Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, Rise in awareness regarding nutritional benefits of minerals, dietary fiber, carotenoids, and omega-3 fatty acids in pet nutrition has encouraged the development of the pet food ingredients market over the past few years.
According to a report,"Pet Food Ingredients Market Size, Share & Trends Analysis Report By Ingredients (Amino Acid, Specialty Protein, Phosphates, Vitamins, Acidifiers, Antioxidants, Enzymes), And Segment Forecasts, 2019 - 2025", published by Grand View Research, Inc.,The global pet food ingredient market size is expected to reach USD 59.45 billion by 2025, rising at a CAGR of 5.9% during the forecast period. Increasing pet ownership is one of the key trends escalating market growth. Rendered protein meals such as fishmeal, poultry by-product meals, and meat and bone meal are universally used in companion animal’s feed owing to protein-rich content along with a good balance of amino acids. Balancing essential and conditionally essential fatty acids is an important factor for the selection of specific fats in a diet regime.
Key Takeaways from the report:
The global pet food ingredient market is likely to generate a demand of 24,600.6 kilotons by 2025
In terms of revenue, Asia Pacific emerged as the fastest growing region in the pet food ingredient market
Asian countries such as India and China are expected to witness notable growth in the coming year
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The global sales of dog foods with probiotics exhibited a whopping 139.0% growth from 2017 to 2018. Superfood is witnessing strong growth in sales, including 2.0% sales growth for pet foods with blueberry, 8.0% for cranberry, and 13.0% for sweet potato. Increasing focus on nutrition of companion animals and rising consumer willingness to spend on pet care are anticipated to drive the market at a healthy growth rate over the coming years.
Rising number of hypermarkets along with pet specialty stores resulted in development of distribution channels, which is augmenting the global pet food ingredient market. Key manufacturers are involved in marketing and educational campaigns to increase consumer awareness regarding benefits of nutritious ingredients, which is likely to propel the market over the coming years.
Some of the major players in the market are Diana Pet Food; AFB International; Kemin Industries; Lallemand, Inc.; Vitablend USA; American Dehydrated Foods, Inc. (ADF); Alltech; Kalsec, Inc.; Ameri-Pac, Inc.; and BTSA.
Grand View Research has segmented the global pet food ingredient market on the basis of product and region:
Pet Food Ingredients Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Specialty Proteins
Beef Proteins
Egg Proteins
Blended Proteins
Hydrolyzed Proteins
Hydrolyzed Feather
Hydrolyzed Chicken
Hydrolyzed Collagen
Pork Protein
Pork Plasma
Pork Powder
Fish Protein
Salmon
Whitefish
Others
Poultry Protein
Chicken
Others
Ovine Proteins
Lamb
Others
Cervine Proteins
Other Animal Proteins
Plant Proteins
Algal Proteins
Amino Acids
Lysine
Methionine
Threonine
Cysteine
Others
Mold Inhibitors
Gut Health Ingredients
Beta-Glucan
Cereals
Mushroom
Yeasts
Seaweed
FOS & MOS
Probiotics
Prebiotics
Phosphates
Monocalcium
Dicalcium
Phospholipids
Others (Ortho phosphates, SAPP, TSPP, etc.)
Vitamins
Water-soluble
Fat-soluble
Acidifiers
Phosphoric Acid
Propionic Acid
Fumaric Acid
Formic Acid
Citric Acid
Acetic Acid
Lactic Acid
Others
Carotenoids
Astaxanthin
Beta-Carotene
Zeaxanthine
Lutein
Others
Enzymes
Phytases
Carbohydrases
Proteases
Others
Mycotoxin Detoxifiers
Binders
Modifiers
Flavors & Sweeteners
Palatants
Flavors
Natural
Poultry Flavors
Synthetic
2-methyl-3-furanthiol
Sweeteners
Antimicrobials & Antibiotics
Tetracycline
Penicillin
Others
Minerals
Calcium
Potassium
Magnesium
Zinc
Others
Antioxidants
Natural
Rosemary
Spearmint
Mixed tocopherols
Green tea extracts
Clove
Oregano
Thyme
Others
Synthetic
Bha
Bht
Ethoxyquin
Others (TBHQ, Propyl gallate, etc.)
Pet Food Ingredient Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
North America
U.S.
Canada
Mexico
Europe
Western Europe
Germany
U.K.
France
Eastern Europe
Russia
Asia Pacific
China
Japan
Thailand
Australia
South Korea
Taiwan
Central America
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Turkey
Morocco
Saudi Arabia
South Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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