Pet Food Ingredients Market by Type (Additives, Cereals, Fats), Form (Dry Ingredients, Liquid Ingredients), Source, Function, Pet, Distribution Channel - Global Forecast 2024-2030

Pet Food Ingredients Market by Type (Additives, Cereals, Fats), Form (Dry Ingredients, Liquid Ingredients), Source, Function, Pet, Distribution Channel - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Pet Food Ingredients Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing pet population and pet adoption across the globe
Rising trend of pet humanization and substantial spending by pet parents
Surging need for palatability improvement in pet food

Market Restraints

Limited sources of ingredients and price sensitivity

Market Opportunities

Emerging novel startups with customized portfolio for pet foods
Shifting focus towards premium pet foods and novel pet food ingredients

Market Challenges

Availability of counterfeit products and stringent rules & regulations

Market Segmentation Analysis

Type: Growing usage of additives enhancing pet food shelf life
Pet: Rising demand for pet food ingredients for providing a balanced diet to dogs
Form: Increasing preference for dry ingredients due to their non-perishability and cost-effectiveness
Sales Channel: Growing availability of pet food ingredients across online sales channels due to the convenience of home delivery

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Pet Food Ingredients Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Pet Food Ingredients Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

US Pet Food Companies Natural Balance, Canidae Merge

Natural Balance and Canidae, are joining forces to enhance their manufacturing capabilities and foster product innovation. As part of this merger, Canidae's Pure, Goodness, and All Life Stages brands will be incorporated into the flagship offerings of both companies. The primary objective of this collaboration is to improve well-being and quality of life of pets by providing them with nutrition that is both simple and responsibly sourced.

Mars Petcare Completes Acquisition of Champion Petfoods

Mars Petcare, part of Mars, Incorporated, acquired Champion Petfoods to further enhance their business offerings. With this acquisition, the company planned to complement its global portfolio across pet nutrition products and health services.

Blue Star Foods Signs USD 4 Million Pet Food Contract

Blue Star Foods, a company based in Miami, Florida, USA, secured a contract worth USD 4 million (EUR 3.6 million) with Just Food For Dogs, aimed at expanding its presence in the pet and dog food industry. The expansion is aimed to improve the company's business offerings in the pet food market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Pet Food Ingredients Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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., Nestlé 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

Please Note: PDF & Excel + Online Access - 1 Year