Pet Food Ingredients Market

Pet Food Ingredients 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 Wet), and Region - Global Forecast to 2025

Report Code: AGI 6240 Jul, 2020, by marketsandmarkets.com

Pet Food Ingredients Market

Global Pet Food Ingredients Market is expected to grow at a CAGR of 6.6%.

Drivers and Restraints:

Market dynamics for pet food ingredients continue to evolve on the basis key drivers and restraints. The rising demand for premium pet foods, increase in the adoption rate of pets and growing pet humanization trends increases the demand for pet food ingredients. The key drivers and restraints in pet food ingredients market are enlisted below.

Key drivers for pet food ingredients include:

  1. Increase in pet expenditure with a substantial increase in pet food expenditure
  2. Switch from mass products to organic pet food ingredients
  3. Acceptance of insect-based protein and oil by pets

Restraints impeding the market include:

  1. Non-uniformity of regulations hindering international trade

Pet food ingredients are derived from ingredients such as cereals, meat & meat products, vegetables, fruits, fats, and additives. Pet food ingredients are majorly obtained from meat and meat products followed by the cereal segment. 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 pet food manufacturers. Along with being cost-effective, meat & meat products enhance the palatability and acceptability of pet food. The major ingredients are enlisted below:

Top ingredient types of pet food ingredients:

Cereal

  1. Vegetables & fruits
  2. Fats
  3. Meat and meat products
  4. Additives

Pet food ingredients are used in almost all the pet segments. Their inclusion and application rates vary from pet to pet. Pet food ingredients are predominantly used in the dog segment. 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 ingredient market. The leading pet segments are ranked below by their application.

Top pet application segments for pet food ingredients:

  1. Dog
  2. Cat
  3. Fish
  4. Others (bird, rabbit, and horse)

With the incorporation of insects, one of the emerging trends in the pet food industry, as they are an excellent source of proteins and adoption of vegan and grain-free pet food products, these trends are expected to increase the demand of premium pet food ingredients. The expansion of pet superstores has made premium and super-premium pet food easily accessible. The leading players in pet food ingredients market are listed below.

Top 10 players in pet food ingredients include:

  1. BASF SE
  2. Bluestar Adisseo Company
  3. Darling Ingredients Inc.
  4. Ingredion Incorporated
  5. Omega Protein Corporation
  6. Archer Daniels Midland Company
  7. Cargill, Inc.
  8. DowDuPont
  9. Chr. Hansen
  10. Roquette Frθres

Top 5 Start-ups in pet food ingredients include:

  1. Sunopta
  2. Lallemand Inc.
  3. Lesaffre Group
  4. Lauridsen Group Inc.
  5. Saria Group (Daka Denmark A/S)

[182 Pages Report] The global pet food ingredients market size is estimated to account for USD 38.6 billion in 2020 and is projected to reach USD 53.2 billion by 2025, recording a CAGR of 6.6% during the forecast period. The market is driven primarily by the growing concern regarding animal health, increasing trend of owing pet animals, and the demand for an increase in the nutrient uptake of pet feed.

Pet Food Ingredients Market

COVID-19 Impact on the Global Pet Food Ingredients Market

The global market includes major Tier I and II suppliers like Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, DuPont, and Ingredion Incorporated. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their pet food ingredients. Multiple manufacturing facilities of players are still in operation.

  • In April 2020, BASF SE took the decision to stop its “smart Verbund project,” which was in the initial phase with a planned investment of USD 10 billion. They started the construction on a plant complex in Zhanjiang, China, in November 2019, which had stopped due to the outbreak.

Market Dynamics

Driver: Increase in pet expenditure with a substantial rise in pet food expenditure

Along with the rise in the pet population, the global pet food industry has also been expanding, owing to the increasing expenditure of pet owners on a variety of pet food products. For instance, according to the APPA, the total US pet industry expenditure increased from USD 48.35 billion in 2010 and stood at USD 72.56 billion in 2018. Furthermore, it is estimated that that pet industry expenditure would reach USD 75.38 billion in 2019. In 2017, about USD 29.07 billion was spent on pet food, which is 44.6% of the total expenditure. This increased by 4.3% in 2018, making the total expenditure on pet food reach USD 30.32 billion. Thus, the rise in pet ownership, along with the increase in pet food expenditure, is projected to drive the demand for pet food across the globe.

