Pet Food Ingredient Market Size is projected to reach USD 77 Billion by 2030, growing at a CAGR of 7.2%: Straits Research

The global pet food ingredient market size was valued at USD 41 billion in 2021. It is expected to expand at a CAGR of 7.2% to reach USD 77 billion during the forecast period (2022–2030). North America's share will reach USD 49.7 billion during the forecast period, expanding at a CAGR of 7.1%.

New York, United States, July 12, 2022 (GLOBE NEWSWIRE) -- Pet food is a specialized diet designed to fulfill the nutritional needs of domesticated animals. Meat, meat byproducts, cereals, grains, vitamins, and minerals are the typical ingredients in pet food. Meat, poultry, and seafood byproducts, feed grains, and soy meal make up the majority of pet food ingredients. Domesticated animals, euthanized companion animals, and horses are among the animals used for rendering. In the 1990s, the National Animal Control Association estimated that roughly 5 million animals were transported to rendering plants and recycled into pet food. They are typically referred to as meat or bone meal on ingredient lists.

Parts of damaged carcasses, bones, cheek meat, and organs including intestines, kidneys, liver, lungs, udders, spleen, and stomach tissue may be used as pet food. Cereal grains, such as soybean meal, cornmeal, cracked wheat, and barley, are frequently used to improve the consistency of the product and lower the cost of the raw materials. Blood, water, and meat broth are examples of liquid ingredients. Artificial flavors are not used in general, although certain candies may contain smoke or bacon flavors. Manufacturers commonly add vitamins and minerals to pet food.

Over time, the proportion of vegetable and grain ingredients in pet foods has increased dramatically. It is anticipated that the meat used in the first commercial pet foods will be replaced with plant-based ingredients. 64% of pet foods containing meat as the first ingredient have multiple protein sources, with chicken being the most prevalent option.

Pet food options are available for various breeds, sizes, ingredient preferences, disease conditions, life stages, and price points. Unlike service animals, companion animals have specific dietary requirements, such as pre-formed vitamin A and amino sulfone taurine in cat food, and arginine in both cat and dog food, according to studies on pet nutrition. Emerging knowledge of the nutritional benefits of minerals, dietary fiber, carotenoids, and omega-3 fatty acids and the significance of meat fats and proteins in optimal pet nutrition are the primary factors currently being evaluated in the Pet Food Ingredients Market.

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Growth in Pet Population and Demand for High Protein Content Food to Drive the Market of Pet Food Ingredients
There is a growing trend of staying single or childless for longer durations, which has led to a rise in the adoption of companion animals. This trend is most prevalent in Europe and the United States, but emerging economies such as India and China quickly adapt. Hence, there is apparent demand for nutritious and healthy pet food, which is expected to propel the market.

As dogs, fish, cats, and birds have become increasingly popular as household pets, the pet food industry has exploded. The number of pets is expected to increase at the same rate over the next four years, creating market opportunities for companies that produce pet food ingredients. As more cats and dogs are adopted, there is a greater demand for pet medications, food, and accessories.

Increasing attachment to pets due to rising livelihoods and the cultural shift toward adopting pets as companions are also expected to drive the pet food market. Numerous scientific studies indicate that pets also serve as stress relievers. This is another primary contributor to the rising household adaptation of pets, driving the demand for pet food and the ingredient market.

The pet food's ingredients are abundant in high-quality protein and omega-3 fatty acids. When added to food, these substances increase the nutritional value of the feed and provide benefits such as increased growth rate, increased protein digestibility, enhanced feed conversion, enhanced immune system, and decreased mortality of aquatic species. Thus, it is anticipated that raising awareness among pet food manufacturers of the nutritional benefits of protein-rich ingredients will increase the supply of these ingredients.

Increasing consumer awareness of the significance of consuming foods with high nutritional value has led to increased protein demand. As the number of consumers in the Asia-Pacific region has grown, so has the demand for protein derived from animals (including fish). This is envisioned to raise the demand for fish and fish products, thereby driving the market for fish-based pet food ingredients over the forecast period.

Report Scope

Report MetricDetails
  Market SizeUSD 77 Billion by 2030
  CAGR7.2% (2022-2030)
  Historical Data2019-2020
  Base Year2021
  Forecast Period2022-2030
  Forecast UnitsValue (USD Billion)
  Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments CoveredBy Ingredients, By Regions
  Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
  Key Companies Profiled/VendorsDupont Nutrition & Health, FoodSafe Technologies, Diana Group,
AFB International, Lallemand Inc., BioVia Antimicrobial,
MicroGARD Fermentates, Active MOS
  Key Market OpportunitiesUse of Gluten as Pet Food Ingredient
  Key Market DriversGrowth in Pet Population and Adoption
Demand For High Protein Content Food

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Impact of COVID-19
To curb the spread of the COVID-19 pandemic, the government-imposed regulations slowed the economy, halted production, slowed the development of projects, and required market participants to cease operations. The government imposed social distance regulations that restricted the mobility and output of the labor force. As a result, the pandemic negatively impacted the supply chains of the pet food industry.

