Europe Pet Food Ingredients Market, By 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) – Industry Trends and Forecast to 2029.
Europe Pet Food Ingredients Market Analysis and Size
The increased rates of domestication by households and food manufacturers will propel the growth of the market. According to the European Pet Food Federation (FEDIAF), there are approximately 110 million cats and 90 million dogs domesticated by the households in 2020. The rapid pace of changes in societal trends and lifestyle can be linked to the rising number of pet ownerships. The rising food safety initiatives have also led to an increase in demands for the initiation of safe ingredients in pet meals.
Data Bridge Market Research analyses that the 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. 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.
Europe Pet Food Ingredients Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 - 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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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.)
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Market Opportunities
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Market Definition
The pet food ingredients are included in pet meals to enhance the nutritional content and enable pets to meet their daily dietary requirements. They support the growth of the animals, provide a rich source of vitamins and minerals and enhance the safety parameters to ensure safe quality content.
Pet Food Ingredients Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising pet population and expenditure
The increasing pet population and expenditure within the region. The growth has been registered by increasing expenditure by pet owners. For instance, according to APPA, pet expenditures raised form USD 53.3 billion in 2012 to USD 123.6 billion. Thus, the rise in pet food expenditure and the rising domestication of animals within the region and across the globe are the factors driving the growth of the market over the forecasted period.
- Shifting lifestyle and trends
The rising urbanization and increasing disposable income will drive the market's growth. Also, increasing infrastructure investments and growing use of enhanced contents to deliver rich quality content of the pet meals enhanced the growth rate of pet food ingredients market. Moreover, the growing health consciousness for pets among the owners is also a factor boosting the market’s growth. Additionally, the rising innovations in the direct choices within Europe is also the factor driving the growth of the market over the forecasted period.
Opportunities
- Increase in regulations and standardisations
The surging number of regulations and standardizations will boost new market opportunities for the market’s growth rate. For instance, the Federal Food, Drug and Cosmetic Act of 1938 states that (FFDCA), animal food needs to be safe and effective with enhanced vitamin and mineral-rich quality content and also to be manufactured in sanitary conditions. The Food Safety Modernisation Act (FSMA) introduced guidelines related to the certification, sterilization and labeling of the food products. Moreover, rise in strategic collaborations and emerging new markets will act as drivers and further boost beneficial opportunities for the market’s growth rate.
Restraints/ Challenges
- Lack of standardized procedures
Regulations related to safe delivery of nutritional content to animals like these could greatly impact the long-term supply, cost, and sales of pet meals. The lack of a standardized structure can affect product sales in a particular region. These factors are projected to represent a threat to market growth throughout the forecast period.
- High capital costs and investments
Increased capital investments for production and manufacturing will hinder the market’s growth rate. The high cost of equipment indulged in production and manufacturing is also a most significant factor that will act as market restraint and further challenge the market growth rate.
This pet food ingredients market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pet food ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Pet Food Ingredients Market
The COVID-19 pandemic severely impacted the pet food supply chain in Europe. The pandemic affected the region due to disruption in production, processing and supply chains. The decreased investment rate also affected the market. However, the rising demands of pet food were observed amongst European pet food consumers. For instance, in 2020, Zooplus, Germany, the sales reported a percentage of 21% rise compared to 2019, due to increased demands from existing customers and stable inflow of new customers. The market will expand, due to the upliftment of the restrictions and rise in the demands of pet food within the region ad across the globe.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent developments
- In 2022, BASF SE announced plans to expand its vitamin A formulation plant for enhancing animal nutrition. With this expansion, the firm intends to increase its market position among leading players.
- In 2022, Cargill launched a new range of by-product meals that specifically caters to domestic animals with animal treats such as wind pipes, bones, ribs, jerkies and others.
Europe Pet Food Ingredients Market Scope
The pet food ingredients market is segmented on the basis of ingredient type, form, product type, animal, source and nature. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Ingredient Type
- Meat and Meat Products
- Deboned Meat
- Meat Meal
- By-Product Meal
- Animal Digest
- Cereals
- Corn and Corn Meal
- Wheat and Wheat Meal
- Barley
- Rice
- Vegetable and Fruits
- Fruits
- Potato
- Carrots
- Soy and Soymeal
- Pea
- Fats
- Fish Oil
- Lard
- Tallow
- Vegetable Oil
- Poultry Fat
- Additives
- Vitamins and Minerals
- Enzymes
- Other Additives
Form
- Dry
- Liquid
Product Type
- Original
- Blended
Animal
- Dog
- Cat
- Fish
- Bird
- Rabbit
- Others
Source
- Animal Based
- Plant-Derivatives
- Synthetic
Nature
- Organic
- Inorganic
Pet Food Ingredients Market Regional Analysis/Insights
The pet food ingredients market is analyzed and market size insights and trends are provided by ingredient type, form, product type, animal, source and nature as referenced above.
The countries covered in the pet food ingredients market report are Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
France dominates the pet food ingredients market due to the rising adoption of pets along with the rising demands of the pet food/meals within the region.
Germany is expected to grow from 2022 to 2029 due to the rising prevalence of the regions' manufacturers.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pet Food Ingredients Market Share Analysis
The pet food ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pet food ingredients market.
Some of the major players operating in the pet food ingredients market are:
- 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.)
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