Pet food ingredients market to be worth $47.4 billion by 2028

Chicago, January 24, 2024 /PRNewswire/ — gave Pet food ingredients market It is estimated 34.2 billion US dollars More are expected to arrive in 2023. 47.4 billion US dollars to 2028, at a CAGR of 6.8% from 2023 to 2028, according to a report published by MarketsandMarkets™. The global pet food ingredients market has witnessed remarkable growth in recent years, driven by advances in pet nutrition research that have promoted the development of specialty ingredients that cater to specific nutritional needs. , has therefore contributed to the growth of the market. The dynamic nature of the industry reflects growing trends in pet ownership, with more people choosing pets and demanding premiums. Personal nutrition Solutions for their furry companions. Overall, the pet food ingredients sector is witnessing strong growth due to changing consumer preferences, better awareness of pet health, and the continued trend to humanize pets.

Download the PDF brochure:

Browse the in-depth TOC on “Pet Food Ingredients Market”.

360 – Tables
70 – Statistics
350 – pages

By form, dry ingredients are estimated to grow at the highest rate in the pet food ingredients market.

The global pet food ingredients market is witnessing significant growth in interest and investment, with dry ingredients emerging as a key driver of this growth. Dry pet food’s convenience and long shelf life have contributed to its popularity among pet owners, leading to continued market expansion. Additionally, the affordability and ease of storage make dry ingredients a preferred choice for both manufacturers and consumers. The suitability of dry pet food for different types of pets and nutritional requirements further fuels its market growth, offering the versatility to cater to a wide spectrum of pets. Increasing pet ownership, along with growing demand for convenient and affordable pet nutrition solutions, is driving the growth of the pet food ingredients market for dry ingredients.

In terms of meat and meat products, deboned meat accounted for the largest share in 2022 by value.

Pet owners are increasingly preferring premium nutrition for their animals, and deboned beef is known for its high-quality protein content, which is important for their general health. Additionally, the pet food business is responding to growing knowledge about pet allergies, and deboned beef, as a sole source protein, addresses concerns about food sensitivities. Deboned meat contains essential amino acids, which promote proper muscle growth in pets. This is especially good for busy or growing animals. The protein in deboned beef is highly digestible, allowing pets to absorb and use it efficiently, therefore benefiting their general health.

By pet, cats are estimated to grow at the highest rate in the pet food ingredients market.

Growing cat ownership drives demand for specialty and high-quality cat food ingredients. As more and more families welcome cats into their homes, there is an increased emphasis on providing proper nutrition to protect the health of these feline pets. Cat owners look for quality ingredients that reflect human dietary preferences, such as natural and healthy ingredients that are high in key nutrients. Growing knowledge about cat health and nutrition is leading to an expanding market, prompting pet owners to choose cat food options with high-quality ingredients. These factors combine to propel the rapid growth of the cat food ingredients industry.

Request sample pages:

gave Asia Pacific The region is likely to be the fastest growing in terms of value.

In the pet food ingredients market Asia Pacific The region is experiencing strong growth due to several key factors. The region is driving demand for premium and nutritionally advanced pet food ingredients. Additionally, a cultural shift toward the humanization of pets is influencing consumer preferences, with pet owners looking for high-quality ingredients that reflect their own dietary choices. Additionally, growing awareness of pet health and nutrition is a driving force, leading to increased demand for specialty and natural pet food ingredients. I users Asia Pacific are increasingly prioritizing the well-being of their pets, resulting in a preference for products rich in essential nutrients, vitamins and minerals. This trend coincides with a broader global movement toward all-natural and sustainably sourced pet food options. According to Alltech data, the region’s pet food production rose 1.65 percent to 2.48 million tons in 2022, from 2.27 million tons in 2021.

In summary, the growth of the pet food ingredients market in Asia Pacific The increase in pet ownership, a cultural shift toward the humanization of pets, and an increasing emphasis on pet health and nutrition have been driven forward.

Key Market Players

Key players in this market include BASF SE (GermanyDarling Ingredient Inc (US), Cargill, Incorporated (US), Ingredion (US), DSM (The NetherlandsOmega Protein Corporation (US) ADM (US), Kemin Industries, Inc. (US), Chr. Hansen Holding A/S (Denmark) Roquette Frères (France), Schooler Company (US), Symrise (Germany), movie (NorwayLallemand Inc. (Canada), and Phileo by Lesaffre (France).

Get 10% free customization on this report:

Browse Affiliate Markets @ Feed and Animal Nutrition Market Research Reports and consultations

Related Reports:

Wet pet food market By Pet (Dogs and Cats), Source (Animal-Based, Plant-Derived, and Synthetic), Distribution Channel (Pet Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, and Online) and Region – 2028 Global forecast up to

Pet food processing market By Type (Mixing & Blending Equipment, Equipment, Baking & Drying Equipment, Cooling Equipment, Coating Equipment), Form (Dry, Wet), Application (Dog Food, Cat Food, Fish Food) , and Region – Global Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ is recognized as a America’s Best Management Consulting Firms by Forbesaccording to their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging Main Machine’s offering to drive superhuman growth for progressive organizations in the B2B space. We have the broadest lens on emerging technologies, making us experts in co-creating extraordinary growth for clients.

Earlier this year, we made the transition to one of the best management consulting firms in America, according to a survey conducted by Forbes.

B2B is witnessing the emergence of the economy 25 trillion dollars New income streams that are replacing existing income streams in just this decade. We work with clients on development programs, helping them monetize it. 25 trillion dollars Opportunity through our service lines – TAM expansion, go-to-market (GTM) strategy execution, market share gain, account qualification, and thought leadership marketing.

Built on the principle of ‘give growth’, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are powered by our industry experts, the latest AI-powered market intelligence cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates interactive analysis through a set of applications, allowing clients to view the entire ecosystem and revenue within their industry. Helps to understand the changes.

To learn more, visit www.MarketsandMarkets™.com Or follow us. Twitter, LinkedIn And Facebook.

mr. Ashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
United States: +1-888-600-6441
E-mail: (email protected)
Research Insights:
Visit our website:
Content Source:


Source Markets and Markets

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top