Industry: Retail and Consumer | Publish Date: 18-Nov-2024 | No of Pages: N/A | No. of Tables: 85 | No. of Figures: 55 | Format: PDF | Report Code : RC2822
The U.S. Pet Food Ingredients Market size was valued at USD 10.71 billion in 2023, and is predicted to reach USD 17.99 billion by 2030, at a CAGR of 7.2% from 2024 to 2030. In terms of volume the market size was 2306.51 kilotons in 2023 and is projected to reach 3139.98 kilotons in 2030, with a CAGR of 4.1% from 2024 to 2030.
The pet food ingredients market refers to the production and distribution of essential raw materials required for formulating pet foods that meet the nutritional demands of diverse animal species. These ingredients originate from both plant and animal sources, providing essential nutrients including proteins, carbohydrates, fats, vitamins, and minerals.
The techniques such as grinding and blending are used to enhance both the nutritional value and flavor of these ingredients, ensuring they effectively address the specific dietary and health needs of pets and promoting their overall health and well-being. The companies operating in this industry focus on utilizing high-quality ingredients and ensuring transparency in their supply chains that not only elevates product quality but also raises consumer loyalty.
Consequently, these practices contribute in the expansion of the pet food ingredients market as pet owners increasingly seek out nutritious and premium options for their animals.
The surge in pet ownership throughout the U.S. and the rising trend of treating pets as family members are significantly fuels the demand for premium pet food ingredients. Pet owners increasingly value higher-quality and natural ingredients to ensure optimal nutrition for their pets. This shift plays an important role in the growth of the pet food ingredients market. According to the American Pet Products Association, 82 million households in the U.S. own a pet in 2024.
This substantial increase in pet ownership directly influences the expansion of the pet food ingredients market and thereby, encouraging manufacturers to respond proactively to the evolving preferences and nutritional needs of pet owners. As a result, the emphasis on developing high-quality products that align with these demands indicates a broader aspect towards better pet care and overall well-being.
The increasing spending on pet food in the region drives the growth of the pet food ingredients market as owners prioritize premium and nutritious options for their animals. This change has led to a greater demand for superior ingredients that supply essential nutrients and fulfill specific dietary requirements, highlighting an increased emphasis on pet health and wellness.
According to the American Pet Products Association, total expenditures within the U.S. pet industry reached USD 147 billion in 2023. The increasing significance of high-quality pet food ingredients is evident in addressing the evolving preferences of pet owners, with a growing emphasis on nutrition and health in their purchasing decisions.
The stringent regulations set by the FDA and AAFCO impose limitations on ingredient diversity, making it difficult for manufacturers to innovate and meet the needs of niche markets. These regulations require companies address to specific guidelines regarding ingredient sourcing, formulation, and labeling that reduce creativity and restrict the development of unique or specialized products.
Consequently, manufacturers find it difficult to differentiate their offerings in a competitive landscape that ultimately slows the market’s expansion.
The incorporation of sustainable protein sources such as egg-derived proteins, tofu byproducts, black soldier flies, and silkworms is expected to open up fresh opportunities within the market. These alternatives gains recognition for their superior nutritional benefits and lower environmental impact compared to conventional proteins such as beef and pork.
Egg proteins and tofu remnants not only provide essential nutrients but also contribute to reducing food waste. Furthermore, insect proteins sourced from black soldier flies and silkworms offer an effective method of protein production, presenting organic options in the pet food ingredient sector.
The various market players operating in the U.S. Pet Food Ingredients market includes 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, Kemin Industries, Inc., 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
Darling Ingredients Inc.
The Scoular Company
Roquette Freres
Kemin Industries Inc.
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 10.71 Billion |
Revenue Forecast in 2030 |
USD 17.99 Billion |
Growth Rate |
CAGR of 7.2% from 2024 to 2030 |
Market Volume in 2023 |
2306.51 Kilotons |
Volume Forecast in 2030 |
3139.98 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 |
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. |