Industry: Retail and Consumer | Publish Date: 23-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2845
The Indonesia Pet Food Ingredients Market size was valued at USD 157.57 million in 2023, and is predicted to reach USD 254.93 million by 2030, at a CAGR of 6.6% from 2024 to 2030. In terms of volume the market size was 37.79 kilotons in 2023 and is projected to reach 48.84 kilotons in 2030, with a CAGR of 3.3% from 2024 to 2030.
The pet food ingredients market refers to the production and distribution of essential raw materials that are used in pet food formulations to fulfill the nutritional demands of various animals. These ingredients including proteins, fats, carbohydrates, vitamins, and minerals, come from both plant and animal sources.
Processing methods such as grinding and blending are employed to enhance both the flavour and nutritional value of the final pet food products. By focusing on high-grade ingredients, manufacturers are able to support the health of pets and meet the dietary needs of those with specific requirements.
The companies within the industry focus on obtaining premium ingredients and ensuring transparency across their supply chains, leading to improved product quality and addresses consumer confidence. This approach helps the market grow as pet owners continue to prioritize superior food choices for their pets.
The increasing rate of pet ownership is contributing to the growth of the pet food ingredients market as more families welcome pets into their homes, raising the demand for pet food products. As with rise in the pet population, there is a greater consumption of pet food, prompting manufacturers to increase production and diversify their offerings through using a mix of organic and inorganic ingredients to fulfill pets' nutritional requirements.
According to the World Animal Foundation, dog ownership in Indonesia increased to 10% in 2023, while cat ownership rose to 47%. The surge in pet ownership is driving demand for a diverse range of premium pet food ingredients.
The increased focus on pet health and nutrition is significantly contributing to the growth of the pet food ingredients market as pet owners grow more aware of the importance of their pets’ well-being, they are more inclined to choose food products that deliver extra health advantages.
This changing consumer behavior is driving up demand for functional ingredients, such as organic and inorganic compounds that rise the nutritional profile of pet food. Manufacturers are creating products enriched with these beneficial ingredients, aiming to satisfy the needs of pet owners who prioritize their pets' health and enhance pets' overall wellness.
The shortage of key ingredients such as meats and specialized grains, driven by the overuse of natural resources, climate-related impacts, and supply chain interruptions, poses significant obstacles to the growth of the pet food ingredients market. As a result, production costs rise, and supply shortages become more frequent, putting pressure on manufacturers to either find alternative sources or adjust their offerings.
This scarcity not only impacts product quality but also hampers the ability of companies to meet growing consumer demand, further restraining market expansion.
The transition to 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 increasingly recognized for their rich nutritional content and lower environmental impact when set against traditional proteins including beef and pork.
Egg proteins and tofu derivatives provide nutrients and helps to reduce food waste. Moreover, insect proteins from black soldier flies and silkworms provide an organic and environmentally friendly method of protein production. These sustainable options not only fulfill pets’ dietary requirements but also support the adoption of sustainable practices, encouraging the industry towards environmentally responsible production and long-term sustainability.
The several market players operating in the Indonesia pet food ingredients market include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Kemin Industries Inc., Symrise AG, Royal Ingredients Group, The Scoular Company, Roquette Freres, Arla Food Ingredients, 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.
Symrise AG
Royal Ingredients Group
The Scoular Company
Roquette Freres
Arla Food Ingredients
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 157.57 Million |
Revenue Forecast in 2030 |
USD 254.93 Million |
Growth Rate |
CAGR of 6.6% from 2024 to 2030 |
Market Volume in 2023 |
37.79 Kilotons |
Volume Forecast in 2030 |
48.84 Kilotons |
Growth Rate (Volume) |
CAGR of 3.3% 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. |