, by Key Country
10.3.5.1 Germany: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Palatants Market, By Form
10.3.5.1.2 Germany: Palatants Market, by Category
10.3.5.1.3 Germany: Palatants Market, by Source
10.3.5.2 France: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Palatants Market, By Form
10.3.5.2.2 France: Palatants Market, by Category
10.3.5.2.3 France: Palatants Market, by Source
10.3.5.3 Italy: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Palatants Market, By Form
10.3.5.3.2 Italy: Palatants Market, by Category
10.3.5.3.3 Italy: Palatants Market, by Source
10.3.5.4 UK: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Palatants Market, By Form
10.3.5.4.2 UK: Palatants Market, by Category
10.3.5.4.3 UK: Palatants Market, by Source
10.3.5.5 Russia: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Palatants Market, By Form
10.3.5.5.2 Russia: Palatants Market, by Category
10.3.5.5.3 Russia: Palatants Market, by Source
10.3.5.6 Rest of Europe: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Palatants Market, By Form
10.3.5.6.2 Rest of Europe: Palatants Market, by Category
10.3.5.6.3 Rest of Europe: Palatants Market, by Source
10.4 Asia Pacific: Palatants Market
10.4.1 Asia Pacific: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Palatants Market, by Form
10.4.3 Asia Pacific: Palatants Market, by Category
10.4.4 Asia Pacific: Palatants Market, by Source
10.4.5 Asia Pacific: Palatants Market, by Key Country
10.4.5.1 Australia: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Palatants Market, by Form
10.4.5.1.2 Australia: Palatants Market, by Category
10.4.5.1.3 Australia: Palatants Market, by Source
10.4.5.2 China: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Palatants Market, by Form
10.4.5.2.2 China: Palatants Market, by Category
10.4.5.2.3 China: Palatants Market, by Source
10.4.5.3 India: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Palatants Market, by Form
10.4.5.3.2 India: Palatants Market, by Category
10.4.5.3.3 India: Palatants Market, by Source
10.4.5.4 Japan: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Palatants Market, by Form
10.4.5.4.2 Japan: Palatants Market, by Category
10.4.5.4.3 Japan: Palatants Market, by Source
10.4.5.5 South Korea: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Palatants Market, by Form
10.4.5.5.2 South Korea: Palatants Market, by Category
10.4.5.5.3 South Korea: Palatants Market, by Source
10.4.5.6 Rest of Asia Pacific: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific: Palatants Market, by Form
10.4.5.6.2 Rest of Asia Pacific: Palatants Market, by Category
10.4.5.6.3 Rest of Asia Pacific: Palatants Market, by Source
10.5 Middle East & Africa: Palatants Market
10.5.1 Middle East & Africa: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.5.2 Middle East & Africa: Palatants Market, by Form
10.5.3 Middle East & Africa: Palatants Market, by Category
10.5.4 Middle East & Africa: Palatants Market, by Source
10.5.5 Middle East & Africa: Palatants Market, by Key Country
10.5.5.1 South Africa: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Palatants Market, by Form
10.5.5.1.2 South Africa: Palatants Market, by Category
10.5.5.1.3 South Africa: Palatants Market, by Source
10.5.5.2 Saudi Arabia: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Palatants Market, by Form
10.5.5.2.2 Saudi Arabia: Palatants Market, by Category
10.5.5.2.3 Saudi Arabia: Palatants Market, by Source
10.5.5.3 UAE: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Palatants Market, by Form
10.5.5.3.2 UAE: Palatants Market, by Category
10.5.5.3.3 UAE: Palatants Market, by Source
10.5.5.4 Rest of Middle East & Africa: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of Middle East & Africa: Palatants Market, by Form
10.5.5.4.2 Rest of Middle East & Africa: Palatants Market, by Category
10.5.5.4.3 Rest of Middle East & Africa: Palatants Market, by Source
10.6 South & Central America: Palatants Market
10.6.1 South & Central America: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.6.2 South & Central America: Palatants Market, by Form
10.6.3 South & Central America: Palatants Market, by Category
10.6.4 South & Central America: Palatants Market, by Source
10.6.5 South & Central America: Palatants Market, by Key Country
10.6.5.1 Brazil: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Palatants Market, by Form
10.6.5.1.2 Brazil: Palatants Market, by Category
10.6.5.1.3 Brazil: Palatants Market, by Source
10.6.5.2 Argentina: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Palatants Market, by Form
10.6.5.2.2 Argentina: Palatants Market, by Category
10.6.5.2.3 Argentina: Palatants Market, by Source
10.6.5.3 Rest of South & Central America: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South & Central America: Palatants Market, by Form
10.6.5.3.2 Rest of South & Central America: Palatants Market, by Category
10.6.5.3.3 Rest of South & Central America: Palatants Market, by Source
11. Impact of COVID-19 Pandemic on Palatants Market
11.1 Impact of COVID-19 on Palatants Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Kerry Group Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Archer-Daniels-Midland Co
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 AFB International Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BHJ AS
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Bitek Industries Pty Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Symrise AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Innov Ad NV/SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Kemin Industries Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Ohly GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Trilogy Essential Ingredients Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Palatants Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Global Palatants Market, by Formulation– Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Palatants Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 4. Global Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 8. US Palatants Market, Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. US Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. US Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 23. France Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 24. France Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 25. France Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 28. Italy Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 31. UK Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe Palatants Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia Palatants Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 44. China Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 45. China Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 46. China Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 47. India Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 48. India Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 49. India Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of Asia Pacific Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of Asia Pacific Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of Asia