Pet Food Ingredients Market Forecasts to 2030 – Global Analysis By Type (Specialty Proteins, Mold Inhibitors and Other Types), Animal (Fish, Dog and Other Animals) and By Geography

Pet Food Ingredients Market Forecasts to 2030 – Global Analysis By Type (Specialty Proteins, Mold Inhibitors and Other Types), Animal (Fish, Dog and Other Animals) and By Geography

According to Stratistics MRC, the Global Pet Food Ingredients Market is accounted for $64.46 billion in 2024 and is expected to reach $96.20 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Pet food ingredients typically include a combination of proteins, carbohydrates, fats, vitamins, and minerals tailored to meet the nutritional needs of different pets. Proteins often come from animal sources like meat, poultry, or fish, providing essential amino acids. Carbohydrates can be sourced from grains, vegetables, or legumes, offering energy and fiber. Fats are derived from animal fats or plant oils, supplying concentrated energy and essential fatty acids.

According to the European Pet Food Industry Federation(FEDIAF), over 80 million households own at least one pet in Europe.

Market Dynamics:

Driver:

Increasing pet ownership

The increasing pet ownership trend is a significant driver of the pet food ingredient market due to its direct correlation with higher demand for pet food products. As more people choose to have pets, particularly dogs and cats, the need for specialized pet food formulations rises. This trend fuels demand for a diverse range of ingredients tailored to meet the specific nutritional needs, dietary preferences, and health concerns of pets. Manufacturers respond by developing innovative formulations using high-quality, natural, and functional ingredients such as protein sources, vitamins, minerals, and supplements.

Restraint:

Ingredient quality and safety concerns

Ingredient quality and safety concerns are significant restraints due to their direct impact on pet health. Consumers increasingly demand transparency regarding the sourcing, processing, and safety standards of ingredients used in pet food. Contamination risks, such as toxins, pathogens, and allergens, pose health hazards to pets and are major concerns for pet owners. Ensuring high-quality, safe ingredients involve stringent testing and adherence to regulatory standards, which can increase production costs.

Opportunity:

Functional ingredients

Functional ingredients in the pet food ingredient market represent a significant opportunity due to their added health benefits for pets. These ingredients, such as probiotics, omega fatty acids, and antioxidants, cater to the growing demand for pet food that supports specific health needs like digestion, joint health, and skin and coat care. Consumers increasingly seek products that offer preventive health benefits, driving the market for functional ingredients. Manufacturers are innovating to include ingredients that improve overall pet well-being, addressing concerns about pet obesity and aging-related issues.

Threat:

Market saturation in developed regions

Market saturation in developed regions poses a significant threat to the pet food ingredient market due to limited growth opportunities. As pet ownership stabilizes and reaches peak levels, the demand for pet food ingredients becomes stagnant or grows slowly. This saturation intensifies competition among suppliers, leading to price pressures and reduced profit margins. Moreover, consumer preferences in developed markets are shifting towards premium and organic ingredients, challenging traditional suppliers to innovate and adapt.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the pet food ingredient market in several ways. Supply chain disruptions caused by lockdowns and restrictions on transportation led to shortages and price fluctuations for key ingredients like meat, grains, and additives. Changes in consumer behaviour, such as increased pet adoption rates and more home cooking for pets, altered demand patterns. Economic uncertainties also influenced purchasing decisions, with some consumers opting for more budget-friendly options or shifting to higher-quality, premium ingredients.

The specialty proteins segment is expected to be the largest during the forecast period

The specialty protein segment in the pet food ingredient market has experienced notable growth due to increasing consumer awareness and demand for premium pet food formulations that prioritize high-quality ingredients. Specialty proteins, such as those derived from novel sources like insects, plant-based proteins, or specific animal proteins like hydrolysates, cater to this demand for novel and functional ingredients. Additionally, advancements in pet nutrition science have underscored the importance of protein quality and digestibility for pet health, further driving the market for specialty proteins.

The dog segment is expected to have the highest CAGR during the forecast period

The dog segment within the pet food ingredients market has experienced significant growth due to a growing awareness among pet owners about the importance of nutrition for dogs, leading to an increased demand for high-quality and specialized ingredients. This trend has driven innovation in formulations tailored to meet specific health needs, such as weight management, joint health, and allergies. Additionally, the humanization of pets has influenced purchasing decisions, with consumers seeking natural and organic ingredients similar to those they choose for themselves. This has spurred the market for premium ingredients like deboned meats, whole grains, and super foods such as blueberries and kale.

Region with largest share:

In recent years, the North American pet food ingredient market has experienced notable growth driven by several key factors. Increasing pet ownership rates, particularly of dogs and cats, have stimulated demand for high-quality and specialised pet food ingredients. Consumers are increasingly prioritizing the health and well-being of their pets, leading to a rise in demand for natural, organic, and functional ingredients in pet foods. Moreover, advancements in pet nutrition science have underscored the importance of balanced diets, further boosting demand for premium ingredients.
Region with highest CAGR:

The Asia-Pacific region has witnessed significant growth in the pet food ingredient market due to several factors. Increasing pet ownership rates, rising disposable incomes, and changing consumer preferences towards premium pet food products have driven demand. Additionally, urbanization and a shift towards nuclear families have fuelled the adoption of pets, leading to higher consumption of specialized pet food ingredients. The region's expanding middle-class population has also contributed to the growth, with a greater willingness to spend on pet health and nutrition.

Key players in the market

Some of the key players in Pet Food Ingredients market include ADM, AFB International, BASF SE, Cargill, Darling Ingredients Inc, DSM, Ingredion, Kemin industries, Inc, Lallemand Inc, Mowi ASA, Novozymes, Omega protein corporation, Roquette Freres, Saria A/S GmbH & Co. KG, Symrise, The Scoular company and Zinpro Animal Nutrition, Inc.

Key Developments:

In March 2024, International Flavors & Fragrances (IFF.N), said that it would sell its pharma solutions business to French plant-based ingredients maker Roquette in a deal valued at $2.85 billion, as it looks to focus on higher-margin businesses. The move comes at a time when IFF is seeing demand slow for its food ingredients and solutions business, especially from end-users such as consumer goods companies, amid higher interest rates and inflationary pressures.

In January 2024, The Scoular Co. has acquired three grain handling facilities from Skyland Grain near its Pratt, Kansas, US, shuttle-loader, more than doubling the company’s storage capacity in the region while expanding market opportunities for area farmers. The facilities in Trousdale, Cullison and Greensburg expand the company’s footprint in central Kansas, where it has operated a shuttle-loading facility in nearby Pratt for over a decade.

Types Covered:
• Specialty Proteins
• Mold Inhibitors
• Amino Acids
• Phosphates
• Gut Health Ingredients
• Vitamins
• Carotenoids
• Antimicrobials & Antibiotics
• Antioxidants
• Flavors & Sweeteners
• Minerals
• Mycotoxin Detoxifiers
• Acidifiers
• Enzymes
• Protein
• Starches
• Dietary Fiber
• Fruit Ingredients
• Other Types

Animals Covered:
• Fish
• Dog
• Cat
• Other Animals

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements