Pet Food Ingredients Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis and Forecast to 2027

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Market scope

MRFR (Market Research Future) anticipates the pet food ingredients market 2020 to perform decently and attain a moderate growth rate over the forecast period (2019 to 2027). We will provide COVID-19 impact analysis with the report, combined with in-depth analysis following the coronavirus outbreak.

pet food ingredients market

Top Boosters and Deterrents

Pet food manufacturers in the global market are continually expanding their product lines, providing a wide range of options for consumers. Customers have the flexibility to opt for products based on several factors such as life stages, diseases, breeds, ingredient preferences, price, and more. Therefore, changing global market dynamics can likely be favorable for pet food ingredients, in terms of demand. Increased knowledge of the health benefits of dietary fiber, minerals, omega-3 fatty acids and carotenoids in pet food has emerged as a growth factor in the global industry.

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The huge increase in the adoption of cats and dogs, combined with owners’ growing attention to the health of their pets, is also driving the market demand. Currently, most of the ingredients used to prepare pet food are generally synthetic considering their ease of availability and low cost. But the growing consumer preference for natural and higher quality ingredients may significantly boost the demand for premium and super premium products in the coming years. Industry players are now focusing more on emerging countries, especially in Asia-Pacific, which are rife with lucrative opportunities that could contribute to the growth of the pet food ingredients market. These countries are mostly untapped and are being explored by major vendors due to the increasing ownership of pets, especially among the expanding urban population.

Ingredient sourcing coupled with high energy consumption during manufacturing is pushing pet food ingredient suppliers to look to technological innovations. Apart from this, manufacturers are also adopting strategic tactics such as mergers, acquisitions, joint ventures, partnerships, expansions, product launches, and agreements to boost their global footprint. For example, in October 2020, Nestlé Purina PetCare set up a 1.2 million square foot dry cat and dog food facility in Ohio to meet ever-increasing demand. The facility is expected to be the most technically advanced of its network and will feature robotics as well as various digital tools.

Segmental analysis

The pet food ingredient industry has been categorized into ingredient, pet food, form, and source.

The different ingredients available in the world market are cereals, vegetables, fats, meat and meat products and additives.

Pet-based market segments are fish, cats, dogs, etc.

The different forms present in the market are dry ingredients as well as liquid ingredients.

The primary sources of pet food ingredients are animal, synthetic, and plant-based.

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Regional outlook

North America and Asia-Pacific along with Europe and ROW or Rest of the World are the major markets for pet food ingredients globally.

North America is the most lucrative market for pet food ingredients and is expected to experience higher growth in the coming years, supported by growing health concerns among pet owners with outbreak of various diseases and ailments. The high standard of living along with the increase in humanization of pets, especially in Canada and the United States, has induced significant growth in the pet food ingredients market. The growing influence of the internet and social media has increased the level of awareness among pet owners about the various ingredients in pet food, which has led to higher demand in the region.

APAC is on track to experience the highest growth rate, in line with the increasing purchasing power of pet owners who are more than willing to spend on pet food with rich nutritional content. Japan is currently the region’s largest market, as the country has a large pool of health-conscious pet owners. Regional vendors offer discounted products to capture customers’ attention. Rising preference for premium pet food products in the region owing to the growing popularity of natural products can also be a significant growth driver in the regional market over the coming years.

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Prominent competitors

Some of the major competitors in the market are Omega Protein Corp. (United States), Cargill, Inc. (United States), DSM NV (Netherlands), Roquette Frères (France), John Pointon & Sons Ltd. (UK), SunOpta (Canada), Ingredion, Inc. (USA), Archer Daniels Midland Co. (USA), DowDuPont, Inc. (USA), BASF SE (Germany), for n to name a few.

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and if necessary, we will review Covid19 footprints for better market and industry analysis. Kindly get in touch for more details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

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