[195 Pages Report] Pet Food Ingredients Market is expected to grow at a high CAGR of 7% during the forecasting period (2023-2030). Pet food ingredients are the products derived from plants and animals, such as meat, cereals, and maize, are used as ingredients in pet food.
These ingredients provide the essential nutrition an animal's body requires to develop and perform as it should. The primary ingredients in pet food are byproducts of meat, poultry, seafood, feed grains, and soybean meal. Animal or plant material intended for consumption by pets is referred to as pet food. It is typically available at pet stores and grocery stores. It is usually for pet animals, such as a dog or cat food. The components present in pet food have been specially created with pets in mind. Pet owners purchase premium food to give them nutrition and diversity in their diets. Proteins, lipids, and carbs are only a few of the elements that are important micronutrients.
Pet food ingredients market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Pet food ingredients market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.
Among all regions, the North American Pet food ingredients market is expected to hold the largest share of the global market over the forecast period. Whereas the European Pet food ingredients market is projected to continue its presence globally during the period of 2022- 2029.
Metrics |
Details |
Market CAGR |
7% |
Segments Covered |
By Ingredient Type, By Source Type, By Pet, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Market Dynamics: Rising number of pet population and owners is driving the growth of the global pet food ingredients market.
The increased rate of pet ownership globally, particularly in emerging regions such as Asia-Pacific, Europe and North America. The market is expanding faster due to the increasing urbanization and pet humanization, which is encouraging pet owners to choose healthy foods for their animals. For instance, according to the HealthforAnimals Association, more than 500 million families in the United States, European Union and China alone have over half a billion dogs and cats. In addition, in U.S., 70 % of households owned a pet as of 2021, compared to 68 percent in 2016.
Furthermore, the growth of the market is most evident in those countries witnessing the expansion of the middle class, which contributes to shifting attitudes and the emergence of a new pet culture based around the increased humanization of pets and increased number of pets kept for companionship alone. For instance, in China, pet ownership increased 113% between 2014 and 2019, and by 2024, experts estimate China will have the most pets in the world. Thus, this adoption boosted the demand for premium pet foods and pet food ingredients. However, a few countries in Asia-Pacific, including China, Malaysia, and Singapore, witnessed increased cases of pet abandonment, which affected the market growth of pet food ingredients in these regions.
In 2021, the vegetable segment had the highest revenue share of more than YY percent. Vegetable ingredients are a significant element in attaining this is eating a well-balanced, high-quality, nutritious diet with health advantages. In addition, pet owners are opting for more natural components in their pet's food that are also sustainably sourced due to the current humanization and clean label trends. Furthermore, vegetables are an excellent source of fiber, minerals, and vitamins. Vitamins offer pets the general energy they need to perform and maintain their skin, coat, and teeth. It also supports the body's defenses against illness. For instance, according to research, vitamin A is mostly found in the liver and is a fat-soluble vitamin. Carotenoids, which are pigments found in plants, algae, and photosynthetic bacteria, can be used by dogs to make vitamin A.
In 2021, North America had the highest revenue share of almost YY percent. The growing trend of pet humanization and adoption in nations like the U.S. and Canada, North America is the top region for the consumption of pet food ingredients. In addition, the shifting family structures and lifestyles, the percentage of Americans who keep pets is steadily rising. For instance, 70% of U.S. households, or about 90.5 million families, own a pet, according to the 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA). For instance, between 2018 and 2020, the number of dogs in Canada increased from 7.6 million to 7.7 million, while the number of cats remained stable. But as of 2020, 8.1 million cats were considered household pets, outnumbering dogs.
The global pet food ingredients market is competitive and comprises players such as Archer Daniels Midland Company, Koninklijke DSM N.V., J.M Smucker, BASF SE, Ingredion Incorporated, Roquette Freres, SunOpta, Darling Ingredients Inc., Cargill Inc. and DowDuPont Inc. among others. The pet food ingredient market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various applications. Moreover, rising research and development activities of product innovation for natural and consumers' preference for natural forms of products are also expected to propel market growth.
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