Pet Food Acidulants Market Booms with Natural Additive Demand and Functional Nutrition Trends

Pet Food Acidulants Market Size

The global Pet Food Acidulants market is projected to grow from US$ 685 million in 2024 to US$ 1028 million by 2030, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-35Y9406/Global_Pet_Food_Acidulants_Market_Insights_Forecast_to_2028

Pet medical care is the second largest segment in pet industry. In the UK, annual spending on veterinary and other pet services has risen from £2.6bn in 2015 to £4bn in 2021, a 54% increase in just six years. According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021. White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years. Changes in the age structure of pets will further bring about the development of the pet medical industry. According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ¥67.5 billion, accounting for about 22.5% of the entire pet industry. From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years. From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 373%.

In terms of production side, this report researches the Pet Food Acidulants production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.

In terms of consumption side, this report focuses on the sales of Pet Food Acidulants by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.

By Type
• Citric Acid
• Lactic Acid
• Fumaric Acid
• Phosphoric Acid
• Tartaric Acid
• Malic Acid
• Acetic Acid

By Application
• Food
• Beverage

Key Companies
Corbion Purac, ADM, RP International, Nanjing Xiangshengtai Industry, Global Specialty Ingredients, Cargill, Jungbunzlauer Suisse, Bartek Ingredients, Weifang Ensign Industry, Isegen

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-35Y9406/global-pet-food-acidulants

Email Id:
Please reach us at sales@valuates.com

Address:
Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.