Pet Food Ingredients Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Pet Food Ingredients Market Size- By Ingredients, By Pet, By Form, By Nature- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: FOOD2415 | Pages: 1 - 224 | Formats*: |
| Category : Food & Beverages | |||
Pet Food Ingredients Market Introduction and Overview
According to SPER Market Research, the Global Pet Food Ingredients Market is estimated to reach USD 66.76 billion by 2033 with a CAGR of 7.09%.
The report includes an in-depth analysis of the Global Pet Food Ingredients Market, including market size and trends, product mix, applications, and supplier analysis. The components and raw materials used in the production of pet food are known as ingredients. These ingredients, which include dogs, cats, birds, reptiles, and small mammals, are carefully chosen to fulfil the nutritional needs of various pet species and to supply the essential nutrients. Ingredients for pet food might differ greatly in terms of their source, quality, and use.
- September 2023: Symrise opened a pilot plant for dry pet food in Elven, France. The plant has an R&D section with the goal of measuring palatability performance, conducting laboratory investigations, and comprehending the dry pet food production process.
- July 2023: Symrise changed the name of their pet feeding ingredients brand to "Nuvin". The company's offers in chicken, eggs, hydrolyzed protein, and other pet health solutions were intended to be strengthened by this.
Market Opportunities and Challenges
Global pet adoption has increased as a result of the growing consumer awareness of the health-specific demands of pets and the work-from-home trend. The rise in work-from-home opportunities has allowed pet parents to develop stronger bonds with their animals and view them as members of their family. Because varied nutrients is needed for creatures that are inactive, spayed, sick, or very active, this leads to taking care of the individual demands of pets and becoming more conscious of their nutritional needs. The pet industry's need for high-quality pet food is fuelled by these considerations. The growing trend of pet humanization has given rise to a multitude of brands that sell food that is suitable for humans for dogs and cats.
The limited supply of ingredients combined with consumer price sensitivity presents a significant barrier for the pet food ingredients sector. A few essential elements may become scarce due to the growing need for high-quality and diverse substances; this will make it more difficult to satisfy the growing demands of the market. This limited availability is caused by a number of factors, including seasonal variations in crop yields, supply chain disruptions due to geopolitical concerns, and limited availability of certain substances produced from animals. Both pet food producers and owners face difficulties as a result of consumers' price sensitivity. Prices for pet food items may rise as a result of higher expenses related to locating and processing quality ingredients. This might potentially hinder market growth if cost-conscious buyers choose less expensive options or cut back on their overall pet food purchasing.
Market Competitive Landscape
These market players are placing a strong emphasis on partnering and entering into agreements to increase their footprint. The major players in the Global Pet Food Ingredients Market include: AFB International, Alltech, Biorigin, DuPont Nutrition & Health, Elanco, Eurotec Nutrition, FoodSafe Technologies, Impextraco Ltda Brazil, Pancosma, Symrise.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Ingredients, By Pet, By Form, By Nature |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | AFB International, Alltech, Biorigin, DuPont Nutrition & Health, Elanco, Eurotec Nutrition, FoodSafe Technologies, Impextraco Ltda Brazil, Pancosma, Symrise |
COVID-19 Impact on Global Pet Food Ingredients Market
The demand for pet food ingredients rising as there is adoption of pets worldwide and the humanization of pets as a result of the work-from-home trend, which has changed consumer perceptions of the pets' nutritional needs. The market for pet food components grew as a result of the COVID-19 outbreak. Since the majority of people adopted pets during the epidemic, sales of components for pet food increased. This increase in sales occurred during the initial lockdown, when people stocked up on food in case there were further shortages. During the epidemic, pet owners were able to spend more time with their animals, which contributed to the developing trend of pet humanization.
Key Target Audience:
- Pet food ingredients traders, retailers, and distributors
- Pet food ingredients manufacturers & suppliers
- Related government authorities, commercial research & development (R&D) institutions.
- Regulatory bodies, including government agencies and NGOs
- Commercial research & development (R&D) institutions and financial institutions.
- Government and research organizations.
- Venture capitalists and investors.
- Technology providers to pet food ingredients and pet food ingredients companies.
- Associations and industry bodies. 
