Industry: Retail and Consumer | Publish Date: 20-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2833
The Finland Pet Food Ingredients Market size was valued at USD 415.2 million in 2023, and is predicted to reach USD 833.2 million by 2030, at a CAGR of 10.0% from 2024 to 2030. In terms of volume the market size was 56.29 kilotons in 2023 and is projected to reach 91.22 kilotons in 2030, with a CAGR of 6.7% from 2024 to 2030.
The pet food ingredients industry refers to the production and supply of essential raw materials used in the creation of pet food. These ingredients are obtained from both plant and animal sources and provide the necessary nutrients including proteins, carbohydrates, fats, vitamins, and minerals to meet the dietary needs of various animal species.
Through processes such as grinding and blending, these ingredients are transformed to enhance flavour and nutritional value. They use high-quality components and supports pet health and growth, offering essential dietary options to meet specific requirements. The companies operating in this sector are committed to sourcing premium ingredients and maintaining transparency in their supply chains. This strategic focus significantly drives market growth as pet owners increasingly seek high-quality food options for their pets.
The rising demand for premium nutrition designed for purebred and pedigree dogs fuels the pet food ingredients market, with pet owners seeking food that supports the unique dietary needs of specific breeds. This focus on health benefits such as coat improvement and general well-being encourages the manufacturers to create specialized products.
According to the latest report published by the Federation Cynologique Internationale, in 2023, a total of 43,835 puppies were registered in Finland with the studbook and the appendix. This trend of prioritizing targeted nutrition drives the market growth, with manufacturers dedicating resources to R&D for customized solutions to meet these evolving consumer needs.
The establishment of pet food factories in Finland supports the expansion of the market as these facilities depend on a consistent supply of high-quality ingredients to produce a broad spectrum of nutritious pet food products and meet manufacturers' needs. For instance, in January2023, VAFO launched Finland’s largest pet food factory in Nokia with an annual production capacity of 20,000 tons.
This new facility strengthens VAFO’s market position by enabling a diverse product lineup including the reintroduction of the domestic brand Hau-Hau, and highlights its dedication to sustainability and innovation in the Finnish pet food sector. As a result, the growth of these factories fuels to the pet food ingredients market, ensuring a steady supply of quality ingredients that align with consumer preferences.
Resource scarcity significantly impacts the growth of the pet food ingredients market as the shortage of critical components makes it challenging for manufacturers to produce a broad selection of premium pet food items. This lack of essential materials constrains production capabilities, slowing the introduction of new, high-quality products that address varied consumer preferences.
Incorporating sustainable protein sources such as egg proteins, tofu byproducts, black soldier flies, and silkworms is anticipated to create new opportunities for the pet food ingredient market. As compared to traditional proteins such as beef and pork, these options are nutrient-dense and come with a reduced environmental impact.
Both egg proteins and tofu derivatives provide vital nutrients while contributing to food waste reduction. Additionally, insect proteins sourced from black soldier flies and silkworms offer a sustainable, eco-conscious approach to protein production. These options not only fulfill pets’ nutritional requirements but also support the adoption of organic practices, steering the industry toward responsible production and long-term sustainability.
The several market players operating in the Finland pet food ingredients market include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Kemin Industries Inc., BHJ A/S, Alsiano A/S, The Scoular Company, Roquette Freres, Musti Group Nordic Oy, 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.
BHJ A/S
Alsiano A/S
The Scoular Company
Roquette Freres
Musti Group Nordic Oy
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 415.2 Million |
Revenue Forecast in 2030 |
USD 833.2 Million |
Growth Rate |
CAGR of 10.0% from 2024 to 2030 |
Market Volume in 2023 |
56.29 Kilotons |
Volume Forecast in 2030 |
91.22 Kilotons |
Growth Rate (Volume) |
CAGR of 6.7% 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. |