Pet Food Ingredients Market Key Futuristic Share Trends and Competitive Landscape by 2023

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.

(EMAILWIRE.COM, July 08, 2019 ) The report "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 estimated at USD 34.96 Billion in 2018 and is projected to reach a value of USD 45.44 Billion by 2023, at a CAGRs of 5.4%. The market is driven by factors such as increasing pet population and pet humanization. The major players in the food industry are investing in research & development activities to develop innovative pet food ingredients, along with engagement in expansion activities of their production facilities and geographic expansion through strategic acquisitions to strengthen their production capabilities and increase their product portfolio.

North America dominated the pet food ingredients market in 2017.

North America accounted for the largest market share in 2017. The pet food ingredients market is consolidated in North America and dominated by several companies such as ADM, Cargill, Ingredion, SunOpta, DowDuPont, Darling Ingredients, and Kemin. In North American countries such as the US and Canada, the pet food ingredients market is driven by the expansion of production plants of leading companies and acquisitions to meet the rising demand from the pet food industry. These factors have fueled the growth of the pet food ingredients market in the North American region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such 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).

Browse in-depth TOC on "Pet Food Ingredient Market"

95 Tables
47 Figures
176 Pages

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The meat & meat products segment accounted for the largest share of the pet food ingredients market in 2017.

On the basis of the ingredient, meat & meat products accounted for the largest share of the pet food ingredients market in 2017, followed by cereals. Meat & meal products form a key source of proteins, which are an essential nutritional requirement in the development of pets. Majority of meat & meat products are byproducts of food products manufactured for human consumption, and thus prove to be an economical solution for pet food manufacturers. Along with being cost-effective, meat & meat products enhance the palatability and acceptability of pet food. These factors have fueled the growth of this segment.

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