Pet Food Ingredients Market Size | Share | Growth Industry 2022-2028

The global pet food ingredients market size was valued at USD 63.0 billion in 2021 and is poised to grow at a significant CAGR of 6.8% during the forecast period 2022-28. A product of a plant or an animal, such as meat, that is used to feed companion animals is known as pet food. Ingredients for pet food include fruits, vegetables, animal products, cereals, oilseeds, vitamins, and minerals. Vitamins, fibre, protein, carbohydrates, and calcium are abundant in pet food ingredients. Particularly for dog food, grains and veggies are frequently included. Each element is essential for providing enrichment for the animal body. Meat is often thought to have a high protein level, and it also improves the flavour of the dish. The pre-market approval of certain ingredients, such as meat, poultry, and cereals, is not necessary. fatty acids omega 3 and omega 6, which are necessary for animal.

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Pet Food Ingredients Market Growth Factors:
The primary factor driving the global market for pet food ingredients is the rising cost of caring for pets and purchasing pet food in recent years. The worldwide pet food industry has been growing in tandem with the development in the number of pets since pet owners are spending more money on various types of pet food products. A rise in the adoption of dogs and cats, as well as the increasing focus on enhancing productivity and wellness, are some of the major market-moving factors. The production of the majority of safe animal meals now uses synthetic materials because they are accessible and affordable. The overall demand has increased as a result of the discernible shift in customer desire towards grain-free and vegan pet food products. High-quality protein feed ingredients, such as organic natural and gluten-free products, often demand premium raw materials, which dramatically increases the cost and should limit market expansion when compared to standard goods. More expensive pet meals usually contain chicken meal, a single-source animal protein that is significantly more expensive than poultry by-product meal. Despite this, the market for pet food ingredients is expected to see new opportunities for chemical products over the course of the forecast period due to growing societal health and awareness issues as well as expanding animal health concerns.

The global pet food ingredients market segmentation:
1) By Pet: Dog, Cat, Fish, Others (rabbits, birds, and horses)
2) By Ingredients: Cereals, Vegetables & Fruits, Fats, Meat and meat products, Additives
3) By Source: Synthetic, Plant-based, Animal-based
4) By Form: Dry, Wet

Pet Food Ingredients Market Regional Analysis:
North America is expected to experience the largest CAGR increase throughout the anticipated period, followed by Asia Pacific. Leading companies make investments in the launch of new goods for both domestic and foreign markets. The governments of Canada and the United States have provided strong institutional support for pet food, which has stimulated regional industrial development in North America.

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Key players in the pet food ingredients market report are BASF SE, Bluestar Adisseo Company, Darling Ingredients, Ingredion Incorporated, Omega Protein Corporation, Archer Daniels Midland Company, Cargill, Dowdupont, Hansen, Roquette Frères, Sunopta, Lallemand, Lesaffre Group

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