Pet Food Ingredients Market will witness a substantial growth Pet Food Ingredients Market | Page 2

Palatants are used as pet food ingredients to make food taste better, it makes food
palatable by making its taste and smell similar to meat or other flavors. The global
palatants market size is likely to be accounted at over 2.5 billion by the year 2027.
Palatants are used as taste enhancer as they impart certain flavors which attract pets
to consume food, thus increasing the food consumption which in turn foster the market
growth.
North America pet food ingredients market led by the U.S., Canada and Mexico shall
register a substantial growth during the forecast timeframe. Pet adoption in the region
is increasing as they provide good company and security which may stimulate the
regional market growth. In 2017, more than 85 million U.S families owned a pet.
Furthermore, increasing demand for nutritional and healthy pet food may drive the
market growth.
Europe led by Italy, Spain, France, UK and Germany pet food ingredients market size
shall witness a significant growth by the year 2025. The number of households having
one pet is increasing rapidly, people are expanding more on pets owing to rising
disposable income. In 2017, the number of pet cats was accounted at over 100 million
in Europe. Increasing consumer consciousness towards various nutritional elements
for pet food which act as a major part of their diet may drive the regional pet food
ingredients market growth.
Pet food ingredients market is highly fragmented owing to presence of large number
of manufacturers. Companies like DuPont Nutrition & Health, FoodSafe Technologies,
AFB International, Diana Pet Food, Biorigin, American Dehydrated Foods, Alltech,
Camlin Fine Sciences and BTSA are the key market players.
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