Sweden Pet Food Ingredients Market

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Sweden 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: 21-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2835

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Sweden Pet Food Ingredients Market Overview

The Sweden Pet Food Ingredients Market size was valued at USD 457.2 million in 2023, and is predicted to reach USD 883.7 million by 2030, at a CAGR of 9.4% from 2024 to 2030. In terms of volume the market size was 52.86 kilotons in 2023 and is projected to reach 82.40 kilotons in 2030, with a CAGR of 6.2% from 2024 to 2030.

The pet food ingredients industry refers to the production and supply of essential raw materials required for making pet food. The ingredients sourced from both plant and animal origins deliver essential nutrients including proteins, carbohydrates, fats, vitamins, and minerals to meet the dietary needs of different animal species.

Through various processes such as grinding and blending, these raw materials are refined to improve both flavour and nutritional value. They emphasis on high-quality components, these ingredients support pet health and development, providing important dietary options to meet specific needs. The companies in this industry prioritize sourcing premium ingredients and ensuring supply chain transparency. This strategic commitment supports market expansion as pet owners increasingly look for quality food choices for their pets.

Expansion in Disposable Income Drives the Sweden Pet Food Ingredients Market 

Increasing disposable income in Sweden supports the expansion of the pet food ingredients market as pet owners invest more in premium, high-quality pet food that fulfills their pets' nutritional requirements. According to the latest OECD Better Life Index report, Sweden’s average household net adjusted disposable income per capita is anticipated to reach USD 33,730 in 2024, surpassing the OECD average of USD 30,490.

This rising income encourages pet owners to prioritize superior nutrition for their pets, driving demand for premium ingredients. Consequently, manufacturers expand their range of high-quality, specialized pet food products to meet these shifting consumer preferences that propels the market growth.

 

Rising Pet Population Boosts the Growth of the Market 

Increasing pet ownership across Sweden drives the growth of the pet food ingredients market as more households adopts pets that leads to higher demand for premium pet food products designed to meet specific dietary needs. As per the latest report published by the European Pet Food Industry Federation's, Sweden's pet population was approximately 3,897,000 in 2022.

This rising trend not only fuels the demand for a range of ingredients but also encourages manufacturers to innovate and broaden their product selections, aligning with evolving consumer expectations and sustaining market growth.

 

Stringent Laws and Regulations Restraints the Pet Food Ingredients Market Growth

The pet food ingredients market faces substantial constraints due to strict regulatory requirements around ingredient sourcing, safety compliance, and accurate labeling. These regulations require manufacturers to bear additional costs to ensure compliance, impacting overall production budgets.

The high compliance standards often slow down innovation as companies invest time and resources into meeting regulations, delaying the introduction of new ingredients or formulations. This cautious approach limits the market's ability to adapt to rapidly evolving consumer preferences and demand for variety. Ultimately, these regulatory barriers place considerable pressure on the market, reducing growth by restricting product development and expansion opportunities.

Adoption of Sustainable Protein Sources Creates Growth Opportunity for the Market

Incorporating sustainable protein sources such as egg proteins, tofu byproducts, black soldier flies, and silkworms is anticipated to create new opportunities for the pet food ingredient market. As compared to traditional proteins such as beef and pork, these options are nutrient-dense and come with a reduced environmental impact.

Both egg proteins and tofu derivatives provide vital nutrients while contributing to food waste reduction. Additionally, insect proteins sourced from black soldier flies and silkworms offer a sustainable, eco-conscious approach to protein production. These options not only fulfill pets’ nutritional requirements but also support the adoption of organic practices, steering the industry toward responsible production and long-term sustainability.

 

Competitive Landscape 

The several market players operating in the Sweden pet food ingredients market include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Kemin Industries Inc., Alsiano A/S, Symrise AG, Doggy AB, The Scoular Company, Magnusson Petfood AB, VAFO Group A.S., and others.

Sweden 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)

  • Kemin Industries Inc.

  • Alsiano A/S

  • Symrise AG

  • Doggy AB

  • The Scoular Company

  • Magnusson Petfood AB

  • VAFO Group A.S. 

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 457.2 Million

Revenue Forecast in 2030

USD 883.7 Million

Growth Rate

CAGR of 9.4% from 2024 to 2030

Market Volume in 2023

52.86 Kilotons

Volume Forecast in 2030

82.40 Kilotons

Growth Rate (Volume)

CAGR of 6.2% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2024

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Expansion in disposable income fuels the growth of the market.

  • Rising pet population 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.a

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Frequently Asked Questions

The key market players operating in the Sweden pet food ingredients industry are Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Kemin Industries Inc., Alsiano A/S, Symrise AG, Doggy AB, The Scoular Company, Magnusson Petfood AB, VAFO Group A.S., and others.

According to the Next Move Strategy Consulting, the size of the Sweden pet food ingredients market is estimated to reach USD 883.7 million by 2030.

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

The expansion in disposable income and rising pet population drives the growth of the market.

The stringent rules and regulations restraints the growth of the Sweden pet food ingredients market.

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