According to a new market report published by Lucintel, the future of the pet food ingredient market looks promising with opportunities in the pet industry. The global pet food ingredient market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are increasing adoption of pets, growing awareness of the benefits of high quality pet food, rising demand for pet food, changing consumer lifestyle, increasing disposable income, and increasing trend of pet humanization.
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Pet foods are plant or animal materials intended for consumption by pets. In this market, dry and wet are the major forms of pet food ingredient. Lucintel forecasts that dry form will remain the largest form segment over the forecast period due to their popularity, cost-effective nature, low moisture content, and convenient handling during processing & storage.
Within this market, dogs will remain the largest pet segment over the forecast period due to increasing adoption of dogs in developed and developing economies.
Asia Pacific will remain the largest region over the forecast period due to increasing population, rising disposable income, growing humanization, and increased consumer spending on the care of companion animals.
Cargill, BASF, DuPont, Ingredion, and Archer Daniels Midland Company are among the major suppliers in the global pet food ingredient market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pet food ingredient market by ingredient, source, pet, form, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pet Food Ingredient Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pet food ingredient market by ingredient, source, pet, form, and region as follows:
By Ingredient [Value ($ Million) shipment analysis for 2014 – 2025]:
Cereals
Meat & Meat Products
Vegetables
Fruits
Fats
Additives
By Source [Value ($ Million) shipment analysis for 2014 – 2025]:
Animal-based
Plant-based
Synthetic
By Pet [Value ($ Million) shipment analysis for 2014 – 2025]:
By Form [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.