Restraint: Non-uniformity of regulations hindering international trade

According to the Federal Food, Drug, and Cosmetic Act of 1938 (FFDCA), animal food is required to be safe for consumption and manufactured in sanitary conditions. The foods must not contain harmful substances and should have approximate labeling. The Food Safety Modernization Act of 2010 (FSMA) introduced guidelines related to certification, sterilization, hygiene, and labeling of ingredients for pet food manufacturers in the US.

Government monitoring agencies in Europe and North America have strict regulations set for the animal feed industry as compared to those in the Asia Pacific and South American regions. The regulations related to pet food ingredients such as preservatives, ethoxyquin, and food dye are different in various countries.

Due to the lack of a universal regulatory structure, global trading becomes difficult. Huge investments are made in manufacturing feed additives. Different regulations lead to severe losses for manufacturers. It becomes expensive to frequently update the technologies and facilities in accordance with the changing guidelines. Pet food manufacturers are required to submit patent and approval applications to launch new products in different countries. Huge losses are incurred due to delays in receiving approvals from agencies, such as the European Patent Office and the Canadian Intellectual Property Office, which issue patents for new products that are launched. Establishment of a universal governing body for the pet food ingredients sector will help in smooth business operations worldwide..

Opportunity: Use of cannabis in pet food

The Agricultural Improvement Act of 2018, passed in December 2018, took a significant step forward by separating hemp and hemp-derived CBD from marijuana-based products, thereby placing hemp-derived products under the control of the Department of Agriculture as a crop, rather than under the Justice Department as a controlled substance. The Farm Bill defines marijuana as cannabis with THC of 0.3% or greater (under the DEA), and hemp as cannabis with THC of less than 0.3%.

The use of cannabis in pet food treats has gained popularity, as the regulations have become less stringent. Cannabis-based pet food is available in concentrates, isolates, and synthetic forms. In cannabis-based food products, anxiety curing products are most useful to lower down anxiety. Additionally, pet owners are looking at CBD as an alternative to mitigate pain and allergies. Cannabis-based products were highly visible in the recent Global Pet Expo in Orlando (March 2019). Cannabis-based pet food is majorly sold through the Internet (via Amazon). Pet businesses have identified cannabis-based pet products as one of the growth areas of 2019.

Challenge: Capital investments for equipment

Pet food manufacturers require high capital investments to install different types of machinery and equipment. This equipment has not only high installation costs but also require timely maintenance, which is an additional cost. Pet food manufacturers look for more economical options, such as equipment rentals, contract processing, and other related facilities.

Renting equipment or contract manufacturing requires less capital investment and avoids annual maintenance costs, which are incurred by rental companies. However, capital investments are one-time investments that are usually offset in the long run.

Pet Food Ingedients Market Ecosystem

Pet Food Ingredients Market

Based on pet, the dog segment is the largest-growing market during the forecast period

Dogs are the most popular pets adopted, and key players are focusing on offering pet food for them to gain a significant share in the pet food ingredients market. The US witnesses the highest registration of pet dogs, which is estimated to be more than 73 million. The demographical statistics in Asia are unreliable as pet dogs do not have to be registered in this region. However, the number of pet dogs is estimated to be nearly 110 million in China and 32 million in India.

The developed European countries, such as the UK, have a larger number of dog populations compared to other pets. According to the Pet Food Manufacturers Association (PFMA) Pet Data Report 2018, the dog population in the UK was estimated at 9 million in 2018 and has increased from the last year by 400,000 dogs. The report also states that there has been an increase in the households that own dogs. Developing countries, such as China, offer lucrative growth opportunities for manufacturers in the dog food market, as the dog population is outnumbering the cat population, the popularity of dogs as pets is increasing and dog ownership rates in the urban cities are rising in China.

The animal-based segment, by source, is projected to dominate the pet food ingreidnets market during the forecast period.

Animal-based ingredients are further segmented into meat & meat products, fats, proteins & amino acids, and others, which include flavoring agents and antioxidants. A majority of animal-based ingredients include meat & meat by-products, which provide essential protein, fatty acids, iron, and vitamins. Meat increases the palatability of the pet food, and hence, improves the digestion of pets. Fishbones are included in pet food, as they provide calcium and phosphorus. Key manufacturers are focusing on utilizing fish as animal derivatives in pet foods, as they are a rich source of vitamin A & D and omega-3. The benefits provided by omega-3 fatty acids for pets include improving the coat and skin health, regulating the immune system, improving the cognitive function in older pets, and lowering of the blood pressure.

