Global Pet Food Ingredients Market to Progress at a CAGR of 6.35% by 2028 States DelveInsight | APS Phoenix LLC, Zilor, darling Ingredients Inc., Nutrios., Ingredion., DuPont, BASF SE, Chr. Hansen

As per DelveInsight’s assessment, the Pet Food Ingredients Market is expected to grow at an immense pace in the coming years owing to the The increasing prevalence of pandemic such as COVID-19, Pre- and post-operation and some few of the other applications where Pet Food Ingredients have been used, which is expected to drive the demand for Pet Food Ingredients in the upcoming years.

DelveInsight’s “Pet Food Ingredients Market” report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers.  The report also covers the major emerging products and key Pet Food Ingredients companies actively working in the market.

Pet Food Ingredients

Pet food ingredients refer to the components used in the production of food specifically formulated for animals, such as dogs, cats, birds, and other pets. These ingredients can encompass a wide range of items, including proteins (such as meat, poultry, fish, and plant-based sources), carbohydrates (like grains, vegetables, and fruits), fats and oils, vitamins, minerals, and various additives or supplements. Pet food ingredients are carefully selected and combined to provide essential nutrients, vitamins, and minerals required for the overall health, growth, and wellbeing of the specific animal species consuming the food.

Pet Food Ingredients Market Insights

In 2022 and projected through 2023-2028, North America is anticipated to dominate the global Pet Food Ingredients market. This dominance is attributed to several factors: the rising trend of pet humanization and ownership, the emergence of private label store brands, increasing urbanization coupled with higher disposable incomes, and the presence of established local players. These elements collectively support and fuel the growth of the pet food ingredients market in North America.

DelveInsight Pet Food Ingredients Market Size Analysis: The Global Pet Food Ingredients market size is anticipated to reach USD 45 billion by 2028 with a CAGR of 6.35% during the forecasted period (2023-2028)

To know more about why North America is leading the market growth in the Pet Food Ingredients market, get a snapshot of the report Pet Food Ingredients Market Trends

https://www.delveinsight.com/report-store/pet-food-ingredients-market

Recent Developments in the Pet Food Ingredients Market Report

• In October 2021, Global Food and Ingredients Inc. completed the acquisition of an advanced plant-based pet food ingredients manufacturing facility situated in Bowden, Alberta. This acquisition marks the establishment of GFI’s latest business unit, dedicated to Plant-Based Pet Food Ingredients.
• In 2021, ORIJEN introduced ORIJEN Premium Wet Dog Food, crafted using high-quality animal-based ingredients, primarily protein sources.
• Thus, owing to such developments in the market, rapid growth will be observed in the Pet Food Ingredients market during the forecast period

To read more about the latest highlights related to Pet Food Ingredients, get a snapshot of the key highlights entailed in the Pet Food Ingredients Market Forecast

Key Players in the Pet Food Ingredients Market

Some of the key Pet Food Ingredients companies operating in the market include- APS Phoenix LLC, Zilor, darling Ingredients Inc., Nutrios., Ingredion., DuPont, BASF SE, Chr. Hansen Holding A/S, DSM Nutritional Products AG, Cargill, Incorporated., Omega Protein Corporation, Kemin Industries, Inc., Roquette Frères., Lallemand Inc., Daka Denmark A/S, The Scoular Company, Symrise, FoodSafe Technologies., AFB International, SunOpta, and others.

Pet Food Ingredients Market Dynamics:

The rising global pet population stands as a crucial driver for the pet food ingredients market. For example, Health for Animals reported that Europe boasted 92 million dogs and 113 million cats in 2021. Similarly, China had approximately 74 million dogs and 67 million cats during the same year. Furthermore, the European Pet Food Organization documented sales of pet food products totaling EURO 27.7 billion in 2021, with an expected continual surge due to the escalating pet numbers in Europe. This upward trend in pet ownership is set to amplify the demand for pet food, consequently spurring the need for pet food ingredients and thereby strengthening the overall market for such ingredients.

Yet, potential setbacks such as adverse effects linked to chemical-based pet food ingredients, price sensitivity due to elevated production costs and raw material expenses, among other factors, could impede the anticipated growth of the pet food ingredients market from 2023 to 2028.

Scope of the Pet Food Ingredients Market Report

• Coverage: Global
• Study Period: 2020–2028
• Pet Food Ingredients Market Segmentation By Ingredients Type: Amino Acids, Phosphates, Vitamins, Acidifiers, Specialty Proteins, Carotenoids, and Others
• Pet Food Ingredients Market Segmentation By Animal Type: Dog, Cat, Fish, and Others), Form (Wet and Dry), Source (Animal-Derived, Plant-Derived, and Others
• Pet Food Ingredients Market Segmentation By Distribution Channel: Specialized Pet Shops, Supermarkets & Hypermarkets, Online Channel, and Others
• Pet Food Ingredients Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
• Key Pet Food Ingredients Companies: APS Phoenix LLC, Zilor, darling Ingredients Inc., Nutrios., Ingredion., DuPont, BASF SE, Chr. Hansen Holding A/S, DSM Nutritional Products AG, Cargill, Incorporated., Omega Protein Corporation, Kemin Industries, Inc., Roquette Frères., Lallemand Inc., Daka Denmark A/S, The Scoular Company, Symrise, FoodSafe Technologies., AFB International, SunOpta, and others.
• Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View

Which MedTech key players in the Pet Food Ingredients market are set to emerge as the trendsetter explore @ Pet Food Ingredients Market Trends

Table of Contents 

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About DelveInsight

DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance.

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