The GMI Research projects that the Pet Food Ingredients Market will perceive an increase in demand over the forecast period. This is because of the rising consciousness about the nutritional advantages of omega 3 fatty acid, minerals, and dietary fiber and the growing production by manufacturers to serve different purposes.
Introduction of the Pet Food Ingredients Market
Pet Food refers to a proficient food for domesticated animals formulated according to their nutritional needs. The food generally includes a mixture of protein, vitamins, carbohydrates sources, fats and preservatives, and minerals to enrich the pet’s body. The foods are chiefly designed for distinct stages of life and assists in managing health conditions.
Key Players of Market:
- Ingredion Incorporated
- Cargill, Incorporated
- BASF SE
- ADM
- Darling Ingredients Inc.
- Chr. Hansen Holding A/S
- Omega Protein
- Roquette Frères
- SunOpta
- Lallemand
- Nutreco
- The Scolular Company
- Saria A/S GmbH & Co. KG
- Kemin Industries, Inc.
Pet Food Ingredients Market Dynamics
The increasing adoption rate of pets, as well as the easy accessibility of pet food items across different platforms, which include a shop, retails, online stores, and supermarkets, are projected to expand the demand for the global pet food ingredients market. Also, the remarkable drift in consumer preference towards vegan and grain-free food items will further strengthen the market size. The leading market players are increasingly focussing on product advancement, such as the initiation of vegan and grain-free items to cater to the varying demand of pet owners.
Further, the growing tendency to keep the pet as a partner and the increasing apprehension towards the health of pets has paved the way for market growth. For example, in accordance with the Pet Food Industry, approximately 95% of the pet owners presume their pet to be an important member of their family, thereby stressing the quality of the pet food. Besides this, the augmenting spending capacity of individuals as a result of the accelerating disposable income and the augmenting demand for superior pet foods are other factors stimulating the global pet food ingredients market size.
Form Segment Drivers
Based on form, the market is subdivided into Dry and Wet Pet Food Ingredient. Amongst which, the Dry Pet Food Ingredient is expected to expand at a faster rate in the near future. This is because of their remarkable advantages, such as economical nature, low-moisture content, and ease in storage and feeding of pets. Moreover, the altering lifestyle and the increasing knowledge about natural dry pet food products will further impel the pet food ingredients market share.
Ingredient Segment Drivers
Based on Ingredient, the Meat & Meat product is predicted to capture a higher growth over the forecast period. This is because these products are highly efficient and help to sustain the general health of the pet. Also, according to the global pet food ingredients market size report, the demand for exclusive quality meat ingredients is increasing because of the growing focus on pet health and food quality.
Regional Drivers
Based on the regional coverage, the Rest of the World, including Brazil and Argentina, is contemplated to witness faster growth. This is because of the increasing tendency of pet humanization as a result of disposable income, transforming demographic patterns, and the shift in the consumer’s choice. Furthermore, the aggravating pet food consumption and pollution will drive the market demand.
Pet Food Ingredients Market Segmentation:
Segmentation by Form
- Dry Pet Food Ingredient
- Wet Pet Food Ingredient
Segmentation by Ingredient
- Meat & Meat Products
- Deboned Meat
- Meat Meal
- By-Product Meal
- Animal Digest
- Cereals
- Corn & Cornmeal
- Wheat & Wheat meal
- Barley
- Rice
- Fruits
- Vegetables
- Potatoes
- Carrots
- Soybean & Soybean Meal
- Fats
- Fish Oil
- Tallow
- Lard
- Poultry Fat
- Vegetable Oil
- Additives
- Vitamins & Minerals
- Enzymes
- Other Additives
Segmentation by Pet
- Dog
- Cat
- Fish
- Others
Segmentation by Source
- Animal Derivatives
- Plant Derivatives
- Synthetic
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
About GMI Research
GMI is a consulting and market research organization assisting its clients to reach a actionable and managerial decision. The organisation with the help of expert analysts and research team offers a detailed market research report and business perception to various SMEs. Our team of research analysts collects all the requirement information about the sectors using external and internal data basis. We offer a step-by-step guidance to our client to comprehend them about the upcoming challenges and opportunities. The team further assists in acknowledging the influence of . market size, drivers, growth opportunities and restraints.
