Pet Food Ingredients Market Size, Share & Forecast

Pet Food Ingredients Market Size, Share & Forecast

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Pet Food Ingredients Market

Pet Food Ingredients Market was valued at USD 36 Billion in 2018 and is projected to grow at a CAGR of 6% during the forecast period (2019-2026).

The factors driving the growth of Pet Food Ingredients Market includes growing pet adoption rates, increasing disposable income, rising demand for premium and organic or natural pet food that guarantees adequate nutritional values. As per the report published by Humane Society of the United States, nearly 3.2 million cats and dogs are adopted from shelters every year. The increasing consumers demand for vegan pet food products and easy accessibility to pet food products via retail stores, hypermarkets, and e-commerce platforms such as Amazon and Flipkart, are some of the factors augmenting the growth of Global Pet Food Ingredients Market. The growing focus on developing new pet food products by the major players and emerging trend of humanization of the pets are further propelling the Pet Food Ingredients Market size, for example Nestle Purina launched its new pet food product which ensures required plant-based protein.

However, the growth of Pet Food Ingredients market is hindered due to strict regulations regarding quality inspection and inadequate knowledge about premium pet food products amongst consumers.

The prominent players operating in the market are BASF SE, Darling Ingredients Inc., The Scolular Company, Kemin Industries Inc., Omega Protein, Chr. Hansen Holding A/S, Lallemand, Nutreco, Saria A/S GmbH & Co. KG, Cargill, Inc., Ingredion Incorporated, Roquette Frères, SunOpta and ADM among others.

Form: Segment Analysis

Based on Ingredient the Meat & Meat product segment is estimated to grow at a faster CAGR over the forecast period due to increasing demand for high protein pet food, growing emphasis on food quality and it is cost-effective as compared to others.

Pet: Segment Analysis

Based on Pet, the Dog food ingredient segment is expected to dominate the market over the forecast period. The increasing awareness about commercial dog food products and growing adoption rate of dogs in the last few decades, have supplemented the growth of the segment, as per Statista, the number of registered pet dogs in Sweden crossed 1 million, during 2021.

Sources: Segment Analysis  

Based on Sources, the Animal derivatives segment is anticipated to capture the largest market share during the forecast period because it offers excellent source of protein, increases the palatability of the product, and enhances the digestion process of cats and dogs.

Region: Segment Analysis

Based on the region, Rest of the World region including Brazil and Argentina are expected to grow at a faster market share over the forecast period due to changing demographics, increasing disposable incomes and rising demand for pet food products in the region.

Market Segmentation:

Global Pet Food Ingredients Market by Form

·         Dry Pet Food Ingredient

·         Wet Pet Food Ingredient

Global Pet Food Ingredients Market by Ingredient

·         Meat & Meat Products

·         Deboned Meat

·         Meat Meal

·         By-Product Meal

·         Animal Digest

·         Cereals

·         Corn & Cornmeal

·         Wheat & Wheat meal

·         Barley

·         Rice

·         Fruits

·         Vegetables

·         Potatoes

·         Carrots

·         Soybean & Soybean Meal

·         Fats

·         Fish Oil

·         Tallow

·         Lard

·         Poultry Fat

·         Vegetable Oil

·         Additives

·         Vitamins & Minerals

·         Enzymes

·         Other Additives

Global Pet Food Ingredients Market by Pet

·         Dog

·         Cat

·         Fish

·         Others

Global Pet Food Ingredients Market by Source

·         Animal Derivatives

·         Plant Derivatives

·         Synthetic

·         Others

Global Pet Food Ingredients Market by Region

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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jogati9374 January 12th, 2023

Many people share information on pet food ingedients but this is amazing. It also had an answer to Can Cats Eat Worms? I am looking forward to it's answer.

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