Global Pet Food Ingredients Market
Global Pet Food Ingredients Market
By Source (Plant Derivatives, Additives, Animal Derivatives), By Animal (Dog, Bird, Fish, Cat, Others), By Form (Wet pet food, Dry pet food), By Region (North America, Europe, Asia-Pacific and Rest of the World).
The Global Pet Food Ingredients Market was valued at USD 31.17 billion in 2016 and is projected to reach USD 45.93 billion by 2025, growing at a CAGR of 4.40% from 2017 to 2025.
The pet food industry plays a vital role in the animal feed industry. Increase in pet population and spreading awareness about the health of pets is the major reason for the growth of the pet food ingredients market. The increase in the income and lifestyle change of the Asia-Pacific region has increased the adoption rate of pets which also has led to a major growth in the pet food ingredients market. Meats are the best source of proteins, Iron and some vitamins for most of the animals. They have high digestibility and also increase the palatability of the product.
1. Market Drivers
1.1 Sudden rise in pet population.
1.2 Increase in the rate of human pet adoption.
1.3 Better quality of pet food.
1.4 Better distribution network for the ingredients.
2. Market Restraints
2.1 Availability of ingredients
2.2 Strict Rules and Regulations.
The Pet Food Ingredients Market is segmented on the basis of Source, Animal, Form and Region.
1. By Source:
1.1 Plant Derivatives
1.3 Animal Derivatives
2. By Animal :
3. By Form:
3.1 Wet Pet Food
3.2 Dry Pet Food
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Rest of World
The major players in the market are as follows:
1. BASF SE
2. John Pointon & Sons Ltd.
3. Archer Daniels Midland Company
4. Omega Protien Corporation
5. E. I. Du Pont De Nemours and Company
6. Darling Ingredients Inc.
7. Koninklijke DSM N.V.
8. Roquette Frères
9. Ingredion Incorporated
10. The Scoular Company
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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