Table of Contents
•In 2014, the global revenue of the pet food ingredients market was found to be $ x million and is expected to reach x million by the year 2021, with a CAGR of x % from 2014 to 2021.
•The market is expected to be driven mainly by the growth of specialty ingredients and emerging opportunities in the Asia-Pacific region. Also, the quest to improve the efficiency through innovation is expected to continue.
•The strong growth of the pet food ingredients market is mainly attributed to increased pet ownership. Moreover, pet owners are well aware of the efficacy of retail products. Therefore, products with enhanced claims will boost growth.
•Consumers are becoming more environment and pet health conscious, and products with “all natural” claims are perceived to be more efficacious. Because of this, continued growth is expected from the natural specialty ingredients. Fast growth of retail products boosts future market potential.
Research Scope and Methodology
•This research service provides strategic insights of the global pet food ingredients market.
•The base year for this market insight is 2014, with a market study period of 2011 to 2021.
•The study includes analysis of vitamins, trace minerals, amino acids, fatty acids, proteins, and other shelf stable ingredients used in formulating pet foods.
•The study discusses the addressable pet foods ingredients market in terms of market size, market dynamics, regulatory aspect, and segmentation by product types.
•The geographic scope of the study is global.
•All price and revenue statistics are represented in US dollars.
Pet Food Ingredients
•Different types of ingredients are used in formulating a pet food. They include vitamins, minerals, amino acids, sensory and textural ingredients, and shelf stability ingredients like antimicrobials.
•Vitamin B complex is the predominantly used vitamin in pet food ingredients, as it helps in overall growth and development of the animals. Vitamin A is used for proper night vision for animals. Vitamin D helps in calcium absorption and preventing bone disorders. Vitamin E protects the animals from heart diseases, cancers, and is key for normal growth.
•Iron, magnesium, potassium, and calcium are essential minerals used in pet foods. They help in maintaining blood pressure, bone health, and metabolic balance.
•The essential amino acids for dogs are arginine, phenylalanine, histidine, methionine, threonine, leucine, isoleucine, valine, lysine, and tryptophan. Taurine is a key amino acid important for feline health.
Pet Animals Trends
Key Takeaway: The companion animal market has changed significantly in the past five years, with pets being considered as members of the family. This has led to more spending on pet foods.
•The number of pet owning households has significantly increased in the recent years. The bond between companion animal and people is continuing to strengthen, as a result, they are willing to spend more money on pets.
•This trend has increased the demand for pet foods that contribute significantly to the look, health, and well-being of the animal.
•North America and Europe are the leaders in global companion animal market. China, India, and Japan are the emerging countries with exponential pet industry growth.
Key Takeaway: Pet animals are expected to grow at an average annual growth rate of x % from 2012 to 2017. The aging population also acts as a driving factor for companion animals growth, as these animals are considered critical for the well-being of owners.
•Companion animal ownership is steadily increasing. It is estimated that x % of US households own a companion animal. Trend similar to United States is also emerging in India, Brazil, and China.
•Spending on pets has increased in the recent years due to increased disposable income, companionship provided by pets, and the associated health benefits of owning a pet.
•According to American Pet Product Association (APPA), companion animal spending has increased from a total of $ x million in 1988 to $ x million in 2012. This trend is mirrored in other global markets
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