Pet food ingredients market overview

The pet food ingredients market refers to the industry involved in producing the various components that go into pet food, such as proteins, grains, vitamins, and minerals. This market is driven by the increasing demand for high-quality and nutritious pet food, as pet owners become more conscious about their pets’ health and well-being. The global pet food ingredients market size is projected to reach USD 47.4 billion by 2028 from USD 34.2 billion by 2023, at a CAGR of 6.8% during the forecast period in terms of value.

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How does the increasing acceptance of cannabidiol(CBD) in various regions contribute to the opportunity for the pet food ingredients industry?

Pet owners are increasingly seeking natural approaches to pet health, driving a trend toward wellness-focused pet products. This aligns perfectly with the potential of cannabidiol (CBD), a cannabis derivative gaining attention for its therapeutic benefits in pets.

CBD is believed to have calming and anti-inflammatory properties, potentially helping pets with anxiety, stress, or certain health conditions. Growing consumer education about these benefits, coupled with a more accepting regulatory landscape, opens doors for innovative pet food formulations containing CBD.

This presents a significant opportunity for the global pet food ingredients industry. Manufacturers can cater to a growing segment seeking alternative, natural solutions for their pets’ well-being. The trend reflects not just pet owner preferences but also a broader shift toward health-conscious and natural pet products, making CBD-infused pet food a potential market winner.

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North America holds a dominant position in the global pet food ingredients market

North America’s dominance in the pet food ingredients market is underpinned by its mature industry, characterized by numerous established manufacturers and distributors. This robust infrastructure facilitates the efficient sourcing and production of a diverse range of pet food ingredients. The proliferation of e-commerce has further bolstered accessibility for pet owners across the region, offering them convenient access to a wide selection of pet food options, including those with unique or specialized ingredients. This increased accessibility contributes to a growing demand for various pet food ingredients. Moreover, North America benefits from large and efficient manufacturing facilities, enabling economies of scale in ingredient production. Consequently, this enhances cost-effectiveness and solidifies the region’s leading position in the pet food ingredients industry.

The meat & meat products segment dominated the market in North America owing to their demand in the region. This drives the demand for meat and meat products in the North American pet food market. As a rich source of amino acids, fatty acids, vitamins, and minerals, meat plays a crucial role in supporting pets' overall growth, development, and immune system function. Additionally, meat enhances the palatability of pet food, making it more appealing to animals compared to other ingredients.

Key Questions Addressed by the Pet Food Ingredients Market Report

How big is the pet food ingredients market?

What drives the market for pet food ingredients?

Name Pet food companies that are using fish oil in their food.

Who will be the leading hub for global pet food ingredients market

Are there any challenges affecting this industry, as per the pet food ingredients market forecasts?

Categorization of Pet Food Ingredients Market by Source:

• Animal-based
• Taste Masking
• Plant derivatives
• Synthetic

How do cereals contribute to the nutritional content of pet food?

Cereals secure a substantial position in the pet food ingredient market, holding the second-largest share. This prominence can be attributed to the significant role cereals play in providing essential nutrients, particularly carbohydrates, in pet food formulations. Common cereal ingredients like rice, wheat, corn, and barley are rich sources of energy, fiber, and other vital nutrients. Pet food manufacturers often incorporate cereals to create well-balanced and cost-effective formulations. Additionally, cereals can contribute to the texture and palatability of pet food products. The popularity of cereals in pet food aligns with the nutritional requirements of pets and offers a versatile ingredient option for formulating various types of pet foods, from kibble to treats.

Top Companies in the Global Pet Food Ingredients Market

BASF SE (Germany), Darling Ingredients Inc (US), Cargill, Incorporated (US), Ingredion (US), DSM (Netherlands), Omega Protein Corporation (US), ADM (US), Kemin Industries, Inc (US), Chr. Hansen Holding A/S (Denmark), Roquette Frères (France), The Scoular Company (US), Symrise (Germany).

3D Corporate Solutions (US), Hydrite Chemical (US), AFB International (US), Gillco Ingredients (US), SARIA International GmbH (Germany), Green Source Organics (US), Biorigin (Brazil), Zinpro (US), APS Phoenix LLC (US), LaBudde Group Inc (US), FoodSafe Technologies (US), DuPont Nutrition & Health (US), and Eurotec Nutrition Group (Thailand).

Pet Food Ingredients Industry Growth Drivers

The pet food ingredients market is experiencing significant growth, largely fueled by a notable increase in pet expenditure, particularly on premium pet food. Pet owners are increasingly prioritizing high-quality and innovative ingredients, a trend known as premiumization, driven by a growing awareness of pet health and nutrition. This shift in consumer behavior directly drives the demand for diverse and superior pet food ingredients. Manufacturers are under pressure to innovate and improve formulations to align with evolving pet owner preferences, leading to a surge in demand for ingredients that enhance overall well-being, taste, and nutritional value. Furthermore, the perception of pets as integral family members further strengthens the connection between heightened pet expenditure and the demand for premium pet food ingredients, resulting in sustained growth in this market segment.