Market Insights and Analysis: Global Pet Food Ingredients Market Overview and Projections (2024-2030)
The Global Pet Food Ingredients Market size was valued at around USD 32.12 billion in 2023 and is projected to grow at a CAGR of around 7.1% during the forecast period, i.e., 2024-30. Most of the market expansion would be propelled by the mounting adoption of pets worldwide, especially among nuclear families, childless couples, singles in apartments, and others, as a companion and emotional support, demonstrating a high demand for pet food for the balanced health of the animals.
Top leading companies in the Global Pet Food Ingredients Market includes:
Darling Ingredients Inc., Ingredion Incorporated, Omega Protein Corporation, Kemin Industries Inc., Chr. Hansen Holding A/S, Roquette Freres, Sariah A/S GMBH Co.KG, The Scoular Company, Phileo by Leasaffre, LaBudde Group Inc., Linkone Ingredients Solution, 3D Corporate Solutions, Hydrite Chemicals, Green Source Organics, Vivitiva DOO, AFB International, Symrise AG, Zinpro Corporations, Kerry Group Plc., Foodsafe Technologies.
Global Pet Food Ingredients Market Driver:
Rising Pet Ownership Driving Market Growth – The Global Pet Food Ingredients Market is developing at a rapid pace because of increased pet ownership. Most families around the world have pets, augmenting demand for top-rate pet meals that satisfy the dietary requirements of the pets. Pet owners are increasingly choosing premium, herbal, and special pet food items with top-class ingredients because of their increased recognition of the fitness and well-being of their animals. Pet owners constantly search out products for their animals that can be similar to human dietary necessities and consist of ingredients like excessive protein meats, cereals, vegetables, and useful components that support overall wellness. Such conduct of pet owners is paving the strong direction for the revenue growth of the Pet Food Ingredients Industry.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Pet
-Dog
-Cat
-Fish
-Others (Rabbit, Bird etc.)
By Form
-Wet
-Dry
By Ingredients
-Cereals
-Maize
-Barley
-Wheat
-Oats
-Meat Meat Products
-Animal Meat
-Animal Part Bone Meal
-Fats
-Animal Fat
-Plant Fat
-Additives
-Vitamin Minerals
-Flavours
-Antimicrobials
-Others (Antioxidants, Preservatives, etc.).
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Global Pet Food Ingredients Market Geographic Reach:
The Geographic Reach of the Global Pet Food Ingredients Market evaluates the spread and significance of Global Pet Food Ingredients market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Italy, Spain, Russia, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East Africa: Saudi Arabia, The UAE, Egypt, Turkey, South Africa, Rest of Middle East Africa.
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