The global pet food ingredient market size was estimated at USD 57.4 billion in 2022 and is expected to expand at a CAGR of 4.8% from 2023 to 2030. The increasing adoption of pets globally and pet humanization due to the work-from-home trend, which affected consumer perception regarding the pet’s nutritional needs, are driving the demand for the pet food ingredient market. The COVID-19 pandemic had a positive impact on the growth of the pet food ingredients market. During the pandemic, most consumers adopted pets, resulting in a spike in sales of pet food ingredients. This sales spike was witnessed during the first lockdown, as consumers stocked up on food in anticipation of future shortages. The growing trend of pet humanization was witnessed during the pandemic as consumers could spend more time bonding with their pets.
The increasing consumer awareness of pets' health-specific needs and the work-from-home trend resulted in an increase in the adoption of pets across the globe. Due to the work-from-home trend, pet parents have been able to bond with their pets and see them as a member of their family. This results in taking care of the specific needs of pets and becoming more aware of their nutritional needs, as different nourishment is required for pets that are sedentary, spayed, ill, or very active. These factors drive the demand for quality pet food in the pet market.
Manufacturers of all sizes, from start-ups to the most extensive pet retailers in the U.S., are introducing new goods and services such as human-grade fresh meals, activity monitors, and medical diagnostic tools. Many brands that market human-grade food for dogs and cats have emerged due to the rising pet humanization trend. Some of those meals include a whole wheat food diet, squash, and sweet potatoes. Animal-based pet food ingredients are associated with various health advantages, including improved skin and coat condition, improved cognitive benefits for older pets, and efficient support for digestive and intestinal health. For instance, Farmina, a global pet food manufacturer, manufactures various animal-based pet food items such as chicken, lamb, duck, and fish.
Based on ingredient type, the market has been segmented into amino acids, acidifiers, vitamins, specialty proteins, minerals, flavors and sweeteners, gut health ingredients, mold inhibitors, phosphates, and carotenoids. The amino acids segment accounted for the largest market share of 30.9% in 2022 in terms of revenue and is expected to expand at a CAGR of 6.3% in the forecast period. This is owing to the efficiencies offered by the ingredient, including supporting good vision, cardiac and immune system function, heart health, preventing infections, and slowing the growth of bacteria and pathogens among pets.
The gut health ingredient segment is expected to advance at the fastest CAGR of 10.9% during the forecast period of 2023-2030. As consumers today are looking for products having ingredients that support the gut health of pets and farm animals, the segment is expected to proliferate in the coming years. The increased awareness about pet health-specific ingredients and their availability in the market has given rise to this segment.
Asia Pacific dominated the market with a share of 35.6% in 2022 and is also expected to witness the fastest CAGR of 5.3% over the forecast period. China dominated the Asia Pacific market and is expected to expand at the fastest CAGR of 5.8%% during the forecast period. The trend of grain-free & natural pet food and functional ingredients in pet food markets has been growing in popularity, which is gaining the interest of consumers in China. The regulations for pet food labeling in China include standardized tables with exact amounts of different ingredients that must be declared on a label. For instance, pet food must include at least 26% chicken to be designated a Chicken Formula. Additionally needed are declarations of moisture content.
Europe accounted for a significant market share in 2022 and is anticipated to progress at a CAGR of 4.6% over the forecast period. Western Europe dominated the region with a significant market share. This is attributed to several factors, including the increasing cat population over dogs, the pet humanization trend, growing consumer demand for high-quality pet food providing good health to pets, and the palatability of the ingredients. Countries such as Germany, the U.K., and France are significant contributors to the growth of the regional market.
The pet food ingredient market features various global and regional players, which makes it a competitive market. The world’s leading companies are using partnerships, collaborations, acquisitions, mergers, and agreements as strategies to withstand the intense competition and increase their market share.
