Pet Food Ingredients Market is expected to Showcase Rampant Growth Over 2027
Market Highlights
Pets require essential
nutrients such as proteins, vitamins, and minerals to stay strong and healthy.
Concern for a healthier lifestyle, fewer digestive disorders, high energy
level, healthy weight, and longer lifespan in pets are few of the key drivers
boosting the growth of pet food ingredients market size. The ingredients used
in pet food are available in raw form, and the further processing is done by
the pet food processors.
The pet food ingredients
market size has been segmented by ingredients into meat & meat products,
cereals, vegetables, fats, and additives. Meat & meat products segment
generate the most revenue in the market owing to the enhanced palatability and
acceptability of meat-based pet food. Meat is a good source of glucosamine,
chondroitin, vitamins, and protein, among others, that help in brain
development, bone health, and immune system of pets.
Pet food ingredients
market size is segmented by pet into dog, cat, fish, and others. The dog
segment is generating the maximum revenue in the market, owing to the rising
adoption of different breeds of dogs worldwide. Dogs need extra nutritional values
than other pets in terms of health and performance thereby boosting the growth
of dog food ingredients market.
In terms of form, pet
food ingredients market size is segmented into dry and liquid, where dry
ingredients market dominate the market. Dry pet food ingredients have more
nutrition content and its low moisture level offers longer shelf life than
liquid form, thereby driving the market for dry pet food ingredients market
size.
The market, by source,
is segmented into animal based, plant based, and synthetic. The animal-based
source segment is the most dominating segment in the market since animals
sourced pet food are an excellent source of proteins and other nutrients
essential for a pet diet.
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Regional Analysis
Geographically, North
America is witnessed to hold the maximum share in the global pet food
ingredients market size owing to the rising demand for healthier pet diet. With
increasing pet humanization, health concern among pet owners for pets have also
increased in this region. Europe contributes a healthy revenue share towards
global pet food ingredients market size owing to the rising pet adoption.
Majority of the households in this region own at least one pet and consider
every possible measure to take care of these pets.
Asia-Pacific is
expected to be the fastest growing market for pet food ingredients owing to the
increasing adoption of pets that mainly include cats. Pet Fair Asia is the
largest annual trade show of animal supplies and aquariums in Asia. Such exhibitions
boost the demand for pet food ingredients in the region.
Segmentation
The global pet food
ingredients market size has been segmented into ingredient, pet, form, source,
and region.
The market on the
basis of ingredient has been segmented into meat & meat products, cereals,
vegetables, fats, and additives.
The market, by pet,
has been segmented into dog, cat, fish, and others.
The market, by form,
has been segmented into dry ingredients and liquid ingredients.
The market, by source,
has been segmented into plant based, animal based, and synthetic.
Key Players
Some of the key
players in the global pet food ingredients market size are Archer Daniels
Midland Co. (US), DSM N.V. (The Netherlands), Cargill, Inc. (US), BASF SE
(Germany), Ingredion, Inc. (US), Roquette Frères (France), SunOpta (Canada),
DowDuPont, Inc. (US), Omega Protein Corp. (US), and John Pointon & Sons
Ltd. (UK).
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and wherever required we will be considering Covid19 Footprints for Better
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