Increasing health concern for Pets and Rising need of nutritional pet diet are expected to boost
Posted: Feb 10, 2019
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 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 glucosamine, chondroitin, vitamins, and protein, among others, that help in brain development, bone health, and immune system of pets.
Global Key Players and Competition Analysis
Some of the key players in the global pet food ingredients market are Archer Daniels Midland Co. (US), DSM N.V. (The Netherlands), Cargill, Inc. (US), BASF SE (Germany), Ingredion, Inc. (US), Roquette Frères (France), SunOpta (Canada), DowDuPont, Inc. (US), Omega Protein Corp. (US), and John Pointon & Sons Ltd. (UK).
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The Global Pet Food Market has been segmented into ingredient, pet, form, source, and region. The market based on ingredient has been segmented into meat & meat products, cereals, vegetables, fats, and additives. The market, by pet, has been segmented into dog, cat, fish, and others. The market, by form, has been segmented into dry ingredients and liquid ingredients. The market, by source, has been segmented into plant based, animal based, and synthetic.
Geographically, North America is witnessed to hold the maximum share in the global pet food 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.
Pet food 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.
Browse the market data and information spread across 120 pages with 47 data tables and 12 figures of the report "Pet Food Market Research Report - Global Forecast to 2027" in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/pet-food-market-1525
September 2018 Market Research Future has published a half-cooked research report on the Global Pet Food Ingredients Market.
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