Pet Food Ingredients Market worth $40.13 billion by 2030, growing at a CAGR of 6.09% - Exclusive Report by 360iResearch

The "Pet Food Ingredients Market by Type (Additives, Cereals, Fats), Pet (Cat, Dog, Fish), Form, Source, Function, Distributor, Sales Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Pet Food Ingredients Market to grow from USD 26.51 billion in 2023 to USD 40.13 billion by 2030, at a CAGR of 6.09%.

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Pet food ingredients are substances used in pet foods, treats, and supplements. They include proteins, carbohydrates, fats and oils, minerals, vitamins, and other additives such as preservatives and colors. Although the ingredients used in pet meals vary significantly depending on the product type and producer, all pet food products should adhere to a set of nutritional standards established by the Association of American Feed Control Officials to be marketed as complete pet food or treat. Additionally, many manufacturers are beginning to use natural or organic ingredients to appeal to consumers' health-conscious purchasing habits. Essential nutrients via different food ingredients are crucial for pets as they fulfill specific roles and meet the nutritional requirements necessary for their overall health and well-being. The rising number of pet adoptions and pet population, growing pet humanization, and surging need for palatability improvement are driving the growth of the pet food ingredients market. However, counterfeit products, stringent rules and regulations, and sourcing limitations may hinder market growth. Nevertheless, the emerging novel startups with customized solutions, the rise in adoption of premium pet foods, and the introduction of unknown ingredients may overcome this challenge and expand the market growth. Moreover, the shifting trends toward homemade pet foods and gourmet food create a lucrative spectrum for the market in the forecast period.

The American pet food ingredients market represents significant growth prospects due to strong players, high adoption of pets, and surging novel startups in this domain. Moreover, there has been a shift toward premium pet foods due to increased awareness among American pet owners about the ingredients used in pet food products. Natural and organic ingredients are becoming increasingly significant in the United States due to their perceived pet health benefits. Premiumization has also been observed across the EMEA region due to stronger animal welfare regulations and increasing concern about allergies and health issues related to pet food ingredients. In the APAC region, pet owners are increasingly keen on understanding what is in their pets' food and are willing to pay more for healthier options. As incomes continue to rise, more people can afford premium brands, making it a lucrative market for high-quality pet foods and natural and organic ingredients.

Market Segmentation & Coverage:

This research report categorizes the Pet Food Ingredients Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Additives, Cereals, Fats, Meat & Meat Products, and Vegetables. The Additives is further studied across Enzymes and Vitamins & Minerals. The Cereals is further studied across Barley, Corn & Cornmeal, Fruits, Rice, and Wheat & Wheatmeal. The Fats is further studied across Fish Oil, Lard, Poultry Fat, Tallow, and Vegetable Oil. The Meat & Meat Products is further studied across Animal Digest, By-Product Meal, Deboned Meat, and Meat Meal. The Meat Meal is further studied across Fish Meal. The Vegetables is further studied across Carrots, Potatoes, and Soybean & Soybean Meal. The Fats is projected to witness significant market share during forecast period.

Based on Pet, market is studied across Cat, Dog, and Fish. The Fish is projected to witness significant market share during forecast period.

Based on Form, market is studied across Dry Ingredients and Liquid Ingredients. The Dry Ingredients is projected to witness significant market share during forecast period.

Based on Source, market is studied across Animal-Based, Plant-Based, and Synthetic. The Animal-Based is projected to witness significant market share during forecast period.

Based on Function, market is studied across Acidulants, Flavours, Natural Antimicrobials / Mold Inhibitors, Natural Antioxidant, Palatability Enhancer, Synthetic Antimicrobials/Mold Inhibitors, and Synthetic Antioxidant. The Synthetic Antioxidant is projected to witness significant market share during forecast period.

Based on Distributor, market is studied across Ingredient Suppliers and Renderers. The Ingredient Suppliers is projected to witness significant market share during forecast period.

Based on Sales Channel, market is studied across Hypermarkets, Internet Sales, and Specialized Pet Shops. The Internet Sales is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.35% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Pet Food Ingredients Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Pet Food Ingredients Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Pet Food Ingredients Market, highlighting leading vendors and their innovative profiles. These include AFB International, Alltech, Archer Daniels Midland Company, BASF SE, BENEO GmbH, Bentoli, Inc., Bioiberica S.A.U., Biorigin, Blue Buffalo Company, Ltd., Camlin Fine Sciences Limited, Cargill, Inc., Champion Petfoods LP, Corbion N.V., Darling Ingredients Inc., Dr. Harvey's, Elanco, FoodSafe Technologies, Grandma Lucy's LLC, Impextraco NV, Ingredion Incorporated, International Flavors & Fragrances Inc., Interquell GmbH, Kemin Industries, Inc., Kerry Group PLC, Koninklijke DSM N.V, Lallemand Inc., Nestlé S.A., Symrise, The Scoular Company, and Wellness Pet Company, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pet Food Ingredients Market, by Type
7. Pet Food Ingredients Market, by Pet
8. Pet Food Ingredients Market, by Form
9. Pet Food Ingredients Market, by Source
10. Pet Food Ingredients Market, by Function
11. Pet Food Ingredients Market, by Distributor
12. Pet Food Ingredients Market, by Sales Channel
13. Americas Pet Food Ingredients Market
14. Asia-Pacific Pet Food Ingredients Market
15. Europe, Middle East & Africa Pet Food Ingredients Market
16. Competitive Landscape
17. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Pet Food Ingredients Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Pet Food Ingredients Market?
3. What is the competitive strategic window for opportunities in the Pet Food Ingredients Market?
4. What are the technology trends and regulatory frameworks in the Pet Food Ingredients Market?
5. What is the market share of the leading vendors in the Pet Food Ingredients Market?
6. What modes and strategic moves are considered suitable for entering the Pet Food Ingredients Market?

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