Pet Food Ingredients Market – Global Opportunity Analysis and Industry Forecast (2024-2031)

Meticulous Research®—leading global market research company, published a research report titled ‘Pet Food Ingredients Market by Type (Meat & Poultry, Fish, Maize, Wheat, Additives, Novel Ingredients), Application (Pet Meals {Dry Meal}, Pet Treats, Pet Snacks, Veterinary Diet), Pet Type (Dog, Cat, Birds, Ornamental Fish) – Global Forecast to 2031’.
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According to this latest publication from Meticulous Research®, the pet food ingredients market is projected to reach $73.30 billion by 2031, at a CAGR of 8.5% from 2024 to 2031.The growth of the pet food ingredients market is driven by the rising pet population coupled with increasing expenditure on pet food, the growing demand for premium pet food, and an increasing focus on pet health and wellness. However, the stringent regulatory structures and fluctuating raw material prices restrain the growth of this market.
Furthermore, the increasing availability and growing acceptance of novel pet food ingredients and the proliferation of direct-to-consumer (D2C) brands and start-ups in the pet food category are expected to provide growth opportunities for the stakeholders operating in this market. However, the risk of counterfeit products is a major challenge impacting the growth of the pet food ingredients market.
Moreover, the rising demand for customized pet food is a major trend in the pet food ingredients market.
Key Players
The pet food ingredients market is moderately competitive due to the presence of many large and small-sized global, regional, and local players. The key players operating in the pet food ingredients market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Darling Ingredients Inc. (U.S.), Kemin Industries, Inc. (U.S.), Archer-Daniels-Midland Company (U.S.),
Omega Protein Corporation (U.S.), Roquette Frères (France),