Driving assessment

Pet Food Ingredients Market Worth Around USD 20,499.19 Million by 2032 – IMF Exclusive Report

The Global pet food ingredients market is expected to be worth USD 20,499.19 million by the end of 2032 growing at a CAGR of 5.4% over the forecast period 2022-2032.

This growth is attributed to the current trend seen among consumers, especially the younger generation, towards humanizing animals and cultivating pets. This has led consumers to be willing to pay premium prices on nutritional foods for their four-legged friends. This then helped boost the sales of pet food ingredients around the world.

Market value of pet food ingredients in 2022 USD ~ $12,115.2 million
Market value of pet food ingredients in 2032 USD ~ $20,499.19 million
World growth rate (2022 to 2032) ~5.4% CAGR

Moreover, cultural changes have influenced the increase in the number of pet owners who are becoming more and more popular among customers, especially among Millennials and Gen Z to some extent, as they have l intend to depend on these pets for their emotional support. Consequently, households with younger members are more likely to own a pet, making them an attractive demographic for the pet food industry.

Growing consumer awareness of organic pet food ingredients has caught the attention of manufacturers and as a result, the focus has shifted from artificial ingredients to natural ingredients which have acted as one of the major driving forces impacting the global market.

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Key insights from market research

  • In the inherently conventional segment, the pet food ingredients market is expected to hold a market share of approximately 87.% in 2022
  • The market is also segmented on the basis of ingredient type, with protein-based pet food expected to account for 19.7% of the overall ingredient type market in 2022.
  • In the European market, Germany accounts for a large share of 20.1% in 2022, which is also expected to witness a lucrative growth rate of 2.9% during the forecast period.
  • Growing consumer demand for nutritious and healthy food for their pets is driving sales of pet food ingredients in global markets.
  • By product type, dry pet food ingredients are expected to hold the highest market share of around 36.8% and wet food ingredients are expected to hold a market share of 34.3% d by the end of 2032.
  • After COVID-19, the factories are now fully operational and there are no logistical constraints at the same time. In addition, imports and exports from the European market to the world are expected to increase over the next few years.

“The Pet Food Ingredients market manufacturers are currently focusing on organic market strategies such as innovations and new product launches to attract new customers and subsequently generate higher revenue at scale world,” says an analyst from Future Market Insights.

For more information on the research approach used in the report, ask the analyst @

https://www.futuremarketinsights.com/ask-question/rep-gb-14311

Competitive landscape

The major pet food ingredients players mainly invest in the research and development of nutritious pet food ingredients while improving the quality of their products. These manufacturers are constantly updating their product lines with new launches keeping in mind the requirements of a healthy diet for an animal.

  • chr. Hansen launched its science-based probiotics for the companion animal segment. It introduced a new portfolio of stable live probiotics for use in supplements and pet food, improving every animal’s life stage with good bacteria.
  • Cargill launches The Chomperya new line of butcher-grade dog treats from the USA

Explore more valuable insights

Future Market Insights in its new report offers an unbiased analysis of the global Pet Food Ingredients market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.

Global Pet Food Ingredients Market Segmentation Analysis

By type of ingredient:

  • Starches
    • But but
    • Tapioca
    • Potato
    • Wheat
    • Rice
    • Whole grains
    • Fruits and vegetables
    • Seeds and Legumes
  • Dietary fiber
    • Wheat
    • Rice
    • Fiber
    • Potato
    • Legumes
    • oats
    • Inulin
    • Nuts and chicory root
  • fruit ingredients
    • Apple
    • Cranberry
    • Blueberry
    • Other Fruit Ingredients
  • Protein
  • Sugar
  • Fructo-Oligosaccharides
  • Mannan-oligosaccharide
  • Sorbitol
  • Propylene glycol
  • Glycerol

By animal type:

By nature :

  • Organic Pet Food Ingredients
  • Conventional Pet Food Ingredients

By product type:

  • wet food
  • Dry foods
  • Treats and chews
  • Other types of products (frozen food, raw food, etc.)

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Industries. Kindly get in touch for more details.

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