Pet Food Ingredient Market Size (2023 - 2030)

The pet ingredients market size at the global level is expected to grow from USD 39.8 billion in 2022 to reach USD 52.3 billion in 2030. The market is expected to record a CAGR of 6.8% from 2022-to 2030. 

Pet ingredients are the ingredients extracted from grains, vegetables, fats, fruits, meat, additives, and meat products. Around 95% of the pet owners assume that their accompanying animals are a part of their family and play an important role in the quality of the ingredients in the food they are served to. Meat and meat products are accepted at less cost followed by grains. Rendering is where leftovers from humans can also be used in the product. 

Pet ingredients are rich in calcium, fiber, carbohydrates, and proteins. The manufacturers in the pet ingredients market utilize different types of ingredients for pet feeding for providing a complete diet to the pets. The subject of personalized food items for pets is becoming widespread among the advanced markets. 

Pet food ingredients generally follow human food trends. New protein sources have become more famous among pet food applications. Pet food is formulated as per the nutritional needs which is one of the major thing of the pet food. 

Market Drivers

The growing humanization of pets and increasing per-capita income propel the pet food ingredients market. The pet owners are more aware of the pet's health, immunity, skin health, and general awareness drive the market demand. The demand for premium food products is hiking with the growth in pet adoption pace and the stimulating inclination of pet humanity accelerates the pet ingredients market. The awareness regarding animal health and nutrition in consumers is rising and the demand from individuals for pets is mounting. These above-mentioned factors help in uprising the market growth. The rising call for pet meals has got a huge demand in pet food elements boosting the pet ingredients market growth during the foreseen period. 

Market Restrains

However, the high-cost production of high-quality protein feed ingredients like organic natural and gluten-free ingredients dampens the market growth. 

Segmentation Analysis

As per the research report, the global pet food ingredients market is based on the pet, ingredients, source, and form.

Pet Food Ingredient Market - By Pet

• Dog
• Cat
• Fish
• Others (rabbits, birds, and horses)

By pet, the dog's segment dominates the global pet ingredients market. Adopting a dog as pets are prominently high in many countries and continue to dominate throughout the foretold period. The maintenance and well-being of dogs associated with high expenses drive the natural and higher-quality of dog food. 

The cat segment and cat ownership are slated to surge worldwide at a vital rate. Cat's segment is low-maintenance animals and is much human-friendly. 

Pet Food Ingredient Market - By Ingredients

• Cereals
  • Corn & cornmeal
  • Wheat & wheat meal
  • Barley
  • Rice
• Vegetables & Fruits
  • Potatoes
  • Soy & soy meal
  • Carrots
  • Fruits
• Fats
  • Fish oil
  • Tallow
  • Lard
  • Poultry fat
  • Vegetable oil
• Meat and meat products
  • Deboned meat
  • Meat meal
  • By-product meal
  • Animal digest
• Additives
  • Vitamins & minerals
  • Enzymes
  • Others (Flavors and Colors)

By ingredients, the cereals segment dominates the pet food ingredients market. The dominance relies upon as the pets choose dry food compared to wet foods. 

Pet Food Ingredient Market - By Source

• Synthetic
• Plant-based
• Animal-based

The animal-based source segment led the pet ingredients market in 2022 with the highest share. The segment is with 32% of the share in pet ingredients in 2022. The animal-based part is leading due to the growing manufacturers focusing on utilizing fish as an animal derivative in pet food. The animal-based part is a good source of Omega-3, Vitamin A, and D. Fish and their bones are included in pet food as they are rich in calcium and phosphorus. Meat accelerates the savor of pet food and improves digestion. 

Pet Food Ingredient Market - By Form

• Dry
• Wet

The dry form is the most chosen food for dogs and cats. Dry form products provide higher convenience and also have a high shelf-life compared to wet food. For dogs, dry food is the most chosen option. The dry form is more inexpensiveness and therefore available for many dog owners. 

