Press release
Global Pet Food Ingredients Market Projected to Reach $68.3 Billion by 2033: Surge in Pet Ownership Sparks Demand for Quality Nutrition and Treats
Demand for pet food components is mostly being driven by an increase in pet ownership. The demand for non-discretionary and discretionary goods like treats, toys, and other food items is significantly impacted by the increase in pet ownership.
Millennials, senior citizens, and families with only one person have a disproportionately high percentage of homes with dogs. The market for pet food components is mostly driven by the rising number of households with cats and dogs as pets.
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The use of parabens is governed by the USA Food and Drug Administration (FDA). It is a preservative that is typically present in pet food ingredients, as well as pharmaceutical and cosmetic products. Reproductive, nervous, and developmental systems of animals may be harmed by endocrine-disrupting substances (EDCs) present in parabens.
Early research has revealed the presence of heavy metals and bisphenol A in pet food, as well as other endocrine-disrupting chemicals. Growing knowledge of the negative effects of preservatives may hinder sales of products that are used to make pet food ingredients. Commercial dog food sometimes contains preservatives such as butylated hydroxyanisole (BHT) and butylated hydroxytoluene (BHA). These are believed to contain chemicals that can lead to animal cancer.
Initiatives for optometry-related research and development are expected to get a sizable amount of financing. Customers are looking for pet food ingredients that are practical and efficient.
As a result, concerns about advanced product versions, such as the amount of ingredients in pet food, are not as important. As an illustration, contemporary innovation and technology have encouraged the development of appealing packaging, with quality serving as the primary consideration for consumer satisfaction.
Key Takeaways from the Pet Food Ingredients Report:
The Europe pet food ingredients market is anticipated to escalate at 5% CAGR over the forecast period.
Leading companies in the global pet food ingredients market are likely to account for around 20% to 25% of the total market share.
The North America pet food ingredients market is estimated to surge at an 5% CAGR over the forecast period.
The USA pet food ingredients market is set to create an absolute dollar opportunity of US$ 18.7 billion in the next ten years.
India pet food ingredients market is expected to witness growth at a CAGR of 7% in the assessment period.
"Over time, dog adoption has considerably escalated, especially in industrialized and developing countries. Need for pet food is predicted to surge quickly, which would benefit the market for pet food ingredients. Another element driving the market is increasing demand for premium dog food, which is supported by high maintenance costs," says a lead analyst at Future Market Insights.
Competition Landscape: Pet Food Ingredients
The global market for pet food ingredients is extremely competitive due to the fact that big pet food manufacturers are continually broadening their product offerings. They are using a wide variety of organic and inorganic strategies, including alliances, mergers, new product launches, construction of novel manufacturing facilities, and bolstering of distribution networks, to enhance their global footprint.
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Get More Valuable Insights into Pet Food Ingredients Market
In its latest offering, Future Market Insights offers a thorough study of the pet food ingredients market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.
The study provides compelling insights into the global pet food ingredients market ingredient type (starches, rice, dietary fiber, fruit ingredients, protein), animal type (dogs, cats, birds), nature (organic, conventional), product type (wet food, dry food, treats & chews), distribution channel (online, offline), and region.
Pet Food Ingredients Market Outlook by Category
By Ingredient Type:
Starches
Maize/Corn
Tapioca
Potato
Wheat
Rice
Whole Grains
Fruits and Vegetables
Seeds and Legumes
Dietary Fiber
Wheat
Rice
Bran
Potato
Legumes
Oats
Inulin
Nuts and Chicory Root
Fruit Ingredients
Apple
Cranberry
Blueberry
Other Fruit Ingredients
Protein
Sugar
Fructo-Oligosaccharides
Manna-oligosaccharide
Sorbitol
Propylene Glycol
Glycerol
By Animal Type:
Dogs
Cats
Birds
Others
By Nature:
Organic Pet Food Ingredients
Conventional Pet Food Ingredients
By Product Type:
Wet Food
Dry Food
Treats and Chews
Other Product Types (Frozen Food, Raw Food)
By Distribution Channel:
Online
Offline
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Obtain complete access the comprehensive reports featuring the most recent insights :
United States Pet Food Market :
https://www.futuremarketinsights.com/reports/united-states-pet-food-market
Fortified Foods Market :
https://www.futuremarketinsights.com/reports/fortified-food-market
Pea Protein Market :
https://www.futuremarketinsights.com/reports/pea-protein-market
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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