North America Pet Food Flavors and Ingredients Market, By Product Type (Flavors and Palatability Enhancer, Mold Inhibitors, Antimicrobials, Pellet Binder, Enzymes, Amino Acid, Feed Acidifiers, Probiotics, Vitamins, Nitrogen, Phytogenic, Carotenoids, Trace Minerals, Antioxidants, Mycotoxin Binders, Cocolorants, Preservatives, and others), Pet Food Type (Dog Food, Cat Food, Aqua Pets Food, Birds Food, and Others), Source (Animal Based, Plant Based, Yeast, and Others), Form (Dry and Liquid), Functionality (Preservation, Processing, Nutrition, and Others), Category (Organic and Conventional), Distribution Channel (Direct and Indirect) Industry Trends and Forecast to 2030.
North America Pet Food Flavors and Ingredients Market Analysis and Insights
The cost of owning pets and purchasing pet food has increased significantly in recent years, which is a major driver of the North America pet food flavors and ingredients market. As pet owners spend more money on different types of pet food, the North America pet food market has also grown with the increase in the number of pets. Some of the major drivers of the market are the growing adoption of dogs and cats and the growing emphasis on improving productivity and health. Due to affordability and availability, the safest pet foods are currently made with synthetic substances. In addition, overall demand has been boosted by a marked shift in consumer demand for grain-free and vegan pet foods. The industry is expected to continue to grow as pet food is readily available on multiple platforms, including retail stores, supermarkets, and online stores.
Data Bridge Market Research analyzes that the North America pet food flavors and ingredients market is expected to reach the value of USD 20,619.87 million by 2030, at a CAGR of 10.2% during the forecast period. Product type accounts for the largest type segment in the market due to increase in pet adoption and rising high quality of pet foods for pet North America. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customisable to 2020-2016) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
By Product Type (Flavors and Palatability Enhancer, Mold Inhibitors, Antimicrobials, Pellet Binder, Enzymes, Amino Acid, Feed Acidifiers, Probiotics, Vitamins, Nitrogen, Phytogenic, Carotenoids, Trace Minerals, Antioxidants, Mycotoxin Binders, Cocolorants, Preservatives, and others), Pet Food Type (Dog Food, Cat Food, Aqua Pets Food, Birds Food, and Others), Source (Animal Based, Plant Based, Yeast, and Others), Form (Dry and Liquid), Functionality (Preservation, Processing, Nutrition, and Others), Category (Organic and Conventional), Distribution Channel (Direct and Indirect). |
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Countries Covered |
U.S., Canada and Mexico |
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Market Players Covered |
Glanbia PLC, Ingredion, Barentz, Kerry Group plc., Cargill, Incorporated, ADM, BASF SE, International Flavors & Fragrances Inc., DSM, Symrise, Kemin Industries, Inc. and its group of companies, Chr. Hansen Holding A/S, Lallemand Inc., The Scoular Company, Roquette Frères, Balchem Inc., Wysong, The Peterson Company, and Omega Protein Corporation among others. |
Market Definition
Pet food is special food for domestic animals or food designed to meet their nutritional needs. Pet food is a plant or animal product, such as meat, that is used to feed pets. Fruits and vegetables, animal products, grains and oilseeds, vitamins, and minerals are all included in pet food. Pet food ingredients are high in vitamins, fiber, protein, carbohydrates, and calcium. Grains and vegetables are usually used especially for dog food. Each component is crucial to enrich the animal's body. The protein content of meat is generally considered high, and it also adds flavor to food. Many ingredients, such as meat, poultry, and grains, are believed to be safe and do not require premarket approval. Omega-3 and omega-6 fatty acids are also produced, which are essential for animal metabolism and digestion. Pet food manufacturers use different ingredients to balance pet nutrition. In addition to acting as preservatives, conditioners, emulsifiers, stabilizers, and color or flavor substitutes, they are also used in pet food.
