Pet Food Ingredients Market to Reach USD 1.2 Billion by 2030, Growing at 4.8% CAGR

 

 

Pet Food Ingredients Market Overview

Pets require essential nutrients such as proteins, vitamins, and minerals to stay strong and healthy. Concern for a healthier lifestyle, fewer digestive disorders, high energy level, healthy weight, and longer lifespan in pets are few of the key drivers boosting the growth of pet food ingredients market. The ingredients used in pet food are available in raw form, and the further processing is done by the pet food processors. Pet Food Ingredients Market Size Anticipated to Reach at a USD 1.2 billion by 2030, with CAGR of 4.8% by 2021 to 2030.

The global pet food ingredients market is anticipated to reach a USD 1.2 billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030.

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The key factors driving the growth of the market include:

 

v Increasing pet ownership

v Growing awareness of the importance of pet nutrition

v Rising demand for premium pet food products

v Growing popularity of functional pet foods

The pet food ingredients market is segmented by type into:

Animal derivatives: This segment includes meat, poultry, fish, and eggs. Animal derivatives are the largest segment of the market, accounting for over 50% of the market share in 2023.

Plant derivatives: This segment includes grains, cereals, vegetables, and fruits. Plant derivatives are the second-largest segment of the market, accounting for over 30% of the market share in 2023.

Additives: This segment includes vitamins, minerals, antioxidants, and preservatives. Additives are used to improve the nutritional value and shelf life of pet food products.

The pet food ingredients market is also segmented by application into:

Dogs: The dog segment is the largest segment of the market, accounting for over 60% of the market share in 2023. This is due to the fact that dogs are the most popular pet in the world.

Cats: The cat segment is the second-largest segment of the market, accounting for over 20% of the market share in 2023. This is due to the fact that cats are the second most popular pet in the world.

Other pets: This segment includes fish, birds, and other small animals.

The pet food ingredients market is expected to grow significantly in the coming years. The key factors driving the growth of the market include the increasing pet ownership, the growing awareness of the importance of pet nutrition, and the rising demand for premium pet food products.

The Pet food ingredients market Size has been segmented by ingredients into meat & meat products, cereals, vegetables, fats, and additives. Meat & meat products segment generate the most revenue in the market owing to the enhanced palatability and acceptability of meat-based pet food. Meat is a good source of glucosamine, chondroitin, vitamins, and protein, among others, that help in brain development, bone health, and immune system of pets.

Pet food ingredients market is segmented by pet into dog, cat, fish, and others. The dog segment is generating the maximum revenue in the market, owing to the rising adoption of different breeds of dogs worldwide. Dogs need extra nutritional values than other pets in terms of health and performance thereby boosting the growth of dog food ingredients market.

The market, by source, is segmented into animal based, plant based, and synthetic. The animal-based source segment is the most dominating segment in the market since animals sourced pet food are an excellent source of proteins and other nutrients essential for a pet diet.

In terms of form, pet food ingredients market is segmented into dry and liquid, where dry ingredients market dominates the market. Dry pet food ingredients have more nutrition content, and its low moisture level offers longer shelf life than liquid form, thereby driving the market for dry pet food ingredients market outlook.

Regional Analysis

Geographically, North America is witnessed to hold the maximum share in the global pet food ingredients market owing to the rising demand for healthier pet diet. With increasing pet humanization, health concern among pet owners for pets have also increased in this region. Europe contributes a healthy revenue share towards global pet food ingredients market owing to the rising pet adoption. Majority of the households in this region own at least one pet and consider every possible measure to take care of these pets.

Asia-Pacific is expected to be the fastest growing market for pet food ingredients owing to the increasing adoption of pets that mainly include cats. Pet Fair Asia is the largest annual trade show of animal supplies and aquariums in Asia. Such exhibitions boost the demand for pet food ingredients in the region.

Segmentation

The global pet food ingredients market has been segmented into ingredient, pet, form, source, and region.

The market based on ingredient has been segmented into meat & meat products, cereals, vegetables, fats, and additives.

The market, by pet, has been segmented into dog, cat, fish, and others.

The market, by form, has been segmented into dry ingredients and liquid ingredients.

The market, by source, has been segmented into plant based, animal based, and synthetic.

Key Players

Some of the key players in the global pet food ingredients market are Archer Daniels Midland Co. (US), DSM N.V. (The Netherlands), Cargill, Inc. (US), BASF SE (Germany), Ingredion, Inc. (US), Roquette Frères (France), SunOpta (Canada), DowDuPont, Inc. (US), Omega Protein Corp. (US), and John Pointon & Sons Ltd. (UK).

Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Pet Food Ingredients Market Report:  https://www.marketresearchfuture.com/reports/pet-food-ingredients-market-6455

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis about diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

 

 

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