Pet Food Ingredients Market to Witness a Healthy CAGR of 7.1% with USD 32.12 billion in 2023

Pet Food Ingredients Market

Market Insights and Analysis: Global Pet Food Ingredients Market Overview and Projections (2024-2030)

The Global Pet Food Ingredients Market size was valued at around USD 32.12 billion in 2023 and is projected to grow at a CAGR of around 7.1% during the forecast period, i.e., 2024-30.

Top leading companies in the Pet Food Ingredients Market includes:

Darling Ingredients Inc., Ingredion Incorporated, Omega Protein Corporation, Kemin Industries Inc., Chr. Hansen Holding A/S, Roquette Freres, Sariah A/S GMBH & Co.KG, The Scoular Company, Phileo by Leasaffre, LaBudde Group Inc., Linkone Ingredients Solution, 3D Corporate Solutions, Hydrite Chemicals, Green Source Organics, Vivitiva DOO, AFB International, Symrise AG, Zinpro Corporations, Kerry Group Plc., Foodsafe Technologies

Recent Developments:

  • In September 2023: In Elven, France, Symrise AG established its pilot plant for dry pet food. The plant has lab research, a palatability performance assessing gadget, and an R&D unit to comprehend the dry pet food production process.
  • In July 2023: Symrise AG modified the title of its brand of pet-feeding ingredients to “Nuvin.” The company provides chicken, eggs, hydrolyzed protein, and other pet health solutions were intended to be strengthened by this.
  • In June 2023: DSM established a state-of-the-art premix manufacturing facility in Tonganoxie, Kansas, to broaden its premix capabilities in North America. This new manufacturing facility is expected to begin operations in 2025 and is ideally located in the center of the United States, near the hub of the country’s pet food manufacturing industry.
  • In May 2022: All of Valley Proteins, Inc.’s shares were recently acquired by Darling Ingredients Inc. for a projected payment of around USD 1.1 billion. Valley Proteins has been in charge of 18 significant rendering and used cooking oil manufacturing facilities located in the mid-Atlantic, southeast, and southern regions of the United States. Serving the rendering and recycling industries, Valley Proteins employs 1,900 employees and has a fleet of 550 vehicles.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Pet

-Dog

-Cat

-Fish

-Others (Rabbit, Bird etc.)

  • The dog segment holds the largest share of the Global Pet Food Ingredients Market

By Form

-Wet

-Dry

By Ingredients

-Cereals

–Maize

–Barley

–Wheat

–Oats

-Meat & Meat Products

–Animal Meat

–Animal Part & Bone Meal

-Fats

–Animal Fat

–Plant Fat

-Additives

–Vitamin & Minerals

–Flavours

–Antimicrobials

–Others (Antioxidants, Preservatives, etc.)

Explore Our Comprehensive Study Reports – https://www.marknteladvisors.com/research-library/pet-food-ingredients-market.html  

Pet Food Ingredients Market Geographic Reach:

The Geographic Reach of the Pet Food Ingredients Market evaluates the spread and significance of Pet Food Ingredients market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

  • North America: US, Canada, Mexico
  • Europe: Germany, The UK, France, Italy, Spain, Russia, Rest of Europe
  • Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
  • South America: Brazil, Argentina, Rest of South America
  • Middle East & Africa: Saudi Arabia, The UAE, Egypt, Turkey, South Africa, Rest of Middle East & Africa

Note: If you require specific information not covered in the current report, we can provide it through customized option

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