About Pet Food Ingredients
Pet food is a plant or animal product such as meat which are used to feed pet animals. Pet Food Ingredients market includes fruits and vegetable, animal products and derivatives, grains and oilseeds, vitamins and minerals. Pet food ingredients are rich source of calcium, fiber, protein, carbohydrates and other micronutrients. It also constitutes of Omega 3 and Omega 6 fatty acids which are essential for animal metabolism and digestion. Pet food manufacturers use various types of ingredients for pet feeding in order to provide a complete whole diet to the pets. Check more insightful analysis on "
Pet Oral Care Products Market Sizing and Growth Outlook".
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Pet Food Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill, Incorporated (United States), Archer Daniels Midland Company (United States), BASF SE (Germany), DuPont (United States), Ingredion Incorporated (United States), Bluestar Adisseo Company (China), Darling Ingredients (United States), Omega Protein Corporation (United States), Chr. Hansen (Denmark) and Roquette Frères (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sunopta (Canada), Lallemand (Canada), Lesaffre Group (France), Lauridsen Group Inc. (United States), Nutreco N.V. (Netherlands), The Scoular Company (United States) and Kemin Industries, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Pet Food Ingredients market by and Region.
On the basis of geography, the market of Pet Food Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Form, the sub-segment i.e. Dry will boost the Pet Food Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Amino acids will boost the Pet Food Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Pet Food Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pet Type, the sub-segment i.e. Dog will boost the Pet Food Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Synthetic will boost the Pet Food Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increased Demand for Animal-Based Products in Humans and Rising Demand of High-Quality Diets by Pet Owner
Challenges:
Capital Investments for Equipment and Threat from Counterfeit Products
Restraints:
Potential of Infection and Disease Transmitted From Pet Animals
Opportunities:
Increasing Health and Awareness in Society and Increasing Health Problems in Animals and Rise in Number of Pet Population
Market Leaders and their expansionary development strategies
In January 2020, Darling Ingredients acquired EnviroFlight, LLC, which is owned by Intrexon Corporation, to expand in the animal feed market which includes pet food ingredients by providing an environment-friendly, toxin-free, sustainable source of high-value nutrients.
In 2020, DuPont Nutrition & Health has announced to open a new animal nutrition manufacturing industry in China. This new manufacturing plant will offer the local animal production industry customized solutions as per DuPont’s global quality standards and advanced technology.
The Federal Food, Drugs, and Cosmetics Act of 1938 (FFDCA) requires that animal foods, including pet food, be safe to consume and manufactured under hygienic conditions. Food must contain no hazardous substances and must be approximated. The Food Safety Modernization Act of 2010 (FSMA) introduced guidelines regarding certification, sterilization, hygiene, and labeling for US companion animal food manufacturers.
Key Target Audience
Pet Food Ingredients Manufacturers, Raw Material Suppliers, Potential Investors, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.