Global Pet Food Ingredients Market, By Source (Animal Derivatives, Plant Derivatives, Synthetic Derivatives), Ingredient (Specialty Protein, Amino Acid, Mold Inhibitors, Gut Health Ingredients, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors and Sweeteners, Antimicrobials and Antibiotics, Minerals, Antioxidants), Animal (Dog, Cat, Bird, Fish, Others), Form (Dry Pet Food, Wet Pet Food, Mixture), Product Type (Treats and Chews, and Others), Distribution Channel (Online, Offline) – Industry Trends and Forecast to 2031.
Pet Food Ingredients Market Analysis and Size
Pet food ingredients market find application in formulating balanced and nutritious diets for companion animals, including dogs, cats, and others. These ingredients, such as proteins, grains, vitamins, and minerals, contribute to the overall health, energy levels, and well-being of pets, meeting their dietary requirements and preferences.
Data Bridge Market Research analyses that the global pet food ingredients market, which was USD 34.56 billion in 2023, is expected to reach USD 54.66 billion by 2031, at a CAGR of 5.9% during the forecast period 2024 to 2031. 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 depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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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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Source (Animal Derivatives, Plant Derivatives, Synthetic Derivatives), Ingredient (Specialty Protein, Amino Acid, Mold Inhibitors, Gut Health Ingredients, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors and Sweeteners, Antimicrobials and Antibiotics, Minerals, Antioxidants), Animal (Dog, Cat, Bird, Fish, Others), Form (Dry Pet Food, Wet Pet Food, Mixture), Product Type (Treats and Chews, and Others), Distribution Channel (Online, Offline)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cargill, Incorporated (U.S.), ADM (U.S.), BASF SE (Germany), Adisseo (China), Darling Ingredients Inc. (U.S.), Omega Protein Corporation (U.S.), DuPont (U.S.), Chr. Hansen Holding A/S (Denmark), Roquette Frères (France), SunOpta (Canada), Lallemand Inc. (Canada), Lesaffre (France), Daka Denmark A/S (Denmark), Nutreco (Netherlands), The Scoular Company (U.S.), Kemin Industries, Inc. (U.S.), Pointon Partners Lawyers (Australia), Ingredion (U.S.)
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Market Opportunities
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Market Definition
Pet food ingredients encompass a variety of components tailored to meet the nutritional needs of companion animals. Common ingredients include meats, poultry, fish, grains, vegetables, fruits, vitamins, and minerals. These ingredients are carefully selected and formulated to provide essential nutrients, flavors, and textures for balanced pet nutrition.
Global Pet Food Ingredients Market Dynamics
Drivers
- Rise in the Pet Ownership Create Pet Food Demand
The surge in pet ownership, notably among millennials and urban dwellers, propels the demand for pet food. Consumers, valuing premium quality, are increasingly inclined towards specialized products crafted with organic ingredients and natural flavors. This shift reflects a broader trend of pet owners prioritizing the fitness of their beloved companions, driving market growth and innovation.
- Rise in Focus on Pet Health and Wellness
Pet owners increasingly prioritize their pet's health, seeking pet foods tailored to specific health needs such as weight management, dental care, and allergen avoidance. Veterinarian recommendations for therapeutic diets further influence purchasing choices. This heightened focus on pet health drives demand for specialized pet food options, reflecting a growing trend towards preventative care and holistic wellness for companion animals.
Opportunities
- Sustainability and Ethical Sourcing of Ingredients
Consumer demand for ethically sourced and sustainable pet food ingredients is reshaping the industry, leading to transparent supply chains and stricter regulations. This shift towards accountability encompasses labeling transparency and higher safety standards. Manufacturers are compelled to prioritize sustainable practices and ethical sourcing to meet evolving consumer expectations and regulatory requirements in the pet food market.
- Growth of E-commerce Ease Purchase
The exponential growth of e-commerce platforms has revolutionized the accessibility of pet food ingredients, offering a diverse range of products to consumers globally. This convenience enhances market reach, facilitating easy purchase and delivery options for pet owners. As online shopping continues to surge, it significantly contributes to driving sales and market expansion in the pet food ingredient sector.
