Pet Food Ingredients Market is segmented by Type (Fish, Dog, Cat), Source (Plant-based, Animal-based and Synthetic), Ingredients (Cereals, Fruits, Vegetables, Meat & Meat Products Fats and Additives), Form (Wet and Dry), by Country (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa, Rest of World), and Pet Food Ingredients Companies (Koninklijke DSM N.V., Lallemand, Pancosma, DuPont Nutrition & Health, Diana Pet Food, BHJ A/S, American Dehydrated Foods Inc., Biorigin, Vitiva, AFB International, Muenster Milling Company, Kemin Industries, Inc., Novus International, Hebei Donghua Chemical Group, Archer Daniels Midland Company)
Pet Food Ingredients Market shall reach a value of $2x61.4 million in 2021, growing with a CAGR of 12.13% during the forecast period of 2022 to 2032.
et 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.
Pet Food Ingredients Market 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 2022-2032. 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!
A rise in pet population globally results in consequent expansion of the pet food ingredients industry, triggered by growth in the expenditure of pet owners on pet food products. Growing concern with regard to animal health, followed by an upward trend in domesticating pets, along with an increase in the nutrient consumption of pet feed call for high levels of demand of pet food, thus strongly fostering growth of the pet food ingredients market. Despite the Covid-19 pandemic situation having impacted businesses considerably worldwide, the plus point is that there is no noteworthy disruptive impact on the global operations and supply chains of pet food ingredients, thus ensuring stable growth in the market. Since ingredients, such as phosphate, amino acids, vitamins, specialty, and other nutritional components are incorporated in the pet food, as they improve animal immunity, metabolism, and gut health, ensuring healthy growth of pets, there is a thriving consumption of the same. As a result, high levels of consumption of pet food is projected to drive its demand across the globe. The availability of pet food at competitive prices in the market at present, thus ensuring cost-effectiveness across different income-level groups, is also an important factor influencing growth and sustenance of the pet food ingredients market.
The lack of a universal regulatory structure makes global trading challenging, as it involves multiple levels of approval across global regulatory authorities in the food industry. Updating technologies and facilities in relation to the production of pet food is quite a challenge in financial terms as pet food manufacturers require high investments of capital for installing various types of equipment and machinery which involves high costs and timely maintenance as well, thus adding to the cost. However, capital investments are considered as one-time investments which are usually offset in the long run.
Insights into pet food ingredients market during Covid-19
COVID-19 adversely affected the supply networks. Initially, restrictions on the movement of raw materials hurt the pet food industrys supply and cash flow. Meanwhile, pet food demand grew steadily as people adopted more pets as a result of a growing desire for companionship during the lockdown. As a result, market players have increasingly invested in e-commerce platforms instead of brick-and-mortar stores.
About 34% of the market was devoted to the dog segment in 2020.
There are three types of pet food ingredients in the global market: cats, dogs, and fish. Dog adoption is on the rise in various emerging economies due to psychological and therapeutic benefits, as well as the development of first-class drugs. The animal-based segment dominated the market and held the largest market share of 32% in the year 2020.
Sources include plant-based, animal-based, and synthetic. A market share of 32% was held by the animal-based segment in 2020. Animal-based pet food dominates because major manufacturers use fish as an animal derivative. Omega-3 and Vitamin A are found in abundant amounts. Pet food that contains meat is more digestible and more pleasant to eat. Pet food contains fish and their bones, which are rich in calcium and phosphorus.
Market growth is hampered by inconsistent universal guidelines and high production costs
Protein food ingredients such as organic natural and gluten-free ingredients are more expensive than conventional products, which is expected to hamper market growth. Unlike poultry by-product meal, which is significantly less expensive, most pet foods sold at higher prices contain chicken meal, a single-source protein.
Pet food ingredients must be certified by certifying authorities, increasing the price. As a result of this certification, the whole supply chain must adhere to the standard set forth in the certification, which results in more expenses for the grower, farmer, and producer. Third-party auditors are also required to conduct audits in order to ensure compliance, which increases the price of pet food ingredients.
