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 : RC2827
The Germany Pet Food Ingredients Market size was valued at USD 1.86 billion in 2023, and is predicted to reach USD 2.92 billion by 2030, at a CAGR of 6.2% from 2024 to 2030. In terms of volume the market size was 233.83 kilotons in 2023 and is projected to reach 296.82 kilotons in 2030, with a CAGR of 3.1% from 2024 to 2030.
The pet food ingredients market refers to the production and distribution of essential raw materials required for formulating pet foods that meet the nutritional demands of diverse animal species. These ingredients originate from both plant and animal sources, providing essential nutrients including proteins, carbohydrates, fats, vitamins, and minerals.
The techniques such as grinding and blending are used to enhance both the nutritional value and flavor of these ingredients, ensuring they effectively address the specific dietary and health needs of pets and promoting their overall health and well-being.
The companies operating in this industry focus on utilizing high-quality ingredients and ensuring transparency in their supply chains that not only elevates product quality but also raises consumer loyalty. Consequently, these practices contribute in the expansion of the pet food ingredients market as pet owners increasingly seek out nutritious and premium options for their animals.
The surge in pet food spending in Germany propels the growth of the pet food ingredients market as consumers increasingly invest in premium and specialized options for their pets. As with increase in significant spending, pet owners are actively seeking high-grade ingredients and customized formulations to address their pets' unique dietary requirements.
As per the report published by the International Trade Administration, 2024, pet food represented 69.7% of total spending by German pet owners, generating approximately USD 4.8 billion in 2023. This increasing spending highlights a trend toward prioritizing quality, resulting in rising demand for innovative ingredient solutions within the market.
The development of Germany's food processing sector is significantly contributing to the growth of the pet food ingredients market by enabling the production of high-quality and innovative pet food products. This industry encourages the use of premium ingredients and specialized formulations, allowing manufacturers to effectively address to the evolving dietary needs of pets.
As per the latest report published by the Food Export Association of the Midwest USA and Food Export USA–Northeast, in 2022, the German food processing industry generated around USD 239 billion, with pet food accounting for 7% of this revenue. This demonstrates the importance of pet food in the market, indicating its contribution to the overall economy and stimulating innovation and investment in the pet food ingredients field.
The increasing demand for organic and sustainable ingredients increases the production costs that in turn impacts the affordability of pet food products. This situation hinders the growth of the pet food ingredients market, as higher prices can discourage consumers from purchasing premium products. As pet owners become more conscious of ingredient sourcing, manufacturers face the problem of balancing quality and cost.
The rising production expenses limit the variety of products available and lead manufacturers to lower ingredient quality to remain competitive. This shift ultimately slows the market growth, as consumers choose for more budget-friendly options, impacting overall sales and innovation in the sector.
The integration of sustainable protein sources including egg-derived proteins, tofu byproducts, black soldier flies, and silkworms is anticipated to create new opportunities in the market. These alternatives are increasingly recognized for their superior nutritional advantages and lower environmental impact when compared to conventional proteins such as beef and pork.
Egg proteins and tofu byproducts provide essential nutrients while helping to reduce food waste. Moreover, insect proteins from black soldier flies and silkworms offer a resource-efficient method for protein production, positioning themselves as environmentally responsible options in the pet food ingredients sector.
The various market players operating in Germany pet food ingredients market includes Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Mowi ASA, Symrise AG, Darling Ingredients Inc., The Scoular Company, Roquette Freres, Sinova GmbH, and others.
Non-Vegan
Beef
Chicken
Fish
Others
Vegan
Soyabeans
Peas
Lentils
Others
Novel Proteins
Online
Offline
Cargill Incorporated
BASF SE
Archer Daniels Midland Company (ADM)
Koninklijke DSM N.V.
Mowi ASA
Symrise AG
Darling Ingredients Inc.
The Scoular Company
Roquette Freres
Sinova GmbH
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 1.86 Billion |
Revenue Forecast in 2030 |
USD 2.92 Billion |
Growth Rate |
CAGR of 6.2% from 2024 to 2030 |
Market Volume in 2023 |
233.83 Kilotons |
Volume Forecast in 2030 |
296.82 Kilotons |
Growth Rate (Volume) |
CAGR of 3.1% 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. |