Pet Food Ingredients market is primarily driven by rise in the adoption rate of pets across the globe and the growing demand for premium pet foods. The high-disposable income of the middle-class population has eventually increased the total spending capacity on pets. With the growing trend of keeping a pet as a companion of the owners and the rising health concerns of the pets will have a positive impact on the demand of the pet food market over the coming years. According to the Pet Food Industry, around 95% of the pet owners assumes their pets as a part of their family, thus emphasising on the importance of the quality in the pet food. The significant shift in the preference of the customer towards vegan and grain-free pet food products will boost the overall demand of the Global Pet Food Ingredient market. The easy availability of pet food products across different platforms such as retails shop, supermarkets and online stores will further accelerate the growth of the market. The key market players are largely focusing on product innovation such as introduction of vegan and grain-free pet food products in order to meet the changing demands of the pet owners.
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Pet Food is a specialty food for domesticated animals that is formulated as per their nutritional needs. The pet food generally contains a combination of protein, carbohydrates sources, vitamins, minerals, fats and preservatives, providing enrichment to the pet’s body. These pet foods are specially designed for different stages of life and helps in controlling specific health conditions such as heart disease, kidney disease and other diseases.
Read Full Report Description: Global Pet Food Ingredients Market Size by Form (Dry Pet Food Ingredient and Wet Pet Food Ingredient), By Ingredients (Meat & Meat products [Deboned Meat, Meat Meal, By-Product Meal, Animal Digest], Cereals [Corn & Cornmeal, Wheat & Wheat meal, Barley, Rice, Fruits], Vegetables [Potatoes, Carrots, Soybean & Soybean Meals], Fats [Fish Oil, Tallow, Lard, Poultry Fat, Vegetable Oil] and Additives [Vitamins & Minerals, Enzymes, other additives}), By Pet (Dog, Cat, Fish and Others), By Sources (Animal Derivatives, Plant Derivatives and Synthetic), By Region – Opportunities & Forecast, 2019-2026
Based on form, the Global Pet Food Ingredient market is segmented into Dry Pet Food Ingredient and Wet Pet Food Ingredient. The Dry Pet Food Ingredient segment is projected to grow at a higher CAGR during the forecast period owing to the remarkable properties such as cost-effective nature, low-moisture content and is convenience in terms of storage and feeding of pets. The changing lifestyle and the rising awareness about the organic dry pet food products will further surge the demand of the Global Pet Food market during the forecast period.
Based on Pet, the Global Pet Food Ingredient market is segmented into Dog, Cat, Fish and Others. The Dog food ingredient segment is anticipated to lead the market during the forecast period due to the increasing demand for premium dog products for different nations. The rising concern about pet health along with the expanding awareness about the benefits of commercial dog food will further complement the growth of the Global Pet Food ingredients market over the coming years. Moreover, the recent trend of pets at workplace is encouraging the adoption of pets, especially dogs, which will have a positive impact on the demand of the pet food ingredients across the globe.
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Based on Sources, the Global Pet Food Ingredient market is segmented into Animal derivates, Plant derivates and Synthetic. The Animal derivatives segment is projected to capture the highest market share during the forecast period due to its several advantages such as good source of protein, essential fatty acids, iron and vitamin. The animal derivatives increase the palatability of a product, improves the digestion and are enjoyed by cats and dogs.
Based on Ingredient, the Global Pet Food Ingredient market is segmented into Meat & Meat products, Cereals, Vegetables, Fats and Additives. The Meat & Meat product segment is expected to grow at a higher CAGR during the forecast period due to the growing trend for high protein pet food products across the globe. The Meat product are highly cost-effective and helps in maintain the overall health of the pet. The demand for premium quality meat ingredients is growing as the pet owners are increasingly focused on pet health and the food quality.
Various notable players operating in the market include Cargill, Incorporated, ADM, BASF SE, Darling Ingredients Inc., Omega Protein, Chr. Hansen Holding A/S, Roquette Frères, SunOpta, Lallemand, Nutreco, Saria A/S GmbH & Co. KG, The Scolular Company, Kemin Industries, Inc., Ingredion Incorporated among others.
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Based on the region, Rest of the World region including Brazil and Argentina is projected to grow at a higher market share during the forecast period owing to the increasing trend of pet humanization due to the high disposable income, changing demographic patterns and the significant shift in the consumers preference. The growing pet food consumption and pet pollution in these regions will create room for new opportunities in the market. All these factors will drive the demand of the Pet Food Ingredients market in this region.
The Global Pet Food Ingredients market has been segmented based on Form, ingredients, Pet, Sources and Key Regions. Based on Form, the market is segmented into Dry Pet Food Ingredient and Wet Pet Food Ingredient. Based on Ingredients, the market is segmented into Meat & Meat products, Cereals, Vegetables, Fats and Additives. Based on Pet, the market is segmented into Dog, Cat, Fish and Others. Based on Source, the market is segmented into Animal derivates, Plant derivates and Synthetic.
Global Pet Food Ingredients Market by Form
Global Pet Food Ingredients Market by Ingredient
Global Pet Food Ingredients Market by Pet
Global Pet Food Ingredients Market by Source
Global Pet Food Ingredients Market by Region
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