Our comprehensive research on the Animal and Pet Nutrition Ingredients Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global animal and pet nutrition ingredients market size was US$ 35.1 billion in 2021. The global animal and pet nutrition ingredients market is forecast to grow to US$ 65.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Pet food is any plant or animal product, such as meat, that is used to feed animals. Pet food ingredients include fruits and vegetables, animal products and derivatives, grains and oilseeds, vitamins, and minerals. Pet food ingredients are high in calcium, fiber, protein, carbohydrates, and other minerals. Grains and veggies are frequently utilized in dog foods. Each component adds to the animals overall health in some way.
Factors Influencing the Market
The easy availability of pet food will considerably drive the demand for animal and pet nutrition ingredients during the forecast period. Furthermore, the growing trend of adopting dogs and cats will also contribute to the growth of the animal and pet nutrition ingredients market during the analysis period.
The rising awareness related to the health benefits of nutrition-rich pet foods will also contribute to the growth of the animal and pet nutrition ingredients market. In addition, the rising use of cannabis in pet food is growing will escalate the growth of the animal and pet nutrition ingredients. Anxiety-relieving cannabis-based food products are high in demand. These food products are also very helpful in relieving pain and allergies, which will benefit the animal and pet nutrition ingredients market during the forecast period.
However, non-uniform regulations may limit the growth of the animal and pet nutrition ingredients market during the forecast period.
The Asia-Pacific animal and pet nutrition ingredients market is forecast to record significant growth. The growth of the region is attributed to the increasing consumer spending on companion animal care. In addition, the rising disposable income and growing humanization tendency will also benefit the animal and pet nutrition ingredients market during the analysis period.
The growing customer preferences for natural products will escalate the growth of the animal and pet nutrition ingredients market. Apart from that, the highly developed food and beverage sector in the United States, Canada, and Mexico will benefit North Americas market for animal and pet nutrition ingredients during the analysis period.
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COVID-19 Impact Analysis
The COVID-19 pandemic significantly affected the supply chain of the animal and pet nutrition ingredients market. During the pandemic, the market witnessed various obstacles associated with the import and export of products. As a result, it hampered the growth of the animal and pet nutrition ingredients market during the pandemic.
Competitors in the Market
? Cargill, Incorporated (US)
? Archer Daniels Midland Company (US)
? BASF SE (Germany)
? DowDuPont Inc. (US)
? Darling Ingredients (US)
? Omega Protein Corporation (US)
? CHR. Hansen (Denmark)
? Roquette Freres (France)
? Sunopta (Germany)
? Lallemand (Canada)
? SARIA Group (Germany)
? Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Animal and Pet Nutrition Ingredients industry experienced notable growth in its workforce. Starting in January, employment within the Animal and Pet Nutrition Ingredients sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Animal and Pet Nutrition Ingredients output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sectors production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Animal and Pet Nutrition Ingredients output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Animal and Pet Nutrition Ingredients market, remains both its largest producer and consumer. Remarkably, Chinas market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nations GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Animal and Pet Nutrition Ingredients market.
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The global animal and pet nutrition ingredients market segmentation focus on Source, Pet, and Region.
? North America
o The U.S.
o The UK
o Rest of Western Europe
o Rest of Eastern Europe
? Asia Pacific
o Australia & New Zealand
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Animal and Pet Nutrition Ingredients Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Animal and Pet Nutrition Ingredients Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Animal and Pet Nutrition Ingredients Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Animal and Pet Nutrition Ingredients Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Animal and Pet Nutrition Ingredients market revenues, extending projections until 2031. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Animal and Pet Nutrition Ingredients market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Animal and Pet Nutrition Ingredients business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
? Assisting businesses in gauging the viability of new or existing products or services.
? Facilitating business enterprises in the identification and cultivation of novel market segments.
? Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
? Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
? Analyzing market trends to aid businesses in devising adaptive strategies.
? Guiding businesses in the optimal placement of their products.
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