Pet Food Ingredient Market by Ingredient (Cereals, Meat & Meat Products, Vegetables, Fruits, Fats, and Additives), Source (Animal-based, Plant-based, and Synthetic), Pet (Dog, Cat, and Fish), Form (Dry and Liquid), and Region - Global Forecast to 2023

The pet food ingredients market is valued at USD 33.28 Billion in 2017 and is projected to reach a value of USD 45.44 Billion by 2023, growing at a CAGR of 5.4%. The base year considered for the study is 2017, and the forecast period ranges from 2018 to 2023. The basic objective of the report is to define, segment, and project the global market size for pet food ingredients on the basis of ingredient, source, form, pet, and region. It also helps to understand the structure of the market by identifying its various segments. The other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and micro indicators of this market to provide factor analysis, and to project the size of this market.

This report includes estimations of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global pet food ingredients market and to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through secondary research (some of the sources are press releases, paid databases such as Factiva and Bloomberg, annual reports, and financial journals); their market share in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.

To know about the assumptions considered for the study, download the pdf brochure

The key players that are profiled in the report include Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients Inc. (US), Omega Protein Corporation (US), DowDuPont Inc. (US), Kemin Industries, Inc. (US), InVivo (France), and John Pointon & Sons Ltd. (UK).

This report is targeted at the existing players in the industry, which include the following:

• Regulatory and research organizations
• Raw material producers, suppliers, and distributors
• Equipment manufacturers, traders, distributors, and dealers
• Pet food ingredient manufacturers, traders, distributors, and dealers

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

On the basis of Ingredient, the market has been segmented as follows:

• Cereals
• Meat & meat products
• Vegetables
• Fruits
• Fats
• Additives

On the basis of Form, the market has been segmented as follows:

• Liquid
• Dry

On the basis of Pet, the market has been segmented as follows:

• Dog
• Cat
• Fish
• Others (birds, rabbits, and horses)

On the basis of Source, the market has been segmented as follows:

• Animal-based
• Plant-based
• Synthetic

On the basis of Region, the market has been segmented as follows:

• North America
• Europe
• Asia Pacific
• South America
• RoW (the Middle East and Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the report:

Product Analysis

• Product Matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

• Further breakdown of the Rest of Europe pet food ingredients market into Poland, Spain, Ukraine, and the Netherlands

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Units Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Opportunities in this Market
    4.2 Pet Food Ingredients Market: Key Country
    4.3 Market, By Source
    4.4 Developed vs Developing Markets for Pet Food Ingredients
    4.5 Pet Food Ingredients Market, By Form & Region
    4.6 Market, By Pet
    4.7 North America: Pet Food Ingredients Market, By Ingredient & Country, 2017

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Pet Population and Pet Adoption
                    5.2.1.2 Increasing Trend of Pet Humanization
                    5.2.1.3 Need to Improve Palatability of Pet Food
           5.2.2 Restraints
                    5.2.2.1 Limited Availability of Ingredients and Price Sensitivity
                    5.2.2.2 Stringent Rules & Regulations
           5.2.3 Opportunities
                    5.2.3.1 Emerging Regional Markets
                    5.2.3.2 Shift in Focus Toward Premium Pet Foods and Novel Pet Food Ingredients
           5.2.4 Challenges
                    5.2.4.1 Presence of Counterfeit Products
    5.3 Regulations for Pet Food Ingredients
           5.3.1 Pet Food Ingredient Regulations in Canada
           5.3.2 Pet Food Ingredient Regulations in the Us
           5.3.3 Pet Food Ingredient Regulations in Europe
           5.3.4 Pet Food Ingredient Regulations in Japan
    5.4 Introduction
    5.5 Value Chain Analysis
    5.6 Supply Chain Analysis

