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Surging Pet Adoption Rates Fueling Growth In The Pet Food Ingredient Market: Pivotal Factor Influencing Pet Food Ingredient Market Growth in 2025
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Pet Food Ingredient Market Size Growth Forecast: What to Expect by 2025?
There has been a significant increase in the pet food ingredient market size over the past few years. The market growth is expected to rise from $33.72 billion in 2024 to $36.13 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. The expansion over the historical period is due to factors such as the introduction of commercially available pet foods, the emergence of nutritional science, the industrialization of pet food production, modules recommended by veterinarians, innovative processing techniques, and the introduction of specialized diets.
How Will the Pet Food Ingredient Market Size Evolve and Grow by 2029?
Over the coming years, the market size for pet food ingredients is set to witness robust growth. Expected to reach $47.36 billion by 2029 with a compound annual growth rate (CAGR) of 7.0%, this growth through the forecast period can be associated with an increase in pet adoption, awareness towards health in consumers, premiumization and humanization trends, e-commerce and direct-to-consumer channels, alongside sustainable and ethically sourced ingredients. Key trends during the forecast period encompass natural and clean label ingredients, sustainable sourcing, functional and nutritional additives, alternative protein sources, as well as grain-free and limited ingredient diets.
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What Drivers Are Propelling the Growth of Pet Food Ingredient Market Forward?
The uptick in pet adoption is anticipated to boost the pet food ingredient market's expansion. Pet adoption, which entails assuming responsibility for an animal previously cared for by another individual, shelter, or rescue organization, highly influences the consumption of pet food ingredients. Pets need a diverse array of nutrients to maintain proper bodily functions, which sustain muscular tone, facilitate muscle growth and repair, aid the formation and sustenance of teeth and bones, and support day-to-day activities while fortifying their immune defense. These factors are integral to the increase in the pet food ingredient market. For example, an industry-wide survey conducted by Animal Medicines Australia (AMA) in November 2022 revealed that approximately half of all Australian households own at least one dog, which is the most prevalent pet in the nation. In the said year, dogs were found in 48 percent of households, while 37 percent of dogs and 40 percent of cats were procured during the pandemic period, equating to nearly 2 out of every 5 pets. Hence, the rise in pet adoption rates propels the aforesaid market's growth trajectory.
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Which Emerging Trends Are Transforming the Pet Food Ingredient Market in 2025?
Prominent businesses in the pet food ingredient industry are introducing inventive products like Carnival items to boost nutritional content, enhance taste, and foster comprehensive pet wellness, meeting the growing need for high-end and functional pet food components. Carniwel ingredients are formulated specifically for pet food, providing top-tier protein and vital nutrients for enhanced animal health and overall well-being. To illustrate, Growel Group, a company from India, unveiled Carnival in October 2024. Carnival is designed to deliver superior nutrition at reasonable costs, meeting the shifting food requirements of pets at different life stages. The brand provides an array of products for both canine and feline pets, including specially formulated meals for puppies, kittens, adult animals, and elderly pets. Interestingly, Carniwel includes vegetarian offerings to suit the dietary habits of over 30% of Indian households that observe vegetarian diets.
What Are the Key Segments in the Pet Food Ingredient Market?
The pet food ingredient market covered in this report is segmented -
1) By Ingredient: Meat And Meat Products, Cereals, Vegetable And Fruits, Fats, Additives
2) By Form: Dry, Wet
3) By Nature: Organic, Inorganic
4) By Source: Animal-Based, Plant Derivatives, Synthetic
5) By Pet: Dogs, Cats, Fish, Other Pets
Subsegments:
1) By Meat And Meat Products: Fresh Meat, Meat Meal, By-Products (organs), Dehydrated Meat
2) By Cereals: Wheat, Corn, Rice, Barley, Oats
3) By Vegetables And Fruits: Peas, Carrots, Sweet Potatoes, Apples, Blueberries
4) By Fats: Animal Fats, Vegetable Oils, Fish Oils, Mixed Fats
5) By Additives: Vitamins, Minerals, Preservatives, Flavor Enhancers, Probiotics
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Who Are the Key Players Shaping the Pet Food Ingredient Market's Competitive Landscape?
Major companies operating in the pet food ingredient market include BASF SE, Darling Ingredients Inc., Cargill Inc., DSM Nutritional Products AG, Omega Protein Corporation, Archer-Daniels-Midland Company, Kemin Industries Inc., Roquette Freres SA, Ingredion Incorporated, DuPont Nutrition Inc., Lallemand Inc., SunOpta Inc., AFB International Inc., American Dehydrated Foods Inc., APS Phoenix LLC, Biorigin Company, Nutreco NV, SARIA International GmbH, The Scoular Company, General Mills Inc., Mars Inc., Nestlé SA, Hill's Pet Nutrition Inc., Del Monte Foods Inc.
What Geographic Markets Are Powering Growth in the Pet Food Ingredient Market?
North America was the largest region in the pet food ingredient market in 2024. Asia-Pacific is expected to be the fastest-growing region in the pet food ingredient market report during the forecast period. The regions covered in the pet food ingredient market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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