Global Pet Food Ingredients Market Overview
Pet Food Ingredients Market Size was valued at USD 47.9 billion in 2023. The Pet Food Ingredients market industry is projected to grow from USD 51.65 billion in 2024 to USD 94.31 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.82% during the forecast period (2024 - 2032). The increasing trend of humanization of pets and growing focus on pet health and wellness are the key market drivers boosting the growth of the Pet Food Ingredients market.
FIGURE 1: PET FOOD INGREDIENTS MARKET SIZE 2018-2032 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Pet Food Ingredients Market Trends
The Dominance of Online Shopping and The Slow rise of natural and Grain -free pet food option
The growth of eCommerce has played a major role in CPG growth over the past few years. In fact, eCommerce spending is expected to reach $36 billion in 2023, 20% projected increase from 2022.2 This impact is no different for the pet food industry, with more pet owners choosing to buy pet food online. In fact, online sales for the past year reached $15 billion, 21.3% increase over the previous year. While online Pet food sales are driving growth trends, In-Store is still the majority of dollars. Online sales are still lower than the $34.7 billion spent in-store, the growth year-over-year is much higher. Consumers are shifting to online purchasing because online platform are aligning its offerings and marketing to match so as to maintain the market share with a shifting demographic.
For the past few years, more consumers have been adopting a grain-free diet for their pets out of health concerns. In 2023, Natural and Grain-Free Pet food is still growing but is a smaller piece of the Pet Food pie. Though many pet owners are still choosing grain-free options, there are a few factors impacting the return to non-grain-free. The inflationary pressures are driving more consumers to seek out cheaper alternatives or buy in bulk.
Pet Food Ingredients Market Component Segment Insights:
Pet Food Ingredients Category Insights.
Based on category, the global Pet Food Ingredients market segmentation includes conventional and rendered. The Conventional held the majority share in 2023, contributing around ~67.11% to the market revenue. In 2023, Conventional pet food ingredients include fresh, whole foods such as meat, poultry, fish, grains, and vegetables. These foods are usually found in their natural form and are sourced Indirectly from human-grade food supplies. Conventional pet foods aim to provide a balanced and healthy diet using high quality ingredients with minimal processing. Key components are protein sources such as meat and fish to support muscle development and overall health. Carbohydrates from grains such as rice or wheat are included for energy, while fats from animal or plant sources contribute to skin and coat health. Added vitamins and minerals ensure a balanced diet and meet special nutritional needs. Many pet foods also contain fiber, like vegetables, to support digestive health.
FIGURE 2: PET FOOD INGREDIENTS MARKET, BY CATEGORY, 2023 VS 2032 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Pet Food Ingredients Ingredient Insights
Based on ingredient, the global Pet Food Ingredients market segmentation includes AOX and antimicrobials. The AOX held the majority share in 2023. AOX is an antioxidant that is added to pet food to prevent oxidation and extend shelf life. Oxidation can cause pet food to spoil and lose its nutritional value. AOX can be natural or synthetic. Natural AOX includes Mixed Tocopherols, Rosemary Extract, Green Tea, and Others. However Synthetic AOX includes Canthaxanthin, Butylated hydroxyanisole (BHA), Butylated hydroxytoluene (BHT), Ethoxyquin and Others.
FIGURE 3: PET FOOD INGREDIENTS MARKET, BY INGREDIENT, 2023 VS 2032 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Pet Food Ingredients Use Case Insights
Based on use case, the global Pet Food Ingredients market segmentation includes dog, cat, fish, and other foods. The dog food held the majority share in 2023. Household spending on healthy dog food is increasing as the number of pets in the household increases and owners are more concerned about their dogs' health. Dogs are carnivores, so their diet is mainly meat-based. The carbohydrate needs of dogs are very low, as the need for more nutritious and less starchy products has increased. Dry dog food is a favorite among owners around the world. It is beneficial in supporting a healthy oral system in dogs. In addition, it is more convenient and cost-effective than wet food in the market. Another advantage of this product is that it has a long shelf life and does not require refrigeration or special storage. Free food is another plus, and these factors are expected to drive the growth of the sector in the coming years.
FIGURE 4: PET FOOD INGREDIENTS MARKET, BY USE CASE, 2023 VS 2032 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Pet Food Ingredients Distribution Channel Insights
Based on distribution channel, the global Pet Food Ingredients market segmentation includes direct and indirect. The indirect held the majority share in 2023. Direct store channels for pet food typically refer to the various ways in which pet food manufacturers and suppliers distribute their products directly to consumers. These channels bypass intermediaries, such as wholesalers or retailers, allowing for a more direct connection between the producer and the pet owner. Few of the channels are brand websites, company owned retail services, subscription services, and various others.
