Industry: Retail and Consumer | Publish Date: 23-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2849
The Africa Pet Food Ingredients Market size was valued at USD 472.7 million in 2023, and is predicted to reach USD 1001.2 million by 2030, at a CAGR of 10.8% from 2024 to 2030. In terms of volume the market size was 119.37 kilotons in 2023 and is projected to reach 204.58 kilotons in 2030, with a CAGR of 7.6% from 2024 to 2030.
The pet food ingredients market refers to the creation and supply of essential raw materials used in making pet foods that addresses to the diverse nutritional requirements of various species. These ingredients ranging from proteins, carbohydrates, and fats to vitamins and minerals are derived from both plant and animal sources and undergo processing methods such as grinding and blending to improve their flavor and nutrient content.
The use of high-quality ingredients is essential for promoting pet health and facilitating growth as they deliver the necessary nutrients for pets with specific dietary needs. The companies in the sector emphasize sourcing premium ingredients and maintaining transparency across their supply chains, enhancing both product quality and consumer trust. This approach plays an important role in advancing the market, as consumers increasingly seek superior pet food choices.
The growing urbanization in Africa that includes countries such as South Africa, Nigeria, among others boosts the pet food ingredients market as more households adopt pets, prompting manufacturers to secure a broader range of premium ingredients to meet growing demand. According to the latest report published by the CIA, approximately 68.8% of South Africa’s population lived in urban areas in 2023.
This urban shift not only raises pet ownership rates but increases consumer preferences toward high-quality pet food products and thereby, propels the expansion of the premium pet food ingredients market.
The rising pet population in South Africa fuels the growth of the pet food ingredients market due to the increasing number of households with pets, it creates greater demand for a variety of nutritious food options. As pet owners seek products modified to their pets' dietary requirements, manufacturers are encouraged to source a broader selection of high-quality ingredients.
According to the latest report published by the World Population Review, the pet dog population in South Africa is projected to reach 7.4 million in 2024. This rising trend in pet ownership strengthens the pet food ingredients market, as producers work to supply the growing demand for nutritious options that align with pets' specific dietary needs.
The restricted access to essential resources such as premium meat and organic ingredients restraints the growth of the pet food ingredient market. The challenges in acquiring top-quality ingredients such as premium proteins, grains, and other nutrients, coupled with the unpredictability of agricultural yields that are influenced by climate conditions, market fluctuations, or seasonal variations.
These factors severely limit manufacturers' capacity to scale their operations and meet the increasing demand for high-quality pet food ingredients, thereby slowing down overall market growth.
The adoption of sustainable protein sources such as egg-derived proteins, tofu byproducts, black soldier flies, and silkworms is expected to create new opportunities in the pet food ingredient market. These alternatives are gaining recognition for their rich nutritional content and lower environmental footprint compared to traditional proteins including beef and pork.
Egg and tofu byproducts deliver essential nutrients and supports food waste reduction, while insect proteins from black soldier flies and silkworms offer an efficient and eco-conscious approach to protein production. These sustainable choices not only fulfill the nutritional requirements of pets but also encourage the adoption of organic practices, encouraging the industry toward environmentally responsible production and long-term sustainability.
The several market players operating in the Africa pet food ingredients industry include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Kemin Industries, Inc., Symrise AG, SGS SA, Afrique Pet Food (Pty) Ltd, African Gazelle Products, BJK Industries (Pty) Ltd, and others.
Non-Vegan
Beef
Chicken
Fish
Others
Vegan
Soyabeans
Peas
Lentils
Others
Novel Proteins
Organic
Inorganic
Dry
Wet
Cat
Others
Online
Offline
Cargill Incorporated
BASF SE
Archer Daniels Midland Company (ADM)
Koninklijke DSM N.V.
Kemin Industries Inc.
Symrise AG
SGS SA
Afrique Pet Food (Pty) Ltd
African Gazelle Products
BJK Industries (Pty) Ltd
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 472.7 Million |
Revenue Forecast in 2030 |
USD 1001.2 Million |
Growth Rate |
CAGR of 10.8% from 2024 to 2030 |
Market Volume in 2023 |
119.37 Kilotons |
Volume Forecast in 2030 |
204.58 Kilotons |
Growth Rate (Volume) |
CAGR of 7.6% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2024 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |