Global Pet Food Ingredients Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Pet food ingredients play a crucial role in enhancing the nutritional value of pet food products, ensuring that pet animals receive the necessary proteins, carbohydrates, fats, vitamins, minerals, and water to meet their dietary requirements. These ingredients are used in a variety of pet food products catering to different animals, including dogs, cats, fish, rabbits, birds, and horses.
The pet food ingredient market is experiencing notable growth due to the growing awareness among pet owners about the importance of pet nutrition. Pet owners are increasingly conscious of providing their pets with high-quality and nutritionally balanced food, which has led to a surge in demand for premium pet food ingredients. Additionally, the rising trend of pet humanization, where pets are considered part of the family, has further contributed to increased spending on pet food ingredients that promote health and well-being. The pet food industry has experienced significant shifts in consumer preferences, with a growing focus on organic and premium products. According to industry expert, U.S. pet food manufacturers utilize approximately 8.65 million tons of animal- and plant-based ingredients to produce dog and cat food that provides complete nutrition for pets. The estimated value of these ingredients amounts to USD 6.9 billion.
These ingredients play a crucial role in formulating pet food products that meet the specific nutritional needs of dogs and cats. They encompass a wide range of animal-based and plant-based sources, including proteins, carbohydrates, fats, vitamins, minerals, and other essential nutrients. Through careful selection and formulation, pet food manufacturers ensure that these ingredients come together to create balanced and nutritionally complete diets for pets.
The key regions considered for the Global Pet Food Ingredients Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is a significant market for pet food ingredients, driven by a high pet ownership rate and the increasing demand for premium and organic pet food products. The United States holds a dominant position in the market due to a large pet population and a growing focus on pet health and nutrition. The Asia Pacific region is witnessing rapid growth in the pet food ingredients market, driven by increasing pet ownership, urbanization, and rising disposable incomes. Countries such as China, Japan, and India are major contributors to the market. The growing awareness of pet health and nutrition, along with the demand for premium pet food, fuels the market’s expansion in this region.
Major market player included in this report are:
BASF SE (Germany)
Darling Ingredients Inc. (US)
Omega Protein Corporation (US)
Kemin Industries Inc. (US)
Chr. Hansen Holding A/S (Denmark)
Roquette Frères (France)
Recent Developments in the Market:
Ø In July 2022, BASF SE, a leading company based in Germany, unveiled its plans to expand its vitamin A formulation plant specifically catering to animal nutrition. The aim of this strategic initiative was to strengthen and solidify BASF’s market position as a prominent leader in the industry.
Ø In June 2022, DSM, a renowned company based in the Netherlands, completed the acquisition of Prodap, a prominent animal nutrition technology company based in Brazil. The strategic acquisition aimed to bolster DSM’s research and development (R&D) capabilities and technological expertise within the animal nutrition industry.
Ø In May 2022, Darling Ingredients Inc., a prominent US-based company, successfully finalized its acquisition of Valley Proteins, a leading producer of animal-based fats and by-product meals also based in the US. This strategic move aimed to bolster Darling Ingredients’ product portfolio and enhance its ability to effectively meet the growing demand in the industry.
Global Pet Food Ingredients Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Ingredient, Source, Pet, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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:
Meat & meat products
Vegetables & fruits
Middle East & Africa
Rest of Middle East & Africa