Market Definition
Pet food is animal feed manufactured especially for consumption by pets to meet their nutritional needs and maintain balanced health. These foods are specific to the animal type, breed, size, consumption needs, & other such parameters and are available in both wet & dry forms with ingredients like meat, meat byproducts, fats, additives like vitamins & minerals, & cereals like wheat, and grain, among others. With the high adoption rate for pets globally, the demand for such food products is mounting rapidly across distribution channels like pet stores & supermarkets, alongside online platforms.
Market Insights
The Global Pet Food Ingredients Market is projected to grow at a CAGR of around 6.43% during the forecast period, i.e., 2022-27. Most of the market expansion would be propelled by the mounting adoption of pets worldwide, especially among nuclear families, childless couples, singles in apartments, and others, as a companion and emotional support, demonstrating a high demand for pet food for the balanced health of the animals.
Besides, with the growing trends of pet humanization & high emphasis on feeding nutritional food, consumers are augmenting the demand for an extensive range of pet foods, catering to the requirements of different animals with diverse needs. For instance:
Moreover, spreading awareness among pet owners about the benefits & availability of pet food, such as the presence of nutrients like minerals, dietary fiber, carotenoids, & omega-3 fatty acids, among others, is hinting toward hiking sales & demand for these products. The same aspect is also generating growth opportunities for the players to increase their production & distribution capacities and cater to the burgeoning requirements globally.
Furthermore, the availability of an extensive range of pet food products depending on breeds, life stages, price points, ingredient preferences, disease conditions, and other needs is also playing a prominent role in shaping the industry dynamics across locations through 2027.
Market Segmentation
Based on Pet:
Of them all, Dogs hold the largest share in the Global Pet Food Ingredients Market, mainly due to the new era of humanization of pets and rising consciousness among people about their pets' health. Consequently, it is leading to the mounting demand for high-quality pet food that doesn't have contents like grain, dye, sugar, & other toxic additives. The emerging trend of humanization of dogs that cites an immense need for their superior maintenance & well-being is thus driving the sales of natural pet food & ingredients.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-2027 | |
| CAGR | 6.43% |
| Regions Covered | North America: The US, Canada, Mexico |
| South America: Brazil, Argentina, Rest of South America | |
| Europe: Germany, The UK, France, Italy, Spain, Russia, Rest of Europe | |
| Middle East & Africa: Saudi Arabia, The UAE, Egypt, Turkey, South Africa, Rest of Middle East & Africa | |
| Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific | |
| Key Companies Profiled |
Darling Ingredients Inc., Ingredion Incorporated, Omega Protein Corporation, Kemin Industries Inc., Chr. Hansen Holding A/S, Roquette Freres, Sariah A/S GMBH & Co.KG, The Scoular Company, Phileo by Leasaffre, LaBudde Group Inc., Linkone Ingredients Solution, 3D Corporate Solutions, Hydrite Chemicals, Green Source Organics, Vivitiva DOO, AFB International, Symrise AG, Zinpro Corporations, Kerry Group Plc., Foodsafe Technologies |
| Unit Denominations | USD Million/Billion |
In addition, especially during the pandemic, the world witnessed a rapid rise in dog adoption, which, in turn, made people spend more family time with them and surged the demand for healthy dog treats. Several pet food manufacturers are launching organic & breed-specific food with healthy ingredients rich to fulfill the nutritional requirements of the increasing number of dogs as pets, thereby fueling the overall market growth.
Based on Form:
Here, the dry form of pet food holds a significant market share since it is the most preferred choice of pet owners owing to its higher convenience & shelf-life than wet food. The firm texture of dry pet food allows pets to chew their food, which helps prevent tartar & plaque build-up or other oral diseases and thus aids in maintaining good dental hygiene. Moreover, its high moisture content keeps pets hydrated and provides health benefits to their urinary tract. Hence, due to these aspects, dry pet food is the clear leader in the Global Pet Food Ingredients Market.