Pacific Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 59. Middle East & Africa Palatants Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 60. Middle East & Africa Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 61. Middle East & Africa Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 62. South Africa Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 65. Saudi Arabia Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 68. UAE Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of Middle East & Africa Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of Middle East & Africa Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of Middle East & Africa Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 74. South & Central America Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 75. South & Central America Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 76. South & Central America Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 77. Brazil Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 78. Brazil Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 80. Argentina Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 81. Argentina Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 83. Rest of South & Central America Palatants Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 84. Rest of South & Central America Palatants Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of South & Central America Palatants Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 86. Glossary of Terms, Global Palatants Market
LIST OF FIGURES
Figure 1. Palatants Market Segmentation
Figure 2. Palatants Market Segmentation – By Region
Figure 3. Global Palatants Market Overview
Figure 4. Dry segment holds the largest share
Figure 5. North America Held Largest Share of Palatants Market in 2021
Figure 6. Global Palatants Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis: Palatants Market
Figure 8. Ecosystem: Palatants Market
Figure 9. Expert Opinion
Figure 10. Number of US Households that Own Pets, By Animal Type
Figure 11. Palatants Market: Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of Palatants Market
Figure 13. Global Palatants Market Forecast and Analysis, 2020–2028 (US$ Mn)
Figure 14. Palatants Market Revenue Share, By Form (2021 and 2028)
Figure 15. Dry: Palatants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Liquid: Palatants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Palatants Market Revenue Share, By Category (2021 and 2028)
Figure 18. Organic: Palatants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Conventional: Palatants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Palatants Market Revenue Share, By Source (2021 and 2028)
Figure 21. Plant-Derived Palatants: Palatants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Meat-Derived Palatants: Palatants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Insect-Derived Palatants: Palatants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Others: Palatants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Global Palatants Market Revenue Share, By Region (2021 and 2028)
Figure 26. North America: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: Palatants Market Revenue Share, By Form (2021 and 2028)
Figure 28. North America: Palatants Market Revenue Share, by Category (2021 and 2028)
Figure 29. North America: Palatants Market Revenue Share, by Source (2021 and 2028)
Figure 30. North America: Palatants Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. US: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Palatants Market Revenue Share, By Form (2021 and 2028)
Figure 36. Europe: Palatants Market Revenue Share, by Category (2021 and 2028)
Figure 37. Europe: Palatants Market Revenue Share, by Source (2021 and 2028)
Figure 38. Europe: Palatants Market Revenue Share, by Key Country (2021 and 2028)
Figure 39. Germany: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. France: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Italy: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. UK: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Russia: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Rest of Europe: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Asia Pacific: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Asia Pacific: Palatants Market Revenue Share, by Form (2021 and 2028)
Figure 47. Asia Pacific: Palatants Market Revenue Share, by Category (2021 and 2028)
Figure 48. Asia Pacific: Palatants Market Revenue Share, by Source (2021 and 2028)
Figure 49. Asia Pacific: Palatants Market Revenue Share, by Key Country (2021 and 2028)
Figure 50. Australia: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. China: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. India: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 53. Japan: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 54. South Korea: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 55. Rest of Asia Pacific: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 56. Middle East & Africa: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Middle East & Africa: Palatants Market Revenue Share, by Form (2021 and 2028)
Figure 58. Middle East & Africa: Palatants Market Revenue Share, by Category (2021 and 2028)
Figure 59. Middle East & Africa: Palatants Market Revenue Share, by Source (2021 and 2028)
Figure 60. Middle East & Africa: Palatants Market Revenue Share, by Key Country (2021 and 2028)
Figure 61. South Africa: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 62. Saudi Arabia: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 63. UAE: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 64. Rest of Middle East & Africa: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. South & Central America: Palatants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. South & Central America: Palatants Market Revenue Share, by Form (2021 and 2028)
Figure 67. South & Central America: Palatants Market Revenue Share, by Category (2021 and 2028)
Figure 68. South & Central America: Palatants Market Revenue Share, by Source (2021 and 2028)
Figure 69. South & Central America: Palatants Market Revenue Share, by Key Country (2021 and 2028)
Figure 70. Brazil: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 71. Argentina: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 72. Rest of South & Central America: Palatants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 73. Impact of COVID-19 Pandemic on North America Palatants Market
Figure 74. Impact of COVID-19 Pandemic on Europe Palatants Market
Figure 75. Impact of COVID-19 Pandemic on Asia Pacific Palatants Market
Figure 76. Impact of COVID-19 Pandemic on the Middle East & Africa Palatants Market
Figure 77. Impact of COVID-19 Pandemic on South & Central America Palatants Market
The List of Companies - Palatants Market
- Kerry Group Plc
- Archer-Daniels Midland Co
- AFB International Inc
- BHJ AS
- Bitek Industries Pty Ltd
- Symrise AG
- Innov Ad NV/SA
- Kemin Industries Inc
- Ohly GmbH
- Trilogy Essential Ingredients Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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