Mexico Pet Food Ingredients Market

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Mexico Pet Food Ingredients Market by Type (Non-Vegan, Vegan, and Novel Proteins), by Nature (Organic and Inorganic), by Form (Dry and Wet), by Pet Type (Dog, Cat, and Others), and by Distribution Channel (Online and Offline) – Opportunity Analysis and Industry Forecast, 2024–2030

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 : RC2824

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Mexico Pet Food Ingredients Market Overview

The Mexico Pet Food Ingredients Market size was valued at USD 861.6 million in 2023, and is predicted to reach USD 1235.0 million by 2030, at a CAGR of 4.8% from 2024 to 2030. In terms of volume the market size was 204.21 kilotons in 2023 and is projected to reach 238.87 kilotons in 2030, with a CAGR of 1.9% from 2024 to 2030.

The pet food ingredients market refers to the production and supply of essential raw materials required for creating pet foods that satisfy the nutritional needs of various species. These ingredients that include proteins, carbohydrates, fats, vitamins, and minerals sourced from both plants and animals, undergo processing methods such as grinding and blending to enhance their flavor and nutritional value.

Prioritizing high-quality ingredients is important for improving pet health and promoting growth, as they deliver essential nutrients to meet specific dietary requirements and health concerns.

The companies in this sector emphasize sourcing premium ingredients and ensuring transparency within their supply chains that not only enhances the nutritional quality of their offerings but also builds consumer trust. As a result, this strategic approach plays a significant role in driving the overall expansion of the pet food ingredients market, with consumers increasingly seeking superior choices for their pets.

Growth in Pet Population Drives the Mexico Pet Food Ingredients Market 

The increasing pet ownership across Mexico significantly influence the growth of the pet food ingredients market as more households adopting pets, there is a rising demand for various nutritious food choices. They are focused on providing quality nutrition that led to prompt manufacturers enhance their ingredient offerings and formulations to address different dietary requirements.

As per the latest report published by the Government of Canada, in 2022, the country’s pet population was approximately 33.71 million. This expanding pet demographic plays an important role in driving the demand for premium pet food ingredients, contributing to sustained market expansion.

 

Rising Urbanization Boosts the Growth of the Mexico Pet Food Ingredients Market 

The surge in urbanization throughout Mexico drives the expansion of the pet food ingredients market as more individuals residing in urban areas leads to higher pet ownership rates and a greater demand for a diverse range of high-quality pet food products.

This trend prompts manufacturers to seek a broader selection of premium ingredients to meet the unique dietary needs of urban pet owners. According to the Central Intelligence Agency (CIA), approximately 81.6% of Mexico's total population resided in urban areas in 2023. As urban pet ownership continues to rise, the demand for specialized and nutritious pet food ingredients increases, further propels the growth of the market.

 

The Scarcity of Ingredients Restraints Canada’s Pet Food Ingredients Market Growth

The growing consumer expectation for transparent sourcing practices drives up operational costs for manufacturers that restricts the market growth in Mexico. As companies make efforts to provide detailed information regarding their sourcing, they face escalating expenses related to compliance, documentation, and managing their supply chains.

This financial pressure obstructs manufacturers' ability to invest in new product development and expansion that ultimately affects the growth of the market. Moreover, the necessity for greater transparency led to higher consumer prices that affects demand and further limit growth opportunities.

Adoption of Sustainable Protein Sources Creates Growth Opportunity for the Market

The utilization of sustainable protein sources including egg-derived proteins, tofu byproducts, black soldier flies, and silkworms, is anticipated to generate new opportunities in the pet food ingredient market. These options are increasingly appreciated for their nutritional benefits and reduced environmental impact when compared to conventional proteins such as beef and pork.

Egg proteins and tofu derivatives supply vital nutrients while aiding in food waste reduction. Similarly, insect proteins sourced from black soldier flies and silkworms offer an efficient means of protein production, presenting eco-conscious choices for the pet food sector. These alternatives not only address the dietary needs of pets but also promote organic practices, driving the industry towards environmentally responsible practices and sustainable growth.

 

Competitive Landscape  

The several market players operating in the Mexico pet food ingredients market include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Campi Alimentos S.A de C.V., Symrise AG, BRF Ingredients, The Scoular Company, Roquette Freres, Kemin Industries Inc., and others.

Mexico Pet Food Ingredients Market Key Segments

By Type

  • Non-Vegan
    • Beef
    • Chicken
    • Fish
    • Others
  • Vegan
    • Soyabeans
    • Peas
    • Lentils
    • Others
  • Novel Proteins

By Nature

  • Organic
  • Inorganic

By Form

  • Dry
  • Wet

By Pet Type

  • Dog
  • Cat
  • Others

By Distribution Channel

  • Online 
  • Offline

KEY PLAYERS

  • Cargill Incorporated

  • BASF SE

  • Archer Daniels Midland Company (ADM)

  • Koninklijke DSM N.V.

  • Campi Alimentos S.A de C.V.

  • Symrise AG

  • BRF Ingredients

  • The Scoular Company

  • Roquette Freres

  • Kemin Industries Inc. 

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 861.6 Million

Revenue Forecast in 2030

USD 1235.0 Million

Growth Rate

CAGR of 4.8% from 2024 to 2030

Market Volume in 2023

204.21 Kilotons

Volume Forecast in 2030

238.87 Kilotons

Growth Rate (Volume)

CAGR of 1.9% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2024

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The rapid growing of pet population fuels the growth of the market.

  • The rising urbanization further boosts the market growth.

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.

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Frequently Asked Questions

The key market players operating in the Mexico pet food ingredients industry are Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Campi Alimentos S.A de C.V., Symrise AG, BRF Ingredients, The Scoular Company, Roquette Freres, Kemin Industries Inc., and others.

According to the Next Move Strategy Consulting, the size of the Mexico pet food ingredients market is estimated to reach USD 1235.0 million by 2030.

The adoption of sustainable protein sources creates future opportunity of the Mexico pet food ingredients market.

The growing of pet population and rising urbanization drives the growth of the market.

The scarcity of ingredients restraints the growth of the Mexico pet food ingredients market.

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