Industry: Retail and Consumer | Publish Date: 18-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2823
The Canada Pet Food Ingredients Market size was valued at USD 2.11 billion in 2023, and is predicted to reach USD 3.23 billion by 2030, at a CAGR of 5.9% from 2024 to 2030. In terms of volume the market size was 379.04 kilotons in 2023 and is projected to reach 469.79 kilotons in 2030, with a CAGR of 2.7% from 2024 to 2030.
The pet food ingredients market involves the production and supplying of essential raw materials necessary for formulating pet foods that meet the nutritional requirements of various species. These ingredients that comprises proteins, carbohydrates, fats, vitamins, and minerals from both plant and animal sources, are processed using techniques such as grinding and blending to improve their taste and nutritional benefits.
The emphasis on high-quality ingredients is important for enhancing pet health and facilitating growth as they provide essential nutrients that address to specific dietary needs and health issues. The companies in this industry focus on sourcing premium ingredients and maintaining transparency in their supply chains that not only boosts the nutritional quality of their products but also cultivates consumer confidence Consequently, this strategic focus contributes significantly to the overall growth of the pet food ingredients market, as consumers increasingly seek superior options for their pets.
The growing urbanization in Canada significantly influences the pet food ingredients market as more people move to urban areas, pet ownership rates rise, leading to a greater demand for a variety of premium pet food products. This trend encourages manufacturers to explore a wider array of high-quality ingredients to meet the specific dietary needs of urban pet owners.
According to the Central Intelligence Agency (CIA), approximately 81.9% of Canada’s population lived in urban regions in 2023 As urban pet ownership continues to escalate, the demand for specialized and nutritious pet food ingredients increases that in turn fuels the market growth.
The surge in disposable income in Canada accelerates the growth of the pet food market due to greater household earnings that enable pet owners to spend more on premium and high-quality food products to meet their pets' nutritional requirements. According to the U.S. Energy Information Administration, the average household net-adjusted disposable income per capita in Canada valued for USD 27,994 in 2022 and estimated to reach to USD 36,517 by 2050.
This rising disposable income boosts consumer expenditure on pet food, leading to increasing demand for a variety of nutritious ingredients within the pet food sector.
The limited access to crucial resources is a significant barrier to the growth of the market as premium components such as quality meats, specialty grains, and plant-based products are not readily available. The escalating costs of these scarce ingredients also hinder innovation and product development, as companies encounter difficulties in funding new formulations and organic sourcing initiatives.
Consequently, these limitations slow down the overall progress and development of the market, restricting its potential in both established and emerging segments.
The adoption of sustainable protein sources including egg-derived proteins, tofu byproducts, black soldier flies, and silkworms is projected to create new opportunities within the pet food ingredient market. These options are increasingly valued for their high nutritional profiles and diminished environmental footprint when contrasted with traditional proteins such as beef and pork.
Egg proteins and tofu derivatives provide crucial nutrients while contributing to the reduction of food waste. Similarly, proteins sourced from insects such as black soldier flies and silkworms present an efficient means of protein production, offering environmentally conscious choices for the pet food sector. Such alternatives not only satisfy the nutritional needs of pets but also contribute to a more sustainable supply chain, advancing the industry toward eco-friendly practices and sustainable growth.
The several market players operating in the Canada pet food ingredients market include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), FirstMate Pet Foods, Mowi ASA, Symrise AG, Darling Ingredients Inc., The Scoular Company, Roquette Freres, Kemin Industries Inc., and others.
Non-Vegan
Beef
Chicken
Fish
Others
Vegan
Soyabeans
Peas
Lentils
Others
Novel Proteins
Organic
Inorganic
Dry
Wet
Dog
Cat
Others
Online
Offline
Cargill Incorporated
BASF SE
Archer Daniels Midland Company (ADM)
FirstMate Pet Foods
Mowi ASA
Symrise AG
Darling Ingredients Inc.
The Scoular Company
Roquette Freres
Kemin Industries Inc.
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 2.11 Billion |
Revenue Forecast in 2030 |
USD 3.23 Billion |
Growth Rate |
CAGR of 5.9% from 2024 to 2030 |
Market Volume in 2023 |
379.04 Kilotons |
Volume Forecast in 2030 |
469.79 Kilotons |
Growth Rate (Volume) |
CAGR of 2.7% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2024 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (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. |