Ingredion Incorporated, ADM and Cargill, Incorporated are Dominating in the North America Pet Food Ingredients Market in 2019

North America Pet Food Ingredients Market is expected to grow with the CAGR of 6.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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North America pet food ingredients market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments in expanding their production facility for manufacturing of different types of pet food ingredients, various acquisitions and partnership to enter in specific market have led the manufacturers to established their foot prints.

The major players dealing in North America pet food ingredients market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in July 2020, ADM launched new animal nutrition product named as NutriPass L Encapsulated Lysine which is rumen-stable and intestinally available for cows. The product offers a stable and consistent supply of metabolizable lysine for lactating cows and growing cattle. This new product launch by ADM increased its product portfolio in pet food segment thereby increased demand for its products in the market leading to increased revenue in future.

Ingredion Incorporated is the dominating player in the North America pet food ingredients market. The other key players existing in the pet food ingredients market includes ADM, DuPont, Barentz, The Peterson Company, BASF SE, DSM, Cargill, Incorporated, Kerry Inc., The Scoular Company, Tate & Lyle, Balchem Inc., Roquette Frères, Darling Ingredients Inc, Omega Protein Corporation among others.

North America Pet Food Ingredients MarketIngredion Incorporated:

Ingredion Incorporated is headquartered in the Illinois, U.S. which was founded in 1906. The company focuses on providing ingredients which are used in beverages, foods, pharmaceuticals, personal care items, and other products that people across the world use every day. The company provides its products under various categories such as animal and pet nutrition, bakery, batters and breadings, beverage/soft drinks, biomaterials, beauty and home, brewing and alcoholic, beverages, confectionery, dairy, plant-based dairy, infant and clinical nutrition, noodles/pasta, savory, meats, plant-based meat, and snacks and private label. The market focused category is animal and pet nutrition. The company takes various strategic decisions in order to enhance their business.

For instance,

  • In August 2019, Ingredion Incorporated announced to expand its production and manufacturing capability of plant-based proteins. For this, the company has started to build new manufacturing facility to manufacture specialty pulse-based protein ingredients. The new facility is expected to be operational by the second half of 2020. This expansion has helped the company to meet the increasing consumer demand for plant-based proteins.

The company has wide global presence across North America, South America, Europe, Middle East and Africa and Asia-Pacific. The company distributes its products through its subsidiaries and they are Arrendadora Gefemesa, S.A. de C.V. (Mexico), Bedford Construction Company (New Jesrsey), Brunob II B.V. (The Netherlands), Cali Investment LLC (U.S.), and Colombia Millers Ltd (Delaware) among others.

ADM:

ADM is headquartered in the Illinois, U.S. and was founded in 1902. The company focuses on becoming a leader in animal and human nutrition and also world’s premier agricultural processing and origination company. The company deals in various business segments and they are Ag services and oilseeds, carbohydrate solutions, nutrition and others among which the market focused segment is nutrition. The company provides its products under various categories such as food and beverage solutions, animal nutrition, fuel, industrials, logistics, farmer services, SparkHub and financial services. The market focused category is animal nutrition. The company takes various strategic decisions in order to enhance their business.

For instance,

  • In April 2018, ADM launched versatile yeast protein under animal nutrition segment for cats and dogs at 2018 Pet Food Forum. The product is called Versity which is highly palatable dried yeast (saccharomyces cerevisiae) alternative to conventional animal and plant proteins that offered a balanced profile of essential amino acids with low amount of calcium and fat. This product launch has strengthened the company’s position in the animal nutrition market.

The company has wide global presence such as Africa, Asia-Pacific, North America, South America and Europe. The company offers its products through its subsidiaries around the world and they are ADM (Shanghai) Management Co. LTD, ADM (Thailand) Ltd, ADM Ag Holdings Ltd - WIL - Singapore (Singapore), ADM Agriculture Limited (UK), ADM Agri-Industries Company (Canada), ADM Agro Iberica S. L. U (Spain), ADM Agro Indust Latur and Vizag Pvt Ltd (India) and ADM Agro Industries India Private limited-India (India) among others.

Cargill, Incorporated:

Cargill, Incorporated is headquartered in the Minnesota, United States and founded in 1865. The company focuses on processing wide range of agricultural commodities into the feed, food and fuel that world requires and transports it to the various places of consumption. The company offers its products under categories such as animal nutrition, food & beverage, bioindustrial, foodservice, agriculture, risk management, meat & poultry, industrial, beauty, pharmaceutical, and transportation. The market focused category is animal nutrition. To enhance its business as well as revenue, the company takes various strategic decisions.

For instance,

  • In January 2018, Cargill, Incorporated acquired pro-pet based in the U.S. which is a manufacturer of private label and co-manufactured pet foods including premium dog food brand Black Gold. This acquisition has helped the company to strengthen pet food production and distribution capabilities in the North America market.

The company has its strong present across the globe such as Africa, Asia-Pacific, Europe, Latin America, Middle East and North America. The company distributes its products through its subsidiaries and they are NatureWorks (U.S.), Cargill Meat Solutions (U.S.), Cargill Ltd (Canada), Bucanero chickens S.A. (Colombia) and Cargill AgHorizons, Inc. (U.S.) among others.