Global Pet Food Ingredients Market Size study & Forecast, by Ingredient (Meat & Meat Products, Cereals, Vegetables & Fruits, Fats, and Additives), by Source (Animal-based, Plant Derivatives, and Synthetic), by Pet (Dogs, Cats, Fish and others) and Regional Analysis, 2023-2030

October 2023 | 200 pages | ID: GD7A0DEAE641EN
Bizwit Research & Consulting LLP

Abstracts

Global Pet Food Ingredients Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Pet food ingredients play a crucial role in enhancing the nutritional value of pet food products, ensuring that pet animals receive the necessary proteins, carbohydrates, fats, vitamins, minerals, and water to meet their dietary requirements. These ingredients are used in a variety of pet food products catering to different animals, including dogs, cats, fish, rabbits, birds, and horses.

The pet food ingredient market is experiencing notable growth due to the growing awareness among pet owners about the importance of pet nutrition. Pet owners are increasingly conscious of providing their pets with high-quality and nutritionally balanced food, which has led to a surge in demand for premium pet food ingredients. Additionally, the rising trend of pet humanization, where pets are considered part of the family, has further contributed to increased spending on pet food ingredients that promote health and well-being. The pet food industry has experienced significant shifts in consumer preferences, with a growing focus on organic and premium products. According to industry expert, U.S. pet food manufacturers utilize approximately 8.65 million tons of animal- and plant-based ingredients to produce dog and cat food that provides complete nutrition for pets. The estimated value of these ingredients amounts to USD 6.9 billion.

These ingredients play a crucial role in formulating pet food products that meet the specific nutritional needs of dogs and cats. They encompass a wide range of animal-based and plant-based sources, including proteins, carbohydrates, fats, vitamins, minerals, and other essential nutrients. Through careful selection and formulation, pet food manufacturers ensure that these ingredients come together to create balanced and nutritionally complete diets for pets.

The key regions considered for the Global Pet Food Ingredients Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is a significant market for pet food ingredients, driven by a high pet ownership rate and the increasing demand for premium and organic pet food products. The United States holds a dominant position in the market due to a large pet population and a growing focus on pet health and nutrition. The Asia Pacific region is witnessing rapid growth in the pet food ingredients market, driven by increasing pet ownership, urbanization, and rising disposable incomes. Countries such as China, Japan, and India are major contributors to the market. The growing awareness of pet health and nutrition, along with the demand for premium pet food, fuels the market's expansion in this region.

Major market player included in this report are:

BASF SE (Germany)

Darling Ingredients Inc. (US)

Cargill (US)

Ingredion (US)

DSM (Netherlands)

Omega Protein Corporation (US)

ADM (US)

Kemin Industries Inc. (US)

Chr. Hansen Holding A/S (Denmark)

Roquette Fr?res (France)

Recent Developments in the Market:

• In July 2022, BASF SE, a leading company based in Germany, unveiled its plans to expand its vitamin A formulation plant specifically catering to animal nutrition. The aim of this strategic initiative was to strengthen and solidify BASF's market position as a prominent leader in the industry.
• In June 2022, DSM, a renowned company based in the Netherlands, completed the acquisition of Prodap, a prominent animal nutrition technology company based in Brazil. The strategic acquisition aimed to bolster DSM's research and development (R&D) capabilities and technological expertise within the animal nutrition industry.
• In May 2022, Darling Ingredients Inc., a prominent US-based company, successfully finalized its acquisition of Valley Proteins, a leading producer of animal-based fats and by-product meals also based in the US. This strategic move aimed to bolster Darling Ingredients' product portfolio and enhance its ability to effectively meet the growing demand in the industry.

Global Pet Food Ingredients Market Report Scope:

• Historical Data – 2020 - 2021
• Base Year for Estimation – 2022
• Forecast period - 2023-2030
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Segments Covered – Ingredient, Source, Pet, Region
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Ingredient:

Meat & meat products

Cereals

Vegetables & fruits

Fats

Additives

By Source:

Animal-based

Plant derivatives

Synthetic

By Pet:

Dogs

Cats

Fish

Other pets

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa

Contents

CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Pet Food Ingredients Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Pet Food Ingredients Market, by Ingredient, 2020-2030 (USD Billion)
  1.2.3. Pet Food Ingredients Market, by Source, 2020-2030 (USD Billion)
  1.2.4. Pet Food Ingredients Market, by Pet, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL PET FOOD INGREDIENTS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL PET FOOD INGREDIENTS MARKET DYNAMICS

