Global Pet Food Preservatives Market, By Animal Type (Dogs, Cats, Fish, Other), Preservative Type (Mold Inhibitors, Antimicrobials, Pellet Binders, Grain Conditioners, Toxin Binders, Acidifiers, Colorants, Ethoxyquin, Butylated Hydroxyanisole (BHA), Butylated Hydroxytoluene (BHT), Others), Source (Plant, Animal), Function (Preservation, Processing and Nutrition), 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 2028
The pet food preservatives market is expected to grow at a growth rate of 6.50% in the forecast period 2021 to 2028. The shifting inclination of people towards of keeping pets is the factor for the pet food preservatives market in the forecast period of 2021 to 2028.
Pet food preservatives are used mainly in pet foods to progress the safety, texture, flavor, color, stability, nutritional value and shelf life of pet foods. Pet food preservatives are derivative from plant and animal sources and can also be chemically synthesized.
The major growing factor towards the pet food preservatives market is the increase in pet ownership which has given a thrust to the pet food industry and subsequently spurred the demand for pet food preservatives. The prime factor driving the demand for pet food preservatives is the rapidly rising food conservation demand. Furthermore, with the changing social structure, delayed marriages, small family sizes, and the escalating geriatric population which has led more people to seek companionship in pets, heightened the overall demand for pet food preservatives market over the forecast period of 2021 to 2028. The rising disposable income also drives the market, increase in demand for food products with extended shelf life, and growing health concerns of their pets have encouraged them to decide on for premium pet food products, which is also having a positive impact on the pet food preservatives market growth rate.
However, the threats from the other manufacturers for fake products and high capital investments are projected to act as a restraint towards the growth of the pet food preservatives market. The market is also expected to showcase a significant growth rate in the forecast period as growing dog and cat adoption and the increasing focus on improving productivity and health. Also, the introduction of organic and raw food for pet is also lifting the pet food preservatives market's growth in the above mentioned forecast period.
Likewise, the pet owners seek more than basic pet foods, the use of branded pet foods prepared from enhanced food additives, which facilitate pet growth at every stage of its life which will further generate new opportunities for the pet food preservatives market in the forecast period of 2021 to 2028.
This pet food preservatives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 preservatives 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 Preservatives Market Scope and Market Size
Pet food preservatives market is segmented on the basis of animal type, preservative type, source and function. The growth among segments helps you analyze 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 animal type, the pet food preservatives market is segmented into digs, cats, fish and others
- Based on the preservative type, the pet food preservatives market is segmented into mold inhibitors, antimicrobials, pellet binders, grain conditioners, toxin binders, acidifiers, colorants, ethoxyquin, butylated hydroxyanisole (bha), butylated hydroxytoluene (bht) and others.
- On the basis of source, the pet food preservatives market is segmented into plant and animal.
- On the basis of function, the pet food preservatives market is segmented into preservation and processing and nutrition.
Pet Food Preservatives Market Country Level Analysis
Pet food preservatives market is analyses and market size, volume information is provided by country, animal type, preservative type, source and function as referenced above.
The countries covered in the pet food preservatives market report are 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).
North America leads the pet food preservatives market due to the growth of production plants of leading companies and acquisitions to meet the increasing demand from the pet food industry in this particular region.
The country section of the pet food preservatives 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 Preservatives Market Share Analysis
Pet food preservatives 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 preservatives market.
The major players covered in the pet food preservatives market report are Altrafine Gums, Balchem Inc., Bentoli, Bill Barr & Company., Caldic B.V., PFIAA, Kerry Inc., Cargill, Incorporated, Camlin Fine Sciences Ltd., Denes Natural Pet Care Ltd., DSM, PetCoach, Kemin Industries, Inc., Trouw Nutrition USA, LLC., DuPont, Prinova Group LLC, Akzo Nobel N.V., Tate & Lyle, ADM, ITA FOOD IMPROVERS, and Chr. Hansen Holding A/S, available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.