6 Pet Food Ingredients Market, By Ingredient (Page No. - 52)
    6.1 Introduction
    6.2 Meat & Meat Products
           6.2.1 Deboned Meat
           6.2.2 Meat Meal
           6.2.3 By-Product Meal
           6.2.4 Animal Digest
    6.3 Cereals
           6.3.1 Corn & Cornmeal
           6.3.2 Wheat & Wheatmeal
           6.3.3 Barley
           6.3.4 Rice
           6.3.5 Fruits
    6.4 Vegetables
           6.4.1 Potatoes
           6.4.2 Carrots
           6.4.3 Soybean & Soybean Meal
    6.5 Fats
           6.5.1 Fish Oil
           6.5.2 Tallow
           6.5.3 Lard
           6.5.4 Poultry Fat
           6.5.5 Vegetable Oil
    6.6 Additives
           6.6.1 Vitamins & Minerals
           6.6.2 Enzymes
           6.6.3 Other Additives

7 Pet Food Ingredients Market, By Pet (Page No. - 73)
    7.1 Introduction
    7.2 Dog
    7.3 Cat
    7.4 Fish
    7.5 Others

8 Pet Food Ingredients Market, By Form (Page No. - 78)
    8.1 Introduction
    8.2 Dry Ingredients
    8.3 Liquid Ingredients

9 Pet Food Ingredients Market, By Source (Page No. - 82)
    9.1 Introduction
    9.2 Animal-Based
    9.3 Plant-Based
    9.4 Synthetic

10 Pet Food Ingredients Market, By Region (Page No. - 87)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 Italy
             10.3.4 Russia
             10.3.5 France
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Australia & New Zealand
             10.4.3 India
             10.4.4 Japan
             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 Rest of the World (RoW)
             10.6.1 Middle East
             10.6.2 Africa

11 Competitive Landscape (Page No. - 122)
     11.1 Overview
     11.2 Market Ranking
             11.2.1 Key Market Strategies
     11.3 Competitive Scenario
             11.3.1 Expansions & Investments
             11.3.2 Mergers & Acquisitions
             11.3.3 New Product Launches
             11.3.4 Agreements, Joint Ventures, Collaborations & Partnerships

12 Company Profiles (Page No. - 129)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 BASF
     12.2 ADM
     12.3 DSM
     12.4 Cargill
     12.5 Ingredion
     12.6 Roquette Frères
     12.7 Sunopta
     12.8 Darling Ingredients
     12.9 Omega Protein Corporation
     12.10 John Pointon & Sons Ltd.
     12.11 Dowdupont
     12.12 Kemin
     12.13 Invivo

“ * The companies listed are a representative sample of the market’s ecosystem and in no particular order”

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 167)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (95 Tables)

