The global market for pet food ingredients is expected to expand

NEW YORK, USA, Dec. 19, 2023 (GLOBE NEWSWIRE) — Global market for pet food ingredients expected to grow at ~6% CAGR by 2028 | DelveInsight

The pet food ingredients market is experiencing significant expansion due to the surge in global demand for organic and natural ingredients included in pet foods. Additionally, increased consumer spending on pet care products, increasing penetration of e-retailing for convenient product access, increasing trends in pet humanization, and growing awareness of providing premium packaged food for pets. With the continuous influx of raw materials and finished products, product launches by major players in the industry are contributing to the growing demand for pet food ingredients.

DelveInsight Insights on the Pet Food Ingredients Market The report provides current and forecast market analysis, market share of individual leading pet food ingredients companies, challenges, Pet Food Ingredients market drivers, barriers, trends, and key market Pet Food Ingredients companies in the market.

Key Takeaways from the Pet Food Ingredients Market Report

• According to DelveInsight estimates, North America is expected to dominate the global pet food ingredients market during the forecast period.
• Popular pet food ingredient companies such as APS Phoenix LLC, Zilor, darling Elements Inc., Nutrios., Ingredion., DuPont, BASF SE, Chr. Hansen Holding A/S, DSM Nutritional Products AG, Cargill, Incorporated., Omega Protein Corporation, Kemin Industries, Inc., Roquette Frères., Lallemand Inc., Daka Denmark A/S, The Scoular Company, Symrise, FoodSafe Technologies., AFB International, SunOpta, Several other companies are currently operating in the pet food ingredients market.
• in October 2021, Global Food and English Co., Ltd. has acquired a state-of-the-art plant-based pet food ingredient production facility in Borden, Alberta, creating GFI’s new plant-based pet food ingredient business unit.
• in 2021, Origin Launched “Origen Premium Wet Dog Food” using premium animal ingredients (protein).

To learn more about the latest highlights related to the Pet Food Ingredients market, take a snapshot of the key highlights included in this report. Global Pet Food Ingredients Market Report

Overview of pet food ingredients

Pet food ingredients play an important role in ensuring the health and well-being of your furry companion. These components include a variety of components such as proteins, carbohydrates, fats, vitamins, and minerals. High-quality pet foods often include protein sources such as chicken, beef, fish, and lamb, which contain essential amino acids for muscle development and overall vitality. Carbohydrates, which come from grains and vegetables, provide the energy you need for daily activities. Fats obtained from animal fats or vegetable oils contribute to coat health and act as a concentrated energy source. Additionally, it incorporates vitamins and minerals to support a variety of physiological functions, including immune system strength and bone health. Pet food manufacturers continually research and innovate to create balanced and nutritious formulations that meet the specific dietary needs of a variety of animals, ensuring optimal health and longevity for your beloved pets. To do.

Insights on the Pet Food Ingredients Market

North America stands out as the dominant region in the global pet food ingredients market in 2022 and is poised to maintain its lead from 2023 to 2028. This prominence is due to the rapidly growing trend of pet humanization, the proliferation of pet owners, the rise of private label brands, increasing urbanization with increasing disposable income, and the strong presence of local businesses, which All of these factors contribute to the growth of your pet. North American food market.

Additionally, the region is experiencing a sharp increase in pet adoptions in the United States due to evolving lifestyles, an improving economy, and a rapidly growing population of pet lovers. In particular, strategic business investments have led to the introduction of innovative products tailored to both domestic and international markets. Strong government support for the pet food industry in Canada and the United States has further fueled the growth of the pet food ingredient industry in North America.

If you want to know more about why North America is leading the growth of the pet food ingredients market, get a snapshot of it. Outlook for the pet food ingredient market

Trends in the pet food ingredient market

Rapid increase pet ownership around the world It stands out as a crucial factor driving the pet food ingredients market. In particular, Europe was proud of 92 million with dog 113 million 2021 cat count reported by Health for Animals. China also has a large pet population. 74 million with dog 67 million cats. A paradigm shift towards recognizing pets as essential family members is increasing consumers’ willingness to invest in premium pet food. This change is supported by Improving awareness of pet health, locally produced, natural and nutritious pet supplies are now preferred. The trend toward humanizing pets is Increasing health awarenessthere is a growing demand for pet foods that are free of sugar, grains, dyes, and other chemical additives.

In particular, pet food ingredient manufacturers are responding to this trend by introducing premium products that are tailored to the preferences of pet owners. Young pet owners in particular are showing a willingness to spend money on: High quality natural pet food, in line with a broader desire to ensure the well-being of valued companions.advantage of premium pet food The demand for natural and safe pet food ingredients is expected to rise significantly and contribute to significant growth in the pet food ingredients market throughout the forecast period 2023-2028.

However, there are challenges: Side effects associated with chemical-based pet food ingredients, price sensitivity due to rising production and raw material costsamong others, may pose constraints on the growth trajectory of the pet food ingredients market during the forecast period.

Let’s take a look at the trends in the pet food ingredient market @ Pet food ingredients market dynamics analysis

Pet food raw material market evaluation

• Pet food ingredients market segmentation
  • Pet Food Ingredients Market Segmentation by Ingredient Type: Amino acids, phosphates, vitamins, acidulants, special proteins, carotenoids, etc.
  • Pet Food Ingredients Market Segmentation by Animal Type: dogs, cats, fish, etc.
  • Segmentation of pet food ingredients market by format: wet and dry
  • Pet Food Ingredients Market Segmentation by Source: Animal-derived, plant-derived, etc.
  • Pet Food Ingredients Market Segmentation by Distribution Channel: Specialized pet shops, supermarkets and hypermarkets, online channels, etc.
  • Geographic Segmentation of Pet Food Ingredients Market: North America, Europe, Asia Pacific, Rest of the World
• Porter’s Five Forces Analysis, Product Profile, Case studies, KOL views, analyst views

Which will be the leading MedTech players in the pet food ingredients market as trendsetters explore @ pet food raw material company

table of contents

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