The Pet Food Ingredient Global Market Report 2023, provides comprehensive information on the pet food ingredient market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global pet food ingredient market size is expected to grow from $29.29 billion in 2022 to $31.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pet food ingredient market size is expected to reach $40.98 billion in 2027 at a CAGR of 6.8%.
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Major companies operating in the pet food ingredient market are innovating new products to sustain their position in the market. For instance, in February 2021, Cargill Inc., a US-based food corporation, launched The Chompery, a new brand of butcher-quality dog treats that are all-natural and made from a single, simple ingredient. There are bones, ribs, windpipes, and jerky in the product lineup, and that is easy to digest. Moreover, it gives animals an energy boost, which makes them more active, and it makes them tasty to eat, which provides them with nourishing food.
The pet food ingredient market is segmented:
1) By Ingredient: Meat And Meat Products, Cereals, Vegetable And Fruits, Fats, Additives
2) By Form: Dry, Wet
3) By Nature: Organic, Inorganic
4) By Source: Animal-Based, Plant Derivatives, Synthetic
5) By Pet: Dogs, Cats, Fish, Other Pets
North America was the largest region in the pet food ingredient market in 2022.
The table of contents in TBRC’s pet food ingredient market report includes:
1. Executive Summary
2. Pet Food Ingredient Market Characteristics
3. Pet Food Ingredient Market Trends And Strategies
4. Pet Food Ingredient Market – Macro Economic Scenario
5. Pet Food Ingredient Market Size And Growth
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26. Africa Pet Food Ingredient Market
27. Pet Food Ingredient Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pet Food Ingredient Market
29. Pet Food Ingredient Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- BASF SE
- Darling Ingredients Inc
- Cargill Inc
- DSM Nutritional Products AG
- Omega Protein Corporation
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