The pet food ingredients market is expected to grow from USD 38.6 billion in 2020 to USD 63.88 billion by 2028, at a CAGR of 6.5% during the forecast period 2021-2028.
Pet food is usually sold in pet stores and supermarkets and is generally specific to animal species, such as dog food or cat food. Most of the meat used for animals is a by-product of the human food industry and is not considered a human system. When pet food manufacturers formulate and produce pet food, there are two ways to determine the food level. The first and most accurate method is to conduct a laboratory analysis of the final product. The proximate analysis is a commonly used test board that provides information about a selection of nutrients. The laboratory procedures included in the comparative analysis provide the percentages of moisture, crude protein, crude fat, ash (minerals), and fiber present in the food.
The factor that drives the market is the increase in pet spending significantly increases pet food expenditures. Besides the rise in pet numbers, the global pet food industry has also expanded due to increased spending by pet owners on various pet food products. The increase in pet ownership and the increase in spending on pet food are expected to increase the demand for pet food worldwide. The non-uniformity of regulations hindering international trade is the restraining factor of this market. Government watchdog agencies in Europe and North America have strict rules compared to the rest of the regions. Laws regarding pet food ingredients such as preservatives, ethoxyquin vary in different countries. The use of cannabis is an opportunity for this market. The use of hemp in pet food treatments is gaining popularity as regulations become less stringent. Hemp-based pet food is available in concentrates, isolates, and synthetic forms. The challenge faced by this market is that pet food manufacturers require high capital investment to install various types of machinery and equipment. This equipment has high installation costs and requires timely maintenance, which is an additional cost.
This study delivers a comprehensive analysis of type, source, ingredients, form and region. The type segment includes cats, dogs and fish. Dogs are the most common pet food to be adopted, and the major players focus on providing pet food for them to gain a large share of the pet food ingredients market.The source segment includesplant-based, animal-based and synthetic. The animal-based source has the largest share in the market. Ingredients segment includes Cereals, Fruits, Vegetables, Meat & Meat Products, Fats and Additives. Cereals lead the market. Form segment consists of wet and dry ingredients. The products with the dry form of components lead the market as most pets prefer dry food.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. South America holds the largest market share.and will be dominating the market during the forecast period. Japan is expected to witness significant growth, owing to the increasing population, rising disposable income, and increasing humanism in the area. The market is shifting from mass market to premium products due to increasing consumer preferences for natural products.The Asia-Pacific region is anticipated to moderately grow and hold the second largest share in China. The middle-income population chooses to invest more in their pets rather than having children.
Some of the notable players in the market are Incorporated (U.S.), Archer Daniels Midland Company, DuPont, BASF SE, Cargill and Ingredion Incorporated. Various ideas like expansions, mergers and acquisitions, and new product launches have been adopted by major companies to remain competitive in this market.
Pet Food Ingredients Market Analysis and Forecast, Type
Pet Food Ingredients Market Analysis and Forecast, Source
Pet Food Ingredients Market Analysis and Forecast, Ingredient
Pet Food Ingredients Market Analysis and Forecast, Form
Pet Food Ingredients Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Source
4.3.3. Market Attractiveness Analysis By Ingredients
4.3.4. Market Attractiveness Analysis By Form
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increase in pet food expenditure
5.2.2. Growing pet adoption across the globe
5.2.3. Switch from mass sources to organic pet food ingredients
5.2.4. Acceptance of insect based oils and proteins in the ingredients
5.3. Restraints
5.3.1. Non-uniformity of regulations hindering international trade
5.4. Opportunities
5.4.1. Use of cannabis
5.5. Challenges
5.5.1. Pet food manufacturers require high capital investment
6. Global Pet Food Ingredient Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Cat
6.3. Dog
6.4. Fish
7. Global Pet Food Ingredient Market Analysis and Forecast, By Source
7.1. Segment Overview
7.2. Plant-based
7.3. Animal-based
7.4. Synthetic
8. Global Pet Food Ingredient Market Analysis and Forecast, By Ingredients
8.1. Segment Overview
8.2. Fruits
8.3. Cereals
8.4. Vegetables
8.5. Meat & Meat Sources
8.6. Fats
8.7. Additives
9. Global Pet Food Ingredient Market Analysis and Forecast, By Form
9.1. Dry
9.2. Wet
10. Global Pet Food Ingredient Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Pet Food Ingredient Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Pet Food Ingredient Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Source Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Incorporated
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Source Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Archer Daniels Midland Company
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Source Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. DuPont
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Source Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. BASF SE
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Source Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Cargil
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Source Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Ingredion Incorporated
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Source Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
List of Table
1. Global Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
2. Global Cat, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
3. Global Dog, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
4. Global Fish, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
5. Global Pet Food Ingredient Market, BySource, 2018 - 2028 (USD Billion)
6. Global Plant – based, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
7. Global Animal – based, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
8. Global Synthetic, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
9. Global Pet Food Ingredient Market, By Ingredient, 2018 - 2028 (USD Billion)