Our in-depth analysis of the Pet Food Ingredients Market includes the following segments:
| By Ingredients: |
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| By Pet: |
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| By Form: |
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| By Nature: |
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Key Topics Covered in the Report:
- Global Pet Food Ingredients Market Size (FY’2023-FY’2033)
- Overview of Global Pet Food Ingredients Market
- Segmentation of Global Pet Food Ingredients Market By Ingredients (Meat & Meat Products, Fruits & Vegetables, Fats, Additives)
- Segmentation of Global Pet Food Ingredients Market By Pet ( Dogs, Fish, Cat)
- Segmentation of Global Pet Food Ingredients Market By Form ( Dry, Wet )
- Segmentation of Global Pet Food Ingredients Market By Nature ( Organic & Inorganic)
- Statistical Snap of Global Pet Food Ingredients Market
- Expansion Analysis of Global Pet Food Ingredients Market
- Problems and Obstacles in Global Pet Food Ingredients Market
- Competitive Landscape in the Global Pet Food Ingredients Market
- Impact of COVID-19 and Demonetization on Global Pet Food Ingredients Market
- Details on Current Investment in Global Pet Food Ingredients Market
- Competitive Analysis of Global Pet Food Ingredients Market
- Prominent Players in the Global Pet Food Ingredients Market
- SWOT Analysis of Global Pet Food Ingredients Market
- Global Pet Food Ingredients Market Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Pet Food Ingredients Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Pet Food Ingredients Market Manufacturing Base Distribution, Sales Area, Ingredients6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Pet Food Ingredients Market
7. Global Pet Food Ingredients Market , By Ingredients (USD Million)
7.1. Global Pet Food Ingredients Market Value Share and Forecast, By Ingredients 2023-20337.2. Additives7.3. Fats7.4. Fruits and Vegetables7.5. Meat & Meat Products Cereals
8. Global Pet Food Ingredients Market , By Pet (USD Million)
8.1. Global Pet Food Ingredients Market Value Share and Forecast, By Pet 2023-20338.2. Cat8.3. Dog8.4. Fish8.5. Others Pets
9. Global Pet Food Ingredients Market , By Form (USD Million)
9.1. Global Pet Food Ingredients Market Size Value Share and Forecast, By Form 2023-20339.2. Dry9.3. Wet
10. Global Pet Food Ingredients Market , By Nature (USD Million)
10.1. Global Pet Food Ingredients Market Size Value Share and Forecast, By Nature 2023-203310.2. In-organic10.3. Organic
11. Global Pet Food Ingredients Market , Forecast, 2019-2033 (USD Million)
11.1. Global Pet Food Ingredients Market Size and Market Share
12. Global Pet Food Ingredients Market , By Ingredients 2019-2033 (USD Million)
12.1. Global Pet Food Ingredients Market Size and Market Share, By Ingredients (2019-2026)12.2. Global Pet Food Ingredients Market Size and Market Share, By Ingredients (2027-2033)
13. Global Pet Food Ingredients Market , By Pet 2019-2033 (USD Million)
13.1. Global Pet Food Ingredients Market Size and Market Share, By Pet (2019-2026)13.2. Global Pet Food Ingredients Market Size and Market Share, By Pet (2027-2033)
14. Global Pet Food Ingredients Market , By Form 2019-2033 (USD Million)
14.1. Global Pet Food Ingredients Market Size and Market Share, By Form (2019-2026)14.2. Global Pet Food Ingredients Market Size and Market Share, By Form (2027-2033
15. Global Pet Food Ingredients Market , By Nature 2019-2033 (USD Million)
15.1. Global Pet Food Ingredients Market Size and Market Share, By Nature (2019-2026)15.2. Global Pet Food Ingredients Market Size and Market Share, By Nature (2027-2033
16. Global Pet Food Ingredients Market , By Region, 2019-2033 (USD Million)
16.1. Global Pet Food Ingredients Market Size and Market Share, By Region (2019-2026)16.2. Global Pet Food Ingredients Market Size and Market Share, By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. AFB International17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Alltech17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Biorigin17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. DuPont Nutrition & Health17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Elanco17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Eurotec Nutrition17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Food Safe Technologies17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Impextraco Ltda Brazil17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Pancosma17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Symrise17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Pet Food Ingredients Market is projected to reach USD 66.76 Billion by 2033, growing at a CAGR of 7.09% during the forecast period.
Pet Food Ingredients Market grew in market size from 2023. The Market is expected to reach USD 66.76 Billion by 2033, at a CAGR of 7.09% during the forecast period.
Pet Food Ingredients Market CAGR of 7.09% during the forecast period.
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Pet Food Ingredients Market size is USD 66.76 Billion from 2023 to 2033.
Pet Food Ingredients Market Segment is Covered By Ingredients, By Pet, By Form, By Nature
The North America region is anticipated to have the highest market share in Pet Food Ingredients Market.
The key players in the market include Companies Covered Cumulus Media Inc., Division of Labor, Gumas, iHeartMedia Inc., Jacob Tyler, Kiosk, National Public Radio Inc., Entercom Communications Corp., Sirius XM Radio Inc., Strategic Media Inc., The Radio Agency, Others
A few essential elements may become scarce due to the growing need for high-quality and diverse substances; this will make it more difficult to satisfy the growing demands of the market.
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