Pet Food Ingredients Market by Ingredient (Cereals, Meat & Meat Products, Vegetables, Fruits, Fats, and Additives), Source (Animal-based, Plant-based, and Synthetic), Pet (Dog, Cat, and Fish), Form (Dry and Wet), and Region – Global Forecast to 2025

2020-07-09
Price :
Published : Jul-2020
No. of Pages : 182

“Increasing pet adoption globally and growing demand for more nutritive pet food are set to drive the pet food ingredients market.”

The global pet food ingredients market size is estimated to be USD 38.6 billion in 2020 and is projected to reach USD 53.2 billion by 2025, at a CAGR of 6.6% during the forecast period. Pet food ingredients are defined as substances, products, or formulations that are added to pet food. The sources of pet food ingredients are animal derivatives, plant derivatives, and additives, as they improve their nutritional value. Pet food ingredients help in improving the feed digestion and feed conversion ratio. The increasing consumption of pet food products has led to high demand for pet food ingredients. The manufacturers are expanding their facilities to meet this increasing demand for pet food across regions.

 “Dog: The largest-growing segment of the pet food ingredients market, by pet food ingredients market pet type”

Dogs are the most popular pets adopted, and key players are focusing on offering pet food for them to gain a significant share in the pet food ingredients market. The US witnesses the highest registration of pet dogs, which is estimated to be more than 73 million. The demographical statistics in Asia are unreliable as pet dogs do not have to be registered in this region. However, the number of pet dogs is estimated to be nearly 110 million in China and 32 million in India.

“Dry: The largest-growing segment of the pet food ingredients market, by pet food ingredients form”

The use of pet food ingredients is increasing at a rapid pace, and the dry segment is projected to account for a major share in the pet food ingredients market. Due to the high demand for dry pet food, ingredients such as cereals, vitamins, and proteins are manufactured in the powdered form, which is easy to use in the final pet food product

“North America: The largest-growing segment of the pet food ingredients market, by pet food ingredients region”

North America accounted for the largest share of the pet food ingredients market, recording a value of USD 12.9 billion in 2019; it is projected to reach USD 19.8 billion by 2025. Factors such as the large pet population, increase in pet adoption, and growth in demand for pet food drive the growth of the region’s pet food ingredients market. Easy availability of major ingredients such as cereals, fruits, and meat & meat by-products is a key factor supporting the growth of the pet food ingredients market. In 2019, the US accounted for a major share of 29.8%, in value terms, of the global pet food ingredients market, due to the presence of major manufacturers, high pet food consumption, and huge pet population.

Breakdown of primaries

The study contains insights from various industry experts, ranging from raw material suppliers to Tier 1 companies and manufacturers. The break-up of the primaries is as follows:

  • By Company Type-Tier 1 – 35%, Tier 2- 35%, Tier 3- 30%
  • By Designation- C level- 26%, Managers- 37%, Executives- 37%
  • By Region- APAC- 9%, Europe- 24%, North America- 57%, South America-10%

*RoW includes Middle east and Africa

The key players in this market are Cargill, Incorporated (US), Archer Daniels Midland Company (US), BASF SE (Germany), DuPont (US), and Ingredion Incorporated (US). Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to strengthen their position in the market.

Research Coverage

The report segments the pet food ingredients market and forecasts its size, by volume and value, based on region (Asia Pacific, Europe, North America, South America, and RoW), source (plant based, animal based, and synthetic), Livestock (Dogs, Cats, and Fish), and Form (Dry and wet).

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the pet food ingredients market. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Key Benefits of Buying the Report

The report will help the leaders/ new entrants in the market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the pet food ingredients market and provides them information on key market drivers, restraints, challenges, and opportunities.

Filed in: Food & Beverage
Publisher : marketsandmarkets
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