10. Global Cereals, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
11. Global Fruits, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
12. Global Vegetables, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
13. Global Meat & Meat Products, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
14. Global Fats, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
15. Global Additives, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
16. Global Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
17. Global Wet, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
18. Global Dry, Pet Food Ingredient Market, By Region, 2018 - 2028 (USD Billion)
19. North America Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
20. North America Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
21. North America Pet Food Ingredient Market, By Ingredient, 2018 - 2028 (USD Billion)
22. North America Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
23. U.S. Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
24. U.S. Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
25. U.S. Pet Food Ingredient Market, By Ingredient, 2018 - 2028 (USD Billion)
26. U.S. Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
27. Canada Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
28. CanadaPet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
29. Canada Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
30. Canada Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
31. Mexico Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
32. Mexico Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
33. Mexico Pet Food Ingredient Market, ByIngredients, 2018 - 2028 (USD Billion)
34. Mexico Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
35. Europe Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
36. Europe Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
37. Europe Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
38. Europe Pet Food Ingredient Market, ByForm, 2018 - 2028 (USD Billion)
39. Germany Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
40. Germany Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
41. Germany Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
42. Germany Pet Food Ingredient Market, ByForm, 2018 - 2028 (USD Billion)
43. France Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
44. France Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
45. France Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
46. France Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
47. U.K. Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
48. U.K. Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
49. U.K. Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
50. U.K. Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
51. Italy Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
52. Italy Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
53. Italy Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
54. Italy Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
55. Spain Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
56. Spain Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
57. Spain Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
58. Spain Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
59. Asia Pacific Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
60. Asia Pacific Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
61. Asia Pacific Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
62. Asia Pacific Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
63. Japan Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
64. Japan Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
65. Japan Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
66. Japan Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
67. China Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
68. China Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
69. China Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
70. China Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
71. India Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
72. India Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
73. India Pet Food Ingredient Market, ByIngredients, 2018 - 2028 (USD Billion)
74. India Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
75. South America Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
76. South America Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
77. South America Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
78. South America Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
79. Brazil Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
80. Brazil Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
81. Brazil Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
82. Brazil Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
83. Middle East and Africa Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
84. Middle East and Africa Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
85. Middle East and Africa Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
86. Middle East and Africa Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
87. UAE Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
88. UAE Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
89. UAE Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
90. UAE Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
91. South Africa Pet Food Ingredient Market, By Type, 2018 - 2028 (USD Billion)
92. South Africa Pet Food Ingredient Market, By Source, 2018 - 2028 (USD Billion)
93. South Africa Pet Food Ingredient Market, By Ingredients, 2018 - 2028 (USD Billion)
94. South Africa Pet Food Ingredient Market, By Form, 2018 - 2028 (USD Billion)
List of Figures
1. Global Pet Food Ingredient Market Segmentation
2. Global Pet Food Ingredient Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Pet Food Ingredient Market Attractiveness Analysis By Type
9. Global Pet Food Ingredient Market Attractiveness Analysis By Source
10. Global Pet Food Ingredient Market Attractiveness Analysis By Ingredients
11. Global Pet Food Ingredient Market Attractiveness Analysis By Form
12. Global Pet Food Ingredient Market Attractiveness Analysis By Region
13. Global Pet Food Ingredient Market: Dynamics
14. Global Pet Food Ingredient Market Share by Type(2021 & 2028)
15. Global Pet Food Ingredient Market Share by Source (2021 & 2028)
16. Global Pet Food Ingredient Market Share by Ingredients (2021 & 2028)
17. Global Pet Food Ingredient Market Share by Form (2021 & 2028)
18. Global Pet Food Ingredient Market Share by Regions (2021 & 2028)
19. Global Pet Food Ingredient Market Share by Company (2020)
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