Press release
Postbiotic Pet Food Market Trend Analysis 2023-2030
Global Postbiotic Pet Food Market Surpasses USD 823.9 Million in 2022, Anticipates Striking USD 1,323.1 Million by 2030 with a 6.1% CAGRThe Global postbiotic pet food market witnessed substantial growth, reaching USD 823.9 million in 2022, and is projected to surge to USD 1,323.1 million by 2030, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period from 2023 to 2030.
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Pet Health and Market Surge
The surge in consumer awareness regarding pet health has become a catalyst for the growth of the postbiotic pet food market. Postbiotic supplements designed to provide beneficial compounds, including short-chain fatty acids and organic acids, are gaining prominence for supporting the immune system and digestive health of pets.
Preventive Healthcare and Demand Uptick
Pet owners' increasing focus on preventive healthcare for their animals is driving the demand for postbiotic pet food products. The expanding research on the benefits of postbiotics has further propelled market growth, as pet owners seek nutritionally balanced solutions to enhance the well-being of their beloved companions.
Fermentation Byproducts and Gut Health
The demand for postbiotics in pet nutrition is on the rise, driven by the positive effects of fermentation byproducts such as acetate, butyrate, and propionate on the gut health of pets. The combination of prebiotics and postbiotics is gaining traction for promoting gut health and supporting the digestive systems of pets.
Market Dynamics and Trends
Millennials Driving Adoption
The global trend of millennials adopting pets is a significant driver for market growth. In the United States, approximately 38% of people own cats, with the average family having two cats, as reported by the American Pet Products Association (APPA). Europe, with over 80 million pet-owning families, presents a robust market for high-quality pet food, particularly cat food.
Awareness and Concerns for Animal Health
Growing awareness among pet owners and farmers about the advantages of probiotics for animal health is creating opportunities for businesses in the probiotics manufacturing sector. Additionally, the rise in common senior health conditions in pets is prompting manufacturers and owners to prioritize nutrition-rich diets, leading to market opportunities for probiotics.
Company Initiatives for Education
Companies are investing in Research and Development (R&D) and awareness campaigns to educate customers about the benefits of probiotics in pets. For example, Skout's Honor launched the Peace & Harmony for Pets awareness campaign in April 2021, aiming to educate veterinarians, groomers, retailers, and pet parents about the natural power of probiotics in skincare for optimal pet health.
Challenges in Market Growth
Despite the promising growth, challenges persist in the form of potential side effects of postbiotics in pets. Some dogs may experience digestive discomfort, bloating, gas, diarrhea, constipation, or nausea when introduced to postbiotics. It is crucial to monitor pets for any negative reactions, and low-quality postbiotics may pose additional risks to animal health.
Market Segmentation Analysis
Segment Growth Driven by Dog Adoption
The global postbiotic pet food market, segmented by pet type, form, and region, shows substantial growth driven by the increasing adoption of dogs worldwide. With an estimated global pet population of 900 million in 2023, and China boasting the highest pet dog population in Asia at around 110 million, the segment is poised for growth.
Geographical Share
North America Dominates Due to Pet Ownership
The North American region leads in postbiotic pet food demand, attributed to the increasing pet ownership in developing countries such as the United States and Canada. With a total dog population of 76,811,305 and a cat population of 58,385,725 in the United States, the region sees substantial veterinary expenditure, fostering the demand for probiotics.
Key Companies
Major players in the global postbiotic pet food market include Royal Canin, Nestle Purina Pet Care Company, Mars Inc., Chr. Hansen, Kinglike DSM N.V., DowDuPont, Evonik Industries, Land O'Lakes, Lallemand, and Bluestar Adisseo Co.
Conclusion
As the global postbiotic pet food market continues its upward trajectory, driven by heightened consumer awareness, increasing adoption of pets, and innovative product launches, industry players are poised to navigate challenges and capitalize on opportunities, ensuring a thriving future for the market.
Related Reports:
Functional Pet Food Market: https://www.datamintelligence.com/research-report/functional-pet-food-market
Convenience Food Market: https://www.datamintelligence.com/research-report/convenience-food-market
High Protein Snacks Market: https://www.datamintelligence.com/research-report/high-protein-snacks-market
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