Pet food ingredients are the raw sourced food ingredients that are used in the manufacturing of pet food products. These ingredients are majorly used for the improvement of functionalities of pet food, the nutritional content and also improve the levels of dietary intake present in the pet food. These ingredients are the basis/core of the different varieties of pet foods produced and are focused on providing ample health benefits to pets as per their individual requirements.
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Pet food ingredients market is growing due to increase in pet population, pet humanization; the effects of these factors are mentioned below:
- Increase in pet population: The volume of pets being adopted by the human population has drastically increased and that subsequently has resulted in the increased consumption of pet food products. This trend has resulted in enhanced manufacturing of pet food products which has subsequently caused a rise of pet food ingredients from the global market
- Pet humanization: One of the most significant trends having a positive impact on the pet food ingredients is the pet humanization trend currently prevalent in the pet industry. This trend deals with the focus of human owners to provide their pets with human-like products such as food, toys, clothes and other products to ensure that the pets do not feel alienated or distant from their owners.
Innovative product launches by the different market players:
- In April 2019, Ingredion Incorporated announced the launch of plant-based high functioning additives under their pet ingredients product portfolio for the North America region consisting of countries U.S. and Canada. The ingredients are designed to promote clean label products demands from the pet food consumers while providing an enhanced level of nutritional offerings. The products branded as “PURITY P 1304” and “VITESSENCE Pulse 1550” are pea protein concentrates which have been developed to invoke better innovations from pet food manufacturers
- In October 2018, Darling Ingredients Inc. announced that they had acquired all of the assets and business operations of Triple – T Foods Arkansas, Inc. which also consists of wet pet food ingredients business situated in Springdale, Arizona, United States as well as a cold storage operations situated in Rogers, Arizona, United States. This acquisition will complement the business strategy of Darling Ingredients Inc. in expanding their specialty pet food ingredients offerings
The market is segmented on the basis of source as animal derivatives, plant derivatives and additives. Animal has been segmented into dag, cat, bird, fish and others. Form has been segmented as dry pet food, wet pet food and mixture.
“According to Data Bridge Market Research, Global Pet Food Ingredients Market is expected to be growing with a CAGR of 3.9% during the forecast period of 2018 to 2025”
Some of the major players operating in market are BASF SE, Archer Daniels Midland Company, E. I. Du Pont De Nemours and Company, Koninklijke DSM N.V., Ingredion Incorporated, The Scoular Company, Roquette Frères, Darling Ingredients Inc, Omega Protien Corporation, John Pointon & Sons Ltd, Del Monte Foods Co., Colgate-Palmolive Co., Nestle’ SA, Total Alimentos SA, Marc Inc., Proctor & Gamble Co., Nutriara Alimentos Ltd., Agrolimen SA, and Uni-Charm Corp, Pedigree, Blue Buffalo Co., Ltd, Unicharm, Hill's Pet Nutrition, Heristo AG, Deuerer, Laroy Group, Unicharm Corp, Spectrum Brands / United Pet Group and many more.
Currently, usage of cannabis, hemp and other ingredients in the food and beverage manufacturing is the most widely accepted trend with a number of different manufacturers currently utilizing these products in highly innovative methods, ensuring that humans as well as pets are experiencing their benefits.
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