Pet food ingredients have diverse applications, features, and uses in the formulation of pet food products. These ingredients serve multiple purposes, including providing essential nutrients, enhancing palatability, improving digestion, and supporting overall health. High-quality proteins like chicken or fish serve as the primary animal-based protein source. Additionally, vitamins and minerals are added to meet nutritional requirements. Functional ingredients like prebiotics, probiotics, and omega-3 fatty acids promote digestive health, immune support, and a shiny coat. Moreover, natural flavors and antioxidants are used to enhance taste and prolong shelf life.
According to Data Bridge Market Research, the Europe Pet Food Ingredients Market accounted for USD 35.81 billion in 2021 and is expected to reach USD 63.72 billion by 2029. The market is expected to grow with a CAGR of 7.47% in the forecast period of 2022 to 2029.
“Rising pet population and increased expenditure on pets boost the market’s growth”
The Europe pet food ingredients market is experiencing significant growth due to the rising pet population and increased expenditure on pets. The growing number of pets and the willingness of pet owners to provide high-quality food products drive the demand for pet food ingredients. As pet owners become more aware of their pet’s nutritional needs and well-being, they are willing to invest in premium and specialty pet food. This trend fuels the growth of the Europe pet food ingredients market as manufacturers strive to meet pet owners' diverse preferences and demands.
What restraints the growth of the Europe pet food ingredients market?
“Lack of standardized procedures in the industry restraints the market’s growth”
The lack of standardized procedures in the industry constrains the growth of the Europe pet food ingredients market. The absence of consistent regulations and guidelines for pet food ingredient manufacturing and labelling creates challenges for market players. This lack of standardization leads to uncertainty among consumers regarding the quality and safety of pet food ingredients. It also hinders market expansion and innovation, as manufacturers face difficulties in ensuring compliance and meeting varying regional requirements. Addressing this issue through harmonized regulations and industry-wide standards could unlock the full potential of the Europe pet food ingredients market.
Segmentation: Europe Pet Food Ingredients Market
The Europe pet food ingredients market is segmented on the basis of ingredient type, form, product type, animal, source, and nature.
- On the basis of ingredient type, the pet food ingredients market has been segmented into meat and meat products, cereals, vegetable and fruits, fats, additives.
- On the basis of form, the pet food ingredients market has been segmented into dry, liquid.
- On the basis of product type, the pet food ingredients market has been segmented into original, blended.
- On the basis of animal, the pet food ingredients market has been segmented into dog, cat, fish, bird, rabbit, others.
- On the basis of source, the pet food ingredients market has been segmented into animal based, plant-derivatives, synthetic.
- On the basis of nature, the pet food ingredients market has been segmented into organic, inorganic.
Regional Insights: France dominates the Europe pet food ingredients market
France dominates the pet food ingredients market due to the rising adoption of pets and increased demands for pet food within the region. As more people embrace pet ownership, the demand for pet food and meals is also on the rise. Pet owners are increasingly seeking high-quality, nutritious, and specialized food options, driving the growth of the pet food market in Europe.
Germany is expected to grow from 2022 to 2029 due to the rising prevalence of manufacturers in the region. Europe is home to numerous established pet food manufacturers known for their quality products. The presence of these manufacturers provides a wide range of options for pet owners, including specialized and premium pet food offerings.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/europe-pet-food-ingredients-market
Recent developments
- In 2022, BASF SE has unveiled its intention to expand its vitamin A formulation plant, aimed at bolstering animal nutrition. Through this expansion, the company aims to strengthen its position as one of the key players in the market.
- In 2022, Cargill has introduced a new line of by-product meals designed specifically for domestic animals. This range includes a variety of animal treats, such as wind pipes, bones, ribs, jerkies, and more. The launch of these products by Cargill aims to cater to the needs of pet owners looking for high-quality and diverse treats for their beloved animals.
The Prominent Key Players Operating in the Europe Pet Food Ingredients Market Include:
- ADM (U.S.)
- DuPont (U.S.)
- Barentz (Netherlands)
- The Peterson Company (U.S.)
- BASF SE (Germany)
- DSM (Netherlands)
- Ingredion. (U.S.)
- Cargill, Incorporated. (U.S.)
- Kerry Group plc. (Ireland)
- The Scoular Company (U.S.)
- Balchem Inc. (U.S.)
- Roquette Frères (France)
- Darling Ingredients (U.S.)
- Omega Protein (U.S.)
- Tate & Lyle (U.K.)
- Chr. Hansen Holding A/S (Denmark)
- American Dehydrated Foods (ADF®) (U.S.)
- APS Phoenix LLC (U.S.)
- BIORIGIN APS (U.S.)
- LaBudde Group Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Europe pet food ingredients market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Pet Food Ingredients Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
