Pet Food Ingredients Market

Pet Food Ingredients Market was valued at USD 31.3 billion in 2021 and is forecast to touch USD 51.0 billion in 2029, and the market is expected to grow at a CAGR of 6.3% from 2022-2029.

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Important Pet Food Ingredients Market Drivers

Pet Food Ingredients Market is majorly driven by growing demand for multi-functional pet food ingredients, surge in the pet adoption rates worldwide and increasing awareness amongst pet owners about the importance of proper nutrition in pet’s diet. During 2020, puppy adoption rate across India has increased in the range of 50-100%. Prevalence of obesity in pets has become a serious concern for pet owners because it can increase the risks of lifestyle related diseases, cardiovascular diseases, and hypertension in pets. As a result, pet owners are focusing on improving pets’ health by providing proper nutritional food items, which is pushing the demand for organic and protein-rich pet food.

Moreover, rise in consumers spending on maintenance of pets, emerging trend of pet humanization, increasing availability of pet food items at online platforms, technological advancements in hydrolysis methods and growing demand for premium pet food products, are supplementing the market growth. As per our analysis, on an average household across United States spent around USD 990 per pet in 2020, and this figure is projected to increase by 50% by 2030. Pet food manufacturers are focusing on launching innovative products to attract new consumers coupled with increasing investments by major players on research and development, and rise in the usage of animal feed probiotics, are contributing towards market’s growth. However, growth of Pet Food Ingredients Market is hindered due to increase in the prices of raw materials.

Wet segment is projected to grow at a robust CAGR.

Wet pet food ingredients type are gaining traction in the market attributed to the presence of antibiotics and preservatives, which helps in increasing shelf-life of food items. In addition, wet pet food products are easier to chew, offers complete and balance nutrition, and comes in more flavors and forms as compared to dry foods.

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Based on Ingredient.

Pet owners are looking for healthier and nutritious food products which can enhance their pet’s overall health. Pet owners are preferring to provide food products which are made from fruits and vegetables because it enhances overall digestive health along with its anti-inflammatory properties prevents from common inflammation in animals. In addition, growing trend of veganism, is pushing the demand for plant-derived pet food products, which is contributing towards the segment’s growth.

Based on Pet, Dog segment is forecast to dominate the market owing to high adoption rate of dogs.

Dog adoption rates are rising worldwide, for instance as per estimates, population of pet dogs in India was around 21.4 million in 2019 and is projected to increase by approximately 46% by 2023. Pet food ingredients such as flavors and colors are increasingly used in dog food products to increase palatability and feed intake. Moreover, rise in consumers spending on maintenance of dog’s health and growing demand for premium dog food products, are further propelling the segment’s growth.

Based on Source, Plant Derivatives segment is estimated to hold a major share in the market.

Plant derived pet food ingredients are rich in omega-6 fatty acids, antioxidants and minerals. Pet owners are increasingly adding plant-derived pet food products owing to its health benefits coupled with growing popularity of vegan-based pet food items, are accelerating the segment’s growth.

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Asia-Pacific is forecast to be the fastest growing region.

Asia-Pacific Pet Food Ingredients Market is driven by surge in pet population, increasing middle-income population and presence of major economies such as India, China and Indonesia and growing consumers preference for natural or organic pet food products. Furthermore, increasing awareness amongst pet owners about health and wellbeing of pet animals, is boosting the market growth in the region.

North America Pet Food Ingredients Market is propelled by high pet ownership rates of dogs, cats and fishes, rise in consumers spending on maintenance of pets and favourable Government policies. In addition, growing awareness amongst pet owners about the benefits offered by animal feed additives and presence of established Pet Food Industry, is pushing the market growth in North America. While petfood industry in Europe is majorly driven by high pet population, increasing concerns related to pet’s health and safety and rise in consumers spending on pet care products.

Top Market Players

Various notable players operating in the market include Cargill, Incorporated, ADM, BASF SE, Darling Ingredients Inc., Omega Protein, Chr. Hansen Holding A/S, Roquette Frères, SunOpta, Lallemand, Nutreco, Saria A/S GmbH & Co. KG, The Scolular Company, Kemin Industries, Inc., Ingredion Incorporated among others.