Restraints/Challenges
- Regulatory Compliance Limits Certain Ingredients
Regulatory compliance hampers the pet food ingredients market by imposing strict standards on ingredient tracing, formulation, and labelling. Adhering to these regulations increases production price and limits the availability of certain ingredients, hindering innovation and potentially constraining market growth in the pet food industry.
- Fluctuations in Raw Material Costs
Fluctuations in raw material costs for pet food, such as grains, meat, and fish, pose challenges for manufacturers. Increased production expenses can force price hikes, reducing competitiveness and eroding profit margins. Intense market competition exacerbates these pressures, hindering manufacturers' ability to maintain profitability and market share amidst price-sensitive consumers.
This global 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 global 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.
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 revealed 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 launched 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, U.S. 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 U.S.
- In 2021, Mars Inc. launched 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
Global Pet Food Ingredients Market Scope
The global pet food ingredients market is segmented on the basis of source, ingredient, animal, form, product type, and distribution channel. 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.
Source
- Animal Derivatives
- Plant Derivatives
- Synthetic Derivatives
Ingredient
- Specialty Protein
- Beef Proteins
- Egg Proteins
- Blended Proteins
- Hydrolyzed Proteins
- Pork Protein
- Fish Protein
- Poultry Protein
- Ovine Proteins
- Cervine Proteins
- Other animal Proteins
- Plant Proteins
- Algal proteins
- Amino Acid
- Lysine
- Methionine
- Threonine
- Cysteine
- Others
- Mold Inhibitors
- Gut Health Ingredients
- Beta-glucan
- Cereals
- Mushroom
- Yeasts
- Seaweed
- Phosphates
- Monocalcium
- Dicalcium
- Phospholipids
- Others
- Vitamins
- Water-soluble
- Fat-soluble
- Acidifiers
- Carotenoids
- Astaxanthin
- Beta-carotene
- Zeaxanthine
- Lutein
- Others
- Enzymes
- Phytases
- Carbohydrases
- Proteases
- Others
- Mycotoxin Detoxifiers
- Flavors and Sweeteners
- Antimicrobials and Antibiotics
- Minerals
- Antioxidants
Animal
- Dog
- Cat
- Bird
- Fish
- Others
Form
- Dry Pet Food
- Wet Pet Food
- Mixture
Product Type
- Treats and Chews
- Others
- Frozen Food
- Raw Food
Distribution Channel
- Online
- Offline
Global Pet Food Ingredients Market Regional Analysis/Insights
The global pet food ingredients market is analysed and market size insights and trends are provided by country, source, ingredient, animal, form, product type, and distribution channel as referenced above.
The countries covered in the global pet food ingredients market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the global pet food ingredients market owing to widespread pet adoption in developed and emerging economies. Increased awareness of the benefits of high-quality pet food further fuels market growth in the region.
Asia-Pacific is the fastest growing region in the global pet food ingredients market's growth from 2024 to 2031. The region is increasing stray population, rising pet adoption awareness, and the youth’s inclination to embrace pets as family members fuel this surge.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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 Global Pet Food Ingredients Market Share Analysis
The global 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 global pet food ingredients market.
Some of the major players operating in the global pet food ingredients market are:
- Cargill, Incorporated (U.S.)
- ADM (U.S.)
- BASF SE (Germany)
- Adisseo (China)
- Darling Ingredients Inc. (U.S.)
- Omega Protein Corporation (U.S.)
- DuPont (U.S.)
- Chr. Hansen Holding A/S (Denmark)
- Roquette Frères (France)
- SunOpta (Canada)
- Lallemand Inc. (Canada)
- Lesaffre (France)
- Daka Denmark A/S (Denmark)
- Nutreco (Netherlands)
- The Scoular Company (U.S.)
- Kemin Industries, Inc. (U.S.)
- Pointon Partners Lawyers (Australia)
- Ingredion (U.S.)
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