Pets mostly consume the dry form of ingredients due to convenient handling and storage

Based on form, the dry segment accounted for a larger market share in 2019, followed by the wet segment. The dry form is used more widely 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.

Pet Food Ingredients Market by Region

South America is projected to witness the highest growth in the market during the forecast period.

South America, followed by Asia Pacific, is expected to grow at high rates from 2020 to 2025. Brazil and Argentina are the most leading markets in the South American region. The market in this region is in the early stage of development, and hence, provides growth opportunities for key companies. The South American region is projected to grow at a high rate in the pet food ingredients market, as some countries in this region offer profitable growth opportunities for the pet food industry. Brazil is the largest pet food ingredient market and is also one of the fast-emerging markets for South America.

Key Market Players

Many domestic and global players provide pet food ingredients to improve pet health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in the global market are Cargill, Incorporated (US), BASF SE (Germany), DuPont (US), Ingredion Incorporated (US) and Archer Daniels Midland Company (US). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in this market.

Scope of the report

Report Metric

Details

Market size estimation

2017–2025

Base year considered

2019

Forecast period considered

2020–2025

Units considered

Value (USD) & Volume (KT)

Segments covered

Pet, Ingredients, Source, Form, and Region

Regions covered

North America, Asia Pacific, Europe, South America, and RoW

Companies studied

The major market players include Cargill, Incorporated (US), Archer Daniels Midland Company (US), BASF SE (Germany), DuPont (US), and Ingredion Incorporated (US). (Total 25 companies)

The study categorizes the pet food ingredients market based on pet, ingredients, source, form at the regional and global levels.

By Pet

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

By Ingredients

  • Cereals
    • Corn & cornmeal
    • Wheat & wheat meal
    • Barley
    • Rice
  • Vegetables & Fruits
    • Potatoes
    • Soy & soy meal
    • Carrots
    • Fruits
  • Fats
    • Fish oil
    • Tallow
    • Lard
    • Poultry fat
    • Vegetable oil
  • Meat and meat products
    • Deboned meat
    • Meat meal
    • By-product meal
    • Animal digest
  • Additives
    • Vitamins & minerals
    • Enzymes
    • Others (Flavors and Colors)

By Source

  • Synthetic
  • Plant-based
  • Animal-based

By Form

  • Dry
  • Wet

By Region

  • Asia Pacific
  • Europe
  • North America
  • South America
  • Rest of the World

Recent Developments

  • In January 2020, Darling Ingredients acquired EnviroFlight, LLC. (US), which is owned by Intrexon Corporation (US), to expand in the animal feed market which includes pet food ingredeints by providing an environment-friendly, toxin-free, sustainable source of high-value nutrients.

Frequently Asked Questions (FAQ):

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

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 20)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
    1.4 PERIODIZATION CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 VOLUME UNITS CONSIDERED
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 24)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
    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. - 30)

4 PREMIUM INSIGHTS (Page No. - 33)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE MARKET
    4.2 PET FOOD INGREDIENTS MARKET, BY REGION
    4.3 MARKET, BY APPLICATION
    4.4 MARKET, BY KEY PET & COUNTRY
    4.5 PET FOOD INGREDIENTS MARKET, BY REGION

5 MARKET OVERVIEW (Page No. - 36)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 MACROECONOMIC INDICATORS
                    5.2.1.1 Increase in pet adoption among the urban population
                    5.2.1.2 Increasing trend of humanization of pets to drive the demand for premium products
           5.2.2 DRIVERS
                    5.2.2.1 Increase in pet expenditure with a substantial rise in pet food expenditure
                    5.2.2.2 Switch from mass products to organic pet food ingredients
                    5.2.2.3 Acceptance of insect-based protein and oil by pet owners
           5.2.3 RESTRAINTS
                    5.2.3.1 Non-uniformity of regulations hindering international trade
                    5.2.3.2 Limited availability of ingredients and price sensitivity
           5.2.4 OPPORTUNITIES
                    5.2.4.1 Use of cannabis in pet food
                    5.2.4.2 Technological advancements to enhance product development
                    5.2.4.3 Shift in focus toward natural and grain-free products
                    5.2.4.4 Rising pet food expenditure in emerging markets
           5.2.5 CHALLENGES
                    5.2.5.1 Capital investments for equipment
                    5.2.5.2 Threat from counterfeit products

