Australia Pet Food Ingredients Market

Plastic Optic Fiber Market Report Thumbnail

Australia Pet Food Ingredients Market by Type (Non-Vegan, Vegan, and Novel Proteins), by Nature (Organic and Inorganic), by Form (Dry and Wet), by Pet Type (Dog, Cat, and Others), and by Distribution Channel (Online and Offline) – Opportunity Analysis and Industry Forecast, 2024–2030

Industry: Retail and Consumer | Publish Date: 22-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2842

  • Facebook
  • Linkedin
  • Whatsapp

Australia Pet Food Ingredients Market Overview

The Australia Pet Food Ingredients Market size was valued at USD 827.3 million in 2023, and is predicted to reach USD 1609.2 million by 2030, at a CAGR of 9.5% from 2024 to 2030. In terms of volume the market size was 207.95 kilotons in 2023 and is projected to reach 322.31 kilotons in 2030, with a CAGR of 6.1% from 2024 to 2030.

The pet food ingredients market refers to the production and distribution of essential raw materials used to create pet foods to meet the nutritional needs of various animal species. These ingredients that include proteins, carbohydrates, fats, vitamins, and minerals are derived from both plant and animal sources.

They undergo processing methods such as grinding and blending to improve flavour and enhance nutritional value. By utilizing high-quality components, the market supports pet health and growth, providing crucial nutrients to meet specific dietary requirements. The companies operating in this sector prioritize sourcing premium ingredients while ensuring transparency throughout their supply chains.

This strategic focus significantly drives market advancement as pet owners increasingly prioritize high-quality food options for their pets. 

Rising Pet Ownership Drives the Australia Pet Food Ingredients Market 

The growing pet ownership in Australia drives the demand for ingredients used in pet food as an increasing number of households focus on the health and nutrition of their pets. This trend results in a heightened emphasis on high-quality ingredients that encourages producers to diversify their offerings of premium pet food products.

As per the report published by the Animal Medicine Australia, the total pet household owners in Australia in 2022 was around 6.9 million. This rising pet ownership fuels the need for nutritious and high-quality food alternatives, leading to increased competition among manufacturers to innovate and expand their product lines.

 

Growing Sustainable Pet Food Boosts the Growth of the Market 

The rising demand for sustainable pet food propels the growth of the pet food ingredient market as consumers become more environmentally aware, they actively seek products made from sustainably and ethically sourced ingredients.

This change in consumer preferences motivates manufacturers to innovate by incorporating eco-friendly components such as plant-based proteins and organic materials into their offerings.

For instance, in October 2024, a survey conducted by the local non-profit organization Food Frontier among 2,000 Australians revealed that 47% of dog and cat owners are willing to change their pet's diet because of ethical, health, and environmental concerns. This increasing focus on sustainability is anticipated to drive further innovation and growth within the pet food ingredient market, as manufacturers prioritize the development of eco-friendly and ethically sourced products that align with consumers desire for responsible pet care.

 

The Scarcity of Resources Restraints the Pet Food Ingredients Market Growth

The restricted availability of resources limits the advancement of the pet food ingredient market as the demand for premium and sustainable ingredients grows, suppliers face challenges in obtaining adequate supplies.

The elements such as the overuse of natural resources, climate change, and disruptions in supply chains lead to deficiencies in essential ingredients such as fish and specialized grains, hinders the market's capacity to fulfill consumer requirements.

Adoption of Sustainable Protein Sources Creates Growth Opportunity for the Market

The integration of sustainable protein sources such as egg-derived proteins, tofu byproducts, black soldier flies, and silkworms is anticipated to generate new opportunities in the pet food ingredient market. These alternatives provide high nutritional value and reduced environmental footprint compared to traditional proteins such as beef and pork. Egg proteins and tofu derivatives not only offer essential nutrients but also contribute to minimizing food waste.

Additionally, insect proteins from black soldier flies and silkworms present sustainable and eco-friendly approach to protein production. These choices not only meet the dietary needs of pets but also promote the adoption of organic practices, encouraging the industry toward environmentally responsible production and long-term sustainability.

 

Competitive Landscape 
 
The several market players operating in the Australia pet food ingredients market include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Kemin Industries, Inc., Symrise AG, Darling Ingredients Inc., Staughton Group, Advanced Pet Care APC, Hypro Group, and others.

Australia Pet Food Ingredients Market Key Segments

By Type

  • Non-Vegan

    • Beef

    • Chicken

    • Fish

    • Others

  • Vegan

    • Soyabeans

    • Peas

    • Lentils

    • Others

  • Novel Proteins

By Nature

  • Organic

  • Inorganic

By Form

  • Dry

  • Wet

By Pet Type

  • Dog

  • Cat

  • Others

By Distribution Channel

  • Online 

  • Offline

KEY PLAYERS

  • Cargill Incorporated

  • BASF SE

  • Archer Daniels Midland Company (ADM)

  • Koninklijke DSM N.V.

  • Kemin Industries Inc.

  • Symrise AG

  • Darling Ingredients Inc.

  • Staughton Group

  • Advanced Pet Care APC

  • Hypro Group

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 827.3 Million

Revenue Forecast in 2030

USD 1609.2 Million

Growth Rate

CAGR of 9.5% from 2024 to 2030

Market Volume in 2023

207.95 Kilotons

Volume Forecast in 2030

322.31 Kilotons

Growth Rate (Volume)

CAGR of 6.1% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2024

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Rising pet ownership fuels the growth of the market.

  • Growing sustainable pet food ingredients further boosts the market growth.

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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

The key market players operating in the Australia pet food ingredients market are Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Kemin Industries, Inc., Symrise AG, Darling Ingredients Inc., Staughton Group, Advanced Pet Care APC, Hypro Group, and others.

According to the Next Move Strategy Consulting, the size of the Australia pet food ingredients market is estimated to reach USD 1609.2 million by 2030.

The adoption of sustainable protein sources creates future opportunity of the Australia pet food ingredients market.

The rising pet ownership and growing sustainable pet food ingredients drives the growth of the market.

The scarcity of pet food ingredients restraints the growth of the Australia pet food ingredients market.

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

popular
$2,575
$1,575
$3,875
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more