Canada Pet Food Ingredients Market

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Canada 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: 18-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2823

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Canada Pet Food Ingredients Market Overview

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.

Growth in Urbanization Drives the Canada Pet Food Ingredients Market 

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.

 

Expansion in Disposable Income Boosts the Canada Pet Food Ingredients Market 

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 Scarcity of Ingredients Restraints Canada’s Pet Food Ingredients Market Growth

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.

Adoption of Sustainable Protein Sources Creates Growth Opportunity for the Market

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.

 

Competitive Landscape  

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.

Canada 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)

  • 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

  • The rapid growth of urbanization fuels the growth of the market.

  • The rising disposable income 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.

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Frequently Asked Questions

The key market players operating in the Canada pet food ingredients industry are 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.

According to the Next Move Strategy Consulting, the size of the Canada pet food ingredients market is estimated to reach USD 3.23 billion by 2030.

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

The growing urbanization and expansion in disposable income drives the growth of the market.

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

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