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 : RC2830
The Italy Pet Food Ingredients Market size was valued at USD 1.38 billion in 2023, and is predicted to reach USD 2.43 billion by 2030, at a CAGR of 7.9% from 2024 to 2030. In terms of volume the market size was 233.65 kilotons in 2023 and is projected to reach 331.00 kilotons in 2030, with a CAGR of 4.7% from 2024 to 2030.
The pet food ingredient market refers to the production and distribution of essential raw materials used to formulate nutritious pet food. These ingredients that include proteins, carbohydrates, fats, vitamins, and minerals are derived from both plant and animal sources. They undergo processing methods such as grinding and blending to improve flavour and enhance nutritional value.
By prioritizing high-quality ingredients and maintaining transparent supply chains, companies in this sector contribute to the health and well-being of pets. This strategic approach is driving market growth as pet owners increasingly seek premium food options for their companions.
The rising adoption of pets, driven by the increasing population of dogs and cats in Italy fuels the growth of the pet food ingredient market as more households embrace pets, the demand for high-quality, nutritious pet food products increases that drives a need for a wider variety of ingredients.
This trend prompts manufacturers to innovate and expand their offerings including organic and inorganic options and meet the preferences of pet owners who prioritize their pets' health and well-being. According to the World Population Review, in 2022, the dog population was accounted for around 8.7 million in Italy. The surge in pet population significantly increases the need for high-quality pet food ingredients that are essential to meet the nutritional needs of pets.
Increasing consumer awareness of environmental issues plays a crucial role in the growth of the pet food ingredients market in Italy as pet owners are increasingly inclined to seek out eco-friendly and responsibly sourced products that led households to prioritize sustainable options. This shift in consumer behaviour prompts manufacturers to revise their sourcing and production methods.
For example, in June 2023, Farmina Pet Foods, an Italian family-run company, launched the N&D Tropical Selection line. This product features a blend of ancestral grains and tropical fruits, featuring a commitment to high-quality, natural nutrition for pets. Such offerings relate with the rising demand for sustainable and vegan-friendly ingredients among environmentally conscious pet owners who want nutritious choices for their animals.
The focus on sustainability not only drives market growth but also cultivates an eco-friendly pet food industry that benefits both pets and the planet.
The limited availability of premium and sustainable ingredients hinders the growth of the pet food ingredient market. As demand for high-quality products increases, suppliers are struggling to secure adequate supplies.
The factors such as overexploitation of natural resources, climate change, and supply chain disruptions led to shortages of essential ingredients such as fish and specialized grains that thereby, limits the market's ability to meet consumer needs.
The integration of sustainable protein sources such as egg-derived proteins, tofu byproducts, black soldier flies, and silkworms is anticipated to generate new opportunities in the pet food ingredient market. These alternatives provide high nutritional value and reduced environmental footprint compared to traditional proteins such as beef and pork. Egg proteins and tofu derivatives not only offer essential nutrients but also contribute to minimizing food waste.
Additionally, insect proteins from black soldier flies and silkworms present sustainable and eco-friendly approach to protein production. These choices not only meet the dietary needs of pets but also promote the adoption of organic practices, encouraging the industry toward environmentally responsible production and long-term sustainability.
The several market players operating in the Italy pet food ingredients market include 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 1.38 Billion |
Revenue Forecast in 2030 |
USD 2.43 Billion |
Growth Rate |
CAGR of 7.9% from 2024 to 2030 |
Market Volume in 2023 |
233.65 Kilotons |
Volume Forecast in 2030 |
331.00 Kilotons |
Growth Rate (Volume) |
CAGR of 4.7% 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. |