FIGURE 5: PET FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL, 2023 VS 2032 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Pet Food Ingredients Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The North America Pet Food Ingredients market accounted for ~38.40% in 2023. The region has a strong and extensive pet care market driven by a large and dedicated population of pet owners. The North American market is characterized by discerning consumer preferences, affordability, an emphasis on natural foods, and a greater focus on animal health and welfare. The trend to humanizing pets has created a demand for high-quality, nutritionally rich pet food ingredients, resulting in a surge in specialty and therapeutic diets. This consumer emphasis on clean labels and recognizable, transparent ingredient lists has led to innovations in natural antioxidants, proteins, and functional ingredients. Following laws that ensure product safety and compliance with industry standards contributes to the region's reputation for quality and reliability. North America continues to be a hotbed of innovation and research, shaping the Indirection of the pet food market to meet consumer demand and advance pet food.
FIGURE 6: PET FOOD INGREDIENTS MARKET SIZE BY REGION 2023 VS 2032 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, and South Korea.
Europe is expected to secure the second-largest market share, this dominance is largely attributed to the significant consumer demand for products. Europe holds a prominent position in the global pet food ingredients market, marked by a well-established pet care industry and a discerning consumer base. Countries such as the UK, Germany, France and Italy, this region boasts high level of pet ownership and a culture that places a premium on the health and well-being of companion animals. European consumers exhibit a strong inclination towards natural and sustainably sourced pet food ingredients, contributing to a notable demand for clean label products. The market reflects a growing awareness of animal nutrition and a focus on functional foods that address specific health concerns. European regulatory authorities maintain strict standards to ensure the safety and quality of pet food, fostering consumer trust in the products available.
Pet Food Ingredients Key Market Players & Competitive Insights.
With a strong presence across different verticals and geographies, the Pet Food Ingredients market is highly competitive and dominated by established, pure-play vendors. Over 10 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new updates. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Pet Food Ingredients market is highly competitive, with many vendors offering similar products and services.
The major players in the market include Kemin Industries, Inc., BASF SE, Koninklijke DSM N.V., Archer Daniel Midlands Company, Cargill, Incorporated, Ingredion Incorporated, Biorigin, Impextraco NV, Alltech, and Vitablend Nederland B.V. Corporation constantly takes on new challenges to ensure the stability of its management foundation by extending its reach into business fields. In 2023, the Pet Food Ingredients market remains highly fragmented, characterized by a diverse array of players, from large multinational corporations to numerous smaller, local firms. This fragmentation is evident from the market share distribution, where the leading companies command only a small fraction of the overall market. It concentrates on broadening its product offerings to reach new audiences in the global market.
The global Pet Food Ingredients market is consolidated, increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the Pet Food Ingredients market include
Pet Food Ingredients in Industry Developments
Pet Food Ingredients Market Segmentation:
Global Pet Food Ingredients Category Outlook
Global Pet Food Ingredients Ingredient Outlook
Global Pet Food Ingredients Use Case Outlook
Global Pet Food Ingredients Distribution Channel Outlook
Pet Food Ingredients Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 47.9 billion |
| Market Size 2024 | USD 51.65 billion |
| Market Size 2032 | USD 94.31 billion |
| Compound Annual Growth Rate (CAGR) | 7.82% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2023 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Category, Ingredients, Use-Case, and Distribution Channel |
| Geographies Covered | North America, Europe, Asia-Pacific, MEA, and South America |
| Major Countries Covered | US, Canada, Mexico, Germany, UK, France, Italy, China, India, Japan, South Korea, UAE, south Arabia, south Africa, Brazil, and Argentina. |
| Key Companies Profiled | Kemin Industries, Inc., BASF SE, Koninklijke DSM N.V., Archer Daniel Midlands Company, Cargill, Incorporated, Ingredion Incorporated, Biorigin, Impextraco NV, Alltech, and Vitablend Nederland B.V. |
| Key Market Opportunities | · Shift in Focus Toward Natural and Grain-Free Products · Increased Demand for Natural, High-Quality Ingredients Aligning with Pet Owner Preference |
| Key Market Dynamics | · Increasing Trend of Humanization of Pets · Growing Focus on Pet Health and Wellness |
Pet Food Ingredients Market Highlights:
Frequently Asked Questions (FAQ) :
The global Pet Food Ingredients market size is expected to be valued at USD 47.9 Billion in 2023.
The global market is projected to grow at a CAGR of 7.82% during the forecast period, 2023-2032.
The North America had the largest share of the global market.
The key players in the market Kemin Industries, Inc., BASF SE, Koninklijke DSM N.V., Archer Daniel Midlands Company, Cargill, Incorporated, Ingredion Incorporated, Biorigin, Impextraco NV, Alltech, and Vitablend Nederland B.V.
Conventional dominated the market in 2023.
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