Market Research Future (Food and Beverages) Pet Food Ingredients Market Research | Page 3

Pet Food Ingredients Market Research Report – Forecast to 2023
2 Market Overview
Global pet food ingredients market is expected to grow significantly during the forecast period, owing to the rising
concern of pet owners towards animal health. Pet food constitutes protein, carbohydrates, vitamins, minerals, fats,
and preservatives. All the nutritional values in pet food are derived from animals, plants, and synthetic sources. Every
ingredient plays a vital role in providing nutrition to the animal body. In the US, all combinations of ingredients in pet
food is regulated by the US Food and Drug Administration (FDA) to ensure the safety and health of pets.
The ingredients in pet food are of high quality with required nutrition values that can be digested and consumed by
pets. Feeding fillers serve no purpose to the pets and affect their digestive system. Demand for pet food ingredients
is increasing since feeding pet food made with quality ingredients lead to healthier pets with fewer allergies and a
longer life span of pets. The pet food ingredients producers are researching further to add the same functional
ingredients that appear in human food such as turmeric, coconut in various forms, and honey.
Regional Analysis:
Geographically, North America dominates the pet food ingredients market owing to the rising health concern of pet
owners towards their pets. Increasing living standards and pet humanization in the US and Canada has led to the
high adoption of pets, which has been a key driver for the pet food ingredients market. Europe holds a steady market
share in pet food ingredients owing to rising pet humanization and increasing awareness of pet food through internet
and other media.
Asia-Pacific is witnessed to be the fastest growing market for pet food ingredients owing to rise in spending power
of the pet owners who are spending more on their pet nutrition thereby giving a boost to the pet food ingredients
market in this region. Japan accounts for the largest market for pet food ingredients. Local players offer pet food
ingredients at the lowest prices in developing countries, thereby, creating more demand for pet food ingredients in
this region.
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