Key Developments:

• • In January 2023, Nutreco and BiomEdit announce its long-term strategic research and commercial partnership, which will focus on developing proprietary ultra-specialty ingredients through advanced microbiome biotech company, BiomEdit.
  • In May 2022, Darling Ingredients acquired Valley Proteins, one of the major manufacturers of animal-based fats and by-product meals. This acquisition will strengthen product portfolio and help the company to meet the increasing demand from the industry.
  • In March 2021: Mars, Inc, a major pet food manufacturer based out of U.S. announced the expansion of it Royal Canin plant, which is located in Lebanon, by investing USD 200 million. Through this investment, company will add 5 new corporation lines to double its production capacity.
  • In December 2020: Nestle Purina Petcare announced its plans to invest USD 550 million for expanding its pet food manufacturing facility in Hartwell, Georgia.
  • In June 2020, Darling Ingredients Inc., acquired 50% of EnviroFlight, LLC from Intrexon Corporation. Through this acquisition, company will utilize EnviroFlight’s innovative approach towards black soldier fly (BSF) larvae rearing and processing method, to meet the rising demand for high-quality nutrients for animal and pet food industries.

Market Segmentation

The Global Pet Food Ingredients market has been segmented based on Form, ingredients, Pet, Sources and Key Regions. Based on Form, the market is segmented into Dry Pet Food Ingredient and Wet Pet Food Ingredient. Based on Ingredients, the market is segmented into Meat & Meat products, Cereals, Vegetables, Fats and Additives. Based on Pet, the market is segmented into Dog, Cat, Fish and Others. Based on Source, the market is segmented into Animal derivates, Plant derivates and Synthetic.

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Market Segmentation:

Global Pet Food Ingredients Market by Form

• • Dry Pet Food Ingredient
  • Wet Pet Food Ingredient

Global Pet Food Ingredients Market by Ingredient

• • Meat & Meat Products
    • Deboned Meat
    • Meat Meal
    • By-Product Meal
    • Animal Digest
  • Cereals
    • Corn & Cornmeal
    • Wheat & Wheat meal
    • Barley
    • Rice
    • Fruits
  • Vegetables
    • Potatoes
    • Carrots
    • Soybean & Soybean Meal
  • Fats
    • Fish Oil
    • Tallow
    • Lard
    • Poultry Fat
    • Vegetable Oil
  • Additives
    • Vitamins & Minerals
    • Enzymes
    • Other Additives

Global Pet Food Ingredients Market by Pet

• • Dog
  • Cat
  • Fish
  • Others

Global Pet Food Ingredients Market by Source

• • Animal Derivatives
  • Plant Derivatives
  • Synthetic

Global Pet Food Ingredients Market by Region

• North America Pet Food Ingredients Market Option 1: As a part of the free 25% customization
  • By Form
  • By Ingredient
  • By Pet
  • By Source
  • United States Market All-Up
  • Canada Market All-Up
• Europe Pet Food Ingredients Market Option 2: As a part of the free 25% customization
  • By Form
  • By Ingredient
  • By Pet
  • By Source
  • Spain Market All-Up
  • Germany Market All-Up
  • UK Market All-Up
  • France Market All-Up
  • Poland Market All-Up
  • Russia Market All-Up
  • Rest of Europe Market All-Up
• Asia-Pacific Pet Food Ingredients Market Option 3: As a part of the free 25% customization
  • By Form
  • By Ingredient
  • By Pet
  • By Source
  • China Market All-Up
  • India Market All-Up
  • Japan Market All-Up
  • South Korea Market All-Up
  • Indonesia Market All-Up
  • Australia Market All-Up
  • Rest of APAC Market All-Up
• ROW Pet Food Ingredients Market Option 4: As a part of the free 25% customization
  • By Form
  • By Ingredient
  • By Pet
  • By Source
  • Brazil Market All-Up
  • Argentina Market All-Up
  • South Africa Market All-Up
  • Saudi Arabia Market All-Up
  • Rest of world Market All-Up

Leading market players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cargill, Incorporated
  • ADM
  • BASF SE
  • Darling Ingredients Inc.
  • Omega Protein
  • Chr. Hansen Holding A/S
  • Roquette Frères
  • SunOpta
  • Lallemand
  • Nutreco
  • Saria A/S GmbH & Co. KG
  • The Scolular Company
  • Kemin Industries, Inc.
  • Ingredion Incorporated