HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: May 2018
Report Code: AGI 6240

 

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[176 Pages Report] The pet food ingredients market was valued at USD 33.28 billion in 2017; this is projected to grow at a CAGR of 5.4% from 2018, to reach a value of 45.44 billion by 2023. The basic objective of the report is to define, segment, and project the global market size of the pet food ingredients market on the basis of ingredient, source, form, pet, and region. It will also help to understand the structure of the pet food ingredients market by identifying its various segments. The other objectives include analyzing the opportunities in the market for the stakeholders, providing the competitive landscape of the market trends, and projecting the size of the pet food ingredients market and its submarkets, in terms of value (USD million) and volume (KT).

Pet Food Ingredients Market

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This research study involved the extensive use of secondary sources, which included directories and databases—such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the pet food ingredients market. The primary sources that have been involved include industry experts from the core and related industries and preferred suppliers, dealers, manufacturers, alliances, standards & certification organizations from companies; and organizations related to all the segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied in drafting this report on the pet food ingredients market.

Pet Food Ingredients Market

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Key participants in the pet food ingredients market are the pet food ingredients manufacturers, suppliers, and regulatory bodies. 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 Frθres (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:

  • Pet food ingredient manufacturers
  • Regulatory bodies
  • Intermediary suppliers
  • End users

“The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.”

Scope of the Report

On the basis of ingredient, the pet food ingredients market has been segmented as follows:

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

On the basis of form, the pet food ingredients market has been segmented as follows:

  • Liquid
  • Dry

On the basis of pet, the pet food ingredients market has been segmented as follows:

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

On the basis of source, the pet food ingredients market has been segmented as follows:

  • Animal-based
  • Plant-based
  • Synthetic

On the basis of region, the pet food ingredients market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW (The Middle East & Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs.

The following customization options are available for the report:

Segment Analysis

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

Regional Analysis

    • Further breakdown of the Rest of Asia Pacific pet food ingredients market, by country
    • Further breakdown of the Rest of Europe pet food ingredients market, by country

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 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 Frθres
           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 Market Size, By Ingredient, 2016–2023 (USD Million)
      Table 3 Meat & Meat Products: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 4 Deboned Meat: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 5 Meat Meal: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 6 By-Product Meal: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 7 Animal Digest: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 8 Cereals: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
      Table 9 Corn & Cornmeal: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 10 Wheat & Wheatmeal: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 11 Barley: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 12 Rice: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 13 Fruits: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 14 Vegetables: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 15 Potatoes: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 16 Carrots: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 17 Soybean & Soybean Meal: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 18 Fats: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 19 Fish Oil: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 20 Tallow : Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 21 Lard: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 22 Poultry Fat : Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 23 Vegetable Oil: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 24 Additives: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 25 Vitamins & Minerals: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 26 Enzymes: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 27 Other Additives: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 28 Market Size for Pet Food Ingredients, By Pet, 2016–2023 (USD Million)
      Table 29 Dog: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 30 Cat: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 31 Fish: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 32 Others: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 33 Market Size for Pet Food Ingredients, By Form, 2016–2023 (USD Million)
      Table 34 Dry: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 35 Liquid: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
      Table 36 Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 37 Animal-Based: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 38 Plant-Based: Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 39 Synthetic: Pet Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
      Table 40 Market Size for Pet Food Ingredients, By Region, 2016–2023 (USD Million)
      Table 41 Market Size, By Region, 2016–2023 (KT)
      Table 42 North America: Market Size for Pet Food Ingredients, 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: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 50 Mexico: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 51 Europe: Market Size for Pet Food Ingredients, 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: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 58 Germany: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
      Table 59 Italy: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 60 Russia: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 61 France: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 62 Rest of Europe: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 63 Asia Pacific: Market Size for Pet Food Ingredients, 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: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 70 Australia & New Zealand: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 71 India: Pet Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
      Table 72 Japan: Market Size for Pet Food Ingredients, 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: Market Size for Pet Food Ingredients, 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: Market Size for Pet Food Ingredients, 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: Market Size for Pet Food Ingredients, By Source, 2016–2023 (USD Million)
      Table 90 Africa: Market Size for Pet Food Ingredients, 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 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 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 Market
      Figure 14 China to Be the Fastest-Growing Country in the 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 Global 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 pet food ingredients market is estimated at USD 34.96 billion in 2018 and is projected to reach USD 45.44 billion by 2023, growing at a CAGR of 5.4% during the forecast period. The increasing pet population and pet adoption trends that are leading to a need to improve the palatability of pet food are some of the key factors influencing the growth of the pet food ingredients market.

      Based on ingredient, the market has been segmented into cereals, meat & meat products, vegetables, fruits, fats, and additives. The meat & meat products segment dominated the market in terms of value in 2017. Meat & meat products form a key source of proteins, which are an essential nutritional requirement for the development of pets. They are obtained at a relatively lower cost, as the majority of these ingredients are byproducts of food products manufactured for human consumption. This serves as an economical solution for pet food manufacturers. Along with being cost-effective, meat & meat products enhance the palatability and acceptability of pet food.

      In terms of type of pets, dogs accounted for the largest share of the global pet food ingredients market in 2017. Growing concerns about pet health and the rising cognizance about the benefits of commercially manufactured pet food have led to the tremendous growth of the concerned market in developing as well as developed countries. A majority of European and North American countries have been witnessing a trend of premiumization and are feeding their dogs with high-quality dog food. With multinational dog food manufacturers capitalizing on this trend and strengthening their presence in emerging markets such as China and Brazil, the market for dog food ingredients is projected to grow at a steady rate.

      In terms of form, the dry ingredients segment accounted for the largest share of the global pet food ingredients market in 2017. Dry ingredients are used in pet food on a large scale, and their popularity can be attributed to their cost-effective nature, and low moisture content, which facilitates convenient handling during processing and storage. Significant demand for dry pet food is also one of the factors fueling the growth of the dry segment in the pet food ingredients market. As opposed to animal-based ingredients such as fresh meat, which has a higher moisture content, meat meal being dehydrated is more concentrated and economical. There are several manufacturers with a strong portfolio of dry pet food ingredients.

      Asia Pacific is projected to be the fastest-growing market for pet food ingredients during the forecast period. This is attributed to the rise in pet food demand in Asia Pacific countries, such as China, Australia, and India, along with a higher focus on overall pet health. Regional markets such as India, China, and Japan are projected to drive the growth of the regional market, owing to the increasing rate of pet adoption by the growing number of nuclear families in these countries. China is projected to dominate the region in terms of both value and volume, during the forecast period, owing to the presence of local pet food ingredient manufacturers who offer pet food grade ingredients at the lowest price, as compared to other countries in the region.

      Pet Food Ingredients Market

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      The key challenge faced by the pet food ingredient manufactures is the increase in instances of counterfeit products being sold in the recent years. The presence of counterfeit products negatively affects the pet food market and the health of pets. Such challenges hamper the pet food market, which further affects the pet food ingredients market.

      Players such as BASF SE (Germany), Archer Daniels Midland Company (US), DowDuPont (US), Cargill, Incorporated (US), and Koninklijke DSM N.V. (Netherlands) have been actively strategizing their growth plans to expand in the pet food ingredients market. These companies have a strong presence in Europe and North America, and also have manufacturing facilities and a strong distribution network across these regions.

      To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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