Description
Impact of COVID-19 on Animal and Pet Nutrition Ingredients Market: Segmented by source (Animal-based, Plant-based, and Synthetic); by pet (Dog, Cat, and Fish); , And Region – Global Analysis Of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031
[ 176 + Pages Research Report ] Impact of COVID-19 on Animal and Pet Nutrition Ingredients Market to surpass USD 68.1 billion by 2031 from USD 38.3 billion in 2021 at a CAGR of 6.8% in the coming years, i.e., 2021-31.
Product Overview
Pet food is a type of plant or animal product, such as meat, that is used to feed pets. Fruits and vegetables, animal products and derivatives, grains and oilseeds, vitamins, and minerals are all included in pet food ingredients. Calcium, fiber, protein, carbs, and other micronutrients abound in pet food ingredients. Grains and vegetables are commonly used, especially in dog food. Each element contributes to the enrichment of the animal’s health in some way.
Market Highlights
Global Animal and Pet Nutrition Ingredients market is expected to project a notable CAGR of 6.8% in 2031.
Global Animal and Pet Nutrition Ingredients to surpass USD 68.1 billion by 2031 from USD 38.3 billion in 2021 at a CAGR of 6.8% in the coming years, i.e., 2021-31. The widespread accessibility of pet food items across a variety of platforms, such as retail stores, supermarkets, and online retailers, will help the market grow even faster. Furthermore, dogs and cats are among the most commonly adopted animals, which is one of the major factors driving market developments. The growing trend of pet parenting is feeding market demand for high-quality and premium foods; as a result, demand for phosphate is rising as it is heavily consolidated in pet food due to its numerous health benefits, including assisting in the healthy skeletal formation, nerve impulse transmission, muscle contraction, and others. The Pet Food Ingredient Market has seen an increase in demand as a result of this.
Global Animal and Pet Nutrition Ingredients: Segments
Dogs segment to grow with the highest CAGR during 2021-31
Global Animal and Pet Nutrition Ingredients Market is fragmented by pet into Dog, Cat, and Fish. Dogs are the most commonly adopted pets, and important competitors are concentrating their efforts on providing pet food for them in order to capture a significant portion of the pet food ingredients market. The United States has the biggest number of registered pet dogs, believed to be around 73 million. Because pet dogs are not required to be registered in Asia, population statistics are questionable. Pet dogs, on the other hand, are projected to number roughly 110 million in China and 32 million in India.
An animal-based segment to grow with the highest CAGR during 2021-31
Global Animal and Pet Nutrition Ingredients market is segmented by source into Animal-based, Plant-based, and Synthetic. Meat and meat products, lipids, proteins and amino acids, and others, which include flavoring compounds and antioxidants, are the different categories of animal-based substances. Meat and meat by-products make up the majority of animal-based nutrients, providing important protein, fatty acids, iron, and vitamins. Meat improves the palatability of pet food and, as a result, improves pet digestion. Fish bones provide calcium and phosphorus, thus they’re included in pet food. As a high source of vitamin A and D, as well as omega-3, pet food makers are focusing on employing fish as animal derivatives. Omega-3 fatty acids have a variety of health benefits for pets, including boosting hair and skin health, regulating the immune system, improving cognitive function in senior canines, and decreasing blood pressure.
Market Dynamics
Drivers
Easy availability
The widespread accessibility of pet food items across a variety of platforms, such as retail stores, supermarkets, and online retailers, will help the market grow even faster. Furthermore, dogs and cats are among the most commonly adopted animals, which is one of the major factors driving market developments. The growing trend of pet parenting is feeding market demand for high-quality and premium foods; as a result, demand for phosphate is rising as it is heavily consolidated in pet food due to its numerous health benefits, including assisting in the healthy skeletal formation, nerve impulse transmission, muscle contraction, and others. The Pet Food Ingredient Market has seen an increase in demand as a result of this.
Use of cannabis
As laws have become less stringent, the usage of cannabis in pet food treats has grown in favor. Concentrates, isolates, and synthetic cannabis-based pet food are all available. Anxiety-relieving cannabis-based food products are the most effective at reducing anxiety. CBD is also being considered by pet owners as a possible treatment for pain and allergies. The recent Global Pet Expo in Orlando included a lot of cannabis-based goods. The majority of cannabis-based pet food is sold online (via Amazon). Cannabis-based pet products have been selected as one of 2021’s growth opportunities by pet entrepreneurs.
Restraint
Non-uniform regulation
Animal food must be safe to eat and made in hygienic circumstances, according to the Federal Food, Drug, and Cosmetic Act of 1938 (FFDCA). The foods must not include any dangerous ingredients and should be labeled as accurately as possible. The Food Safety Modernization Act of 2010 (FSMA) established requirements for pet food makers in the United States on certification, sterilization, hygiene, and ingredient labeling. In comparison to the Asia Pacific and South American regions, government monitoring agencies in Europe and North America have tight restrictions for the animal feed business. Preservatives, ethoxyquin, and food coloring are all regulated differently in different nations when it comes to pet food components.
Global Animal and Pet Nutrition Ingredients: Key Players
Cargill, Incorporated (US)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Archer Daniels Midland Company (US)
BASF SE (Germany)
DowDuPont Inc. (US)
Darling Ingredients (US)
Omega Protein Corporation (US)
CHR. Hansen (Denmark)
Roquette Frères (France)
Sunopta (Germany)
Lallemand (Canada)
SARIA Group (Germany)
Other Prominent Players
Global Animal and Pet Nutrition Ingredients: Regions
Global Animal and Pet Nutrition Ingredients market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. With a revenue market share of more than one third, Asia Pacific emerged as the largest regional market in 2021. The key driving factors for increasing consumer spending on companion animal care were the region’s growing population, rising disposable income, and growing humanization tendency. Because of rising customer preferences for natural products, the market is changing from mass market to premium products.
In 2021, North America, led by the United States, Canada, and Mexico, was the third largest regional market. Due to the presence of a well-developed pet food sector as well as a large ownership proportion of dogs, cats, horses, and other animals, the United States emerged as the leading market in North America.
Impact of Covid-19 on Animal and Pet Nutrition Ingredients Market
Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, DuPont, and Ingredion Incorporated are among the key Tier I and II providers in the global market. These vendors have manufacturing sites distributed across the Asia Pacific, Europe, North America, South America, and the rest of the world. COVID-19 has also had an influence on their enterprises. Despite the fact that the pandemic has had an impact on their businesses, there has been no significant impact on their global operations and supply chain for pet food ingredients. Several player manufacturing plants are still operational.
Global Animal and Pet Nutrition Ingredients are further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
the Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Animal and Pet Nutrition Ingredients report also contain analysis on:
Animal and Pet Nutrition Ingredients Segments:
By source
Animal-based
Plant-based
Synthetic
By pet
Dog
Cat
Fish
Animal and Pet Nutrition Ingredients Dynamics
Animal and Pet Nutrition Ingredients Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Animal and Pet Nutrition Ingredients Market Report Scope and Segmentation
Report Attribute Details
The market size value in 2021 USD 1.43 billion
The revenue forecast in 2031 USD 2.2billion
Growth Rate CAGR of 13.8% from 2021 to 2031
The base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, pet, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled DuPont Nutrition & Health, FoodSafe Technologies, Diana Pet Food, AFB International, Lallemand, Inc., American Dehydrated Foods, Inc., Kemin Industries, and Other Prominent Players
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