Pet Food Ingredients Market

Market Leaders - Pet Food Ingredients Market

The global pet food ingredients market size is estimated to be USD 38.6 billion in 2020 and is projected to reach USD 53.2 billion by 2025, at a CAGR of 6.6% during the forecast period. The market has a promising growth potential due to several factors, including the increasing pet adoption globally and rising demand for nutritive pet food among pet owners.

The key players in this market are Cargill, Incorporated (US), Archer Daniels Midland Company (US), BASF SE (Germany), DuPont (US), and Ingredion Incorporated (US). Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to strengthen their position in the market.

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BASF SE (Germany) held the majority of the global pet food ingredients market share in 2020. The company is also one of the global suppliers of innovative pet food ingredients for pets, and companion animals. BASF Animal Nutrition develops, producers, and markets a wide range of ingredients and solutions for human health. BASF SEs products fulfill the highest safety, regulatory, and sustainability standards. The nutrition & health division supplies high-quality nutritional ingredients to the food, beverage, and dietary supplements industries. BASFs Nutrition & Health division markets its carotenoids for animal nutrition and human nutrition separately.

DuPont started with the merger of Dow with DuPont in September 2017 and started operating as a single entity, DowDuPont. This merger brought together complementary portfolios of two innovative companies, which were major players in the agriculture, material science, and specialty product industries. However, after the completion of DowDuPont dissolution in 2019, the company split into three major divisions, namely, agriculture (Corteva), specialty products (DuPont), and materials science (Dow), wherein animal nutrition products are offered under its DuPont entity. DuPont has subsidiaries in nearly 90 countries worldwide and has its manufacturing operations in nearly 50 countries. The animal nutrition segment of DuPont provides innovative enzymes, natural betaine, and probiotic feed technologies to solve livestock and aquaculture challenges, such as reducing feed and legislative compliance costs and ensuring proper growth and conducive living environment.

Darling Ingredients is one of the major companies involved in the manufacturing of animal protein such as blood meal, meat & bone meal, and poultry meal. It serves various applications, including food, health & pharma, feed, pet food, fuel, bioenergy, and fertilizers. The company has its presence across North America, Europe, Asia Pacific, and South America. In November 2018, Darling Ingredients acquired stocks of PPH Conto Ltd. (Poland), which is a food-grade animal fat processing facility. The acquisition of Conto provided Darling the opportunity to strengthen its current position as well as expand its product portfolio with high-end food-grade fat in Poland as well as other parts of Europe.

Related Reports:

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 Liquid), and Region - Global Forecast to 2025

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Report Code
AGI 6240
RI Published ON
7/9/2020
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