Global Pet Food Ingredients Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Pet Food Ingredients Market Overview:

The Pet Food Ingredients Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

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The Pet Food Ingredients Market report offers in-depth insights, revenue details, and other vital information regarding the global pet food ingredients market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The Pet Food Ingredients Market report offers insightful and detailed information regarding the various key players operating in the global pet food ingredients market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global pet food ingredients market report has been segmented based on source, form, animal, and region.

Pet foods can be plant or animal-based and intended for consumption by pets. Pet food mostly contains proteins, carbohydrates, vitamins, minerals, fats, and certain amounts of preservatives. Grains & vegetables are commonly used, especially for dog food.

Each ingredient plays a vital role in providing enrichment to the animal body. Meat is generally considered a good source of protein, and it also increases the product's taste.

Many ingredients such as meat, poultry, and grains are considered safe and do not require pre-market approval.

Increasing adoption of pets in developed and developing economies, growing awareness regarding the benefits of high-quality pet food, and rising demand for pet food are key factors driving the growth of the global pet food ingredients market.

Additionally, changing consumer lifestyles in developing countries, increasing disposable income, and increasing trend of pet humanization are other factors expected to boost the growth of the global pet food ingredients market over the forecast period.

However, the risk of infectious diseases due to the consumption of pet foods containing preservatives is a key factor restraining the growth of the global pet food ingredient market.

Additionally, the lower shelf life of organic pet foods and increasing demand for fresh food rather than that packaged foods are other factors expected to hamper the growth of the global pet food ingredients market over the forecast period.

The market in North America dominated the global pet food ingredients market, owing to the rising trend for pet humanization, and the growing demand for pet food products for healthy and better performance of pets in countries in the region.

The market in Europe accounted second-highest market share in terms of revenue, owing to growing awareness regarding animal health and nutrition, and rising demand for pets among individuals in the region.

The market in the Asia Pacific is expected to witness the fastest growth in terms of revenue and is projected to register the highest CAGR during the forecast period.

Pet Food Ingredients Market Segmentation:

Pet food ingredients market segmentation by source:

• Animal Derivatives
• Plant Derivatives
• Additives

Pet food ingredients market segmentation by form:

• Wet
• Dry

Pet food ingredients market segmentation by an animal:

• Dog
• Cat
• Bird
• Fish
• Others

Pet food ingredients market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa