The increasing trend of humanization of pets and growing focus on pet health and wellness are the growth of the global Pet Food Ingredients market at a CAGR of 7.82% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “global Pet Food Ingredients market”that contains the information from 2018 to 2032.

The Pet Food Ingredients market is estimated to register a CAGR of 7.82% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Pet Food Ingredients market including Kemin Industries, Inc., BASF SE, Koninklijke DSM N.V., Archer Daniel Midlands Company, Cargill, Incorporated, Ingredion Incorporated, Biorigin, Impextraco NV, Alltech, and Vitablend Nederland B.V.

Pet Food Ingredients Market Highlights

The global Pet Food Ingredients market is accounted for to register a CAGR of 7.82% during the forecast period and is estimated to reach USD 94.31 billion by 2032.

Nowadays people think of their dog or cat as a member of the family, and that is driving an explosion in new businesses designed to pamper and protect those pets. Companies ranging from small startups to largest pet retailers are capitalizing on the pet humanization trend to sell new products and services ranging from human-grade fresh meals to fitness trackers to medical diagnostic tools. Pet spending soared during the pandemic, as 23 billion U.S. households adopted new pets. Pet-related spending jumped from $90 billion in 2018 to $123 billion in 2021, according to data collected by the American Pet Products Association. Also, before the pre-pandemic, pet spending had been trending upward, as more pet owners began to think of themselves as “pet parents” and showed they were willing to pay more for food, medical care, and supplies for their household animals. People are much more inclined to go to greater lengths to keep their dogs healthy. Humanization has been a trend for the last decade. This trend is particularly seen with Gen Z and millennial demographics. The humanization trend has given birth to numerous brands promoting human-grade meals for dogs and cats. Some of those meals are designed to look like what the human members of the family are eating, with ingredients such as whole wheat macaroni, sweet potatoes, and squash. According to the American Pet Products Association, Americans spent $287 Billion on dog food and $254 Billion on cat food last year, making food the second-largest spending category behind veterinary care. Just as pet owners increasingly are taking nutritional supplements designed to do everything from promoting better sleep to boosting the immune system and relieving anxiety, they’re also turning to natural remedies to improve the lives of their pets.

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Segment Analysis

The global Pet Food Ingredients market has been segmented based on category, ingredients, use-case, and distribution channel.

Based on category, the market is segmented into conventional and rendered. The conventional were attributed to holding the largest market share in 2023, with a market share of ~67.11% revenue, as estimated by MRFR analysts. This segment is expected to maintain its dominance through 2032, reaching a projected value of USD 62.15 billion. The vacuum cleaners segment leads the market in 2023, reflecting their indispensable role in maintaining clean environments. This segment is expected to maintain its dominance through 2032. The segment is driven by increasing demand for cleanliness and hygiene in both residential and commercial settings.

Based on ingredients, the global Pet Food Ingredients market has been segmented into AOX and antimicrobials. The AOX segment was expected to hold the largest market share in 2023, contributing around ~59.59% to the market revenue. AOX is an antioxidant that is added to pet food to prevent oxidation and extend shelf life. Oxidation can cause pet food to spoil and lose its nutritional value. AOX can be natural or synthetic. Natural AOX includes Mixed Tocopherols, Rosemary Extract, Green Tea, and Others. However Synthetic AOX includes Canthaxanthin, Butylated hydroxyanisole (BHA), Butylated hydroxytoluene (BHT), Ethoxyquin and Others.

Based on use case, the global Pet Food Ingredients market has been segmented into dog, cat, fish, and other food. The dog segment was expected to hold the largest market share in 2023, contributing around ~64.20% to the market revenue. Household spending on healthy dog food is increasing as the number of pets in the household increases and owners are more concerned about their dogs' health. Dogs are carnivores, so their diet is mainley meat based. The carbohydrate needs of dogs are very low, as the need for more nutritious and less starchy products has increased. Dry dog food is a favorite among owners around the world. It is beneficial in supporting a healthy oral system in dogs. In addition, it is more convenient and cost-effective than wet food in the market. Another advantage of this product is that it has a long shelf life and does not require refrigeration or special storage. Free food is another plus, and these factors are expected to drive the growth of the sector in the coming years.

Based on the distribution channel, the global Pet Food Ingredients market has been segmented into direct and indirect. The indirect was expected to hold the largest market share in 2023. Indirect store channels for pet food refer to distribution channels where the product passes through intermediaries or middlemen before reaching the end consumer. These intermediaries can include wholesalers, distributors, and retailers. Indirect channels are common in the pet food industry, and several distribution methods may be utilized to get pet food from manufacturers to consumers. These types of channels include retailers (specialty stores, grocery stores), E-Commerce stores, independent pet retailers, and various others.

Regional Analysis

The global Pet Food Ingredients market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North America consists of US, Canada, and Mexico. The Europe Pet Food Ingredients market comprises of UK, Germany, France, Italy, Spain, and Rest of Europe. The Pet Food Ingredients market in Asia-Pacific has been segmented into China, Japan, India, South Korea, and the rest of Asia-Pacific, and The South America consist of UAE, Saudi Arabia, South Africa, and Rest of the Middle East.

The Asia-Pacific region's Pet Food Ingredients market is expanding significantly, the surge in demand is attributed to the improving standards of living in countries like China, Japan, India, South Korea, and rest of Asia pacific. rising disposable incomes, and growing trends in pet ownership. With the rise and urbanization of the middle class in countries such as China, India, Japan and Korea, pet ownership and awareness of health and nutrition are on the rise. This has increased the demand for high-quality feed, with a focus on natural and premium products. Asia Pacific, with its burgeoning pet care industry and culturally diverse consumer base, is poised to play an important role in shaping the future trajectory of the global pet food ingredients market.

The North America is expected to secure the largest market share. The demand for Pet Food Ingredients has been pushed up by the expansion of urbanization and infrastructure projects. Due to its vast and diversified economy, the United States’ Pet Food Ingredients market is projected to grow at a CAGR of 8.08% during 2024-2032. The region has a strong and extensive pet care market driven by a large and dedicated population of pet owners. The North American market is characterized by discerning consumer preferences, affordability, an emphasis on natural foods, and a greater focus on animal health and welfare. The trend to humanizing pets has created a demand for high-quality, nutritionally rich pet food ingredients, resulting in a surge in specialty and therapeutic diets. This consumer emphasis on clean labels and recognizable, transparent ingredient lists has led to innovations in natural antioxidants, proteins, and functional ingredients. Following laws that ensure product safety and compliance with industry standards contributes to the region's reputation for quality and reliability.

In Europe, the market shows prospects for substantial growth with a regional CAGR of 7.02% between 2024 and 2032. European consumers exhibit a strong inclination towards natural and sustainably sourced pet food ingredients, contributing to a notable demand for clean label products. The market reflects a growing awareness of animal nutrition and a focus on functional foods that address specific health concerns. European regulatory authorities maintain strict standards to ensure the safety and quality of pet food, fostering consumer trust in the products available.

Key Findings of the Study

• The global Pet Food Ingredients market is expected to reach USD 94.31 billion by 2032, at a CAGR of 7.82% during the forecast period.


• The North America region accounted for the fastest-growing global market, as it has region's large manufacturing and logistics industries.


• Based on category, the conventional was attributed to holding the largest market in 2023, with an approximate market share of 67.11%.


• The key players in the market Kemin Industries, Inc., BASF SE, Koninklijke DSM N.V., Archer Daniel Midlands Company, Cargill, Incorporated, Ingredion Incorporated, Biorigin, Impextraco NV, Alltech, and Vitablend Nederland B.V.