6 PET FOOD INGREDIENTS MARKET, BY FORM (Page No. - 44)
    6.1 INTRODUCTION
    6.2 DRY
    6.3 WET

7 PET FOOD INGREDIENTS MARKET, BY INGREDIENT (Page No. - 47)
    7.1 INTRODUCTION
    7.2 MEAT & MEAT PRODUCTS
           7.2.1 DEBONED MEAT
           7.2.2 MEAT MEAL
           7.2.3 BY-PRODUCT MEAL
           7.2.4 ANIMAL DIGEST
    7.3 CEREALS
           7.3.1 CORN & CORNMEAL
           7.3.2 WHEAT & WHEATMEAL
           7.3.3 BARLEY
           7.3.4 RICE
    7.4 VEGETABLES & FRUITS
           7.4.1 FRUITS
           7.4.2 POTATOES
           7.4.3 CARROTS
           7.4.4 SOY& SOY MEAL
    7.5 FATS
           7.5.1 FISH OIL
           7.5.2 TALLOW
           7.5.3 LARD
           7.5.4 POULTRY FAT
           7.5.5 VEGETABLE OIL
    7.6 ADDITIVES
           7.6.1 VITAMINS & MINERALS
           7.6.2 ENZYMES
           7.6.3 OTHER ADDITIVES

8 MARKET For PET FOOD INGREDIENTS , BY PET (Page No. - 63)
    8.1 INTRODUCTION
    8.2 DOG
    8.3 CAT
    8.4 FISH
    8.5 OTHERS

9 MARKET For PET FOOD INGREDIENTS, BY SOURCE (Page No. - 68)
    9.1 INTRODUCTION
    9.2 ANIMAL-BASED
    9.3 PLANT DERIVATIVES
    9.4 SYNTHETIC

10 MARKET For PET FOOD INGREDIENTS, BY REGION (Page No. - 73)
     10.1 INTRODUCTION
     10.2 NORTH AMERICA
             10.2.1 US
                       10.2.1.1 The rise in the pet adoption rate in the country to drive the growth of the this market
             10.2.2 CANADA
                       10.2.2.1 Legalizing cannabis-based ingredients is projected to drive the growth of the pet food business
             10.2.3 MEXICO
                       10.2.3.1 Rise in adoption of a healthy diet has driven the demand for nutritious pet food ingredients in Mexico
     10.3 EUROPE
             10.3.1 UK
                       10.3.1.1 Increasing demand for premium products in the pet food market to drive the market growth in the country
             10.3.2 GERMANY
                       10.3.2.1 The rising demand for organic products to drive the pet food ingredients market in Germany
             10.3.3 ITALY
                       10.3.3.1 The rise in the number of pets creates an opportunity for pet food manufacturers
             10.3.4 RUSSIA
                       10.3.4.1 The country witnesses high demand for industrially prepared pet food products
             10.3.5 FRANCE
                       10.3.5.1 Increasing popularity of small breeds of dogs to drive the demand for premium products
             10.3.6 REST OF EUROPE
                       10.3.6.1 High demand for full-fat soymeal in the Belgian feed industry to drive the market growth
     10.4 ASIA PACIFIC
             10.4.1 CHINA
                       10.4.1.1 Cost-effectiveness of rapeseed to drive the demand in China’s vegetable oil industry
             10.4.2 AUSTRALIA & NEW ZEALAND
                       10.4.2.1 Exclusive and nutrient-based diet is gaining popularity in Australia
             10.4.3 INDIA
                       10.4.3.1 Investments by pet food manufacturers and shift from home cooked to packaged pet food are driving the market
             10.4.4 JAPAN
                       10.4.4.1 Increase in focus on protein-rich pet food
             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 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
             11.2.1 VISIONARY LEADERS
             11.2.2 INNOVATORS
             11.2.3 DYNAMIC DIFFERENTIATORS
             11.2.4 EMERGING COMPANIES
     11.3 STRENGTH OF PRODUCT PORTFOLIO
     11.4 BUSINESS STRATEGY EXCELLENCE
     11.5 START-UP MICRO-QUADRANT
             11.5.1 PROGRESSIVE COMPANIES
             11.5.2 STARTING BLOCKS
             11.5.3 RESPONSIVE COMPANIES
             11.5.4 DYNAMIC COMPANIES
     11.6 COMPETITIVE SCENARIO
             11.6.1 NEW PRODUCT LAUNCHES
             11.6.2 EXPANSIONS
             11.6.3 ACQUISITIONS
             11.6.4 INVESTMENTS, AGREEMENTS, AND PARTNERSHIPS

