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Pet Food Antioxidants Market Size

Report ID: GMI9007
Published Date: Apr 2024
Report Format: PDF

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Pet Food Antioxidants Market Size

Pet Food Antioxidants Market size was valued at around USD 129.26 million in 2023 and is anticipated to register a CAGR of over 3.8% between 2024 and 2032. As consumers increasingly seek high-quality and nutritious options for their pets, the demand for pet food containing antioxidants rises.

Pet Food Antioxidants Market

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Antioxidants play a crucial role in preserving the freshness and nutritional integrity of pet food by inhibiting oxidation and delaying the onset of rancidity. With the pet humanization trend gaining momentum, pet owners are more inclined to purchase premium pet food products that incorporate antioxidants for their pets' longevity and vitality. Additionally, as veterinarians and pet nutritionists emphasize the benefits of antioxidants in preventing age-related diseases and supporting overall immune function in pets, the demand for antioxidant-rich pet food continues to grow. Thus, the market is expected to attain a market value of over USD 182 million by 2032.

Pet Food Antioxidants Market Report Attributes
Report Attribute	Details
Base Year:	2023
Pet Food Antioxidants Market Size in 2023:	USD 129.26 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	3.8%
2032 Value Projection:	USD 182.75 Million
Historical Data for:	2021 - 2023
No. of Pages:	310
Tables, Charts & Figures:	210
Segments covered:	Antioxidant Type, Pet Type, Formulation
Growth Drivers:	Increasing pet ownership Growing Focus on Pet Health and Wellness Product Innovation and Premiumization
Pitfalls & Challenges:	Regulatory Challenges and Ingredient Safety Concerns

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One potential pitfall for the pet food antioxidants market is navigating regulatory requirements and addressing concerns regarding the safety and efficacy of antioxidant ingredients used in pet food formulations. Regulatory agencies impose strict guidelines on the use of additives and supplements in pet food to ensure product safety and efficacy. Any issues related to ingredient safety or regulatory compliance could negatively impact consumer trust and confidence in antioxidant-rich pet food products, leading to potential market setbacks. Therefore, manufacturers must maintain transparency, adhere to regulatory standards, and conduct rigorous testing to mitigate risks and ensure the safety and quality of their products.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Pet food antioxidants industry size recorded USD 129 million in 2023 and is expected to register over 3.8% CAGR from 2024 to 2032, owing to the rising demand by consumers for high-quality and nutritious pet food options.

The synthetic antioxidants segment in the market accumulated USD 78.16 million in 2023 and is projected to witness substantial growth from 2024 to 2032, due to their longer shelf life and greater stability in pet food formulations.

North America pet food antioxidants industry accounted for USD 44.45 million in 2023 and is expected to expand at substantial CAGR from 2024 to 2032, due to a large population of pet owners and rising awareness of pet health.

Adisseo, Alltech, Archer Daniels Midland Company, BASF SE, Cargill, Caldic, Kemin, Koninklijke DSM N.V., Nutreco, Novus International are some of the major pet food antioxidants companies worldwide.