Industry: Retail and Consumer | Publish Date: 19-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2832
The Denmark Pet Food Ingredients Market size was valued at USD 388.4 million in 2023, and is predicted to reach USD 815.6 million by 2030, at a CAGR of 10.7% from 2024 to 2030. In terms of volume the market size was 46.19 kilotons in 2023 and is projected to reach 78.27 kilotons in 2030, with a CAGR of 7.4% 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 increasing disposable income in Denmark propels the growth of the pet food ingredients market, enabling pet owners to invest more in high-quality, premium pet food that fulfills their pets' nutritional needs. According to the latest report published by the OECD Better Life Index report, the average household net adjusted disposable income per capita in Denmark is anticipated to reach USD 33,774 in 2024, exceeding the OECD average of USD 30,490.
This increase in disposable income motivates pet owners to prioritize superior nutrition for their pets, leading to a higher demand for premium ingredients. Consequently, manufacturers broaden their offerings of high-quality, specialized pet food products to address to the evolving consumer preferences.
The growing trend of pet ownership fuels the pet food ingredient market as more households embrace the idea of having pets, the need for nutritious and high-quality pet food increases. This shift drives manufacturers to expand their range of diverse and specialized ingredients aimed at pet owners who wish to provide the best nutrition for their pets.
According to the latest report published by the European Pet Food Industry Federation, Denmark's pet dog population reached 643,000 while the number of pet cats stood at 698,000 in 2023. This trend in rising pet ownership highlights the need for high-quality ingredients that meet the nutritional needs of a diverse and expanding pet population, inspiring manufacturers to innovate and enhance their product offerings.
Strict regulations such as quality standards hinder the expansion of the pet food ingredient market. The need to comply with high-quality and safety standards results in increased operational expenses for manufacturers, limiting their ability to innovate and broaden their product offerings. These compliance challenges restrict the timely introduction of new ingredients and formulations, thereby impacting the market's growth prospects.
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 Denmark pet food ingredients market include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Kemin Industries Inc., Aller Petfood GroupA/S, BHJ A/S, The Scoular Company, Alsiano A/S, Sinova GmbH, 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)
Koninklijke DSM N.V.
Kemin Industries Inc.
Aller Petfood GroupA/S
BHJ A/S
The Scoular Company
Alsiano A/S
Sinova GmbH
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 388.4 Million |
Revenue Forecast in 2030 |
USD 815.6 Million |
Growth Rate |
CAGR of 10.7% from 2024 to 2030 |
Market Volume in 2023 |
46.19 Kilotons |
Volume Forecast in 2030 |
78.27 Kilotons |
Growth Rate (Volume) |
CAGR of 7.4% 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. |