In July 2022, Symrise announced the acquisition of Wing Pet Food, one of the leading companies in China in Pet Food palatability enhancers and suppliers of Pet Food ingredients. With this acquisition, the company’s market position is expected to strengthen in pet food palatability and will extend Symrise’s presence in APAC. Some of the prominent players operating in the global pet food ingredient market are:
FoodSafe Technologies
Symrise
AFB International
DuPont Nutrition & Health
Biorigin
Lallemand, Inc.
Eurotec Nutrition
Impextraco Ltda Brazil
Pancosma
Alltech
Vitablend Nederland B.V.
Elanco
Report Attribute |
Details |
Market size value in 2023 |
USD 60.5 billion |
Revenue forecast in 2030 |
USD 83.6 billion |
Growth rate |
CAGR of 4.8% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2017 - 2021 |
Forecast period |
2023 - 2030 |
Quantitative units |
Revenue in USD Million, Volume (Kilotons), and CAGR from 2023 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Ingredients, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; Western Europe; Germany; France; U.K.; Russia; China; Japan; Thailand; Australia; Taiwan; South Korea; Brazil; Argentina; Chile; Colombia; Turkey; Morocco; Saudi Arabia; South Africa |
Key companies profiled |
FoodSafe Technologies; Symrise; AFB International; DuPont Nutrition & Health; Biorigin; Lallemand Inc.; Eurotec Nutrition; Impextraco Ltda Brazil; Pancosma; Altech; Vitablend Nederland B.V.; Elanco |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global pet food ingredient market report based on ingredients and region:
Ingredients Outlook (Revenue, USD Million; Volume, Kilo Tons, 2017 - 2030)
Specialty Proteins
Beef Proteins
Egg Proteins
Blended Proteins
Hydrolyzed Proteins
Pork Protein
Fish Protein
Poultry Protein
Ovine Proteins
Cervine Proteins
Other Animal Proteins
Plant Proteins
Algal proteins
Amino Acids
Lysine
Methionine
Threonine
Cysteine
Others
Mold Inhibitors
Gut Health Ingredients
Beta-Glucan
Cereals
Mushroom
Yeasts
Seaweed
Phosphates
Monocalcium
Dicalcium
Phospholipids
Others
Vitamins
Water-Soluble
Fat-Soluble
Acidifiers
Carotenoids
Astaxanthin
Beta-Carotene
Zeaxanthin
Lutein
Others
Enzymes
Phytases
Carbohydrates
Proteases
Others
Mycotoxin Detoxifiers
Flavors & Sweeteners
Antimicrobials & Antibiotics
Minerals
Antioxidants
Regional Outlook (Revenue, USD Million; Volume, Kilo Tons, 2017 - 2030)
North America
U.S.
Canada
Mexico
Europe
Western Europe
Germany
U.K.
France
Russia
Asia Pacific
China
Japan
Thailand
Australia
South Korea
Taiwan
Central & South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Saudi Arabia
Turkey
Morocco
South Africa
b. The global pet food ingredients market size was estimated at USD 57.4 billion in 2022.
b. The global pet food ingredients market, in terms of revenue, is expected to grow at a compound annual growth rate of 4.8% from 2023 to 2030 to reach USD 83.6 billion by 2030
b. Asia Pacific dominated the pet food ingredients market with a revenue share of 36% in 2022. This is attributed to the presence of major market vendors, availability of raw materials, and labor at a lower price
b. Some of the key players operating in this industry are FoodSafe Technologies, Symrise, AFB International, DuPont Nutrition & Health, Biorigin, Lallemand Inc., Eurotec Nutrition, Impextraco Ltda Brazil, Pancosma, Altech, Vitablend Nederland B.V., and Elanco among others.
b. The key factors that are driving the global pet food ingredients market include pet humanization, pet premiumization, and increased pet ownership.
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Restrictions on manufacturing activities due to the advent of the COVID-19 pandemic shall cause a slump in the supply of feed, as well as its additives. The current stagnation in supply is, in turn, detrimental against the backdrop of ever-increasing demand for essential food products such as dairy and meat. The report will account for Covid19 as a key market contributor.
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