Regional Analysis

North America spearheaded the pet food or pet ingredients market in 2022. The region attributes to more than 41% of the share in terms of revenue. The advantage regarding the quality ingredients in pet food is increasing which propels the market growth during the foreseen period. As per the American Pet Products Association (APPA), around 85 million U.S households compose 67% of the total households present in the U.S. The consumers in North America have a positive attitude towards pet humanization and its wide adoption is motivating the growth of nutritious food products for pet animals. 

Europe has set a tremendous share in the pet ingredients market due to the high rise in population with huge expenditure on reliable and secured pet animal food. 

The United Kingdom is the largest market for pet ingredients in Europe. Germany and France are the second and third-largest markets after the UK. More than 72% of the pet owners in the UK have considered themselves as pet parents, as per the Mars Petcare State of the Pet Nation. The pet owners in the UK have inclined to buy premium which naturally accelerates the high use of pet animal food. 

However, Asia-Pacific is considered to grow as the quickest-growing region. The region's growth rate is high due to the adoption of dogs in India and China. Japan is one of the leading importers for prepared dog and cat food. The pet ingredients market in China and India is scheduled to surge memorably due to the growing spending of consumers on food products for pet animals. Australia, Japan, and China are the major contributors in producing revenue as market players are continuous investments that drive market growth. 

Latin America is estimated to be the second-quickest growing region in the pet food ingredients market. The rise in export and import of pet food ingredients and increasing adoption rate fuels the market growth. 

Brazil is the second-largest pet food market in the region. Brazil is dominating its position in the pet food market. Brazil has the most varied pet population stimulating the pet ingredients market growth throughout the region. 

Mexico is one of the largest feed-producing countries in the world. The growth owes to the surge in domestic consumption fuels the market growth in the region. 

The Middle East and African market for pet ingredients are expected to have remarkable growth. The growth in MEA owes to the growing adoption of companion animals and rising their focus on quality products. The market in Africa is supporting the growth due to the growing population. 

Moreover, Turkey is a dog and cat food market in the Middle East and Africa. The sales are fueled with high demand both in local and foreign markets. The Turkish dog and cat food market are governed by local pet animal food manufacturers. 

Major vendors in the global Pet Food Ingredient Market

The key companies in the global market are:

1. Cargill Inc. (US)

2. BASF SE (Germany)

3. DuPont (US)

4. Ingredion Incorporated (US)

5. Archer Daniels Midland Company (US) are the major companies operating in the global pet food ingredients market. 

COVID-19 Impact on the Pet Food Market

The quick and widespread novel coronavirus (COVID-19) has implemented both positive and negative effects on the pet food market. Due to the restrictions in the raw material supply, the pet food ingredients market endured in terms of revenue and supply. But, during the lockdown, the demand for the pet food segment has experienced a stable and secured growth as many people across the globe have adopted more pets as their companions. The need for adopting pets is increasing in some major countries. To meet the demand, the market players have changed their focus from retail stores to e-commerce platforms by growing their investments in advancing their websites. During the first half of the COVID period, the rescue centers and breeders have reported an increase in inquiries from people asking for pet adoption

During the lockdown period, most of the population have grabbed this as an opportunity to own a pet and started treating them as their family members. Once the lockdown operations were back to the normal stage, the adoption of pets has seen an uprise, and the demand for premium cat and dog feed has risen significantly. As the lockdown has caused a short-term increase in sales, the pet owners have prepared dog and cat food during the pandemic crisis period. In 2022 March, New York City has experienced a 260% rise in dog and cat food sales. 

Recent Market Developments

• On July 07, 2022, Ingredion Incorporated launched a new exclusive line of pulse-based ingredients for pet food, food, and beverage manufacturers in the U.S and Canada. The new pulse-based ingredient portfolio includes Prista, including HOMECRAFT Prista P101 pea flour, VITESSENCE Prista P155 pea protein concentrate, and VITESSENCE Prista P360 faba bean concentrate.