Table 1 US Dollar Exchange Rate Considered for Study, 2014–2017
Table 2 Pet Food Ingredients Market Size, By Ingredient, 2016–2023 (USD Million)
Table 3 Meat & Meat Products: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 4 Deboned Meat: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 5 Meat Meal: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 6 By-Product Meal: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 7 Animal Digest: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 8 Cereals: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 9 Corn & Cornmeal: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 10 Wheat & Wheatmeal: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 11 Barley: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 12 Rice: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 13 Fruits: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 14 Vegetables: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 15 Potatoes: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 16 Carrots: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 17 Soybean & Soybean Meal: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 18 Fats: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 19 Fish Oil: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 20 Tallow : Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 21 Lard: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 22 Poultry Fat : Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 23 Vegetable Oil: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 24 Additives: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 25 Vitamins & Minerals: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 26 Enzymes: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 27 Other Additives: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 28 Pet Food Ingredients Market Size, By Pet, 2016–2023 (USD Million)
Table 29 Dog: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 30 Cat: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 31 Fish: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 32 Others: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 33 Pet Food Ingredients Market Size, By Form, 2016–2023 (USD Million)
Table 34 Dry: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 35 Liquid: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 36 Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 37 Animal-Based: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 38 Plant-Based: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 39 Synthetic: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 40 Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 41 Market Size, By Region, 2016–2023 (KT)
Table 42 North America: Pet Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 43 North America: Market Size, By Country, 2016–2023 (KT)
Table 44 North America: Market Size, By Ingredient, 2016–2023 (USD Million)
Table 45 North America: Market Size, By Source, 2016–2023 (USD Million)
Table 46 North America: Market Size, By Pet, 2016–2023 (USD Million)
Table 47 North America: Market Size, By Form, 2016–2023 (USD Million)
Table 48 US: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 49 Canada: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 50 Mexico: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 51 Europe: Pet Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 52 Europe: Market Size, By Country, 2016–2023 (KT)
Table 53 Europe: Market Size, By Ingredient, 2016–2023 (USD Million)
Table 54 Europe: Market Size, By Source, 2016–2023 (USD Million)
Table 55 Europe: Market Size, By Pet, 2016–2023 (USD Million)
Table 56 Europe: Market Size, By Form, 2016–2023 (USD Million)
Table 57 UK: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 58 Germany: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 59 Italy: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 60 Russia: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 61 France: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 62 Rest of Europe: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 63 Asia Pacific: Pet Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 64 Asia Pacific: Market Size, By Country, 2016–2023 (KT)
Table 65 Asia Pacific: Market Size, By Ingredient, 2016–2023 (USD Million)
Table 66 Asia Pacific: Market Size, By Source, 2016–2023 (USD Million)
Table 67 Asia Pacific: Market Size, By Pet, 2016–2023 (USD Million)
Table 68 Asia Pacific: Market Size, By Form, 2016–2023 (USD Million)
Table 69 China: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 70 Australia & New Zealand: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 71 India: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 72 Japan: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 73 Rest of Asia Pacific: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 74 South America: Pet Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 75 South America: Market Size, By Country, 2016–2023 (KT)
Table 76 South America: Market Size, By Ingredient, 2016–2023 (USD Million)
Table 77 South America: Market Size, By Source, 2016–2023 (USD Million)
Table 78 South America: Market Size, By Pet, 2016–2023 (USD Million)
Table 79 South America: Market Size, By Form, 2016–2023 (USD Million)
Table 80 Brazil: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 81 Argentina: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 82 Rest of South America: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 83 RoW: Pet Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 84 RoW: Market Size, By Country, 2016–2023 (KT)
Table 85 RoW: Market Size, By Ingredient, 2016–2023 (USD Million)
Table 86 RoW: Market Size, By Source, 2016–2023 (USD Million)
Table 87 RoW: Market Size, By Pet, 2016–2023 (USD Million)
Table 88 RoW: Market Size, By Form, 2016–2023 (USD Million)
Table 89 Middle East: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 90 Africa: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 91 Top Five Companies in the Pet Food Ingredients Market, 2016
Table 92 Expansions & Investments, 2015–2017
Table 93 Mergers & Acquisitions, 2013–2017
Table 94 New Product Launches, 2013–2017
Table 95 Agreements, Joint Ventures, Collaborations & Partnerships, 2012–2018

List of Figures (47 Figures)

