Pet Food Ingredients - Market Insights, Competitive Landscape, and Market Forecast - 2030

The global pet food ingredients market is growing at a CAGR of 6.35% during the forecast period from 2024 to 2030 to reach USD 45.31 billion by 2030. The pet food ingredients market is observing remarkable market growth primarily owing to the growing demand for organic and natural pet food ingredients across the globe. Further, the increasing consumer spending on pet-care products, increasing penetration of e-retail to assess the products easily, rising trend of pet humanization, growing awareness of feeding pets with premium and packed pet food along with the increasing launches of ingredients and final products in the market, presence of key players, and others will create a demand for the pet food ingredients in the market. Therefore, the market for pet food ingredients is estimated to grow at a substantial CAGR during the forecast period from 2024 to 2030.

Pet Food Ingredients Market Dynamics:

One of the key factors responsible for driving the pet food ingredients market is the growing number of pets across the globe. For instance, according to the latest data provided by Health for Animals, Europe had 92 million dog pets and 113 million cat pets, in 2021. According to the same source, nearly 74 million dogs and 67 million cats were present in China in 2021.

Moreover, as per the figures specified by the European Pet Food Organization, nearly EURO 27.7 billion in sales of pet food products was reported in Europe, in 2021. The sales of pet food are anticipated to grow constantly during the forecast period as the number of pets in Europe is growing. This will ultimately increase the demand for pet food ingredients in pet food manufacturing. Thus, the increasing number of pets will increase the demand for pet food, leading to the increased demand for pet food ingredients, thereby bolstering the overall market of pet food ingredients.

Moreover, pets are now considered members of the family thus consumers' willingness to spend more on pet food is influenced by the growing bond between pet owners and their pets. Consumers are becoming more aware of their pets' health and are purchasing high-nutritional-value pet food for the benefit of their beloved pets. Nowadays, pet owners are looking for pet consumables that are not only locally produced and natural but also have specific health benefits. Furthermore, the pet humanization trend has increased health consciousness, resulting in a demand for pet food free of sugar, grain, dye, and other chemical additives.

Furthermore, pet food ingredient manufacturers are offering premium products targeted toward pet owners due to the increased parenting of pets. Young pet owners are willing to spend more on healthy and natural pet food to maintain the well-being of their companion animals. The popularity of premium pet food among pet owners positively impacts the pet food ingredients market as the premium pet food will increase the demand for natural and safe pet food ingredients, and it is expected to contribute to significant growth in the pet food ingredients market during the forecast period from 2024-2030.

Therefore, the factors stated above collectively will drive the overall pet food ingredients market during the forecast period from 2024-2030.

However, side effects associated with chemical-based pet food ingredients, price sensitivity owing to the higher cost of production and raw materials, and others may halt the growth of the pet food ingredients market during the forecast period (2024-2030).

Pet Food Ingredients Market Segment Analysis:

Pet Food Ingredients Market by Ingredient Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Specialty Proteins, Carotenoids, and Others), Animal Type (Dog, Cat, Fish, and Others), Form (Wet and Dry), Source (Animal-Derived, Plant-Derived, and Others), Distribution Channel (Specialized Pet Shops, Supermarkets & Hypermarkets, Online Channel, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the ingredient type segment of the pet food ingredients market, the amino acids segment is expected to have a significant revenue share in the year 2023. This was primarily owing to the increasing demand for amino acids to maintain the health of pets.

Leucine and lysine, in addition to the other essential amino acids found in complete and balanced pet food, help pets build and maintain muscles, bones, blood, organs, and skin and coat.

Further, adult dogs and cats need essential amino acids to support healthy body systems, including the immune system. Additionally, kittens and adult cats require higher amounts of dietary protein than dogs and, therefore, certain specific amino acids are required in cat food recipes at higher amounts.

Proper levels of amino acids are also critical in puppy and kitten growth. It is estimated that puppies and kittens can have to double the energy needs of adult animals of the same breed. With these increased energy needs and steadily growing bodies come increased minimum requirements of protein. In addition to being a source of energy for younger pets, protein, and amino acids support weight gain and help develop and maintain muscles.

Thus, owing to the above-mentioned factors pets require amino acids to maintain proper health.