3.1. Pet Food Ingredients Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising pet adoption among urban population
    3.1.1.2. Increasing trend of pet humanization to drive demand for premium pet products.
  3.1.2. Market Challenges
    3.1.2.1. Non-uniformity of regulations hindering international trade
    3.1.2.2. Competition from Homemade and Natural Diets
  3.1.3. Market Opportunities
    3.1.3.1. Use of cannabis in pet food

CHAPTER 4. GLOBAL PET FOOD INGREDIENTS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL PET FOOD INGREDIENTS MARKET, BY INGREDIENT

5.1. Market Snapshot
5.2. Global Pet Food Ingredients Market by Ingredient, Performance - Potential Analysis
5.3. Global Pet Food Ingredients Market Estimates & Forecasts by Ingredient 2020-2030 (USD Billion)
5.4. Pet Food Ingredients Market, Sub Segment Analysis
  5.4.1. Meat & meat products
  5.4.2. Cereals
  5.4.3. Vegetables & fruits
  5.4.4. Fats
  5.4.5. Additives

CHAPTER 6. GLOBAL PET FOOD INGREDIENTS MARKET, BY SOURCE

6.1. Market Snapshot
6.2. Global Pet Food Ingredients Market by Source, Performance - Potential Analysis
6.3. Global Pet Food Ingredients Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
6.4. Pet Food Ingredients Market, Sub Segment Analysis
  6.4.1. Animal-based
  6.4.2. Plant derivatives
  6.4.3. Synthetic

CHAPTER 7. GLOBAL PET FOOD INGREDIENTS MARKET, BY PET

7.1. Market Snapshot
7.2. Global Pet Food Ingredients Market by Pet, Performance - Potential Analysis
7.3. Global Pet Food Ingredients Market Estimates & Forecasts by Pet 2020-2030 (USD Billion)
7.4. Pet Food Ingredients Market, Sub Segment Analysis
  7.4.1. Dogs
  7.4.2. Cats
  7.4.3. Fish
  7.4.4. Other pets

CHAPTER 8. GLOBAL PET FOOD INGREDIENTS MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Pet Food Ingredients Market, Regional Market Snapshot
8.4. North America Pet Food Ingredients Market
  8.4.1. U.S. Pet Food Ingredients Market
    8.4.1.1. Ingredient breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Source breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Pet breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Pet Food Ingredients Market
8.5. Europe Pet Food Ingredients Market Snapshot
  8.5.1. U.K. Pet Food Ingredients Market
  8.5.2. Germany Pet Food Ingredients Market
  8.5.3. France Pet Food Ingredients Market
  8.5.4. Spain Pet Food Ingredients Market
  8.5.5. Italy Pet Food Ingredients Market
  8.5.6. Rest of Europe Pet Food Ingredients Market
8.6. Asia-Pacific Pet Food Ingredients Market Snapshot
  8.6.1. China Pet Food Ingredients Market
  8.6.2. India Pet Food Ingredients Market
  8.6.3. Japan Pet Food Ingredients Market
  8.6.4. Australia Pet Food Ingredients Market
  8.6.5. South Korea Pet Food Ingredients Market
  8.6.6. Rest of Asia Pacific Pet Food Ingredients Market
8.7. Latin America Pet Food Ingredients Market Snapshot
  8.7.1. Brazil Pet Food Ingredients Market
  8.7.2. Mexico Pet Food Ingredients Market
8.8. Middle East & Africa Pet Food Ingredients Market
  8.8.1. Saudi Arabia Pet Food Ingredients Market
  8.8.2. South Africa Pet Food Ingredients Market
  8.8.3. Rest of Middle East & Africa Pet Food Ingredients Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. BASF SE (Germany)
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Darling Ingredients Inc. (US)
  9.3.3. Cargill (US)
  9.3.4. Ingredion (US)
  9.3.5. DSM (Netherlands)
  9.3.6. Omega Protein Corporation (US)
  9.3.7. ADM (US)
  9.3.8. Kemin Industries Inc. (US)
  9.3.9. Chr. Hansen Holding A/S (Denmark)
  9.3.10. Roquette Fr?res (France)

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption