Animal and Pet Nutrition Ingredients Market By Form (Dry Pet Food Ingredient and Wet Pet Food Ingredient), By Ingredient (Meat & Meat Products, Cereals, Vegetables, Fats, and Additives), By Pet (Dog, Cat, Fish, and Others), By Source (Animal Derivatives, Plant Derivatives, and Synthetic), and By Region - Trends, Analysis, and Forecast till 2029

Report Code: PMI437720 | Publish Date: April 2023 | No. of Pages: 170

Global Animal And Pet Nutrition Ingredients Market Overview

The animal and pet nutrition ingredients market accounted for USD17 Billion in 2019 and is estimated to be USD 27.7 Billion by 2029 and is anticipated to register a CAGR of 5.1%.

Pet food is mainly driven from plant or animal product made for the consumption of pet animals. It is basically specific to the type of animal i.e. cat foods or dog food are different. The pet food ingredient development has encouraged due to the evolving awareness in pet nutrition which included benefits of omega-3 fatty acids, minerals, and fibers among others in pet food. The pet food generally contains a combination of protein, vitamins, carbohydrates sources, minerals, fats and preservatives, providing supplements to the pet’s body.

Impact of COVID-19 on this market

The outbreak of COVID-19 lead to restrictions on manufacturing activities which might shall cause a slump in the supply of feed, as well as its additives. The current stagnation in supply is, in turn, unfavorable against the backdrop of ever-rising demand for essential food products such as dairy and meat. This report will quantify the impact of this pandemic on the animal and pet nutrition ingredients market.

Global Animal And Pet Nutrition Ingredients Market Drivers & Restraints

Growth in the adoption rate of pets across the world and the increasing demand for premium pet foods is the major factors contributing towards rise in the demand of the global animal and pet nutrition ingredients market. Additionally, the high-disposable income of the middle-class population has gradually raised the total spending capacity on pets, thus propelling growth of the target market. With the rising trend of keeping a pet as a companion of the owners and the growing health concerns of the pets will have a progressive impact on the demand for the pet food ingredients over the forecast period. As per Pet Food Industry, about 95% of the pet owners treats their pets as a part of their family, therefore emphasizing on the importance of the quality in the pet food. Moreover, the significant shift in the preference of the customer towards vegan and grain-free pet food products will drive the overall demand of the global animal and pet food ingredient market. The easy accessibility of pet food products across different platforms such as retails shop, supermarkets and online stores will further fuel the growth of the target market. Prominent players are highly focusing on product innovation such as introduction of vegan and grain-free pet food products in order to cater the changing demands of the pet owners.

However, stringent rules & regulations regarding consumption of pet food ingredients can limit growth of the target market to a certain extent.

Global Animal And Pet Nutrition Ingredients Market Segmentations & Regional Insights

The global animal and pet nutrition ingredients market is segmented based on the form, ingredient, pet, source, and region.

On the basis of the form, the global animal and pet nutrition ingredients market is segmented into dry pet food ingredient and wet pet food ingredient. Based on the ingredient, the target market is segmented into meat & meat products, cereals, vegetables, fats, and additives. On the basis of pet, the global market is bifurcated into dog, cat, fish, and others. Based on the source, the target market is segmented into animal derivatives, plant derivatives, and synthetic.

Regional Insights:

In the region, the global animal and pet nutrition ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific shared more than 34% revenue emerged for the target market and accounted for the largest regional market in 2018. Rising population, rising disposable income, and increasing humanization trend in the region emerged as the primary propelling factors for influencing the consumer spending on the care of companion animals. Furthermore, market shift from mass market to premium products due to growing consumer preferences for natural products is also fueling growth of the target market in this region. North America led by U.S., Canada, and Mexico arose as the third biggest regional market in 2018.  The U.S. emerged as the leading market in North America due to the presence of well-developed pet food industry coupled with high ownership percentage of cats, dogs, horse, etc.

Report Scope:

Attribute

Details

The base year for estimation

2019

Forecast period

2019 – 2029

Market representation

Revenue in USD Million & CAGR from 2019 – 2029

Market Segmentation

By Form - Dry Pet Food Ingredient and Wet Pet Food Ingredient

By Ingredient - Meat & Meat Products, Cereals, Vegetables, Fats, and Additives

By Pet - Dog, Cat, Fish, and Others

By Source - Animal Derivatives, Plant Derivatives, and Synthetic

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the global animal and pet nutrition ingredients market report based on form, ingredient, pet, and region.

Global Animal and Pet Nutrition Ingredients Market, By Form:

  • Dry Pet Food Ingredient
  • Wet Pet Food Ingredient

 Global Animal and Pet Nutrition Ingredients Market, By Ingredient:

  • Meat & Meat Products
    • Deboned Meat
    • Meat Meal
    • By-Product Meal
    • Animal Digest
  • Cereals
    • Corn & Cornmeal
    • Wheat & Wheat meal
    • Barley
    • Rice
    • Fruits
  • Vegetables
    • Potatoes
    • Carrots
    • Soybean & Soybean Meal
  • Fats
    • Fish Oil
    • Tallow
    • Lard
    • Poultry Fat
    • Vegetable Oil
  • Additives
    • Vitamins & Minerals
    • Enzymes
    • Other Additives

 Global Animal and Pet Nutrition Ingredients Market, By Pet:

  • Dog
  • Cat
  • Fish
  • Others

Global Animal and Pet Nutrition Ingredients Market, By Source:

  • Animal Derivatives
  • Plant Derivatives
  • Synthetic

 Global Animal and Pet Nutrition Ingredients Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • U.S.
    • Canada

Global Animal And Pet Nutrition Ingredients Market Competitive Landscape & Key Players

The key players operating in the global animal and pet nutrition ingredients market include Cargill, Incorporated, ADM, BASF SE, Chr. Hansen Holding A/S, Roquette Frères, SunOpta, Lallemand, Omega Protein, Nutreco, Saria A/S GmbH & Co. KG, Darling Ingredients Inc., The Scolular Company, Kemin Industries, Inc., and Ingredion Incorporated. Prominent players are highly focusing on product innovation such as introduction of vegan and grain-free pet food products in order to cater the changing demands of the pet owner.

Global Animal And Pet Nutrition Ingredients Market Company Profile

  • Cargill
  • ADM
  • BASF SE
  • Chr. Hansen Holding A/S
  • Roquette Frères
  • SunOpta
  • Lallemand
  • Omega Protein
  • Nutreco
  • Saria A/S GmbH & Co. KG
  • Darling Ingredients Inc.
  • The Scolular Company
  • Kemin Industries, Inc.
  • Ingredion Incorporated

FAQs

The global animal and pet nutrition ingredients market is segmented based on the form, ingredient, pet, source, and region.

Growth in the adoption rate of pets across the world and the increasing demand for premium pet foods is the major factors contributing towards rise in the demand of the global animal and pet nutrition ingredients market.

The Asia Pacific shared more than 34% revenue emerged for the target market and accounted for the largest regional market in 2018. Rising population, rising disposable income, and increasing humanization trend in the region emerged as the primary propelling factors for influencing the consumer spending on the care of companion animals.

The key players operating in the global animal and pet nutrition ingredients market include Cargill, Incorporated, ADM, BASF SE, Chr. Hansen Holding A/S, Roquette Frères, SunOpta, Lallemand, Omega Protein, Nutreco, Saria A/S GmbH & Co. KG, Darling Ingredients Inc., The Scolular Company, Kemin Industries, Inc., and Ingredion Incorporated.