Figure 1 Pet Food Ingredients Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Pet Food Ingredients: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Pet Food Ingredients Market Size, By Region, 2017 vs 2023 (USD Billion)
Figure 9 Market Size, By Form, 2017 vs 2023 (USD Billion)
Figure 10 Pet Food Ingredients Market Share (Value), By Source, 2017 vs 2023
Figure 11 Dog Food to Be the Most Attractive Market for the Application of Pet Food Ingredients, 2017 vs 2023
Figure 12 Asia Pacific is Projected to Register the Highest Growth Rate in the Pet Food Ingredients Market, 2018–2023
Figure 13 Emerging Countries to Drive the Growth of the Pet Food Ingredients Market
Figure 14 China to Be the Fastest-Growing Country in the Pet Food Ingredients Market Through 2023
Figure 15 Animal-Based and Plant-Based Ingredients to Dominate the Market, 2017
Figure 16 Developing Countries to Emerge at Higher Growth Rates During the Forecast Period
Figure 17 North America Dominated Markets for Both the Forms of Pet Food Ingredients in 2017
Figure 18 Dog Segment Projected to Be the Largest By 2023
Figure 19 US Accounted for the Largest Share in 2017
Figure 20 Market Dynamics: Pet Food Ingredients Market
Figure 21 Increase in Percentage of Pet Owners Giving Treats to Their Pets, in the US (2012–2016)
Figure 22 Percentage Household Owning (At Least One) Cat/Dog (2014)
Figure 23 Total US Pet Industry Expenditures
Figure 24 Value Chain Analysis of Pet Food Ingredients Industry
Figure 25 Supply Chain Analysis of Pet Food Ingredients Industry
Figure 26 Pet Food Ingredients Market Share, By Ingredient, (USD Million), 2017
Figure 27 Market Share (Value), By Pet, 2017
Figure 28 Market Share (Value), By Form, 2017
Figure 29 Geographic Snapshot (2018–2023): Rapidly Growing Markets are Emerging as New Hotspots
Figure 30 North America: Market Snapshot
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Key Developments of the Leading Players in the Pet Food Ingredients Market Between 2012 & 2018
Figure 33 Pet Food Ingredients Market Developments, By Growth Strategy, 2012–2018
Figure 34 BASF: Company Snapshot
Figure 35 BASF: SWOT Analysis
Figure 36 ADM: Company Snapshot
Figure 37 ADM: SWOT Analysis
Figure 38 DSM: Company Snapshot
Figure 39 DSM: SWOT Analysis
Figure 40 Cargill: Company Snapshot
Figure 41 Cargill: SWOT Analysis
Figure 42 Ingredion: Company Snapshot
Figure 43 Ingredion: SWOT Analysis
Figure 44 Sunopta: Company Snapshot
Figure 45 Darling Ingredients: Company Snapshot
Figure 46 Omega Protein Corporation: Company Snapshot
Figure 47 Invivo: Company Snapshot

The global pet food ingredients market is estimated at USD 34.96 Billion in 2018, and is projected to reach a value of USD 45.44 Billion by 2023, growing at a CAGR of 5.4%. The market is primarily driven by factors such as increasing pet population and rising trend of pet humanization.

On the basis of the ingredient, the market has been segmented into cereals, meat & meat products, vegetables, fruits, fats, and additives. The meat & meat products segment accounted for the largest share, followed by the cereals segment, in 2017. Meat & meat products are obtained at a relatively lower cost, as the majority of these ingredients are byproducts of food products manufactured for human consumption. Thus, it serves as an economical solution for the pet food manufacturers. Along with being cost-effective, meat & meat products enhance the palatability and acceptability of pet food.

According to the type of pet that would require feeding, the global market is segmented into dog, cat, fish, and others (which includes rabbits, birds, and horses). The dog segment accounted for the largest market share in 2017. The growing demand for premium dog food products from developed as well as developing regions is one of the driving factors for the significant share of the dog segment in the pet food ingredients market. Growing concerns about pet health and the rising cognizance about the benefits of commercially manufactured dog food have led to tremendous growth in this market, globally.

On the basis of form, the dry segment accounted for a larger market share in 2017, followed by the liquid segment. The dry form is more widely used in pet food products, and their popularity can be attributed to their cost-effective nature and low moisture content, which facilitates convenient handling during processing and storage. Due to these factors, the market for the dry form of pet food ingredients accounted for the largest share.

The Asia Pacific region is projected to be the fastest-growing market, owing to the increasing rate of pet adoption by the growing number of nuclear families in countries such as China, India, and Japan. Also, the presence of local pet food ingredient manufacturers who offer pet-food-grade ingredients at the lowest price in developing countries such as China, as compared to other countries in the region, is also one of the driving factors for the growth of the pet food ingredients market in this region.

The major restraining factor for this market is the limited availability of ingredients, increase in the cost of production, and rise in the raw material prices, which have resulted in the rise in the prices of pet food ingredients. The high price is one of the biggest limitations for the growth in the sales of pet food ingredients. Also, stringent rules and regulations, due to growing health concerns among pet owners, and strict focus of government authorities on the incorporation of safe and high-quality additives that are correctly labeled in pet foods have an influence on the overall growth of the market. These factors are expected to restrict the growth of the pet food ingredients market in the long run.

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