Pet Food Ingredients Market by Type, Form, Source, Function, Pet, Distribution Channel

List of Tables

[199 Pages Report] The Pet Food Ingredients Market size was estimated at USD 26.51 billion in 2023 and expected to reach USD 28.06 billion in 2024, at a CAGR 6.09% to reach USD 40.13 billion by 2030.

Pet food ingredients are substances used in pet foods, treats, and supplements. They include proteins, carbohydrates, fats and oils, minerals, vitamins, and other additives such as preservatives and colors. Although the ingredients used in pet meals vary significantly depending on the product type and producer, all pet food products should adhere to a set of nutritional standards established by the Association of American Feed Control Officials to be marketed as complete pet food or treat. Additionally, many manufacturers are beginning to use natural or organic ingredients to appeal to consumers' health-conscious purchasing habits. Essential nutrients via different food ingredients are crucial for pets as they fulfill specific roles and meet the nutritional requirements necessary for their overall health and well-being. The rising number of pet adoptions and pet population, growing pet humanization, and surging need for palatability improvement are driving the growth of the pet food ingredients market. However, counterfeit products, stringent rules and regulations, and sourcing limitations may hinder market growth. Nevertheless, the emerging novel startups with customized solutions, the rise in adoption of premium pet foods, and the introduction of unknown ingredients may overcome this challenge and expand the market growth. Moreover, the shifting trends toward homemade pet foods and gourmet food create a lucrative spectrum for the market in the forecast period.

KEY MARKET STATISTICS
Base Year [2023]	USD 26.51 billion
Estimated Year [2024]	USD 28.06 billion
Forecast Year [2030]	USD 40.13 billion
CAGR (%)	6.09%

Type: Growing usage of additives enhancing pet food shelf life

Additives in pet food serve several functions, including preserving freshness, providing essential nutrients, enhancing flavor, and promoting digestibility. Common additives include taurine for cardiovascular health and probiotics for gut health. Preference for certain additives is based on targeted health benefits and the use of natural versus synthetic additives. Cereals such as corn, wheat, rice, and barley are common carbohydrate sources in pet food. They provide energy and dietary fiber, though the preference for grain-free diets has altered the demand. Cereal choice in pet food formulation depends on the desired nutritional profile and any allergies or sensitivities the pet may have. Fats are a crucial energy source and help absorb fat-soluble vitamins. They also play a role in maintaining healthy skin and coat. Sources include plant oils, including flaxseed, and animal fat. The preference for fat sources is often based on the balance between unsaturated and saturated fats and the trend toward more natural and sustainable sources. Meat & meat products provide protein, essential amino acids, fat, and other nutrients, and primary sources include chicken, beef, fish, and lamb. Consumer beliefs, pet taste preferences, and pricing can dictate the choice of meat. With a rise in ethical considerations, the choice of free-range, organic, and locally sourced meat is increasingly prominent. Pet food includes vegetables for their vitamins, minerals, and fiber content, which are essential for digestion and overall health. Preference for vegetable inclusion is influenced by trends such as organic produce or low-carb diets. Common vegetables used include peas, carrots, and sweet potatoes.

Pet: Rising demand for pet food ingredients for providing a balanced diet to dogs

Cats are obligate carnivores with a distinct preference for high-protein diets. Their pet food includes a range of animal-based proteins such as chicken, fish, and beef. Taurine is an essential amino acid often added to cat food, as its deficiency can cause serious health issues in felines. Additionally, cat foods are formulated to minimize the risk of urinary tract infections by maintaining a balanced pH level. Dogs are omnivores requiring a balanced diet that includes proteins, carbohydrates, fats, vitamins, and minerals. Meat is a significant component, and plant-based ingredients, including peas, sweet potatoes, and brown rice, are also integral for energy and fiber. The rise in grain-free and hypoallergenic dog foods has prompted the use of alternative protein sources such as lamb, venison, or bison, especially for pets with sensitivities. Fish require diets rich in specific nutrients, including omega-3 fatty acids found abundantly in marine sources. Fish food typically comes in the form of flakes or pellets and includes fish meal, squid meal, shrimp meal, seaweed, and spirulina. These ingredients cater to dietary needs specific to freshwater or marine species, with color-enhancing properties being a common requirement for ornamental fish.

Form: Increasing preference for dry ingredients due to their non-perishability and cost-effectiveness

Dry ingredients are integral to formulating kibble and other moisture-free pet foods. Their low moisture content ensures a longer shelf life, typically allowing for more economical packaging and transportation. Preference for dry ingredients is often driven by their ease of storage and extended shelf life, appealing to cost-conscious manufacturers and consumers. Liquid ingredients are essential for wet pet foods and can enhance dry pet foods' moisture and flavor profile when used as coatings. Key liquid ingredients include fats & oils, broths & gravies, glycerin, and additives that enhance taste. Liquid ingredients satisfy the preference for more flavorful and moisture-rich diets, which benefit hydration and may be more palatable for some pets. They are associated with higher production costs and shorter shelf life than dry ingredients.

Sales Channel: Growing availability of pet food ingredients across online sales channels due to the convenience of home delivery

Hypermarkets serve as one-stop destinations, offering various pet food products from different manufacturers under one roof. They usually provide multiple choices at various prices, catering to a broad consumer base. Customers who prefer to physically evaluate the product before purchasing or who enjoy the convenience of buying pet food alongside their regular grocery shopping often lean towards hypermarkets. Internet sales have become increasingly popular due to the convenience of home delivery and the ability to shop a vast selection online. This channel is preferred by price-sensitive consumers interested in comparing products and prices and those looking for specialty products that may not be available in physical stores. Specialized pet shops offer a curated selection of pet food, often focusing on premium, organic, or prescription diet options. Knowledgeable staff and high customer service characterize these outlets, catering to pet owners looking for specific dietary solutions and expert advice.

