Pet Food Ingredients Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook: SPER Market Research

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Published: Jan 2024	Report ID: FOOD2415	Pages: 1 - 224	Formats^*:
Category : Food & Beverages

Pet Food Ingredients Market Introduction and Overview

According to SPER Market Research, the Global Pet Food Ingredients Market is estimated to reach USD 66.76 billion by 2033 with a CAGR of 7.09%.

The report includes an in-depth analysis of the Global Pet Food Ingredients Market, including market size and trends, product mix, applications, and supplier analysis. The components and raw materials used in the production of pet food are known as ingredients. These ingredients, which include dogs, cats, birds, reptiles, and small mammals, are carefully chosen to fulfil the nutritional needs of various pet species and to supply the essential nutrients. Ingredients for pet food might differ greatly in terms of their source, quality, and use.

September 2023: Symrise opened a pilot plant for dry pet food in Elven, France. The plant has an R&D section with the goal of measuring palatability performance, conducting laboratory investigations, and comprehending the dry pet food production process.

July 2023: Symrise changed the name of their pet feeding ingredients brand to "Nuvin". The company's offers in chicken, eggs, hydrolyzed protein, and other pet health solutions were intended to be strengthened by this.

Market Opportunities and Challenges

Global pet adoption has increased as a result of the growing consumer awareness of the health-specific demands of pets and the work-from-home trend. The rise in work-from-home opportunities has allowed pet parents to develop stronger bonds with their animals and view them as members of their family. Because varied nutrients is needed for creatures that are inactive, spayed, sick, or very active, this leads to taking care of the individual demands of pets and becoming more conscious of their nutritional needs. The pet industry's need for high-quality pet food is fuelled by these considerations. The growing trend of pet humanization has given rise to a multitude of brands that sell food that is suitable for humans for dogs and cats.

The limited supply of ingredients combined with consumer price sensitivity presents a significant barrier for the pet food ingredients sector. A few essential elements may become scarce due to the growing need for high-quality and diverse substances; this will make it more difficult to satisfy the growing demands of the market. This limited availability is caused by a number of factors, including seasonal variations in crop yields, supply chain disruptions due to geopolitical concerns, and limited availability of certain substances produced from animals. Both pet food producers and owners face difficulties as a result of consumers' price sensitivity. Prices for pet food items may rise as a result of higher expenses related to locating and processing quality ingredients. This might potentially hinder market growth if cost-conscious buyers choose less expensive options or cut back on their overall pet food purchasing.

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Market Competitive Landscape

These market players are placing a strong emphasis on partnering and entering into agreements to increase their footprint. The major players in the Global Pet Food Ingredients Market include: AFB International, Alltech, Biorigin, DuPont Nutrition & Health, Elanco, Eurotec Nutrition, FoodSafe Technologies, Impextraco Ltda Brazil, Pancosma, Symrise.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Ingredients, By Pet, By Form, By Nature
Regions covered	North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered	AFB International, Alltech, Biorigin, DuPont Nutrition & Health, Elanco, Eurotec Nutrition, FoodSafe Technologies, Impextraco Ltda Brazil, Pancosma, Symrise

COVID-19 Impact on Global Pet Food Ingredients Market

The demand for pet food ingredients rising as there is adoption of pets worldwide and the humanization of pets as a result of the work-from-home trend, which has changed consumer perceptions of the pets' nutritional needs. The market for pet food components grew as a result of the COVID-19 outbreak. Since the majority of people adopted pets during the epidemic, sales of components for pet food increased. This increase in sales occurred during the initial lockdown, when people stocked up on food in case there were further shortages. During the epidemic, pet owners were able to spend more time with their animals, which contributed to the developing trend of pet humanization.

Key Target Audience:

Pet food ingredients traders, retailers, and distributors
Pet food ingredients manufacturers & suppliers
Related government authorities, commercial research & development (R&D) institutions.
Regulatory bodies, including government agencies and NGOs
Commercial research & development (R&D) institutions and financial institutions.
Government and research organizations.
Venture capitalists and investors.
Technology providers to pet food ingredients and pet food ingredients companies.
Associations and industry bodies.&nbsp

Our in-depth analysis of the Pet Food Ingredients Market includes the following segments:

By Ingredients:	Additives Fats Fruits and Vegetables Meat & Meat Products Cereals
By Pet:	Cat Dog Fish Others Pets
By Form:	Dry Wet
By Nature:	In-organic Organic

Key Topics Covered in the Report:

