PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150055
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150055
The global pet food ingredients market size is expected to reach USD 52.95 billion by 2030, according to a new study by Polaris Market Research. The report "Pet Food Ingredients Market Share, Size, Trends, Industry Analysis Report, By Form (Dry, Wet); By Ingredient; By Source (Animal-based, Plant Derivatives, Synthetic); By Pets (Dogs, Cats, Fish); By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing demand for pet food ingredients is due to growing awareness among consumers about the nutritional content required by pets daily, such as omega-3, fatty acids, and antioxidants which are likely to drive market growth. Furthermore, increasing pet health concerns are one of the major factors driving demand.
In addition, rising disposable income and pet food expenditure on premium meals is expected to support market growth. Furtherly, increasing demand for vegan and organic food supplements has resulted in the development of customized meals, significantly influencing the market growth.
The COVID-19 pandemic had a negative impact on the demand for pet food ingredients; the movement of raw materials was halted, which resulted in the disruption of the supply chain, and the market suffered challenges with cash flow owing to the strict government rules and lockdown worldwide.
Pet Food Ingredients Market Report Highlights
The growing demand for the dry pet food segment in several countries is rising because of its affordability, palatability, and ease of handling, which is expected to drive product demand.
The vegetable and fruits segment accounted for the highest revenue share in 2021 and is expected to continue its dominance owing to the high nutritional value and improving digestion of the pets.
Based on pet type, cats are expected to grow in upcoming years as manufacturing cat foods are quite expensive, and creating new supplement in this segment will spearhead revenue growth.
The Asia Pacific is expected to grow over the forecast period on account of a vast population of stray animals and awareness related to pet health and nutrition across developing nations in the region, such as India and China.
Major players operating in the industry are ADM, AFB International, BASF SE, Biorigin, Cargill, Chr. Hansen Holding A/S, Darling Ingredients Inc., DSM, Green Source Organics, Hydrite chemicals, Ingredion, Kemin industries, Inc., LaBudde Group Inc, Lallemand Inc., LinkOne Ingredient Solutions, Mowi ASA.
Polaris Market Research has segmented the pet food ingredients market report based on form, ingredient, source, pets, and region:
Pet Food Ingredients, Form Outlook (Revenue - USD Billion, 2018 - 2030)
Dry
Wet
Pet Food Ingredients, Ingredients Outlook (Revenue - USD Billion, 2018 - 2030)
Meat & meat Products
Deboned Meat
Meat Meal
By-product Meal
Animal Digest
Cereals
Corn & Cornmeal
Wheat & Wheatmeal
Barley
Rice
Vegetables & Fruits
Fruits
Potatoes
Carrots
Soy & Soymeal
Pea
Fats
Fish Oil
Tallow
Lard
Poultry Fat
Vegetable Oil
Additives
Vitamins & Minerals
Enzymes
Other Additives
Pet Food Ingredients, Source Outlook (Revenue - USD Billion, 2018 - 2030)
Animal-based
Plant Derivatives
Synthetic
Pet Food Ingredients, Pets Outlook (Revenue - USD Billion, 2018 - 2030)
Dogs
Cats
Fish
Other Pets
Pet Food Ingredients, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Pet Food Ingredients Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Pets
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Form
Figure 7. Global Pet Food Ingredients Market, by Form, 2021 & 2030 (USD Billion)
Figure 8. Market by Pets
Figure 9. Global Pet Food Ingredients Market, by Pets, 2021 & 2030 (USD Billion)
Figure 10. Market by Ingredient
Figure 11. Global Pet Food Ingredients Market, by Ingredient, 2021 & 2030 (USD Billion)
Figure 12. Market by Source
Figure 13. Global Pet Food Ingredients Market, by Source, 2021 & 2030 (USD Billion)
Figure 14. Pet Food Ingredients Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 15. Strategic Analysis - Pet Food Ingredients Market