Due to the prohibition on the transportation of raw materials, the pet food industry initially encountered supply and cash flow difficulties. However, during the lockdown, the demand for pet food steadily increased in many world regions as more people adopted pets out of a desire for companionship. To meet this demand, market participants have shifted their focus from physical stores to e-commerce platforms by investing more in developing their own websites.

Nonetheless, as pet ownership increased during the pandemic, the market for pet food expanded. To meet demand and supply, producers of pet food increased production. After the lockdowns were lifted, pet food manufacturers and suppliers resumed large-scale operations, resulting in an expansion of the market.

Regional Insights
The Asia-Pacific region will have the largest market share for pet ingredient products. The area will account for approximately 35% of the regional market during the forecast period. Expanding population, rising disposable income, and a regional humanization trend have emerged as the primary factors driving up pet care expenditures. The market is shifting from mass-market to premium products as consumer preferences for natural products increase.

Due to the entry of new market participants, prices for pet food in Asia-Pacific nations are likely to decrease. In developing nations like the Philippines and Malaysia, price wars between key players and the introduction of value products expand the consumer base by making products more affordable, thereby increasing the number of consumers. In contrast, developed nations such as South Korea and Japan adopt a premium pricing and offering strategy as the norm.

North America's share will reach USD 49.7 billion during the forecast period, expanding at a CAGR of 7.1%. The regional demand for pet food ingredients is primarily driven by the increasing awareness of the positive impact on pet health and the rising trend of humanizing pets. Due to a well-established pet food industry and a high percentage of pet ownership, the United States has become the leading market for pet food ingredients in North America. Regarding populations of cats, dogs, and fish, the country ranks among the top five in the world.

In the coming years, Canada, the second-largest market in North America for pet food ingredients, is anticipated to record a significant growth rate. According to the Canadian Animal Health Institute, Canada has 8.3 million cats and 8.3 million dogs. Premiumization and product differentiation are the two most significant factors influencing the growth of the pet food industry in the region.

Key Highlights

  • The global pet food ingredient market was valued at USD 41 billion in 2021. It is expected to expand at a CAGR of 7.2% to reach USD 77 billion during the forecast period (2022–2030).
  • Based on ingredients, amino acids are expected to have the highest share in the pet food ingredient market, amounting to 34% by 2030.
  • Region-wise, Asia-Pacific will command the largest share of 35% of the total market share in 2030.

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Competitive Players

  • Dupont Nutrition & Health
  • FoodSafe Technologies
  • Diana Group
  • AFB International
  • Lallemand Inc.
  • BioVia Antimicrobial
  • MicroGARD Fermentates
  • Active MOS

Global Pet Food Ingredient Market: Segmentation
By Ingredients

  • Speciality Proteins
  • Amino Acids
  • Mould Inhibitors
  • Gut Health Ingredients
  • Phosphates
  • Vitamins
  • Acidifiers
  • Carotenoids
  • Enzymes
  • Mycotoxin Detoxifiers
  • Flavors and Sweeteners
  • Antimicrobials and Antibiotics
  • Minerals
  • Antioxidants

By Regions

  • North America
  • Asia-Pacific
  • Europe
  • Central and South America
  • The Middle East and Africa

