Pet Food Ingredients Market Size by Ingredients (Amino acids, Phosphates, Vitamins, Acidifiers, Specialty Proteins, Carotenoids), By Animal (Dog, Cat, Fish), Industry Analysis Report, Regional Outlook Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Pet food ingredients market size surpassed USD 660 million in 2019 and is projected to register over 5% CAGR between 2020 and 2026. Rising number of pet adoptions along with increasing consciousness of their health & wellbeing will spur industry demand.
 

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Increasing pet humanization and rising individual spending on high quality and premium food is one of the significant factors which supporting the pet food ingredient industry outlook across the globe. Pet food ingredients such as amino acids, phosphate, specialty, vitamins, and other nutritional are commonly incorporated in the pet food. As these ingredients helps to improve animal immune, gut health, metabolism and other and supports healthy growth of pet. Industry players are continuously investing research and development activities and monitoring its product offering to exhilarate ever rising demand of consumers.
 

Dogs and cats are a few of the most adopted animals by people, which is one of the significant reasons supporting the market trends. The rising trend of pet parenting is fuelling the market demand for high-quality and premium foods; thus, the demand for phosphate is also increasing as it is highly incorporated in pet food due to its numerous health benefits such as aiding in pet’s healthy skeletal formation, nerve impulse transmission, muscles contraction, and others. This has led to an increase in the demand for the pet food ingredients market.
 

Continuous R&D along with incorporation of nutritious ingredients in pet food is likely to boost demand for amino acid

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Global pet food ingredients from amino acid is likely to register over 4.4% CAGR through 2026 owing to numerous health benefit associated with them such as it supports their immune system, metabolism and many others. Amino acid is an essential additive in pet food used for metabolic purposes and growth. lysine, tryptophan, methionine, threonine are key amino acids used in aquaculture feed. Likewise, amino acid, which is a synthetic substance, is often used in organic pet food production to offer adequate nutrition.
 

Further, deficiency of amino acid leads to tissue pathologies. Thus, amino acid plays a vital role in aquatic feed. In the last couple of decades, Europe has witness significant growth in the aquaculture production, especially in Norway which accounts for about half of the total European production. Norway, Spain, the United Kingdom, France and Italy are the prime countries holding over 80% of Europe aquaculture production. Further, amino acid is a building blocks of proteins and polypeptides which builds animal muscles and protein.
 

Moreover, amino acid plays a significant role biochemical and metabolic processes in the cells of animals.  In addition to these, amino acid is essential for animal growth, reproduction, lactation and health. Since amino acid improving the efficiency of protein utilization in animal feeding. Thus, it gained wider in acceptance in pet food.  The global pet feed industry grew by approximately 4% across the globe in 2019. These listed factors are likely to propel the pet food ingredients market share.
 

Rising pet humanization and growing preference of their health & wellness promote market trends

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Global pet food ingredients market from dog segment is likely to surpass USD 460 Million by 2026 owing rising pet humanization trend. Pet food ingredients is widely used in dog food owing to its protein – rich and nutrition characteristics. Furthermore, stringent regulations on the use of chemically- induced additives along with the rapid adoption of natural products are likely to boost consumption.
 

The gradually increasing demand for the protein and nutrition rich product has shown noticeable difference in the pet food industry. Additionally, technological improvement in hydrolysis method and rendering technology should drive industry growth. Further, pet food ingredient sourced from plants are also gained traction. Thereby, protein ingredients such as soy-based meals are source of protein in pet food. As it contains over 60% proteins and essential amino acids required for pet animals and other livestock.
 

Consumption of nutrition rich- products creates growth opportunities in North America

North America pet food ingredients market should exceed USD 290 Million by 2026 owing to increasing pet humanization trend and rising consumer awareness towards their pet health. Major companies are investing in new product launches for local and international markets. In both Canada and the U.S., strong institutional support by the governments for pet food will foster industry expansion. In addition, Mexico is one of the largest feeds producing countries in the world. This growth can be attributed to increase in domestic consumption and not in exports.
 

Advert of new technologies and incorporation of healthy ingredient in pet food are some of the key factors influencing market outlook of pet food and directly impacting the demand of pet food ingredient. According to USDA forecast, the value of production of livestock is approximately USD 37.0 billion, which has shown positive impact on the market. In addition to these, dogs are one of the most adopted animals among other animals. Thus, increasing concern among pet owners about their pet health has led to an increase in their spending on pet food.
 

High Cost production and Inconsistent universal guidelines are restraining market growth

High quality protein feed ingredients such as organic natural and gluten-free ingredients usually require premium raw materials as compared to conventional products which significantly drives up the cost and should hinder market growth. Higher priced pet food widely uses chicken meal, a single source meat protein which is significantly more expensive than poultry by-product meal.
 

Various pet food ingredients are certified by certifying authorities which adds the cost of procuring the certification to the pet food ingredient. These certifications require the entire supply chain to comply with the standards laid out in the certification, which results in additional expenses for the grower, the farmer, and the producer. Finally, obtaining the certification requires the services of third-party auditors who perform audits to ensure compliance which further increases the cost of the pet food ingredient.
 

New Product Launches and R&D Initiatives to be Key Business Strategies Incorporated by Manufacturers

Global pet food  ingredients market is fragmented, and key players include Koninklijke DSM N.V., Lallemand, Diana Pet Food, Pancosma, DuPont Nutrition & Health, BHJ A/S, American Dehydrated Foods Inc., Muenster Milling Company, Biorigin, Vitiva, AFB International, Kemin Industries, Inc., Archer Daniels Midland Company, Novus International, Hebei Donghua Chemical Group and others. Moreover, other small emerging player are also showing keen interest due to the virtue of increasing consumer’s spending on high premium food for their pet. Furthermore, manufacturers are also focusing to increase its product penetration by several acquisition and collaboration activities.
 

For instance, on 8^th September 2020, DuPont Nutrition & Health (DuPont) has announced to open a new animal nutrition manufacturing industry in China. This new manufacturing plant will offer the local animal production industry with customized solutions as per DuPont’s global quality standards and advanced technology.
 

In June 2020, Koninklijke DSM acquired Erber Group’s Biomin. Bimoin has specialization in mycotxin risk and gut health performance management and Erber Group’s is known for its specialty animal nutrition & health business. Through this Koninklijke DSM has enhanced its product portfolio of animal health & nutrition.
 

Pet Food Ingredients Market research report includes in-depth coverage of the industry with estimates & forecast in terms of and revenue in USD and volume (Kilo Tons) from 2015 to 2026 for the following segments:

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By Ingredients

• Amino acids
• Phosphates
• Vitamins
• Acidifiers
• Specialty Proteins
• Carotenoids
• Others

By Animals

• Dog
• Cat
• Fish
• Others

The above information has been provided for the following regions:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Malaysia
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Peru
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa