Fatpos Global has released a report titled “Animal and Pet Nutrition Ingredients Market - Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2031” which is anticipated to reach USD 68.1 billion by 2031. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 6.8% between 2021 and 2031. According to the report, The widespread accessibility of pet food items across a variety of platforms, such as retail stores, supermarkets, and online retailers, will help the market grow even faster. Furthermore, dogs and cats are among the most commonly adopted animals, which is one of the major factors driving market developments. The growing trend of pet parenting is feeding market demand for high-quality and premium foods; as a result, demand for phosphate is rising as it is heavily consolidated in pet food due to its numerous health benefits, including assisting in the healthy skeletal formation, nerve impulse transmission, muscle contraction, and others. The Pet Food Ingredient Market has seen an increase in demand as a result of this.
The market report on the global Animal and Pet Nutrition Ingredients Market includes in-depth insights as:
“As laws have become less stringent, the usage of cannabis in pet food treats has grown in favor. Concentrates, isolates, and synthetic cannabis-based pet food are all available. Anxiety-relieving cannabis-based food products are the most effective at reducing anxiety. CBD is also being considered by pet owners as a possible treatment for pain and allergies. The recent Global Pet Expo in Orlando included a lot of cannabis-based goods. The majority of cannabis-based pet food is sold online (via Amazon). Cannabis-based pet products have been selected as one of 2021's growth opportunities by pet entrepreneurs.”, said a lead analyst at Fatpos Global.
Pet food is a type of plant or animal product, such as meat, that is used to feed pets. Fruits and vegetables, animal products and derivatives, grains and oilseeds, vitamins, and minerals are all included in pet food ingredients. Calcium, fiber, protein, carbs, and other micronutrients abound in pet food ingredients. Grains and vegetables are commonly used, especially in dog food. Each element contributes to the enrichment of the animal's health in some way.
Global Animal and Pet Nutrition Ingredients Market is fragmented by pet into Dog, Cat, and Fish. Dogs are the most commonly adopted pets, and important competitors are concentrating their efforts on providing pet food for them in order to capture a significant portion of the pet food ingredients market. The United States has the biggest number of registered pet dogs, believed to be around 73 million. Because pet dogs are not required to be registered in Asia, population statistics are questionable. Pet dogs, on the other hand, are projected to number roughly 110 million in China and 32 million in India.
Key Players in the Market
Some of the key players operating in the global Animal and Pet Nutrition Ingredients Market are DuPont Nutrition & Health, FoodSafe Technologies, Diana Pet Food, AFB International, Lallemand, Inc., American Dehydrated Foods, Inc., Kemin Industries, and Other Prominent Players
Get Valuable Insights into Global Animal and Pet Nutrition Ingredients Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global Animal and Pet Nutrition Ingredients Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market by source into Animal-based, Plant-based, Synthetic, by pet into Dog, Cat, and Fish. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East, and Africa.
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