North America Pet Food Flavors and Ingredients Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Surge in pet adoption rate with the growing popularity of premium pet foods across the globe
The North America pet food flavor ingredients market is poised to show strong growth due to increased adoption of pets, rising expenditure on pet care, increasing demand for insect-based pet food, and a booming pet food market. The pet industry has grown exponentially in recent years. According to the American Pet Products Association, about 85 million households have a pet, and pet ownership has increased from 56 percent to 68 percent over the past 30 years. The introduction of technology and online shopping has contributed to some of the changes in pet ownership. Due to the effects of COVID-19, many people have been forced to stay at home for long periods, either due to shelter-in-place orders or due to work-from-home advice. Soon after, the amount of time spent at home increased, and adoptions and fosters were registered at pet shelters. Since the outbreak of the COVID-19 pandemic, the number of pets around the world has increased significantly. Also, emerging pet food ingredients market trends, such as the increasing popularity of premium foods across the country, are driving the growth of the pet food flavors and ingredients market, and this trend is expected to continue during the forecast period.
Thus, the surge in pet adoption rate and the growing popularity of premium pet foods around the globe are expected to act as an opportunity for the market's growth.
- Increasing demand for customized pet foods from pet owners
Pet owners are adopting the mindset that personalization is right, not a privilege, and the ability for pet owners to have input in what they buy has impacted the pet food industry. Pet owners are now willing to pay more for customized pet food products that satisfy their pet's particular dietary needs. When generational differences among pet owners are considered, young pet owners are expected to pay more for customized treats/pet foods than older pet owners. This shows that the trend toward customization is expected to continue to grow as younger shoppers start their pet parenting journey and gain more buying power.
Thus, increasing demand for customized pet foods from pet owners is expected to act as a driving factor for market growth.
Restraint
- Stringent mandates for pet food manufacturers
Pet food manufacturers, government agencies, and veterinarians play vital roles in ensuring the safety of pet food and safeguarding pets and their owners. It behooves veterinary practitioners to be aware of recent federal legislation affecting pet food safety, the role of the manufacturer in producing safe foods, and their own role in identifying potential pet food–related illnesses, reporting suspected cases and educating pet owners about pet food safety. Since pet food requires extreme safety in production, several associations and governments have set strict standards that manufacturers must adhere to, especially in Western countries. Strict oversight of pet food, from ingredients to production and sales to distribution, market rigidity may prevent large companies from investing in the sector and hamper the growth of the North America pet food flavors and ingredients market in the coming years.
Thus, stringent mandates for pet food manufacturers are expected to act as a restraining factor for the market's growth.
Opportunity
- Increasing demand for cannabidiol (CBD) pet food
A safe and well-processed cannabinoid derived from hemp, CBD pet supplements support pet health by working with their endocannabinoid systems. Some of the main reasons many pet owners turn to CBD pet food are that it supports healthy joints, helps promote cardiovascular function, and prevents the spread of heartworms. In 2020, U.S. pet sales were nearly USD 800 million, and consumers are willing to pay more for pet health services. CBD pet supplements offer a number of claims, including wheat, corn, and soy free, which means they are all-natural and contribute to market growth.
Moreover, growing consumer awareness of nutritional advantages associated with hemp derivatives and increasing production of industrial hemp have directed the growth of the market for hemp derivatives. CBD foods are expected to last longer than traditional pet foods.
Thus, increasing demand for cannabidiol pet food is expected to act as an opportunity for market growth.
Challenge
- Increasing competition in the pet food flavors and ingredients market
The companies within the industry are expected to grow even more in the future, which will create high competition in the pet food flavors and ingredients market. New market players are coming up with innovative marketing strategies, such as offering products at lower costs and using innovative ingredients, which is a challenging factor for the tier-1 and tier-2 players. Competition among companies exists when they produce and market similar services and products aimed at the same consumer group. This is becoming a challenging factor for companies to gain significant market share. Big giants in the pet food flavors and ingredients market, such as ADM, Koninklijke DSM N.V., and DuPont among others, have extensive distribution networks, strong North America footprint, and strong R&D, which poses a problem for small players to compete with these players. A large number of players in Europe's pet food industry increases the completion in the pet food flavors and ingredients market.
Thus, increasing competition in the pet food flavors and ingredients market is expected to act as a challenge for market growth.
Post-COVID-19 Impact on North America Pet Food Flavors and Ingredients Market
The COVID-19 pandemic has had a somewhat positive impact on the pet food flavors and ingredients market. Since the outbreak of the COVID-19 pandemic, the number of pets adopted across the globe. has increased at a significant pace. This rise in the adoption of pets is acting as a catalyst for the market's growth.
Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple R&D activities and product launches, and strategic partnerships to improve the technology and test results involved in the pet food flavors and ingredients market.
Recent Developments
- In January 2022, Kerry Group Plc, the world's leading taste and nutrition company, officially opened a new 21,500-square-foot state-of-the-art facility at its Jeddah operation in the Kingdom of Saudi Arabia. The company has invested over EUR 80 million in the region over the past four years and this new facility, which is Kerry's largest in the Middle East, North Africa and Turkey (MENAT) region, is one of the most modern and efficient in the world and will produce great tasting, nutritious and sustainable food ingredients which will be distributed across the Middle East. This has helped the company to grow.
- In November 2022, ADM unveiled its third annual outlook on the North America consumer trends that will shape the food, beverage and animal nutrition industries and drive market growth in the years ahead. Dissecting the intersection of health and well-being, sustainability and food security, ADM has identified eight spaces that detail consumers' evolving behaviors, attitudes, and aspirations. The eight areas serve as anchor points to inspire innovation, ushering in a new wave of products and services for 2023. This has helped the company to grow its product portfolio.
North America Pet Food Flavors and Ingredients Market Scope
North America pet food flavors and ingredients market is segmented into product type, pet food type, source, form, functionality, category, and distribution channel. 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.
BY PRODUCT TYPE
- Flavors and palatability enhancer
- Mold inhibitors
- Antimicrobials
- Pellet binder
- Enzymes
- Amino acid
- Feed acidifiers
- Probiotics
- Vitamins
- Nitrogen
- Phytogenic
- Carotenoids
- Trace minerals
- Antioxidants
- Mycotoxin binders
- Cocolorants
- Preservatives
- Others
On the basis of product type, the North America pet food flavors and ingredients market is segmented into flavors and palatability enhancer, mold inhibitors, antimicrobials, pellet binder, enzymes, amino acid, feed acidifiers, probiotics, vitamins, nitrogen, phytogenic, carotenoids, trace minerals, antioxidants, mycotoxin binders, Cocolorants, preservatives, and others.
BY PET FOOD TYPE
- Dog food
- Cat food
- Aqua pet food
- Birds food
- Others
On the basis of pet food type, the North America pet food flavors and ingredients market is segmented into dog food, cat food, aqua pet food, birds food, and others.
BY SOURCE
- Animal based
- Plant based
- Yeast
- Others
On the basis of source, the North America pet food flavors and ingredients market is segmented into animal based, plant based, yeast, and others.
BY FORM
- Dry
- Liquid
On the basis of form, the North America pet food flavors and ingredients market is segmented into dry and liquid.
BY FUNCTIONALITY
- Preservation
- Processing
- Nutrition
- Others
On the basis of functionality, the North America pet food flavors and ingredients market is segmented into preservation, processing, nutrition, and others.
BY CATEGORY
- Organic
- Conventional
On the basis of category, the North America pet food flavors and ingredients market is segmented into organic and conventional.
BY DISTRIBUTION CHANNEL
- Direct
- Indirect
On the basis of distribution channel, the North America pet food flavors and ingredients market is segmented into direct and indirect.
North America Pet Food Flavors and Ingredients Market Regional Analysis/Insights
The North America pet food flavors and ingredients market is analyzed, and market size information is provided by product type, pet food type, source, form, functionality, category, and distribution channel.
The countries covered in this market report U.S., Canada, and Mexico.
- In 2023, the U.S. is expected to dominate the North America pet food flavors and ingredients market due to the strong presence of key players such as Kerry Group plc, Cargill, Incorporated, ADM, BASF SE and others.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Pet Food Flavors and Ingredients Market Share Analysis
North America pet food flavors and ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus on the North America pet food flavors and ingredients market.
Some of the major players operating in the North America pet food flavors and ingredients market are Glanbia PLC, Ingredion, Barentz, Kerry Group plc., Cargill, Incorporated, ADM, BASF SE, International Flavors & Fragrances Inc., DSM, Symrise, Kemin Industries, Inc. and its group of companies, Chr. Hansen Holding A/S, Lallemand Inc., The Scoular Company, Roquette Frères, Balchem Inc., Wysong, The Peterson Company, and Omega Protein Corporation among others.
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