Pet Food Ingredients Market Research Report by Category, by Ingredient, by Use-Case, by distribution channel, and By Region Industry Forecast Till 2032

Description

List of Tables

Pet Food Ingredients Market Research Report by Category (Conventional and Rendered), by Ingredient (ADX and Antimicrobials), by Use-Case (Dog Food, Cat Food, Fish Food, and Others), by distribution channel (Direct and Indirect), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Industry Forecast Till 2032

Overview of the Market

In 2023, the pet food ingredients market was estimated to be worth USD 47.9 billion. According to projections, the pet food ingredients market is expected to rise at a compound annual growth rate (CAGR) of 7.82% from 2024 to 2032, from USD 51.65 billion to USD 94.31 billion. The primary main factors propelling the expansion of the pet food ingredients market are the growing trend of humanizing pets and the increased emphasis on pet health and wellness.

Over the past few years, CPG growth has been significantly influenced by the expansion of eCommerce. In fact, it is anticipated that eCommerce spending will climb by 20% from 2022 to $36 billion in 2023.2. More pet owners are opting to purchase pet food online, which has the same effect on the pet food sector. In actuality, online sales over the past 12 months have increased by 21.3% to $15 billion. The majority of dollars are still spent in-store, even though growth patterns are being driven by online pet food purchases. Although online purchases have increased significantly year over year, they are still less than the $34.7 billion spent in-store. Online platforms are adapting their offerings and marketing to reflect a changing demography, which is why consumers are moving to online shopping.

Perspectives on Market Component Segments

The global pet food ingredients market is divided into two segments based on category: rendering and conventional.

AOX and antimicrobials are included in the market segmentation based on ingredient.

Dogs, cats, fish, and other foods are included in the global pet food ingredients market segmentation based on use case.

Direct and indirect market segmentation are based on the distribution route.

Regional Perspectives

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa are the regions for which the study offers market information. In 2023, approximately 38.40 percent of the pet food ingredients market was in North America. A sizable and devoted pet owner community in the area fuels a robust and sizable pet care industry. Selective consumer tastes, affordability, a focus on natural foods, and a heightened awareness of animal health and welfare are the hallmarks of the North American market. Specialty and therapeutic diets have become increasingly popular as a result of the trend toward humanizing pets and the resulting need for premium, nutrient-dense pet food components.

Due in large part to the high level of consumer demand for goods, Europe is predicted to hold the second-largest market share. Europe is a major player in the worldwide market for pet food ingredients because of its sophisticated customer base and well-established pet care sector. This region, which includes nations like the UK, Germany, France, and Italy, has a high pet ownership rate and a culture that values companion animals' health and welfare.

Key Players

Kemin Industries, Inc., BASF SE, Koninklijke DSM N.V., Archer Daniel Midlands Company, Cargill, Incorporated, Ingredion, Biorigin, Impextraco NV, Alltech, and Vitablend Nederland B.V. are the market's leading companies.

Product Code: MRFR/AGR/4993-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA AGRICULTURE PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 TRADE ANALYSIS APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING TREND OF HUMANIZATION OF PETS
- 4.2.2 GROWING FOCUS ON PET HEALTH AND WELLNESS
- 4.2.3 RISE IN PET OWNERSHIP
4.3 RESTRAINTS
- 4.3.1 HIGH PRICE OF THE RAW MATERIAL AND THE PET FOODS
- 4.3.2 LIMITED AVAILABILITY OF INGREDIENTS
4.4 OPPORTUNITY
- 4.4.1 SHIFT IN FOCUS TOWARD NATURAL AND GRAIN-FREE PRODUCTS
- 4.4.2 INCREASED DEMAND FOR NATURAL, HIGH-QUALITY INGREDIENTS ALIGNING WITH PET OWNER PREFERENCE
4.5 CHALLENGES
- 4.5.1 REGULATORY CHALLENGES
- 4.5.2 THREAT FROM COUNTERFEIT PRODUCTS
4.6 STRATEGIC INSIGHTS
- 4.6.1 TECHNOLOGY UPDATE
- 4.6.2 REGIONAL MARKET TO LOOKOUT FOR
4.7 REGULATORY UPDATE
4.8 MARKET TRENDS
4.9 IMPACT ANALYSIS OF COVID-19
- 4.9.1 IMPACT ON THE OVERALL SNACKS INDUSTRY
  - 4.9.1.1 ECONOMIC IMPACT
- 4.9.2 IMPACT ON THE GLOBAL PET FOOD INGREDIENTS MARKET
- 4.9.3 IMPACT ON THE SUPPLY CHAIN OF PET FOOD INGREDIENTS
- 4.9.4 IMPACT ON THE MARKET DEMAND FOR PET FOOD INGREDIENTS
  - 4.9.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
  - 4.9.4.2 CONSUMER SENTIMENTS
- 4.9.5 IMPACT ON THE PRICE OF PET FOOD INGREDIENTS
- 4.9.6 IMPACT ON THE CONSUMER BEAVIOUR ANALYSIS

