Pet Food Ingredients Market Worth $53.2 Billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, July 9, 2020 /PRNewswire/ --  According to the new market research report "Pet Food Ingredients Market by Ingredient (Cereals, Meat & Meat Products, Vegetables, Fruits, Fats, and Additives), Source (Animal-based, Plant-based, and Synthetic), Pet (Dog, Cat, and Fish), Form (Dry and Liquid), and Region - Global Forecast to 2025", published by MarketsandMarkets, the global Pet Food Ingredients Market size is projected to reach USD 53.2 billion by 2025, which was estimated at USD 38.6 billion in 2020; it is expected to grow at a CAGR of 6.6% from 2020. Factors such as rise in the disposable income of the middle-class population have led to an increase in the spending capacity on pets. Pets are treated as companions to the owners, and increasing health concerns of their pets have encouraged them to opt for premium pet food products. Pet owners prefer buying high-quality and differentiated food products for their pets to provide them nutrition and variety in pet food. Furthermore, the expansion of pet superstores has made premium and super-premium pet food easily accessible.

Browse in-depth TOC on "Pet Food Ingredient Market"

 173 – Tables
 67 – Figures
234 – Pages

The deboned meat & meat meal segment is estimated to account for the large share, in meat & meat products segment, by ingredient

The pet food ingredients market, by ingredient, is segmented into cereals, vegetables, fruits, fats, meat & meat products, and additives. These segments are further sub-segmented into the commonly used ingredients in pet food. The pet food industry is reliant on these ingredients for commercial pet food manufacturing, to formulate nutritionally balanced and complete pet food as per the varying nutritional needs among different pet species. The majority of these ingredients is by-products of food products manufactured for human consumption, and thus prove to be an economical solution for pet food manufacturers.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=147

One of the emerging trends in the pet food industry is the incorporation of insects, as they are an excellent source of protein. Additionally, vegan and grain-free pet food products have been gaining popularity in the pet food industry. These trends are expected to increase the popularity of different fruits & vegetables in pet food to provide varied taste, texture, and flavor.