12 COMPANY PROFILES (Page No. - 132)
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
     12.1 BASF SE
     12.2 BLUESTAR ADISSEO COMPANY
     12.3 DARLING INGREDIENTS
     12.4 INGREDION INCORPORATED
     12.5 OMEGA PROTEIN CORPORATION
     12.6 ARCHER DANIELS MIDLAND COMPANY
     12.7 CARGILL
     12.8 DOWDUPONT
     12.9 CHR. HANSEN
     12.10 ROQUETTE FRΘRES
     12.11 SUNOPTA
     12.12 LALLEMAND
     12.13 LESAFFRE GROUP
     12.14 LAURIDSEN GROUP INC.
     12.15 SARIA GROUP (DAKA DENMARK A/S)
     12.16 NUTRECO N.V.
     12.17 THE SCOULAR COMPANY
     12.18 KEMIN INDUSTRIES, INC.
     12.19 JOHN POINTON & SONS LTD.

*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. - 175)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS


LIST OF TABLES (135 Tables)

TABLE 1 USD EXCHANGE RATES, 2014–2018
TABLE 2 MARKET SIZE, BY FORM, 2017–2025 (USD MILLION)
TABLE 3 PET FOOD INGREDIENTS MARKET SIZE FOR THE DRY FORM, BY REGION, 2017–2025 (USD MILLION)
TABLE 4 PET FOOD INGREDIENTS MARKET SIZE FOR THE WET FORM, BY REGION, 2017–2025 (USD MILLION)
TABLE 5 MARKET SIZE for PET FOOD INGREDIENTS, BY INGREDIENT, 2017–2025 (USD MILLION)
TABLE 6 MEAT & MEAT PRODUCTS: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 7 DEBONED MEAT: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 8 MEAT MEAL: PET FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 9 BY-PRODUCT MEAL: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 10 ANIMAL DIGEST: PET FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 11 CEREALS: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 12 CORN AND CORNMEAL: MARKET SIZE FOR PET FOOD INGREDIENTS , BY REGION, 2017–2025 (USD MILLION)
TABLE 13 WHEAT & WHEATMEAL: PET FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 14 BARLEY: MARKET SIZE FOR PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 15 RICE: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 16 VEGETABLES & FRUITS: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 17 POTATOES: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 18 CARROTS: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 19 SOY & SOYBEAN MEAL: MARKET SIZE FOR PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 20 FATS: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 21 FISH OIL: PET FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 22 TALLOW: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 23 LARD: MARKET SIZE FOR PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 24 POULTRY FAT: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 25 VEGETABLE OIL: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 26 ADDITIVES: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 27 VITAMINS & MINERALS: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 28 ENZYMES: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 29 OTHER ADDITIVES: PET FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 30 MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 31 DOG FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 32 CAT FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 33 FISH: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 34 OTHERS: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 35 MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 36 ANIMAL-BASED PET FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 37 ANIMAL BY-PRODUCTS AND THEIR BENEFITS
TABLE 38 PLANT-BASED PET FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 39 SYNTHETIC PET FOOD INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION)
TABLE 40 MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 41 NORTH AMERICA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 42 NORTH AMERICA: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 43 NORTH AMERICA: MARKET SIZE for PET FOOD INGREDIENTS, BY INGREDIENT, 2017–2025 (USD MILLION)
TABLE 44 NORTH AMERICA: CEREAL: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 45 NORTH AMERICA: VEGETABLES & FRUITS: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 46 NORTH AMERICA: FATS: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 47 NORTH AMERICA: MEAT & MEAT PRODUCTS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 48 NORTH AMERICA: ADDITIVES: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 49 NORTH AMERICA: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 50 US: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 51 US: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 52 CANADA: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 53 CANADA: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 54 MEXICO: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 55 MEXICO: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 56 EUROPE: MARKET SIZE for PET FOOD INGREDIENTS, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 57 EUROPE: MARKET SIZE for PET FOOD INGREDIENTS, BY COUNTRY, 2017–2025 (KT)
TABLE 58 EUROPE: MARKET SIZE for PET FOOD INGREDIENTS, BY INGREDIENT, 2017–2025 (USD MILLION)
TABLE 59 EUROPE: CEREALS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 60 EUROPE: VEGETABLES & FRUITS: PET FOOD INGREDIENTS MARKET SIZE, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 61 EUROPE: FATS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 62 EUROPE: MEAT & MEAT PRODUCTS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 63 EUROPE: ADDITIVE: PET FOOD INGREDIENTS MARKET SIZE, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 64 EUROPE: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 65 EUROPE: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 66 EUROPE: MARKET SIZE for PET FOOD INGREDIENTS, BY FORM, 2017–2025 (USD MILLION)
