The pet food ingredients market value is estimated to reach USD 42.2 billion in 2023. It is projected to be valued at USD 68.3 billion by 2033. It is anticipated to witness a CAGR of 4.9% from 2023 to 2033.
A main factor driving the pet food ingredients Industry is rising pet ownership across the globe. Demand for non-discretionary and discretionary products such as treats, toys, and other food items, is also significantly influenced by rising pet ownership.
Millennials, senior citizens, and households with only a single member are anticipated to exhibit high rates of pet ownership. The rising adoption of cats and dogs as pets across the residential sector across the globe is a key driver for the industry.
Surging demand for pet foods that are free of synthetic hormones, antibiotics, harmful pesticides, artificial colors, preservatives, or tastes is expected to be on the rise. Manufacturers are developing a variety of brands with a wide range of organic and natural products to profit from the current market trend. For instance, Kroger sells vegetarian and high-protein pet diets that are all-natural.
A better understanding of the nutritional benefits of minerals, dietary fibers, omega-3 fatty acids, and carotenoids used in pet food is another crucial factor that would push pet food ingredient sales. These chemicals help in weight loss, boost immunity, and promote digestive health, all of which would contribute to market expansion.
Numerous pet food manufacturers offer food products with a multitude of varieties tailored to fulfil the needs of different breeds and pets. However, installing diverse gear and equipment is a considerable investment in the manufacturing of pet food ingredients. Certain types of machinery require regular, expensive maintenance. One of the main problems constraining the market is the additional costs borne by manufacturers.
| Attributes | Key Insights |
|---|---|
| Pet Food Ingredients Market Estimated Size (2023E) | USD 42.2 billion |
| Projected Market Valuation (2033F) | USD 68.3 billion |
| Value-based CAGR (2023 to 2033) | 4.9% |
| Collective Value Share: Top 3 Countries | 20% to 25% |
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Between 2018 and 2022, the pet food ingredients market progressed at a CAGR of 3.8%. The market was valued at USD 42.3 billion in 2022. The concept of pet gluten allergy is gaining enormous popularity. Pet food ingredients made from sources other than wheat are expected to showcase exponential demand across the globe.
Future Market Insights analysis predicts escalation of the pet food ingredients industry in the forecast period as online platforms rapidly replace store buying. Suppliers of pet food ingredients want to expand their companies by creating new technologies that deliver high potency at a consistent, affordable level.
Rising Prevalence of Pet Allergies to Push Demand for Cutting-edge Pet Food Additives
Pet owners are paying significant attention to their animals' health. This is one of the main causes of their rising expenditures on nutritious pet food. Today's consumers are highly knowledgeable about the allergies and intolerances of their pets. According to tails.com, demand for dog food combinations that are hypoallergenic has surged by 75%. Omega-3 fatty acids are also being added by pet food manufacturers to their products.
How Has the Market Progressed So Far in 2023?
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 3.8% |
| Jul to Dec (H2), 2021 (A) | 3.9% |
| Jan to Jun (H1),2022 Projected (P) | 4.1% |
| Jan to Jun (H1),2022 Outlook (O) | 4.3% |
| Jul to Dec (H2), 2022 Projected (P) | 4.0% |
| Jul to Dec (H2), 2022 Outlook (O) | 4.7% |
| Jan to Jun (H1), 2023 Projected (P) | 5.2% |
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| Region | North America |
|---|---|
| Country | USA |
| CAGR | 3.3% |
| BPS Analysis | -178 |
| Market Value (2033) | USD 3.8 billion |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 2.2% |
| BPS Analysis | -455 |
| Market Value (2033) | USD 2.9 billion |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 6.6% |
| BPS Analysis | 139 |
| Market Value (2033) | USD 2.1 billion |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 7.7% |
| BPS Analysis | 220 |
| Market Value (2033) | USD 3.2 billion |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 5.4% |
| BPS Analysis | -359 |
| Market Value (2033) | USD 3.2 million |
Rising Research Work in the USA to Launch Innovative Pet Foods would Aid Demand
The USA is considered to be a lucrative market for pet food ingredients. It is expected to register a significant CAGR of 3.3% between 2023 and 2033. The USA pet food ingredients market is likely to expand as a result of increasing research and development activities among leading manufacturers to discover unique ingredients. The USA market is set to create an absolute dollar opportunity of USD 18.7 billion in the next ten years.
