Taiwan Pet Food Ingredients Market

Plastic Optic Fiber Market Report Thumbnail

Taiwan 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: 23-Nov-2024 | No of Pages: 117 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : RC2844

  • Facebook
  • Linkedin
  • Whatsapp

Taiwan Pet Food Ingredients Market Overview

The Taiwan Pet Food Ingredients Market size was valued at USD 504.2 million in 2023, and is predicted to reach USD 1226.9 million by 2030, at a CAGR of 13.0% from 2024 to 2030. In terms of volume the market size was 134.74 kilotons in 2023 and is projected to reach 260.46 kilotons in 2030, with a CAGR of 9.4% 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.

Rising Pet Ownership Drives the Taiwan Pet Food Ingredients Market 

The growth in pet ownership in Taiwan, driven by a rising pet population and more families adopting pets, accelerates the development of the pet food ingredients market. This leads to the demand for superior pet food increases, encouraging producers to source premium ingredients to address pets' nutritional needs.

Subsequently, this trend boosts the demand for a range of organic and inorganic ingredients in pet food production. As per the latest report published by the Radio Taiwan International, in May 2024, the Agricultural Ministry announced Friday that the total number of domestic cats in Taiwan rose by 50% compared to 2023, while the number of pet dogs grew by 19%.

The growing pet population in Taiwan is fuels an increasing pet adoption, that in turn propels the market's growth for nutritious and specialized pet food in response to the expanding number of pets.

 

Expansion in Sustainable Pet Food Ingredients Boosts the Growth of the Market 

The rising demand for sustainable pet food among pet owners drives the growth of the pet food ingredient market as consumers place greater emphasis on eco-friendly options. This shift compels manufacturers to source sustainable ingredients such as plant-based proteins and organic grains, directly contributing to the increased demand for these resources.

For instance, in September 2024, the Pet Sustainability Coalition (PSC) partnered with HowGood to leverage the world's largest sustainability database for food ingredients. This collaboration seeks to equip PSC members with data-driven insights to optimize ingredient sourcing and lower carbon emissions within the pet food supply chain.

 

Scarcity of Resources Restraints the Taiwan’s Pet Food Ingredients Market Growth

The restricted availability of resources limits the advancement of the pet food ingredient market as the demand for premium and sustainable 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.

Adoption of Sustainable Protein Sources Creates Growth Opportunity for the Market

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.

 

Competitive Landscape  

The several market players operating in the Taiwan pet food ingredients market  include Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Mowi ASA, Kemin Industries Inc., FirstMate Pet Foods, Singen Animal Health Industry Co. Ltd., Roquette Freres, Portland Pet Food Company, and others.

Taiwan 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.

  • Mowi ASA

  • Kemin Industries Inc.

  • FirstMate Pet Foods

  • Singen Animal Health Industry Co. Ltd.

  • Roquette Freres

  • Portland Pet Food Company 

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 504.2 Million

Revenue Forecast in 2030

USD 1226.9 Million

Growth Rate

CAGR of 13.0% from 2024 to 2030

Market Volume in 2023

134.74 Kilotons

Volume Forecast in 2030

260.46 Kilotons

Growth Rate (Volume)

CAGR of 9.4% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2024

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Rising pet ownership fuels the growth of the market.

  • Expansion in sustainable pet food ingredients 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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

The key market players operating in the Taiwan pet food ingredients market are Cargill Incorporated, BASF SE, Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Mowi ASA, Kemin Industries Inc., FirstMate Pet Foods, Singen Animal Health Industry Co. Ltd., Roquette Freres, Portland Pet Food Company, and others.

According to the Next Move Strategy Consulting, the size of the Taiwan pet food ingredients market is estimated to reach USD 1226.9 million by 2030.

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

The rising pet ownership and sustainable pet food ingredients drives the growth of the market.

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

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

popular
$2,575
$1,575
$3,875
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more