TABLE 67 UK: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 68 UK: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 69 GERMANY: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 70 GERMANY: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 71 ITALY: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 72 ITALY: PET FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 73 RUSSIA: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 74 RUSSIA: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 75 FRANCE: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 76 FRANCE: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 77 REST OF EUROPE: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 78 REST OF EUROPE: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 79 ASIA PACIFIC: MARKET SIZE for PET FOOD INGREDIENTS, BY COUNTRY/REGION, 2017–2025 (USD MILLION)
TABLE 80 ASIA PACIFIC: MARKET SIZE FOR PET FOOD INGREDIENTS, BY COUNTRY/REGION, 2017–2025 (KT)
TABLE 81 ASIA PACIFIC: MARKET SIZE FOR PET FOOD INGREDIENTS, BY INGREDIENT, 2017–2025 (USD MILLION)
TABLE 82 ASIA PACIFIC: CEREALS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 83 ASIA PACIFIC: VEGETABLES & FRUITS :MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 84 ASIA PACIFIC: FATS: PET FOOD INGREDIENTS MARKET SIZE, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 85 ASIA PACIFIC: MEAT & MEAT PRODUCTS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 86 ASIA PACIFIC: ADDITIVES: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 87 ASIA PACIFIC: PET FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 88 ASIA PACIFIC: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 89 ASIA PACIFIC: MARKET SIZE FOR PET FOOD INGREDIENTS, BY FORM, 2017–2025 (USD MILLION)
TABLE 90 CHINA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 91 CHINA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 92 AUSTRALIA & NEW ZEALAND: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 93 AUSTRALIA & NEW ZEALAND: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 94 INDIA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 95 INDIA: PET FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 96 JAPAN: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 97 JAPAN: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 98 CHINA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 99 REST OF ASIA PACIFIC: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 100 SOUTH AMERICA: PET FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 101 SOUTH AMERICA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY COUNTRY, 2017–2025 (KT)
TABLE 102 SOUTH AMERICA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY INGREDIENT, 2017–2025 (USD MILLION)
TABLE 103 SOUTH AMERICA: CEREALS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 104 SOUTH AMERICA: VEGETABLES & FRUITS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 105 SOUTH AMERICA: FATS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 106 SOUTH AMERICA: MEAT & MEAT PRODUCTS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 107 SOUTH AMERICA: ADDITIVES: PET FOOD INGREDIENTS MARKET SIZE, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 108 SOUTH AMERICA: PET FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 109 SOUTH AMERICA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 110 SOUTH AMERICA: MARKET SIZE FOR PET FOOD INGREDIENTS, BY FORM, 2017–2025 (USD MILLION)
TABLE 111 BRAZIL: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 112 BRAZIL: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 113 ARGENTINA: PET FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 114 ARGENTINA: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 115 REST OF SOUTH AMERICA: MARKET SIZE for PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 116 REST OF SOUTH AMERICA: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 117 ROW: MARKET SIZE FOR PET FOOD INGREDIENTS, BY REGION, 2017–2025 (USD MILLION)
TABLE 118 ROW: MARKET SIZE for PET FOOD INGREDIENTS, BY REGION, 2017–2025 (KT)
TABLE 119 ROW: MARKET SIZE FOR PET FOOD INGREDIENTS, BY INGREDIENT, 2017–2025 (USD MILLION)
TABLE 120 ROW: CEREALS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 121 ROW: VEGETABLES & FRUITS: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE 2017–2025 (USD MILLION)
TABLE 122 ROW: FATS: PET FOOD INGREDIENTS MARKET SIZE, BY, 2017–2025 (USD MILLION)
TABLE 123 ROW: MEAT & MEAT PRODUCTS: MARKET SIZE FOR PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 124 ROW: ADDITIVES: MARKET SIZE for PET FOOD INGREDIENTS, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 125 ROW: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 126 ROW: MARKET SIZE for PET FOOD INGREDIENTS, BY FORM, 2017–2025 (USD MILLION)
TABLE 127 ROW: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 128 MIDDLE EAST: MARKET SIZE FOR PET FOOD INGREDIENTS, BY PET, 2017–2025 (USD MILLION)
TABLE 129 MIDDLE EAST: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 130 AFRICA: PET FOOD INGREDIENTS MARKET SIZE, BY PET, 2017–2025 (USD MILLION)
TABLE 131 AFRICA: MARKET SIZE for PET FOOD INGREDIENTS, BY SOURCE, 2017–2025 (USD MILLION)
TABLE 132 NEW PRODUCT LAUNCHES, 2014–2018
TABLE 133 EXPANSIONS, 2015–2019
TABLE 134 ACQUISITIONS, 2018–2019
TABLE 135 INVESTMENTS, AGREEMENTS, AND PARTNERSHIPS, 2014-2018
 