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL
- 5.1.2 MANUFACTURING/PRODUCTION/PROCESSING
- 5.1.3 PACKAGING
5.2 SUPPLY CHAIN ANALYSIS
- 5.2.1 PARTICIPANTS (AT DIFFERENT NODES)
  - 5.2.1.1 RAW MATERIAL SUPPLIERS
  - 5.2.1.2 MANUFACTURERS
  - 5.2.1.3 DISTRIBUTOR
  - 5.2.1.4 END USE INDUSTRIES
- 5.2.2 INTEGRATION LEVELS
- 5.2.3 KEY ISSUES ADDRESSED (KEY SUCCESS FACTORS)
5.3 PORTER'S FIVE FORCES MODEL
- 5.3.1 BARGAINING POWER OF SUPPLIERS
- 5.3.2 BARGAINING POWER OF BUYERS
- 5.3.3 THREAT OF NEW ENTRANTS
- 5.3.4 THREAT OF SUBSTITUTES
- 5.3.5 INTENSITY OF RIVALRY
5.4 PRICING ANALYSIS ON GLOBAL NON-GMO TOCOPHEROL AND ROSEMARY EXTRACT, 2020-2025, USD PER KG

6 GLOBAL PET FOOD INGREDIENTS MARKET, BY CATEGORY

6.1 INTRODUCTION
6.2 CONVENTIONAL
6.3 RENDERED

7 GLOBAL PET FOOD INGREDIENTS MARKET, BY INGREDIENT

7.1 AOX
7.2 ANTIMICROBIAL

8 GLOBAL PET FOOD INGREDIENTS MARKET, BY USE-CASE

8.1 INTRODUCTION
8.2 DOG FOOD
8.3 CAT FOOD
8.4 FISH FOOD
8.5 OTHERS

9 GLOBAL PET FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL

9.1 INTRODUCTION
9.2 INDIRECT
9.3 DIRECT

10 GLOBAL PET FOOD INGREDIENTS MARKET, BY REGION

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 U.S.
- 10.2.2 CANADA
- 10.2.3 MEXICO
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 FRANCE
- 10.3.3 UK
- 10.3.4 SPAIN
- 10.3.5 ITALY
- 10.3.6 REST OF EUROPE
10.4 ASIA-PACIFIC
- 10.4.1 CHINA
- 10.4.2 INDIA
- 10.4.3 JAPAN
- 10.4.4 SOUTH KOREA
- 10.4.5 REST OF ASIA-PACIFIC
10.5 SOUTH AMERICA
- 10.5.1 BRAZIL
- 10.5.2 ARGENTINA
- 10.5.3 REST OF SOUTH AMERICA
10.6 MIDDLE EAST & AFRICA
- 10.6.1 GCC COUNTRIES
- 10.6.2 TURKEY
- 10.6.3 NORTHERN AFRICA
- 10.6.4 SOUTHERN AFRICA

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 COMPETITION DASHBOARD
11.3 COMPAY MARKET SHARE ANALYSIS, 2022
11.4 WHO ARE THE MARKET DISRUPTORS & INNOVATORS?
11.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS?
11.6 COMPETITIVE BENCHMARKING
11.7 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL PET FOOD

INGREDIENTS MARKET 156

11.8 LIST OF KEY PLAYERS, BY REGION
11.9 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022
11.10 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.10.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
- 11.10.2 CAPACITY EXPANSION
- 11.10.3 INVESTMENT
- 11.10.4 AGREEMENT/ACQUISITION/PARTNERSHIP

12 COMPANY PROFILES

12.1 KEMIN INDUSTRIES, INC.
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGY
12.2 BASF SE
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGY
12.3 KONINKLIJKE DSM N.V.
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGY
12.4 ARCHER DANIEL MIDLANDS COMPANY
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGY
12.5 CARGILL, INCORPORATED
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGY
12.6 INGREDION INCORPORATED
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGY
12.7 BIORIGIN
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGY
12.8 IMPEXTRACO NV
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGY
12.9 ALLTECH
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGY
12.10 VITABLEND NEDERLAND B.V.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGY