Pet Food Ingredients Market Size, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

  • Report ID : MD1694
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  • Pages : 200
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  • Tables : 88
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  • Formats :

Pet foods are those sustenance products that are exclusively produced for the consumptions of the pets. While these are available in supermarkets and pet stores, they vary a lot depending on the type of animal to be fed. The food given to cats will differ from that given to a dog. The mean used for pet food production is mostly non-human grade meat, and hence it is not deemed fit for human consumption. These foods are made as per the nutritional needs of the animals and help to keep them healthy and active.
Growth factors and trends
The pet population has continuously been on the rise globally, and this has, in turn, led to the growth of the pet food ingredient market. Given the trends, dogs are the most adopted pets, and hence they have the maximum share in the pet food ingredient market. Pet dogs in the US are registered, and in 2018-2019 there were around 73 million. Whereas in India and China, there are around 32 million and 110 million pet dogs approximately. As per growth trends, the dry segment of the market will grow better than the wet because of its cost-effective and low moisture quality. An expected 7% CAGR is slated for the pet food ingredient market in the forecast period 2017-2025. Some of the market key players include – Blue Buffalo Co Ltd, Mars IncNestle SA, WellPet LLC and a few others! The awareness of animal well-being and its government campaigns has further boosted the adoption of pets. It will directly result in higher demand for pet food ingredients in the market!

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