 
LIST OF FIGURES (61 Figures)
 
FIGURE 1 PET FOOD INGREDIENTS MARKET SEGMENTATION
FIGURE 2 REGIONAL SEGMENTATION
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 FOR PET FOOD INGREDIENTS, BY REGION, 2019 VS. 2025 (USD BILLION)
FIGURE 9 MARKET SIZE FOR PET FOOD INGREDIENTS, BY FORM, 2019 VS. 2025 (USD BILLION)
FIGURE 10 DOG FOOD TO BE THE MOST ATTRACTIVE MARKET FOR THE APPLICATION OF PET FOOD INGREDIENTS THROUGH 2025 (USD BILLION)
FIGURE 11 SOUTH AMERICA IS PROJECTED TO RECORD THE HIGHEST GROWTH RATE IN THE PET FOOD INGREDIENTS MARKET (KT) FROM 2019 TO 2025
FIGURE 12 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN THE PET FOOD INGREDIENTS MARKET, GLOBALLY
FIGURE 13 NORTH AMERICA ESTIMATED TO DOMINATE THE PET FOOD INGREDIENTS MARKET IN 2019
FIGURE 14 MEAT & MEAT PRODUCTS TO DOMINATE THE MARKET THROUGH THE FORECAST PERIOD
FIGURE 15 THE DOG SEGMENT DOMINATED THE MARKET FOR PET FOOD INGREDIENTS IN 2018
FIGURE 16 THE US ACCOUNTED FOR THE LARGEST SHARE OF THE GLOBAL PET FOOD INGREDIENTS MARKET IN 2018
FIGURE 17 PET FOOD INGREDIENTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 18 INCREASE IN PERCENTAGE OF US PET OWNERS GIVING TREATS FOR THEIR PETS, BY PET TYPE, 2012 VS. 2016
FIGURE 19 OWNERS’ VIEWS (%) REGARDING THEIR PETS, 2018
FIGURE 20 US EXPENDITURE ON PET FOOD, 2009–2019 (USD MILLION)
FIGURE 21 NATURAL PET FOOD PRODUCT SALES IN THE US, 2011–2018 (USD BILLION)
FIGURE 22 PET FOOD INGREDIENTS MARKET SIZE, BY FORM, 2019 VS. 2025 (USD MILLION)
FIGURE 23 PET FOOD INGREDIENTS MARKET SHARE (VALUE), BY INGREDIENT, 2019 VS. 2025
FIGURE 24 PET FOOD INGREDIENTS MARKET SIZE, BY PET, 2019 VS. 2025 (USD MILLION)
FIGURE 25 SOUTH AMERICA TO BE THE RAPIDLY GROWING REGION IN THE GLOBAL PET FOOD INGREDIENTS MARKET DURING THE FORECAST PERIOD
FIGURE 26 NORTH AMERICA: PET FOOD INGREDIENTS MARKET SNAPSHOT
FIGURE 27 US: PET FOOD EXPORT MARKET, BY KEY COUNTRY, 2018
FIGURE 28 CANADA: PET FOOD IMPORT MARKET, BY KEY COUNTRY, 2018
FIGURE 29 MEXICO: PET FOOD IMPORT MARKET, BY COUNTRY, 2018
FIGURE 30 PERCENTAGE OF FAMILIES OWNING PETS IN GERMANY, 2018
FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 32 CHALLENGES FACED BY THE EXPORTERS IN THE CHINESE MARKET, 2018
FIGURE 33 CHINA: PET FOOD INGREDIENTS IMPORT MARKET, BY COUNTRY, 2018
FIGURE 34 SHARE OF PET POPULATION (% OF HOUSEHOLDS AND PET DENSITY)
FIGURE 35 PET FOOD COMPANY RETAIL MARKET SHARE IN INDIA, 2018
FIGURE 36 JAPAN: SHARE OF TOP PET FOOD BRANDS, 2018
FIGURE 37 PET FOOD INGREDIENTS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2018
FIGURE 38 PET FOOD INGREDIENTS MARKET: COMPETITIVE LEADERSHIP MAPPING (START-P/SME), 2018
FIGURE 39 BASF SE: COMPANY SNAPSHOT
FIGURE 40 BASF SE: SWOT ANALYSIS
FIGURE 41 BLUESTAR ADISSEO COMPANY: COMPANY SNAPSHOT
FIGURE 42 BLUESTAR ADISSEO COMPANY: SWOT ANALYSIS
FIGURE 43 DARLING INGREDIENTS, INC.
FIGURE 44 DARLING INGREDIENTS, INC.: SWOT ANALYSIS
FIGURE 45 INGREDION INCORPORATED: COMPANY SNAPSHOT
FIGURE 46 INGREDION INCORPORATED: SWOT ANALYSIS
FIGURE 47 OMEGA PROTEIN CORPORATION: COMPANY SNAPSHOT
FIGURE 48 ARCHER DANIELS MIDLAND: COMPANY SNAPSHOT
FIGURE 49 ARCHER DANIELS MIDLAND: SWOT ANALYSIS
FIGURE 50 CARGILL: COMPANY SNAPSHOT
FIGURE 51 CARGILL: SWOT ANALYSIS
FIGURE 52 DOWDUPONT: COMPANY SNAPSHOT
FIGURE 53 DOWDUPONT: SWOT ANALYSIS
FIGURE 54 CHR. HANSEN: COMPANY SNAPSHOT
FIGURE 55 ROQUETTE FRΘRES: COMPANY SNAPSHOT
FIGURE 56 SUNOPTA: COMPANY SNAPSHOT
FIGURE 57 SUNOPTA: SWOT ANALYSIS
FIGURE 58 LALLEMAND: SWOT ANALYSIS
FIGURE 59 LESAFFRE: SWOT ANALYSIS
FIGURE 60 LAURIDSEN GROUP INC.: SWOT ANALYSIS
FIGURE 61 SARIA GROUP (DAKA DENMARK A/S): SWOT ANALYSIS