1          Introduction
1.1      Market Definition
1.2      Market Scope
2          Research Methodology
2.1      Primary Research
2.2      Research Methodology
2.3      Assumptions & Exclusions
2.4      Secondary Data Sources
3          Executive Summary
4          Market Overview
4.1      Report Segmentation & Scope
4.2      Value Chain Analysis: Pet Food Ingredient Market
4.2.1  Vendor Matrix
4.3      Key Market Trends
4.3.1  Drivers
4.3.2  Restraints
4.3.3  Opportunities
4.4      Porter’s Five Forces Analysis
4.4.1  Bargaining Power of Suppliers
4.4.2  Bargaining Power of Buyers
4.4.3  Threat of Substitution
4.4.4  Threat of New Entrants
4.4.5  Competitive Rivalry
4.5      Environment & Regulatory Landscape
4.6      Forecast Factors & Relevance of Impact
4.7      Macro-Economic & Geopolitical Scenario
4.8      Parent Market Overview
4.9      Technology Landscape
4.10   Market Share Analysis
4.11   Potential Venture Analysis
4.12   Regional Price Trends
4.13   Raw Material Trends
4.14   Cost Structure Analysis
4.14.1            Labor Cost
4.14.2            Consumables
4.14.3            Maintenance Cost
4.15   Covid-19 Impact Analysis:
4.15.1            Pre and Post Covid-19 Market Scenario Analysis
4.15.2            Market Recovery Timeline and Challenge
4.15.3            Measures Taken by Top Players
4.15.4            Quarterly Market Revenue and Growth Forecast till 2021        North America        Europe        Asia-Pacific        Central and South America and the Caribbean        The Middle East and Africa
5              Ingredients Overview
5.1      Introduction
5.1.1  Market Size & Forecast (Value & Volume)
5.2      Speciality Proteins
5.2.1  Market Size & Forecast (Value & Volume)
5.3      Amino Acids
5.3.1  Market Size & Forecast (Value & Volume)
5.4      Mould Inhibitors
5.4.1  Market Size & Forecast (Value & Volume)
5.5      Gut Health Ingredients
5.5.1  Market Size & Forecast (Value & Volume)
5.6      Phosphates
5.6.1  Market Size & Forecast (Value & Volume)
5.7      Vitamins
5.7.1  Market Size & Forecast (Value & Volume)
5.8      Acidifiers
5.8.1  Market Size & Forecast (Value & Volume)
5.9      Carotenoids
5.9.1  Market Size & Forecast (Value & Volume)
5.10   Enzymes
5.10.1            Market Size & Forecast (Value & Volume)
5.11   Mycotoxin Detoxifiers
5.11.1            Market Size & Forecast (Value & Volume)
5.12   Flavors and Sweeteners
5.12.1            Market Size & Forecast (Value & Volume)
5.13   Antimicrobials and Antibiotics
5.13.1            Market Size & Forecast (Value & Volume)
5.14   Minerals
5.14.1            Market Size & Forecast (Value & Volume)
5.15   Antioxidants
5.15.1            Market Size & Forecast (Value & Volume)
6             Regional Overview
6.1      Introduction
6.1.1  Market Size & Forecast (Value & Volume)
6.2      North America
6.2.1  Economic Overview
6.2.2  Market Scenario
6.2.3  U.S.
6.2.4  Canada
6.2.5  Mexico
6.3      Central and South America and the Caribbean
6.3.1  Economic Overview
6.3.2  Market Scenario
6.3.3  Brazil
6.3.4  Argentina
6.3.5  Colombia
6.3.6  Rest of Central and South America and the Caribbean
6.4      Europe
6.4.1  Economic Overview
6.4.2  Market Scenario
6.4.3  Germany
6.4.4  France
6.4.5  The U.K.
6.4.6  Italy
6.4.7  The Rest Of Europe
6.5      Asia-Pacific (APAC)
6.5.1  Economic Overview
6.5.2  Market Scenario
6.5.3  China
6.5.4  Japan
6.5.5  India
6.5.6  Australia
6.5.7  South Korea
6.5.8  Rest Of APAC
6.6      Middle East
6.6.1  Economic Overview
6.6.2  Market Scenario
6.6.3  South Arabia
6.6.4  The UAE
6.6.5  Qatar
6.6.6  Oman
6.6.7  Turkey
6.6.8  The Rest Of Middle East
6.7      Africa
6.7.1  Economic Overview
6.7.2  Market Scenario
6.7.3  Nigeria
6.7.4  South Africa
6.7.5  The Rest Of Africa
7          Competitive Landscape — Manufacturers & Suppliers
7.1      Competition Dashboard
7.2      Industry Structure
7.3      Dupont Nutrition & Health
7.3.1  Business Overview
7.3.2  Financial Performance
7.3.3  Recent Developments
7.3.4  Portfolio
7.4      Dupont Nutrition & Health
7.5      FoodSafe Technologies
7.6      Diana Group
7.7      AFB International
7.8      Lallemand Inc.
7.9      BioVia Antimicrobial
7.10   MicroGARD Fermentates
7.11   Active MOS
8          Conclusion & Recommendation
9          Acronyms & Abbreviations

Table of Content and Figure @

Market News

  • Dupont Nutrition and Health revealed a new research study on plant-based eating.
  • AFB International presented the “Cats” Eating Enjoyment Informs Preference of Food Components" study at the 2021 Petfood Forum.

News Media
Global Pet Food Ingredient Market to Ascend at a CAGR during Estimated Period
Top 7 Animal Feed Producers

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