Europe Pet Food Protein Ingredients Market is segmented by Source (Animal By Products, Feed Grains, Soybean Byproducts, and Novel Proteins) and Application (Dry Foods, Wet Foods, Veterinary Diets, and Treats and Snacks) and Geography.
Pet Food Protein Ingredients contains amino acids, fatty acids, vitamins and minerals that are sufficient enough to sustain energy and nutrients to consumers’ pets. It is essential that pet food contains high amount of amino acids which are then the building blocks of protein. Pet animals require protein in their diet to sustain their energy and support body and muscle growth. Pet food manufacturers often include meat parts such as liver, pig’s trotters, tripe, and udders as pet food ingredients because these are an excellent sources of protein.
The Pet Food Protein Ingredients Market in Europe is anticipated to reach a market size value of USD 2.85 billion at a CAGR of 14.7% during the forecast period of 2022-2031.
The market is continuously growing significantly and this is owing to factors such as, growing awareness on the benefits of protein rich diet in pets, pet population is growing along with the increasing expenditure in favor of pets, and high demand for nutritious and good quality pet foods. In addition, there is an expected growth opportunities for the pet food protein ingredients market manufacturers in Europe because of the increasing concerns of consumers towards new protein-based nutrition for their pets. Consequently, the market also faces challenges making it difficult for the market to flourish immediately. These restraints include, reduction of free trade in Europe, changing of raw material prices, stringent regulations and interventions made by authorities, large amount of capital investments required in production, and emergence of risks with regard to counterfeit pet food products.
Dealing on the widespread of the virus is a great challenge to all countries because many sectors will have to compromise and be affected negatively. Many industries will have to adapt and adopt the changes that will be imposed upon them by their governments. A massive pull back on the growth of the Europe Pet Food Protein Ingredients Market is the disruption of the supply chain since manufacturing and distribution by key players or companies are being limited, if not, controlled by governments by imposing lock downs and halting travels across borders.
The Europe Pet Food Protein Ingredients Market in Europe is facing a challenge wherein the disruption in raw material supply is negatively affecting manufacturers because travel, transport of raw materials, and non-essential trade have been put off in many countries. This in turn affected production, causing a fewer volume of product sales. Exportation and importation of suppliers and raw materials have been affected since there are border restrictions and heightened protocols.
On the other hand, there are positive effects brought by the pandemic--there is a growing demand for pet food products in the European region recorded in 2020 by the European Pet Food Industry Federation wherein the market grew by 10.2%. this is due to growth of pet ownership, humanization of pets, and increasing expenditures on pets.
Key Findings in the Europe Pet Food Protein Ingredients Market
In terms of source, the animal byproducts segment is projected to have the largest share accounted for in the market in 2022. This large share is due to application of animal byproducts in manufacturing pet foods, high protein content concentration, presence of balanced amino acids, and digestibility of these pet foods are of premium quality with favorable flavor profiles. On the other hand, novel proteins sources segment is projected to have the highest CAGR during the forecast period mainly attributed to factors like, increasing demand for environmental friendly protein-rich pet foods, large investments with respect to novel protein sources, technological advancements in developing pet food products along with technologies that are cost-effective and growing acceptance on including insect and single cell-based proteins in pet food products.
In terms of application, the veterinary diets segment is expected to have the highest CAGR accounted for during the forecast period of 2022-2031. this is mainly attributed to, growing demand for healthy pert food products, pet food products that are formulated for specific breeds, and those products developed for different ages and psychological needs of pets.
Regional Market Analysis
In terms of regional segment, Germany is projected to have the highest CAGR in the market accounted for during the forecast period. This immediate growth is caused by, increasing adoption of pet foods products that are rich in protein as well as growing demand for functional and vegan based pet food products.
Based on an extensive assessment, these major key players on the Europe Pet Food Protein Ingredients market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, Cargill, Incorporated (U.S.), Roquette Frères Le Romarin (France), DuPont de Nemours, Inc. (U.S.), Kerry Group plc (Ireland), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Enterra Feed Corporation (Canada), Protix B.V. (Netherlands), Alltech (U.S.), BHJ A/S (Denmark), Symrise AG (Germany), Omega Protein Corporation (U.S.), SARIA A/S GmbH & Co. KG (Germany), Darling Ingredients Inc. (U.S.), and BENEO GmbH (Germany).
With respect to European pet food market, these are the major key players, Mars, Incorporated (U.S.), Nestlé S.A. (Switzerland), Tiernahrung Deuerer GmbH (Germany), Affinity Petcare S.A. (a part of Agrolimen SA) (Spain), Colgate-Palmolive Company (U.S.), The J.M. Smucker Company (U.S.), Monge & C. S.p.A. (Italy), Versele-Laga (Belgium), heristo Aktiengesellschaft (heristo AG) (Germany), United Petfood (Belgium), Partner in Pet Food (a part of Cinven) (Hungary), Farmina Pet Foods Holding B.V. (Netherlands), and Vafo Group a.s. (Czech Republic).
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Industry Segmentation and Revenue Breakdown
Source Analysis (Revenue, USD Million, 2022 - 2031)
• Animal Byproducts
• Feed Grains
• Soybean & Soybean Byproducts
• Novel Protein Sources
• Edible Insects
• Other Novel Protein Sources
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Dry Pet Foods
• Wet Pet Foods
• Veterinary Diets
• Treats and Snacks
• Others Products
Region Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Europe Pet Food Protein Ingredients Industry Research Report
• Europe Europe Pet Food Protein Ingredients Industry Research Report
• Asia Pacific Europe Pet Food Protein Ingredients Industry Research Report
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