The Europe pet food ingredients market is a dynamic and rapidly growing sector within the broader pet care industry. This market primarily involves producing and distributing various ingredients used in pet food formulations. These ingredients include proteins, grains, vegetables, vitamins, minerals, and additives that cater to domestic pets' dietary needs and preferences such as dogs and cats. Manufacturers are focusing on developing innovative and nutritionally balanced pet food formulations, catering to specific age groups, health concerns, and dietary preferences of pets.
Access Full Report @ https://www.databridgemarketresearch.com/reports/europe-pet-food-ingredients-market
Data Bridge Market Research analyses that the Europe Pet Food Ingredients Market was valued at USD 35.81 billion in 2021 and is expected to reach USD 63.72 billion by 2029, registering a CAGR of 7.47% during the forecast period of 2022 to 2029. The growing trend of pet ownership in Europe is fueling demand for pet food ingredients. With more people keeping pets as companions, there is a significant increase in the need for high-quality pet food and ingredients, driving the market's growth. This trend reflects a shift toward premium and specialized products to cater to pet owners' preferences and their pets' well-being.
Key Findings of the Study
Specialty diets with tailored ingredients are expected to drive the market's growth rate
The surge in demand for specialized pet diets, including grain-free, organic, and hypoallergenic options, has ignited the expansion of unique ingredients crafted to meet these specific dietary needs. Pet owners seeking optimal nutrition for their furry companions increasingly use these specialized diets. Grain-free options accommodate pets with allergies or sensitivities, while organic diets align with the preference for natural and sustainable ingredients. Hypoallergenic choices cater to pets with food allergies. This trend caters to health-conscious pet owners and propels innovation in the pet food ingredient industry, resulting in an array of tailored solutions.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014-2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Ingredient Type (Meat and Meat Products, Cereals, Vegetable and Fruits, Fats, Additives), Form (Dry, Liquid), Product Type (Original, Blended), Animal (Dog, Cat, Fish, Bird, Rabbit, Others), Source (Animal Based, Plant-Derivatives, Synthetic), Nature (Organic, Inorganic)
|
|
Countries Covered
|
Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
|
|
Market Players Covered
|
ADM (U.S.), DuPont (U.S.), Barentz (Netherlands), The Peterson Company (U.S.), BASF SE (Germany), DSM (Netherlands), Ingredion. (U.S.), Cargill, Incorporated. (U.S.), Kerry Group plc. (Ireland), The Scoular Company (U.S.), Balchem Inc. (U.S.), Roquette Frères (France), Darling Ingredients (U.S.), Omega Protein (U.S.), Tate & Lyle (U.K.), Chr. Hansen Holding A/S (Denmark), American Dehydrated Foods (ADF®) (U.S.), APS Phoenix LLC (U.S.), BIORIGIN APS (U.S.), LaBudde Group Inc. (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The pet food ingredients market is segmented on the basis of ingredient type, form, product type, animal, source, and nature.
- On the basis of ingredient type, the Europe pet food ingredients market is segmented into meat and meat products, cereals, vegetable and fruits, fats, and additives.
- On the basis of form, the Europe pet food ingredients market is segmented into dry, and liquid.
- On the basis of product type, the Europe pet food ingredients market is segmented into original, and blended.
- On the basis of animal, the Europe pet food ingredients market is segmented into dog, cat, fish, bird, rabbit, and others.
- On the basis of source, the Europe pet food ingredients market is segmented into animal based, plant-derivatives, and synthetic.
- On the basis of nature, the Europe pet food ingredients market is segmented into organic, and inorganic.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe pet food ingredients market players in Europe pet food ingredients market are Darling Ingredients (U.S.), Omega Protein (U.S.), Tate & Lyle (U.K.), Chr. Hansen Holding A/S (Denmark), American Dehydrated Foods (ADF®) (U.S.), APS Phoenix LLC (U.S.), BIORIGIN APS (U.S.), LaBudde Group Inc. (U.S.)
Market Developments
- In 2022, BASF SE unveiled ambitious plans to expand its vitamin A formulation plant to bolster animal nutrition. This strategic move is designed to bolster the company's market presence, propelling it into a prominent position among industry leaders. The expansion underscores BASF's commitment to meeting the growing demand for high-quality animal nutrition solutions, positioning the firm to play a key role in enhancing the health and well-being of animals through their specialized formulations.
- In 2022, Cargill introduced an innovative line of by-product meals designed to cater to domestic animals, offering an assortment of animal treats. This range includes wind pipes, bones, ribs, jerkies, and more. This strategic move by Cargill addresses the growing demand for high-quality, specialized pet treats, providing pet owners with diverse options to pamper their furry companions while utilizing by-products in an environmentally responsible manner.
- In 2021, Nestlé Purina PetCare Co. made a substantial investment of USD 182 million to enhance its pet care product manufacturing facility in King William County, Virginia, US. The expansion project, set to be finalized by late 2023, encompasses a 138,000-square-foot addition aimed at boosting manufacturing capacity, specifically for the company's Tidy Cat litter product line. This investment demonstrates Nestlé Purina's commitment to meeting the growing demand for pet care products in the United States.
- In 2021, Mars Inc. introduced a new range of wet cat food under its renowned Whiskas brand, thereby expanding its product offerings in the Indian market. This innovative product line is readily accessible through pet shops, grocery stores, and various e-commerce platforms, providing cat owners in India with a convenient and diverse selection of pet food options to cater to the needs and preferences of their feline companions.
Regional Analysis
Geographically, the countries covered in the Europe pet food ingredients market report are Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
France is the dominant region in Europe pet food ingredients market during the forecast period 2022-2029
France stands as a dominant force in the pet food ingredients market, driven by a surge in pet adoption and escalating demands for pet food and meals within the region. The country's pet-loving culture has contributed to a significant uptick in the pet food industry, making France a leading player in providing diverse and high-quality ingredients for pet nutrition. This trend reflects the nation's growing commitment to catering to the dietary needs of pets, fostering a thriving market for pet food ingredients.
Germany is estimated to be the fastest-growing region in Europe pet food ingredients market for the forecast period 2022-2029
Germany is expected to dominate the pet food ingredients market, driven by the increasing prevalence of manufacturers within the region. As more companies in Germany engage in pet food ingredient production, the market is experiencing a notable upswing. This expansion underscores Germany's emerging significance in catering to the pet food industry's evolving demands and positions the country as a key contributor to the market's development.
For more detailed information about the Europe pet food ingredients market report, click here – https://www.databridgemarketresearch.com/reports/europe-pet-food-ingredients-market