The study involves four major activities to estimate the current market size for pet food ingredients. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources (such as directories and databases)—Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet (which acquired Avention)—to identify and collect information useful for the study of the pet food ingredients market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The market includes several stakeholders in the supply chain— manufacturers, importers & exporters, traders, distributors, and suppliers of pet food ingredients technology. The demand side of the market is characterized by the presence of municipal corporations and manufacturers of food and beverages. The supply side is characterized by the presence of key providers of pet food ingredients technology. Various primary sources from the supply and demand sides of both markets have been interviewed to obtain qualitative and quantitative information.

Following are the breakdown of primary respondents:

Pet Food Ingredients Market Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Global Pet Food Ingredients Market Size: Bottom-Up Approach

Pet Food Ingredients Market Size, and Share

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both the top-down and bottom-up approaches.

Report Objectives

  • Determining and projecting the size of the pet food ingredients market, with respect to pet, form, ingredient, source, and region, over five years ranging from 2020 to 2025
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
  • Analyzing the demand-side factors based on the following:
    • Impact of macro- and micro-economic factors on the market
    • Shifts in demand patterns across different subsegments and regions
  • Identifying and profiling the key market players in the pet food ingredients market.
  • Providing a comparative analysis of the market leaders based on the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions.
  • Analyzing the supply chain and regulatory frameworks across regions.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific scientific 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

Segmental Analysis

  • Further breakdown of product type (premium and conventional)
  • Further breakdown of other pets (bird, horse, and rabbit)

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific pet food ingredients market, by key country
  • Further breakdown of the Rest of European pet food ingredients market, by key country
  • Country-wise split for dry and wet forms

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Pet Food Ingredients Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Pet Food Ingredients Market

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Report Code
AGI 6240
Published ON
Jul, 2020
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