Pet Food Additives Market Size, Competitive Landscape and Market Forecast - 2030

Market Overview:
Pet Food Additives Market were valued at USD YY million in 2023. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 9.87% during the forecast period (2023-2030).
Pet food additives are minor ingredients that ensure the stability of nutrients in the pet food diet. These additives are included to enhance food quality and ensure the food remains in good condition. The term additive can be applied to various ingredients, including essential nutrients such as vitamins and minerals that are important for the pet's health.
Feed additives are used in animal nutrition to achieve an effect on the feed, animals, and food products obtained from the animals consuming the feed additive or on the environment. Increasing consumer awareness about the nutritional value of pet food drives the market for pet food additives.

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Market Dynamics:
1. Increasing pet population and rising awareness about their health drives market growth
2. In the United States, 70 % of households owned a pet as of 2021, compared to 68 % in 2016.
3. Globally, dogs are the most popular pet worldwide. India has 32 million pets, and the population is growing at a rate of more than 12% per year.
4. According to the national pet owner's survey 2021-22 conducted by the American Pet Products Association (APPA), 70% of United States households or about 90.5 million families, own a pet.

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Market Segmentation:
• By Additive
o Mold Inhibitors *
o Antimicrobials
o Pellet Binders
o Grain Conditioners
o Toxin Binders
o Acidifiers
o Colorants
o Others
• By Functionality
o Preservation *
o Processing
o Nutrition
• By Pet Type
o Dogs*
o Cats
o Others

Company Profiles:
1. Altrafine Gums *
2. Balchem Inc
3. ADM
4. Bentoli, Inc
5. Caldic B.V.
6. Denes Natural Pet Care ltd
7. DSM
8. Kemin Industries, Inc
9. Nestlé
10. Hill's Pet Nutrition, Inc.

Trending Topics:
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Pet Food Extrusion Market: https://www.datamintelligence.com/research-report/pet-food-extrusion-market
Pet Food Ingredients Market: https://www.datamintelligence.com/research-report/pet-food-ingredients-market

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