Industry: Retail and Consumer | Publish Date: 19-Nov-2024 | No of Pages: 193 | No. of Tables: 146 | No. of Figures: 111 | Format: PDF | Report Code : RC2825
The Europe Pet Food Ingredients Market size was valued at USD 11.67 billion in 2023, and is predicted to reach USD 21.98 billion by 2030, at a CAGR of 9.0% from 2024 to 2030. In terms of volume the market size was 1804.21 kilotons in 2023 and is projected to reach 2756.01 kilotons in 2030, with a CAGR of 5.9% from 2024 to 2030.
The pet food ingredients market refers to the creation and distribution of essential raw materials needed to formulate pet foods that satisfy the nutritional needs of various animal species. These ingredients are derived from both plant and animal origins and include important nutrients such as proteins, carbohydrates, fats, vitamins, and minerals.
The techniques such as grinding and blending are employed to enhance the nutritional content and taste of these ingredients, ensuring they address to the specific dietary and health needs of pets and thereby supporting the overall well-being of pets. The companies in this sector emphasize high-quality ingredients and maintain transparency in their supply chains that not only boosts product quality but also enhance brand loyalty.
Consequently, these practices play a significant role in the growth of the pet food ingredients market as pet owners increasingly demand nutritious and high-quality options for their pets.
The growing emphasis on sustainability is propelling the development of the pet food ingredients market in Europe, as consumers increasingly favor environmentally friendly and ethically sourced alternatives. This transformation not only indicates a deeper awareness of ecological issues but also highlights the demand for transparency in sourcing practices.
The commitment to sustainability includes the use of renewable resources and minimizing waste. As a result, the market is evolving toward innovative ingredient solutions that prioritize the health of pets while supporting environmental responsibility and effectively meeting the expectations of discerning consumers.
The surge in pet ownership across the region drives the growth of the market as more households embrace pets and demand superior, nutritious food options.
This shift in consumer preferences drives manufacturers to explore diverse ingredient options including alternative protein sources and functional additives that support pet health. As a result, the market witnesses the emergence of products that not only meet basic nutritional requirements but also address specific health concerns such as allergies, digestive issues, and weight management that in turn boosts the growth of the market.
The insufficient availability of essential resources presents a major barrier to the development of the pet food ingredient market. As the demand for premium pet food accelerates, the scarcity of important ingredients such as meat and specific grains leads to supply issues and rising production costs.
This limitation affects manufacturers' capability to produce premium pet food and thereby, drives them consider alternative ingredients that may compromise the nutritional value and quality of the final products.
The utilization of sustainable protein sources including egg-based proteins, tofu scraps, black soldier flies, and silkworms is anticipated to create new opportunities in the market. These alternatives are increasingly recognized for their excellent nutritional profiles and reduced ecological impact when compared to traditional proteins such as beef and pork.
Egg proteins and tofu byproducts not only deliver crucial nutrients but also assist in minimizing food waste. Additionally, insect proteins from black soldier flies and silkworms represent an efficient protein production method, offering eco-friendly alternatives in the pet food ingredient industry.
The growing emphasis on sustainability in the UK drives the market growth as consumers increasingly prioritize eco-friendly and organic pet food ingredients. This change encourages manufacturers to adopt responsible sourcing practices that align with environmental and ethical standards. For instance, in March 2024, Meatly, a UK-based firm, collaborated with Omni to create the world’s first canned cat food featuring cultivated chicken as its protein source.
This innovative product seeks to provide a sustainable and cruelty-free pet food, addressing ecological concerns while fulfilling the rising need for nutritious options for pets. This emphasis on sustainability reflects a significant shift in consumer priorities that ultimately influence the future of the pet food industry.
Moreover, the surge in pet ownership within the region significantly boosts the pet food ingredients market by elevating the demand for premium, nutritious products. With more households welcoming pets, owners are placing a premium on nutrition and actively seeking superior ingredients to ensure their pets receive optimal diets.
This trend encourages manufacturers to innovate their offerings and improve ingredient sourcing and formulation, resulting in a diverse range of products designed to meet various dietary needs. As per the latest report published by the UK Pet Food Association, in 2024, approximately 17.2 million households, representing 60% of the total, are expected to own one of the 36 million pets in the UK. This growth in pet ownership compels manufacturers to adapt to the evolving preferences of pet owners, further propelling market expansion.
The growing pet population in Spain fuels the expansion of the pet food ingredients market as a larger number of pets drives consumer interest in their nutrition and overall well-being. According to the latest report published by the World Population Review in 2024, Spain's estimated dog population is estimated to be around 9.31 million.
This rising pet numbers generates heightened demand for high-quality and varied pet food options, compelling manufacturers to innovate and broaden their product offerings. As pet owners become more dedicated to their pets' health, they look for products that provide not only essential nutrition but also functional benefits including improved immunity, enhanced digestion, and better coat condition.
Furthermore, the growing disposable income in Spain is fuels the development of the pet food ingredients market as it allows pet owners to allocate more resources toward premium and high-quality pet food that fulfils their pets' nutritional demands. As per the latest report published by the OECD Better Life Index, the Spain’s average household net adjusted disposable income per capita is projected to reach USD 27,155 in 2024.
This increasing financial capacity inspires pet owners to focus on better nutrition for their pets, resulting in increasing demand for high quality ingredients to meet specific dietary requirements.
The various market players operating in the Europe Pet Food Ingredients industry includes Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Paleo Ridge, Symrise AG, Darling Ingredients Inc., The Scoular Company, Mowi ASA, Partner-M, and others.
Non-Vegan
Beef
Chicken
Fish
Others
Vegan
Soyabeans
Peas
Lentils
Others
Novel Proteins
Organic
Inorganic
Dry
Wet
Dog
Cat
Others
Online
Offline
By Country
The UK
Germany
France
Italy
Spain
Denmark
Netherlands
Finland
Sweden
Norway
Russia
Rest of Europe
Cargill Incorporated
BASF SE
Archer Daniels Midland Company (ADM)
Koninklijke DSM N.V.
Paleo Ridge
Symrise AG
Darling Ingredients Inc.
The Scoular Company
Mowi ASA
Partner-M
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 11.67 Billion |
Revenue Forecast in 2030 |
USD 21.98 Billion |
Growth Rate |
CAGR of 9.0% from 2024 to 2030 |
Market Volume in 2023 |
1804.21 Kilotons |
Volume Forecast in 2030 |
2756.01 Kilotons |
Growth Rate (Volume) |
CAGR of 5.9% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2024 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
Countries Covered |
12 |
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. |