High Spending on Premium Products in the United Kingdom to Boost Sales of Preservative-Free Pet Food
The pet food ingredients business is projected to experience significant expansion across Europe in the next ten years. Increasing demand for quality pet foods has created a thriving market across the United Kingdom. Health- and food-conscious pet owners are prepared to invest in premium products.
A recent survey conducted by the European Pet Food Association found that nearly two-thirds of respondents expected increased sales over the next decade. This reflects a trend towards healthy diets for pets and high spending on premium items. Rising disposable income across the United Kingdom has allowed millennial consumers to purchase high-quality pet food ingredients, further driving expansion within the market.
Due to rising pet adoption and high pet care costs, the United Kingdom pet food ingredients industry is anticipated to escalate in the forecast period. Growth is also set to be attributed to surging demand for pet food based on insects.
Number of pets adopted in the United Kingdom has substantially enhanced after the pandemic. For instance, the Pet Food Manufacturers Association (PFMA) estimates that since the epidemic commenced, 3.2 million families in the United Kingdom have added a pet, bringing the country's overall pet population to 34 million. The country's pet food ingredients industry is expanding due to increasing pet adoption.
Sales of Dog Food Ingredients to Surge with Rising Spending on Maintenance of Dog’s Health
According to a report by Future Market Insights, dogs, cats, and birds are the three main animal types that the market for pet food ingredients is segmented into. Out of these, the dog segment is anticipated to remain at the forefront in the next ten years. This can be linked to dogs being adopted at a higher rate than cats.
Adoption of dogs has significantly increased over time, particularly in industrialized and emerging nations. Due to the significantly increasing demand, the pet food ingredients market is expected to flourish. Rising demand for premium dog food backed by high spending on the maintenance of one’s dogs is another factor that would propel the segment.
Demand for Organic Dog Food Additives to Skyrocket across the Globe
The pet food ingredients market is divided into two categories, namely, organic and conventional. Due to the increasing preference for organic food products, the organic pet food ingredients category is predicted to develop at a substantially high CAGR. The organic segment is expected to register a significant CAGR of 6.2% from 2023 to 2033. It is anticipated to remain dominant over the forecast period.
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Key pet food producers are continually diversifying their product lines, making the global market for pet food ingredients extremely competitive. To increase their global presence, they are utilizing a wide variety of organic and inorganic strategies, including alliances, mergers, new product launches, creation of new manufacturing facilities, and reinforcement of distribution networks.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 42.2 billion |
| Projected Market Valuation (2033) | USD 68.3 billion |
| Value-based CAGR (2023 to 2033) | 4.9% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, Gulf Cooperation Council countries, North Africa, South Africa, and others. |
| Key Segments Covered | Ingredient Type, Nature, Animal Type, Product Type, Distribution Channel, Region |
| Key Companies Profiled | Cargill Inc.; DSM Nutritional Products AG; Chr. Hansen Holding A/S; BASF SE; DuPont de Nemours, Inc.; Ingredion Inc.; American Dehydrated Foods, Inc.; Darling Ingredients Inc.; APS Phoenix LLC; Biorigin - Zilor |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market boosted at a HCAGR of 3.8% from 2018 to 2022.
Through 2033, the market is to develop at a CAGR of 4.9%.
By 2033, the market is to have expanded to USD 68.3 billion.
In 2023, the market is anticipated to reach a worth of USD 42.2 billion.
Between 2023 and 2033, the market in the United States is anticipated to develop at a sizable CAGR of 3.3%.
From 2023 to 2033, the organic segment is expected to experience an enormous CAGR of 6.2%.
1. Executive Summary | Pet Food Ingredients Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Ingredient Type 5.1. Starches 5.2. Dietary Fiber 5.3. Fruit Ingredients 5.4. Protein 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Animal Type 6.1. Dogs 6.2. Cats 6.3. Birds 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 7.1. Organic Pet Food Ingredients 7.2. Conventional Pet Food Ingredients 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 8.1. Wet Food 8.2. Dry Food 8.3. Treats and Chews 8.4. Other Product Types (Frozen Food, Raw Food) 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 9.1. Online 9.2. Offline 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Cargill Inc. 20.2. DSM Nutritional Products AG 20.3. Chr. Hansen Holding A/S, BASF SE, DuPont de Nemours, Inc. 20.4. Ingredion Inc. 20.5. American Dehydrated Foods, Inc. 20.6. Darling Ingredients Inc. 20.7. APS Phoenix LLC 20.8. Biorigin – Zilor 21. Assumptions & Acronyms Used 22. Research Methodology
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Pet Food Ingredients Market
