As per this study the Global Pet Food Ingredients Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Pet food ingredients are the specialty food for the domestic animals formulated as per the nutritional need of the pet. Pet food ingredient include meat, meat by-products, cereals, grains, vitamins, and minerals. Additionally, additives are also used in pet food as preservatives, conditioning agents, emulsifiers, stabilizers, and coloring or flavoring agents.
The rising pet population along with the increasing adoption of pet across the globe is driving the market growth. Also, the rising trend of pet humanization is fuelling market growth. Additionally, increasing awareness regarding the nutritional benefits of minerals, dietary fiber, carotenoids, and omega-3 fatty acids in pet nutrition is further accelerating market growth. On the other hand, price sensitivity and limited availability of ingredients may hamper market growth. Whereas, shifting preference of customers towards premium pet food and novel food ingredients is likely to offer an opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of pet food ingredients.
The broad pet food ingredients market has been sub-grouped into source, type and form. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Animal Derivatives
- Plant Derivatives
- Dry Pet Food
- Wet Pet Food
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for pet food ingredients in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the pet food ingredients market include Archer Daniels Midland Company, BASF SE, Darling Ingredients Inc., E. I. Du Pont De Nemours and Company, Ingredion Incorporated, John Pointon & Sons Ltd. etc., Koninklijke DSM N.V., Omega Protein Corporation, Roquette Frères, and The Scoular Company. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings, and various other industry publications. Specific details on methodology used for this report can be provided on demand.