Pet Food Ingredients Market by Ingredient (Cereals, Meat & Meat Products, Vegetables, Fruits, Fats, and Additives), Source (Animal-based, Plant-based, and Synthetic), Pet (Dog, Cat, and Fish), Form (Dry and Liquid), - Analysis & Forecast 2019-2030
Report ID : 175 | Published Date : May 2020 | Pages : 160 | Region : Global | Report Code : FB-19
Pet Food Ingredients Market Overview and Introduction
Pet food is a plant or animal based product such as meat which is used to feed pet animals. Pet Food includes ingredients such as fruits & vegetables, animal based products & derivatives, grains & oilseeds, and vitamins & minerals. Pet food ingredients are rich sources of calcium, fibre, protein, carbohydrates and other micronutrients. It also constitutes of Omega 3 and Omega 6 fatty acids which are essential for animal metabolism and digestion. Pet food manufacturers use different types of ingredients for feeding the pet which provides a complete diet.
The global pet food ingredient market is driven by an increase in pet food expenditure and acceptance of insect-based protein as pet food. Moreover, the switch from mass products to organic pet food ingredients and a rise in the pet adoption rate have been vital in contributing to the extensive growth of the global pet food ingredient market. However, the potential risk of infection and disease transmitted from pet animals, also high cost of pet food is another factor that is likely to restrain the market to a certain extent.
The global pet food ingredients market is segmented by form, ingredients, pet, source and region
Pet Food Ingredient Market by Form
On the basis of form, the market can be segmented into dry pet food ingredients and wet pet food ingredients. In terms of market share, the segment of dry pet food ingredients is estimated to account for the largest market share. The dry form of food is used more widely in pets, and their popularity can be credited to their cost-effective nature and low moisture content. So, owing to these factors, the market for the dry form of pet food ingredients accounts for the largest market share.
Pet Food Ingredient Market by Ingredients
On the basis of ingredients, the market is segmented into Meat & Meat Products, Cereals, Vegetables, Fats, and Additives. The meat and meat products are further classified into segmented into deboned meat, meat meal, by-product meal, and animal digest. Cereals is further segmented into corn & cornmeal, wheat & wheat meal, barley, rice, and fruits. Vegetables are further segmented into potatoes, carrots, and soybean & soybean meal. Fats are further segmented into fish oil, tallow, lard, poultry fat, and vegetable oil. Similarly, Additives segment is bifurcated into vitamins & minerals, enzymes, and other additives. The meat & meat products segment accounted for the largest share, followed by the cereals segment, in 2019. Meat & Meat products are taken at a lower cost, as most of these ingredients are byproducts of food products that are produced for human consumption. Thus, being cost-effective, meat & meat products are widely accepted as pet food. Meat is also considered as source of chondroitin, protein and vitamins, which help in brain development, immune system of pets and bone health.
Pet Food Ingredient Market by Pet Type
On the basis of pet type, the pet food ingredient market is segmented into dog, cat, fish, and others. The dog segment is estimated to account for the largest share of the pet segment. Factors attributing to the growth of the segment are increasing ownership and fostering of dogs, which is in turn increasing the demand for dog food products which contributes to the growth of this segment.
Pet Food Ingredient Market by Source
On the basis of Source, the market is segmented into animal derivatives, plant derivatives, and synthetic. The animal derivatives is estimated to account for largest share in the pet food ingredient market. Pet owners prefer high nutrition products which is a major driving factor for animal derivatives products in this market.
Pet Food Ingredients Market by Region
The global pet food ingredient market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominates the pet food ingredients market owing to the growing health concerns towards their pets. Rising living standards and pet humanization in the US and Canada have led to the high adoption of pets, which has been a key driver for the pet food ingredients market. However, Asia Pacific is projected to grow at a high rate in the pet food ingredients market, as some countries in this region such as China, Korea, Japan and India offer growth opportunities for the pet food industry. Factors such as rise in spending power of pet owner who are spending more on nutrition of their pet. Thus it gives boost to pet food ingredients in this market.
Pet Food Ingredients Market Prominent Players
The prominent players in the global pet food ingredients market are Ingredion, The Scoular Company, SunOpta, Darling Ingredients Inc., Kemin Industries, Inc., Nutreco N.V., LALLEMAND Inc., SARIA SE & Co. KG, Chr. Hansen Holding A/S, Cargill, and Incorporated among others.