Global Pet Food Ingredients Market Size (FYâ€™2023-FYâ€™2033)
Overview of Global Pet Food Ingredients Market
Segmentation of Global Pet Food Ingredients Market By Ingredients (Meat & Meat Products, Fruits & Vegetables, Fats, Additives)
Segmentation of Global Pet Food Ingredients Market By Pet ( Dogs, Fish, Cat)
Segmentation of Global Pet Food Ingredients Market By Form ( Dry, Wet )
Segmentation of Global Pet Food Ingredients Market By Nature ( Organic & Inorganic)
Statistical Snap of Global Pet Food Ingredients Market
Expansion Analysis of Global Pet Food Ingredients Market
Problems and Obstacles in Global Pet Food Ingredients Market
Competitive Landscape in the Global Pet Food Ingredients Market
Impact of COVID-19 and Demonetization on Global Pet Food Ingredients Market
Details on Current Investment in Global Pet Food Ingredients Market
Competitive Analysis of Global Pet Food Ingredients Market
Prominent Players in the Global Pet Food Ingredients Market
SWOT Analysis of Global Pet Food Ingredients Market
Global Pet Food Ingredients Market Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Pet Food Ingredients Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERâ€™s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Pet Food Ingredients Market Manufacturing Base Distribution, Sales Area, Ingredients
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Pet Food Ingredients Market

7. Global Pet Food Ingredients Market , By Ingredients (USD Million)

7.1. Global Pet Food Ingredients Market Value Share and Forecast, By Ingredients 2023-2033
7.2. Additives
7.3. Fats
7.4. Fruits and Vegetables
7.5. Meat & Meat Products Cereals

8. Global Pet Food Ingredients Market , By Pet (USD Million)

8.1. Global Pet Food Ingredients Market Value Share and Forecast, By Pet 2023-2033
8.2. Cat
8.3. Dog
8.4. Fish
8.5. Others Pets

9. Global Pet Food Ingredients Market , By Form (USD Million)

9.1. Global Pet Food Ingredients Market Size Value Share and Forecast, By Form 2023-2033
9.2. Dry
9.3. Wet

10. Global Pet Food Ingredients Market , By Nature (USD Million)

10.1. Global Pet Food Ingredients Market Size Value Share and Forecast, By Nature 2023-2033
10.2. In-organic
10.3. Organic

11. Global Pet Food Ingredients Market , Forecast, 2019-2033 (USD Million)

11.1. Global Pet Food Ingredients Market Size and Market Share

12. Global Pet Food Ingredients Market , By Ingredients 2019-2033 (USD Million)

12.1. Global Pet Food Ingredients Market Size and Market Share, By Ingredients (2019-2026)
12.2. Global Pet Food Ingredients Market Size and Market Share, By Ingredients (2027-2033)

13. Global Pet Food Ingredients Market , By Pet 2019-2033 (USD Million)

13.1. Global Pet Food Ingredients Market Size and Market Share, By Pet (2019-2026)
13.2. Global Pet Food Ingredients Market Size and Market Share, By Pet (2027-2033)

14. Global Pet Food Ingredients Market , By Form 2019-2033 (USD Million)

14.1. Global Pet Food Ingredients Market Size and Market Share, By Form (2019-2026)
14.2. Global Pet Food Ingredients Market Size and Market Share, By Form (2027-2033

15. Global Pet Food Ingredients Market , By Nature 2019-2033 (USD Million)

15.1. Global Pet Food Ingredients Market Size and Market Share, By Nature (2019-2026)
15.2. Global Pet Food Ingredients Market Size and Market Share, By Nature (2027-2033

16. Global Pet Food Ingredients Market , By Region, 2019-2033 (USD Million)

16.1. Global Pet Food Ingredients Market Size and Market Share, By Region (2019-2026)
16.2. Global Pet Food Ingredients Market Size and Market Share, By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America

17. Company Profile

17.1. AFB International
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Alltech
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Biorigin
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. DuPont Nutrition & Health
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Elanco
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Eurotec Nutrition
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Food Safe Technologies
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Impextraco Ltda Brazil
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Pancosma
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Symrise
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is Pet Food Ingredients Market?

Pet Food Ingredients Market is projected to reach USD 66.76 Billion by 2033, growing at a CAGR of 7.09% during the forecast period.

What is the growth rate of Pet Food Ingredients Market?

Pet Food Ingredients Market grew in market size from 2023. The Market is expected to reach USD 66.76 Billion by 2033, at a CAGR of 7.09% during the forecast period.

What is the anticipated CAGR of Pet Food Ingredients Market during the forecast period?

Pet Food Ingredients Market CAGR of 7.09% during the forecast period.

How can I get a sample report on Pet Food Ingredients Market?

You can get the sample pages by clicking the link -Click Here

What is the market size of Pet Food Ingredients Market?

Pet Food Ingredients Market size is USD 66.76 Billion from 2023 to 2033.

Which segment is expected to lead Pet Food Ingredients Market?

Pet Food Ingredients Market Segment is Covered By Ingredients, By Pet, By Form, By Nature

Which region is expected to have the highest market share in Pet Food Ingredients Market?

The North America region is anticipated to have the highest market share in Pet Food Ingredients Market.

Who are the key players in Pet Food Ingredients Market?

The key players in the market include Companies Covered Cumulus Media Inc., Division of Labor, Gumas, iHeartMedia Inc., Jacob Tyler, Kiosk, National Public Radio Inc., Entercom Communications Corp., Sirius XM Radio Inc., Strategic Media Inc., The Radio Agency, Others

What is the conclusion of Pet Food Ingredients Market?

A few essential elements may become scarce due to the growing need for high-quality and diverse substances; this will make it more difficult to satisfy the growing demands of the market.