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

Pet Food Ingredients Market Research Report – Forecast to 2023
2 Market Overview
Pets require essential nutrients such as proteins, vitamins, and minerals to stay strong and healthy. Concern for a
healthier lifestyle, fewer digestive disorders, high energy level, healthy weight, and longer lifespan in pets are few of
the key drivers boosting the growth of pet food ingredients market. The ingredients used in pet food are available in
raw form, and the further processing is done by the pet food processors.
The pet food ingredients market has been segmented by ingredients into meat & meat products, cereals, vegetables,
fats, and additives. Meat & meat products segment generate the most revenue in the market owing to the enhanced
palatability and acceptability of meat-based pet food. Meat is a good source of vitamins, glucosamine, chondroitin,
and protein, among others, that help in brain development, bone health, and immune system of pets. Pet food
ingredients market is segmented by pet into dog, cat, fish, and others. The dog segment is generating the maximum
revenue in the market, owing to the rising adoption of different breeds of dogs worldwide. Dogs need extra nutritional
values than other pets in terms of health and performance thereby boosting the growth of dog food ingredients
market.
Regional Analysis:
Geographically, North America is witnessed to hold the maximum share in the global pet food ingredients market
owing to the rising demand for healthier pet diet. With increasing pet humanization, health concern among pet owners
for pets have also increased in this region. Europe contributes a healthy revenue share towards global pet food
ingredients market owing to the rising pet adoption. Majority of the households in this region own at least one pet
and consider every possible measure to take care of these pets.
Asia-Pacific is expected to be the fastest growing market for pet food ingredients owing to the increasing adoption
of pets that mainly include cats. Pet Fair Asia is the largest annual trade show of animal supplies and aquariums in
Asia. Such exhibitions boost the demand for pet food ingredients in the region.
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