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Latin America Animal Feed Additives Market Application, Forecast to 2027

Vitamins product segment surpassed USD 425 million in 2020 and is estimated to record a CAGR of above 5% in the forecast period.

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Latin America Animal Feed Additives Market Application, Forecast to 2027

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  1. Latin America Animal Feed Additives Market Size to Cross USD 1.20 Bn by 2027 Global Market Insights Inc.

  2. Overview of Latin America Animal Feed Additives Market • The Latin America animal feed additives market is projected to grow substantially by 2027 owing to surging focus on the sustainability of poultry and livestock production. In addition, growing consumer demand for cleaner food is set to further bolster industry expansion over the forecast timeline. • Following the COVID-19 outbreak, Latin America has witnessed a favorable shift in consumption behavior because of rising health and climate consciousness. Moreover, increasing importance of healthy, fresh, and high-quality food among consumers during the COVID-19 outbreak has also fostered product outlook during the pandemic. • The Latin America animal feed additives market has been segmented on the basis of product, livestock, and country. Based on product, the Latin America animal feed additives market has been divided into antioxidant, pigments, enzymes, flavors, sweeteners, probiotics, vitamins, amino acids, and acidifiers. Global Market Insights Inc.

  3. Continue… • The Latin America animal feed additives market has been categorized into natural and synthetic. The natural segment is expected to expand at a CAGR of nearly 5.5% over the forecast timeframe. The synthetic segment is likely to register significant growth at about 5.0% CAGR through the assessment timespan. • The Latin America animal feed additives market has been divided into natural (stevia and thaumatin) and synthetic (neotame and saccharine). The natural sweeteners market is slated to register a CAGR of approximately 4.4% through the study period. The stevia natural sweeteners segment is set to witness notable growth by 2027, registering a CAGR of over 5.6% over the analysis period. The thaumatin natural sweeteners segment is likely to grow at more than 4.3% CAGR through the forecast period. • The synthetic sweeteners market is like to progress at a CAGR of approximately 4.4% over the review timeline. The neotame synthetic sweeteners segment is expected to grow at a CAGR of over 4.4% through the forecast period The saccharine synthetic sweeteners segment is likely to observe substantial growth by 2027, registering a CAGR of above 4.5% over the analysis timeline. • The Bifidobacterium segment is likely to register a CAGR of more than 5.6% through the study timeframe. The Streptococcus segment is estimated to grow at approximately 5.9% CAGR over the forecast period. The others probiotics segment is anticipated to register a CAGR of over 6.1% through the projected time period. Global Market Insights Inc.

  4. Continue… • The Latin America animal feed additives market has been segregated into tryptophan, lysin, methionine, threonine, and others. The tryptophan segment is expected to grow at a CAGR of over 7.0% through the review timeline. The lysin segment is estimated to see steady development at a CAGR of approximately 5.5% over the analysis period. • The methionine segment is slated to grow at a CAGR of over 6.4% through the study period. The threonine segment is anticipated to expand at about 5.4% CAGR over the forecast period. The others segment share is speculated to grow at a CAGR of approximately 5.0% through the analysis timeframe. • Notable participants in the Latin America Animal Feed Additives market includeADM, DSM, BASF SE, Alltech Inc., Evonik Industries AG, Kemin Industries, Cargill Incorporated, and Dupont Global Market Insights Inc.

  5. Browse Full Research Report On Latin America Animal Feed Additives Market@ https://bit.ly/3O7rfI7 Request for a sample of this research report @ https://bit.ly/3O8eoW8 Global Market Insights Inc.

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