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 : RC2846
The Singapore Pet Food Ingredients Market size was valued at USD 165.45 million in 2023, and is predicted to reach USD 286.80 million by 2030, at a CAGR of 7.7% from 2024 to 2030. In terms of volume the market size was 47.68 kilotons in 2023 and is projected to reach 65.11 kilotons in 2030, with a CAGR of 4.1% from 2024 to 2030.
The pet food ingredients market involves the production and supply of essential raw materials used in pet food formulations to satisfy the nutritional needs of various animal species. These ingredients that include proteins, carbohydrates, fats, vitamins, and minerals, are derived from both plant and animal sources.
The processing methods such as grinding and blending are employed to enhance the flavour and nutritional profile of the final products. By using premium-grade ingredients, manufacturers support pet health and provide essential nutrients for pets with specific dietary needs. The companies in this market emphasize sourcing high-quality ingredients and maintaining transparency in their supply chains, ensuring product quality and consumer trust. This strategic approach enhances market growth as more pet owners seek superior food options for their animals.
The growing trend of pet ownership, driven by a rising pet population fuels the demand for pet food ingredients as households seek nutritious, high-quality options for their pets. The surge in demand encourages manufacturers to scale up production and innovate their ingredient offerings to cater to the varied needs of pet owners.
According to the report published by the Worldmetrics.org, there are around 800,000 pet dogs in Singapore and more than half of household own pets in Singapore. The shift highlights a growing focus on pet health, encouraging pet owners to prioritize products that deliver the best nutritional value for their pets.
The rising demand for sustainable food ingredients is fueling market growth as consumers become more environmentally conscious. They are increasingly looking for pet food products made from sustainably and ethically sourced ingredients including organic grains, plant-based proteins such as lentils and chickpeas, responsibly sourced fish, and natural preservatives.
This shift compels manufacturers to innovate and adjust their product lines to align with these preferences, increasing eco-friendly practices and enhancing transparency within their supply chains.
The restricted availability of resources limits the advancement of the pet food ingredient market as the demand for premium and organic ingredients grows, suppliers face challenges in obtaining adequate supplies.
The elements such as the overuse of natural resources, climate change, and disruptions in supply chains lead to deficiencies in essential ingredients such as fish and specialized grains, hinders the market's capacity to fulfill consumer requirements.
The shift towards sustainable protein sources such as egg-derived proteins, tofu byproducts, black soldier flies, and silkworms is anticipated to create new opportunities in the pet food ingredient market. These alternatives are increasingly valued for their high nutritional benefits and reduced environmental footprint compared to traditional proteins including beef and pork.
Egg proteins and tofu derivatives offer essential nutrients while helping to minimize food waste. Additionally, insect proteins from black soldier flies and silkworms present an organic and eco-friendly approach to protein production. These sustainable options not only meet pets’ dietary needs but also promote the adoption of eco-friendly practices, encouraging the industry toward responsible production and long-term sustainability.
The several market players operating in the Singapore pet food ingredients market include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Mowi ASA, Symrise AG, FirstMate Pet Foods, SGS SA, Roquette Freres, KROHNE Ltd., 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.
Mowi ASA
Symrise AG
FirstMate Pet Foods
SGS SA
Roquette Freres
KROHNE Ltd.
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 165.45 Million |
Revenue Forecast in 2030 |
USD 286.80 Million |
Growth Rate |
CAGR of 7.7% from 2024 to 2030 |
Market Volume in 2023 |
47.68 Kilotons |
Volume Forecast in 2030 |
65.11 Kilotons |
Growth Rate (Volume) |
CAGR of 4.1% 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. |