Global Pet Food Additives Market, By Additive (Mold Inhibitors, Antimicrobials, Pellet Binders, Grain Conditioners, Toxin Binders, Acidifiers, Colorants and Others), Functionality (Preservation, Processing and Nutrition), Pet Type (Fish, Dogs, Cats and Others), Application (Pets Canned, Pets Dairy Products, Pets Drink and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Pet Food Additives Market
The pet food additives market is expected to witness market growth at a rate of 7.3% in the forecast period of 2022 to 2029. Data Bridge Market Research report on pet food additives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the growing knowledge regarding minerals, omega-3, carotenoids and fiber in pet nutrition is escalating the growth of pet food additives market.
Additive is referred to as the variation of ingredients that are manufactured to enhance the flavour basic ingredients. These minor ingredients are vital nutrients including minerals and vitamins, colors, flavor’s and some agents to avoid the spoilage and bacterial contamination. Pet food additives are derived from animal source and plants and can be chemically synthesized.
Major factors that are expected to boost the growth of the pet food additives market in the forecast period are the rise in the young generation preference towards compassion for pets and growing concerns for pet health & food safety. Furthermore, the increase in the pet adoption is further anticipated to propel the growth of the pet food additives market. Moreover, the increasing of nuclear families is further estimated to cushion the growth of the pet food additives market. On the other hand, the threats from the other manufactures regarding counterfeit products is further projected to impede the growth of the pet food additives market in the timeline period.
In addition, the growing pet humanization will further provide potential opportunities for the growth of the pet food additives market in the coming years. However, the increasing capital investments for equipment might further challenge the growth of the pet food additives market in the near future.
This pet food additives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pet food additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pet Food Additives Market Scope and Market Size
The pet food additives market is segmented on the basis of additives, functionality, pet type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of additives, the pet food additives market is segmented into mold inhibitors, antimicrobials, pellet binders, grain conditioners, toxin binders, acidifiers, colorants and others.
- On the basis of functionality, the pet food additives market is segmented into preservation, processing and nutrition.
- On the basis of pet type, the pet food additives market is segmented into fish, dogs, cats and others.
- On the basis of application, the pet food additives market is segmented into pet canned, pets dairy products, pet drink and others.
Pet Food Additives Market Country Level Analysis
The pet food additives market is analysed and market size, volume information is provided by country, additives, functionality, pet type and application as referenced above.
The countries covered in the pet food additives market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the pet food additives market due to the rise in the population and the growing disposable income. Furthermore, the increase in the humanization trend and the rising consumer expenditure on the care of companion animals will further boost the growth of the pet food additives market in the region during the forecast period. North America is projected to observe significant amount of growth in the pet food additives market due to the occurrence of well-developed pet food industry. Moreover, the growing population of cats, dogs, and fishes is further anticipated to propel the growth of the pet food additives market in the region in the coming years.
The country section of the pet food additives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pet Food Additives Market Share Analysis
The pet food additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pet food additives market.
Some of the major players operating in the pet food additives market are Altrafine Gums, Balchem inc, Bill Barr & Company, Bentoli, inc, Caldic B.V, Camlin Fine science ltd, Denes Natural Pet care ltd, DSM, Kemin Industries, inc, Trouw Nutrition USA, llc, DuPont, ADM, ADF, Nestlé, SCHELL & KAMPETER, INC., Hill's Pet Nutrition, Inc., WellPet., Blue Buffalo Co., Ltd., heristo aktiengesellschaft and Tiernahrung Deuerer GmbH among others.