Nutrient-rich products create growth opportunities in North America
In North America, the market for pet food ingredients should surpass USD 290 Million by 2032 as more consumers become aware of their pets health. Companies are developing new products for domestic and international markets. The governments of Canada and the U.S. will support the pet food industry with strong institutional support. Mexico is a major feed producer as well. Not exports but domestic consumption is responsible for this growth.
Market outlook of pet food is influenced by advertising new technology and incorporation of healthy ingredients in pet food, which directly impact demand for pet food ingredient. Approximately USD 37.0 billion of livestock are produced every year, which has had a positive impact on the market, according to USDA forecasts. Additionally, dogs are one of the most adopted animals among other animals. Consumers are spending more on pet food due to a growing concern about the health of their pets.
Phosphates are expected to register a strong growth rate in the future. Commercial phosphates used in animal nutrition include monocalcium, dicalcium, phospholipids, and orthophosphates. These phosphates provide vital nutrients, hence improve the health of companion animals.
Beta-glucan, Mannan-oligosaccharides (MOS), Fructooligosaccharides (FOS), probiotics, and prebiotics are all considered gut health ingredients. By binding to receptors on white blood cells and macrophages, these ingredients stimulate antimicrobial and anti-tumor activities, which is why the product is gaining wide acceptance in this industry.
As the focus on developing pet food palatability increases, the demand for palatants is also growing steadily. Three sensory characteristics determine whether a food is palatable, namely the macronutrient profile, texture, and aroma. Due to their hypersensitive nose, dogs are particularly sensitive to the smell of food.
Acidifiers, antioxidants, and enzymes have become more popular due to the use of antibiotics in agriculture. Feed acidifiers include, formic acids, propionic acids, fumaric acids, acetic acids, citric acids, and lactic acids. Glucose, a cheaper and more efficient energy source comparable to fumaric acid, is the main driver of the product.
Launches of new products and R&D initiatives will be key business strategies incorporated by manufacturers
The global pet food ingredients market is fragmented, and key players include Koninklijke DSM N.V., Lallemand, Pancosma, DuPont Nutrition & Health, Diana Pet Food, BHJ A/S, American Dehydrated Foods Inc., Biorigin, Vitiva, AFB International, Muenster Milling Company, Kemin Industries, Inc., Novus International, Hebei Donghua Chemical Group, Archer Daniels Midland Company, among others. In addition, other small emerging players are also showing keen interest due to the virtue of increasing consumer spending on high-end pet food. Furthermore, manufacturers are also trying to increase their product penetration through several acquisitions and collaborations.
DuPont Nutrition & Health (DuPont) announced on 8th September 2020 that it will open an animal nutrition manufacturing facility in China. As part of DuPonts commitment to quality and innovation, the new manufacturing plant will provide customized solutions to the local animal production industry. Koninklijke DSM acquired Erber Groups Biomin in June 2020. Erber Group specializes in animal nutrition and health, while Bimoin specializes in mycotxin risk management. Koninklijke DSM has thereby expanded its portfolio of animal health and nutrition products.
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Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2032)
Source Analysis (Revenue, USD Million, 2022 - 2032)
Ingredients Analysis (Revenue, USD Million, 2022 - 2032)
• Meat & Meat Products Fats
Form Analysis (Revenue, USD Million, 2022 - 2032)
Region Analysis (Revenue, USD Million, 2022 - 2032)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Pet Food Ingredients Market Companies
• Albertsons Companies, Inc.
• Cargill, Inc.
• Kraft Heinz Co.
• DANONE SA
• Kellogg Co.
• ConAgra Brand, Inc.
• Kerry Group Plc.
• The J. M. Smucker Co.
• Dole Food Company, Inc.
• Organic Valley Crop Cooperative
United States Pet Food Ingredients Market Industry Research Report
Europe Pet Food Ingredients Market Industry Research Report
Asia Pacific Pet Food Ingredients Market Industry Research Report
India Pet Food Ingredients Market Industry Research Report
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