Kenneth Research, in its repository of market research reports, have recently added a report on Pet Food Ingredients Industry Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
Global Pet Food Ingredients Industry was valued at USD 31.10 Billion in the year 2017. The humanization of the pet food has increased usage of fruits & vegetables in form of blended premixes. Further addition of natural colors along with nutraceuticals health ingredients has also bought process & equipment challenges for the manufacturers.
Global Pet Food Ingredients Industry is estimated to grow at a CAGR of 3.10% from 2018 to 2025 to reach USD 39.7 Billion by the year 2025. North America region holds the highest Industry share in 2017. Whereas Asia Pacific region is considered as the fastest growing Industry in the predicted period. The U.S. is the major Industry in 2017 at country level analysis.
The major players in Pet Food Ingredients Industry are Mars Inc., Colgate-Palmolive Co., Uni-Charm Corp., Nestle SA, Total Alimentos SA, Procter & Gamble Co, Wellpet LLC, Blue Buffalo Co. Ltd, Big Heart Pet Brands, Diamond Pet Food Inc. and more 13 companies information is provided in research report.
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SWOT Analysis of Pet Food Ingredients Industry
Strength
Surging pet population & rising cases of pet adoption
Rising pet’s health and safety concern such as nutritional requirement, & energy production
Weakness
Difficult to stabilize the pet foods naturally without using any synthetic chemicals (e.g. sorbic acid).
Delivery of Probiotics is a pending issue for pet foods. The lactic acid bacteria quickly die off on the outside of dry pet food, because of its high water activity.
Opportunity
New protein sources for pet foods such as algae meal, insect meal as well fish proteins from the human food industry pose a strong opportunity.
Usage of vegetable proteins have helped in meeting pet food nutritional demand
Threats
Government regulations such as the introduction of the Food Modernization Safety Act Threats from substitute products.
The global pet food industry is segmented based on pet type, food type, and geography. The dog segment holds the highest Industry share among all other types in pet type segment, in 2017 and is expected to grow at the highest CAGR during the year 2018-2025. The reason being the adoption of dogs is comparatively higher than other pets globally.
By-Products
- Dry food
- Wet/Canned food
- Snacks/Treats
- Nutritious Food
- Others
By Application
- Dog
- Cat
- Others
By Region
North America
? USA
? Canada
Europe
? Germany
? U.K.
? France
? Italy
? Rest of Europe
APAC
? China
? India
? Japan
? Rest of Asia-Pacific
RoW (Rest of World)
? Latin America
? Middle East & Africa
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