Pet Food Ingredients Market To Reach $83.60 Billion By 2030

Pet Food Ingredient Market Growth & Trends

The global pet food ingredients market size is expected to reach USD 83.60 billion by 2030, registering a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc.., An increase in pet ownership across the globe, along with the pet premiumization trend, is propelling the pet food ingredients market growth.

The COVID-19 pandemic had a positive impact on the pet food ingredient market, as, during the first lockdown phase, consumers were stocking up on pet food as they assumed a shortfall of products in the future. Additionally, a lot of people who were lonely adopted a pet when looking for a companion during this period. As people are spending more time at home, it has affected how they perceive the health of their pets which has given rise to the pet premiumization trend.

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Pet Food Ingredient Market Report Highlights

• Based on ingredient type, the amino acids segment accounted for the largest share of 30.9% in 2022 in terms of revenue, owing to the wide application of tryptophan and lysine amino acids in aquaculture feed. It is expected to expand at a CAGR of 6.3% over the forecast period owing to increased awareness among pet parents regarding the nutritional needs required by their pets. The demand for lysine and leucine is more for cats and dogs

• The gut health ingredient segment is expected to expand at the fastest CAGR of 10.9% over the forecast period of 2024-2030. This is attributed to the premiumization trend as consumers are looking for gut-health-specific products that provide benefits like improving the immune system and digestion

• Asia Pacific accounted for the largest revenue share of 35.0% in 2023. China is expected to progress at the fastest CAGR of 5.8% during the forecast period. This is attributed to an increase in consumer spending on premium pet food with specific health requirements, giving Chinese retailers and manufacturers a great opportunity to grow

• Europe accounted for a significant market share of in 2023 and is anticipated to expand at a CAGR of 4.5% over the forecast period. The rise in pet ownership and humanization has boosted the market in this region

• Mergers & acquisitions, agreements, R&D activities, and expansions are the key strategies being adopted by companies over the past few years. For instance, in November 2022, Mars announced that its division Mars Petcare had acquired Champion Petfoods, a global pet food ingredient manufacturer. In more than 90 countries, its two brands, ORIJEN and ACANA, have established a solid and reliable reputation while expanding quickly. With a greater regional presence as a result of this partnership, Mars is anticipated to reach an even better position in the market

Pet Food Ingredient Market Segmentation

Grand View Research has segmented the pet food ingredients market on the basis of on ingredient type, pet, and region:

Pet Food Ingredients Ingredient Type Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 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

  • Zeaxanthine

  • Lutein

  • Others

• Enzymes

  • Phytases

  • Carbohydrases

  • Proteases

  • Others

• Mycotoxin Detoxifiers

• Flavors & Sweeteners

• Antimicrobials & Antibiotics

• Minerals

• Antioxidants

Pet Food Ingredients Pet Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Dog

• Cat

• Others

Pet Food Ingredients Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Western Europe

    • Germany

    • U.K.

    • France

  • Eastern Europe

    • Russia

• Asia Pacific

  • China

  • Japan

  • Thailand

  • Australia

  • South Korea

  • Taiwan

• Central & South America

  • Brazil

  • Argentina

  • Chile

  • Colombia

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • Turkey

  • Morocco

List of Key Players in the Pet Food Ingredients Market

• FoodSafe Technologies

• Symrise

• AFB International

• DuPont Nutrition & Health

• Biorigin

• Lallemand, Inc.

• Eurotec Nutrition

• Impextraco Ltda Brazil

• Pancosma

• Alltech

• Vitablend Nederland B.V.

• Elanco