Pet Food Ingredients Market

Pet Food Ingredients Market Size

[170+ Pages Research Report] to surpass USD 56.8 billion by 2032 from USD 29.85 billion in 2021 at a CAGR of 6.0%  throughout the forecast period 2022-32

Pet Food Ingredients comprise poultry, by-products from meat, and fish, as well as feed grains and soybean meal. The addition of animal parts and cereal grains enhances product uniformity and lowers the cost of raw materials. The ingredients are combined in a blender. To achieve the weight specified on the label, the empty containers are cleaned and precisely filled. The lids, if used, are placed on containers to seal them. To eliminate any living organisms that might be present in sealed containers, the containers are roasted for the necessary amount of time and at a certain temperature and could otherwise harm the pets. The finished wet products are produced once the labels are pasted on the containers.

Market Highlights

The Pet Food Ingredients Market is expected to project a notable CAGR of 6.0% in 2032.

Pet Food Ingredients Market to surpass USD 56.8 billion by 2032 from USD 29.85 billion in 2021 at a CAGR of 6.0% in the coming years, i.e., 2022-32. Pet food components improve the nutritional profile, provide a number of health advantages for supporting immunity and digestive health in companion animals, and improve the palatability of the products, resulting in higher feed consumption. Hence, they are highly demanded in the pet food sector. The Pet Food Ingredients Market is growing due to elements like rising pet adoption rates and technological developments.

Figure - Market Analysis of Pet Food Ingredients Market 

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Pet Food Ingredients Market: Segments

The Vegetables & Fruits segment is expected to grow with a higher CAGR during 2022-32

Pet Food Ingredients Market is categorized on the basis of Ingredient into Meat & Meat Products, Cereals, Vegetables & Fruits, Fats, and Additives. The Vegetables & Fruits segment is the leading one among others in the Pet Food Ingredients Market. Dietary fiber, which is abundant in fruits and vegetables, helps maintain the digestive health of companion animals. Due to increased demand for ingredients produced from plants, the veganism trend is also aiding the segment growth.

The Dogs segment is expected to grow with a higher CAGR during 2022-32

Pet Food Ingredients Market is categorized on the basis of Pets into Dogs, Cats, Fish, and Other Pets. The Dogs segment is anticipated to hold the maximum market share over the forecast period. Dogs are the most widely adopted pets in the world, having a good adoption rate. For the overall nutritional requirements of dogs, a wide range of pet food ingredients are made up of materials derived from animals and plants. A lot of pet food additives like flavors and colors are also used to increase the palatability and feed intake of dog food products and this is ultimately fueling the segment growth.

Figure - Market Analysis of Global Pet Food Ingredients Market

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Market Dynamics

Growth Drivers

The Growing Awareness of Nutritional Benefits and Manufacturers offering Multiple Products

The growth of the Pet Food Ingredients Market is primarily influenced by the rising awareness of the nutritional advantages of minerals, carotenoids, dietary fiber, and omega-3 fatty acids in pet nutrition. Many pet food producers now provide a variety of items with a number of options that are designed to fulfill a variety of needs. Customers can select items based on a range of criteria, including breeds, pricing ranges, life phases, medical problems, and preferred ingredient profiles. Therefore, the Pet Food Ingredients Market is projected to grow as a result of these changing dynamics.

Increasing Adoption of Pets Worldwide and Rising Demand for Pet Food

Pet adoption is rising globally due to the increasing demand for pet food, which is a major driver of the Pet Food Ingredients Market. The market is also driven by the widespread adoption of pets and a rising demand for pet food. Their social unit disbursal has finally multiplied due to higher spending on those of lower socioeconomic status. The Pet Food Ingredients Market is being driven by the growing trend of having pets as family members and the growing awareness of the health needs of pets.

Restraint

Higher Number of Individuals Suffering from Pet-Related Allergies

Many people avoid owning dogs due to allergies related to animals. This factor can prevent the pet food industry from growing. Numerous indoor allergens like animal dander, mold, dust mite excrement, and cockroaches are common, which is why millions of individuals experience seasonal allergies and illnesses. Many pet owners who have allergies to cats and dogs suffer from asthma.

Recent Developments

• Royal DSM bought Prodap in September 2022, which will use the power of digital technologies to work on accuracy and customization, strengthening the knowledge of animal nutrition.
• In October 2021, the superior plant-based pet food ingredient making facility in Alberta, Bowden, was bought by Global Food and Ingredients Inc.
• The natural, one-ingredient chompery dog treat brand was introduced by Cargill in February 2021. It is of butcher-quality and is simple to digest. There are ribs, bones, windpipes, and jerky in the product lineup.

Pet Food Ingredients Market: Key Players

• Cargill Incorporated

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• ADM Animal Nutrition
• DuPont Nutrition & Biosciences
• Lallemand Inc.
• Chr. Hansen
• Roquette Frères.
• Kemin Industries Inc.
• Darling Ingredients Inc.
• Kemin Industries
• The Scoular Company
• Daka Denmark A/S
• AFB International
• Diana Pet Food
• American Dehydrated Foods Inc.
• FoodSafe Technologies
• Other Prominent Players

Pet Food Ingredients Market: Regions

Pet Food Ingredients Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific is anticipated to have faster growth throughout the forecast period due to the significant pet population, high adoption rates, and expanding knowledge of pet nutrition and health.

North America is also leading the pet food ingredients market due to its well-established pet food business and high ownership rates of cats, dogs, horses, etc. Given the abundance of dogs, cats, and fish, the nation is predicted to command a sizable portion of the market.

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Impact of Covid-19 on Pet Food Ingredients Market

The Pet Food Ingredients Market was negatively impacted by the COVID-19 outbreak. The supply of ingredients needed to create pet food has been disrupted by the economic recession and insignificant operations, which has ultimately decreased pet food sales. Production in the market was also impeded by a labor shortage and movement restrictions brought on by severe government regulations.

Pet Food Ingredients Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and, Rest of MENA

Pet Food Ingredients Market report also contains analysis on:

Pet Food Ingredients Market Segments:

• By Ingredient 
  • Meat & Meat Products
  • Cereals
  • Vegetables & Fruits
  • Fats
  • Additives
• By Form 
  • Dry
  • Wet
• By Source 
  • Animal-Based
  • Plant Derivatives
  • Synthetic
• By Pets
  • Dogs
  • Cats
  • Fish
  • Other Pets 
• Pet Food Ingredients Market Dynamics
• Pet Food Ingredients Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Pet Food Ingredients Market Report Scope and Segmentation

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