The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Pet adoption rates are likely to promote innovation in pet food ingredient manufacturing, propelling the market during the forecast period.

The global pet food ingredient market 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 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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Global pet food ingredient Market Segments Include:

• By Ingredient: Meat And Meat Products, Cereals, Vegetable And Fruits, Fats, Additives
• By Form: Dry, Wet
• By Nature: Organic, Inorganic
• By Source: Animal-Based, Plant Derivatives, Synthetic
• By Pet: Dogs, Cats, Fish, Other Pets
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global pet food ingredient market in 2021.

Major Market Players in the pet food ingredient market include BASF SE, Darling Ingredients Inc., Cargill Inc., DSM Nutritional Products AG, Omega Protein Corporation, Archer-Daniels-Midland Company (ADM), Kemin Industries Inc., Chr. Hansen A/S.

To maintain their market position, major players in the pet food ingredient market are developing new products. For example, Cargill Inc., a US-based food firm, debuted The Chompery in February 2021, a new brand of butcher-quality dog treats that are all-natural and created from a single, basic ingredient. The product line includes bones, ribs, windpipes and jerky, all of which are easy to digest. Furthermore, it gives animals an energy boost, making them more active, and it makes them tasty to eat, providing them with nutritious food.

The Pet Food Ingredient Global Market Report 2023  provides a pet food ingredient market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pet food ingredient market forecast analyzes pet food ingredient market size, pet food ingredient market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Pet food ingredients are components added to pet food products to boost nutritional value and help pets meet their nutritional and energy demands for proteins, carbohydrates, fatty acids, vitamins, minerals, and other nutritional and energy sources.

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