Therefore, owing to the increase in amino acids, the demand for the amino acids pet food ingredient upsurges, thereby the category is expected to witness considerable growth eventually contributing to the overall growth of the global pet food ingredients market during the forecast period.

North America is expected to dominate the overall Pet Food Ingredients Market:

Among all the regions, North America is expected to hold the largest share in the global Pet Food Ingredients in 2022 and is expected to do the same during the forecast period from 2024-2030.

This can be ascribed to the increasing pet humanization and pet ownership, the emergence of private label store brands, and growing urbanization accompanied by increased disposable incomes, and the presence of domicile players in the region are the reasons that act as a supportive factor for the North America pet food ingredients market growth.

Moreover, owing to the changing lifestyles, economic booms, and increasing population of pet enthusiasts, there has been a rapid increase in pet adoption in the United States over the years.

For instance, according to the American Pet Products Association's (APPA) 2021-2022 National Pet Owners Survey, approximately 90.5 million homes in the United States own a pet. Furthermore, U$123.6 billion was spent on pets in the United States in 2021. This increased spending on pets is driving up sales of pet food ingredients, thereby expanding the country's pet food ingredient industry.

Further, leading business investments got the introduction of new products for both domestic and international markets, and strong institutional support from the governments of Canada and the United States for pet food has encouraged industrial growth of the pet food ingredient market in the North American region.

Therefore, the interplay of the aforementioned factors would provide a conducive growth environment for the North America region in the pet food ingredients market.

Pet Food Ingredients Market Key Players:

Some of the key market players operating in the pet food ingredients market include APS Phoenix LLC, Zilor, darling Ingredients 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, and others.

Recent Developmental Activities in the Pet Food Ingredients Market:

• In October 2021, Global Food and Ingredients Inc. acquired a state-of-the-art plant-based pet food ingredients production facility in Bowden, Alberta, and the creation of GFI's new Plant-Based Pet Food Ingredients business unit.
• In 2021, ORIJEN launched ORIJEN Premium Wet Dog Food, made with premium animal ingredients (protein).

Key Takeaways from the Pet Food Ingredients Market Report Study

• Market size analysis for current pet food ingredients market size (2023), and market forecast for 6 years (2024-2030)
• Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
• Key companies dominating the global pet food ingredients market.
• Various opportunities available for the other competitors in the pet food ingredients market space.
• What are the top-performing segments in 2023? How these segments will perform in 202?.
• Which are the top-performing regions and countries in the current pet food ingredients market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for pet food ingredients market growth in the coming future?

Target Audience who can be benefited from this Pet Food Ingredients Market Report Study

• Pet food ingredients providers
• Research organizations and consulting companies
• Pet food ingredients -related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and traders dealing in pet food ingredients
• Various end users who want to know more about the pet food ingredients market and the latest developments in the pet food ingredients market.

Frequently Asked Questions for the Pet Food Ingredients Market:

1. What are pet food ingredients?

Pet food is a product of a plant or an animal, such as meat, that is used to nourish companion animals. Fruits and vegetables, derivatives of animals, grains and oilseeds, vitamins, and minerals are all included in pet food ingredients. Ingredients for pet food are a rich supply of vitamins, fiber, protein, carbs, and calcium.

2. What is the global market for pet food ingredients?

The global pet food ingredients market is growing at a CAGR of 6.35% during the forecast period from 2024 to 2030 to reach USD 45.31 billion by 2030.

3. What are the drivers for the global pet food ingredients market?

The pet food ingredients market is witnessing positive market growth owing to the factors such as the rising trend of pet humanization, increasing consumer spending on pet care products, growing awareness of feeding pets with premium and packed pet food, increasing penetration of e-retail worldwide, increasing new ingredients launches and approvals, presence of key players in the market, and others will create an exigency for the pet food ingredients market.

4. Who are the key players operating in the global pet food ingredients market?

Some of the key market players operating in the pet food ingredients market include APS Phoenix LLC, Zilor, darling Ingredients 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, and others.

5. Which region has the highest share of the pet food ingredients market?

Among all the regions, North America is estimated to hold the major revenue share in the global pet food ingredients market. This can be ascribed to the increasing pet humanization and pet ownership, the emergence of private label store brands, and growing urbanization accompanied by increased disposable incomes, and the presence of domicile players in the region are the reasons that act as a supportive factor for the North America pet food ingredients market growth.


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