Regional Insights

The American pet food ingredients market represents significant growth prospects due to strong players, high adoption of pets, and surging novel startups in this domain. Moreover, there has been a shift toward premium pet foods due to increased awareness among American pet owners about the ingredients used in pet food products. Natural and organic ingredients are becoming increasingly significant in the United States due to their perceived pet health benefits. Premiumization has also been observed across the EMEA region due to stronger animal welfare regulations and increasing concern about allergies and health issues related to pet food ingredients. In the APAC region, pet owners are increasingly keen on understanding what is in their pets' food and are willing to pay more for healthier options. As incomes continue to rise, more people can afford premium brands, making it a lucrative market for high-quality pet foods and natural and organic ingredients.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Pet Food Ingredients Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Pet Food Ingredients Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Pet Food Ingredients Market, highlighting leading vendors and their innovative profiles. These include AFB International, Alltech, Archer Daniels Midland Company, BASF SE, BENEO GmbH, Bentoli, Inc., Bioiberica S.A.U., Biorigin, Blue Buffalo Company, Ltd., Camlin Fine Sciences Limited, Cargill, Inc., Champion Petfoods LP, Corbion N.V., Darling Ingredients Inc., Dr. Harvey's, Elanco, FoodSafe Technologies, Grandma Lucy's LLC, Impextraco NV, Ingredion Incorporated, International Flavors & Fragrances Inc., Interquell GmbH, Kemin Industries, Inc., Kerry Group PLC, Koninklijke DSM N.V, Lallemand Inc., Nestle S.A., Symrise, The Scoular Company, and Wellness Pet Company, Inc..

Market Segmentation & Coverage

This research report categorizes the Pet Food Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Additives
  - Enzymes
  - Vitamins & Minerals

Cereals
- Barley
- Corn & Cornmeal
- Rice
- Wheat & Wheatmeal

Fats
- Fish Oil
- Lard
- Poultry Fat
- Tallow
- Vegetable Oil

Meat & Meat Products
- Animal Digest
- By-Product Meal
- Deboned Meat
- Meat Meal

Vegetables
- Carrots
- Potatoes
- Soybean & Soybean Meal

Form
- Dry Ingredients
- Liquid Ingredients

Source
- Animal-Based
- Plant-Based
- Synthetic

Function
- Acidulants
- Antimicrobials / Mold Inhibitors
- Antioxidant
- Flavours
- Palatability Enhancer

Pet
- Birds
- Cat
- Dog
- Fish

Distribution Channel
- Offline
- Online

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Pet Food Ingredients Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Pet Food Ingredients Market?

3. What are the technology trends and regulatory frameworks in the Pet Food Ingredients Market?

4. What is the market share of the leading vendors in the Pet Food Ingredients Market?

5. Which modes and strategic moves are suitable for entering the Pet Food Ingredients Market?

Product Code: MRR-43422F546EE6

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing pet population and pet adoption across the globe
  - 5.1.1.2. Rising trend of pet humanization and substantial spending by pet parents
  - 5.1.1.3. Surging need for palatability improvement in pet food
- 5.1.2. Restraints
  - 5.1.2.1. Limited sources of ingredients and price sensitivity
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging novel startups with customized portfolio for pet foods
  - 5.1.3.2. Shifting focus towards premium pet foods and novel pet food ingredients
- 5.1.4. Challenges
  - 5.1.4.1. Availability of counterfeit products and stringent rules & regulations
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing usage of additives enhancing pet food shelf life
- 5.2.2. Pet: Rising demand for pet food ingredients for providing a balanced diet to dogs
- 5.2.3. Form: Increasing preference for dry ingredients due to their non-perishability and cost-effectiveness
- 5.2.4. Sales Channel: Growing availability of pet food ingredients across online sales channels due to the convenience of home delivery
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Pet Food Ingredients Market, by Type

6.1. Introduction
6.2. Additives
6.3. Cereals
6.4. Fats
6.5. Meat & Meat Products
6.6. Vegetables

7. Pet Food Ingredients Market, by Form

7.1. Introduction
7.2. Dry Ingredients
7.3. Liquid Ingredients

8. Pet Food Ingredients Market, by Source

8.1. Introduction
8.2. Animal-Based
8.3. Plant-Based
8.4. Synthetic

9. Pet Food Ingredients Market, by Function

9.1. Introduction
9.2. Acidulants
9.3. Antimicrobials / Mold Inhibitors
9.4. Antioxidant
9.5. Flavours
9.6. Palatability Enhancer

10. Pet Food Ingredients Market, by Pet

10.1. Introduction
10.2. Birds
10.3. Cat
10.4. Dog
10.5. Fish

11. Pet Food Ingredients Market, by Distribution Channel

11.1. Introduction
11.2. Offline
11.3. Online

12. Americas Pet Food Ingredients Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Pet Food Ingredients Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Pet Food Ingredients Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. US Pet Food Companies Natural Balance, Canidae Merge
- 15.3.2. Mars Petcare Completes Acquisition of Champion Petfoods
- 15.3.3. Blue Star Foods Signs USD 4 Million Pet Food Contract
15.4. Strategy Analysis & Recommendation

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio