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Global Functional Pet Food Market to reach USD 3.6 billion by 2027

Global Functional Pet Food Market to reach USD 3.6 billion by 2027

Product Code: OIRAL-25384539
Publish Date: 11-07-2021
Page: 200

The market is anticipated to grow with a healthy growth rate of more than 8.5 % over the forecast period 2021-2027. Functional pet foods are specialty feed formulations supplemented with natural ingredients that are targeted to provide health benefits for pet. Prebiotics, probiotics omega-3 fatty acids, enzymes and nucleotides are the key important ingredients playing a role in pet animals’ health care. Dental health, weight management digestive health, and immune system boosting are key operational areas of interest for pet owners. Functional pet foods also help in disease prevention and treatment for dogs and cats. Development of personalized and customized functional ingredients is expected to fuel the Functional Pet Food Market .For instance, PetCo’s veterinary diet assist to enhance dogs and cats’ immune systems and promotes healthy fur.Moreover several key players are taking strategic initiatives to expand their presence in the market for instance, in October 2020, Nestlé Purina PetCar invested an estimated USD 450 million to open a new factory in Eden, North Carolina, aimed to meet increasing demand for its nutritious pet foods. Similarly, in May 2021, Scoular launched barley-based protein source for aquaculture and pet food. However, lack of proper regulatory environment may impede market growth over the forecast period of 2021-2027. Whereas, trend of functional dog food is expected to create lucrative growth prospects in the market over the forecast period.

The regional analysis of the global Functional Pet Food Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Europe has gained great momentum in the functional pet food market and is likely to develop at a significant CAGR over the forecast period. Significant increases in pet ownership in European countries such as Russia, Germany, Spain, and Italy, as well as an increase in pet owners’ spending power, are some of the primary drivers of the functional pet food market growth in Europe.
Major market player included in this report are:
DAR PRO Ingredients
Kerry Group
Archer-Daniels-Midland Company
The Scoular Company
Roquette Freres
Isonova Technologies LLC
PDM Group (Prosper De Mulder Ltd)
Nestle Purina PetCare Company
Petcurean Pet Nutrition USA Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Pet:
By Source :
By Application :
Bone health
Brain health
Heart health
By Distribution Channel:
Pet Stores
Veterinary Clinics
Online stores
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018-19
Base year – 2019-2020
Forecast period – 2021 to 2027.

Target Audience of the Global Functional Pet Food Market Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Functional Pet Food Market, by Region, 2019-2027 (USD Billion)
1.2.2. Functional Pet Food Market, by Pet, 2019-2027 (USD Billion)
1.2.3. Functional Pet Food Market, by Source , 2019-2027 (USD Billion)
1.2.4. Functional Pet Food Market, by Application, 2019-2027 (USD Billion)

1.2.5. Functional Pet Food Market, by Distribution Channel , 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Functional Pet Food Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Functional Pet Food Market Dynamics
3.1. Functional Pet Food Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Development of customized and personalized functional ingredients High consumer spending on pet health
3.1.2. Market Restraint Lack of proper regulatory environment
3.1.3. Market Opportunities Covid19 repercussions
Chapter 4. Global Functional Pet Food Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Functional Pet Food Market, by Pet
5.1. Market Snapshot
5.2. Global Functional Pet Food Market by Type , Performance – Potential Analysis
5.3. Global Functional Pet Food Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Functional Pet Food Market, Sub Segment Analysis
5.4.1. Dog
5.4.2. Cat
5.4.3. Others
Chapter 6. Global Functional Pet Food Market, Source
6.1. Market Snapshot
6.2. Global Functional Pet Food Market by source, Performance – Potential Analysis
6.3. Global Functional Pet Food Market Estimates & Forecasts by source 2018-2027 (USD Billion)
6.4. Functional Pet Food Market, Sub Segment Analysis
6.4.1. Organic
6.4.2. Conventional

Chapter 7. Global Functional Pet Food Market, by application
7.1. Market Snapshot
7.2. Global Functional Pet Food Market by application, Performance – Potential Analysis
7.3. Global Functional Pet Food Market Estimates & Forecasts application 2018-2027 (USD Billion)
7.4. Functional Pet Food Market, Sub Segment Analysis
7.4.1. Bone health
7.4.2. Brain health
7.4.3. Obesity
7.4.4. Heart health
7.4.5. Other

Chapter 8. Global Functional Pet Food Market, by Distribution Channel
8.1. Market Snapshot
8.2. Global Functional Pet Food Market by Distribution Channels, Performance – Potential Analysis
8.3. Global Functional Pet Food Market Estimates & Forecasts by Distribution Channels 2018-2027 (USD Billion)
8.4. Functional Pet Food Market, Sub Segment Analysis
8.4.1. Pet Stores
8.4.2. Pharmacies
8.4.3. Veterinary Clinics
8.4.4. Online stores
8.4.5. Others

Chapter 9. Global Functional Pet Food Market, Regional Analysis
9.1. Functional Pet Food Market , Regional Market Snapshot
9.2. North America Functional Pet Food Market
9.2.1. U.S. Functional Pet Food Market Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 End use breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Functional Pet Food Market
9.3. Europe Functional Pet Food Market Snapshot
9.3.1. U.K. Functional Pet Food Market
9.3.2. Germany Functional Pet Food Market
9.3.3. France Functional Pet Food Market
9.3.4. Spain Functional Pet Food Market
9.3.5. Italy Functional Pet Food Market
9.3.6. Rest of Europe Functional Pet Food Market
9.4. Asia-Pacific Functional Pet Food Market Snapshot
9.4.1. China Functional Pet Food Market
9.4.2. India Functional Pet Food Market
9.4.3. Japan Functional Pet Food Market
9.4.4. Australia Functional Pet Food Market
9.4.5. South Korea Functional Pet Food Market
9.4.6. Rest of Asia Pacific Functional Pet Food Market
9.5. Latin America Functional Pet Food Market Snapshot
9.5.1. Brazil Functional Pet Food Market
9.5.2. Mexico Functional Pet Food Market
9.6. Rest of The World Functional Pet Food Market
Chapter 10. ComFunctional Petitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. DAR PRO Ingredients Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Kerry Group
10.2.3. Archer-Daniels-Midland Company
10.2.4. The Scoular Company
10.2.5. Roquette Freres
10.2.6. Isonova Technologies LLC
10.2.7. PDM Group (Prosper De Mulder Ltd)
10.2.8. Nestle Purina PetCare Company
10.2.9. Bacterfield
10.2.10. Petcurean Pet Nutrition USA Inc.

Chapter 11. Research Application
11.1. Research Application
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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