Product Code: MRFR/AGR/0996-CR
Market Overview
Pet Food Market CAGR of 6.10% during the forecast period. Rising pet reception and developing use on pet food and care are not many of the key market drivers improving the market development.
The most famous strategy for getting another pet will be pet reception. Reception is in every case more reasonable than buying a little dog from a pet store or tracking down a cat from a litter. Embracing pets' outcomes in not so much pressure but rather more reserve funds.
Furthermore, the development of the general pet food market is probable basically determined by internet business. This began sooner than the pandemic and has gotten a move on since. Sprinkle likewise gave information showing that 40% of American pet proprietors said the pandemic expanded their web-based pet item shopping and that since the pandemic, the level of proprietors who purchase pet items solely or consistently online has expanded to 18%, up from 7% before the pandemic. The greatest online business webpage, Amazon, has seen a huge expansion in deals of pet food and different embellishments.
Besides, interest for the item is expected to build because of the developing pattern of canine reception as a family pet. With regards to acculturating pets, canines specifically are seeing a vertical pattern. The quantity of individuals who own canines and feed them upscale food has expanded the interest in pet food.
Market Segmentation
The Pet Food Market segmentation, based on pet type, includes cats, dogs, fish, and others. Based on product type the market is divided into dry food, wet food, and snacks & treats. The Market data has been bifurcated by distribution channels into store-based and non-store-based.
Regional Insights
Asia-Pacific Pet Food market represented USD 43.9 billion out of 2022 and is supposed to display a critical CAGR development during the review time frame. The rising interest for top of the line canine food is at fault for the provincial market development. As per the Alltech Global Feed Study, Asia Pacific saw a 3% expansion in pet food creation in 2021.
In India, really focusing on pets and possessing them is an exceptionally metropolitan peculiarity. Thus, the pace of urbanization fundamentally affects the market's development. Framework changes throughout the course of recent years demonstrate an extremely sure and fast development toward this path.
The North America Pet Food Market is held the second biggest market in 2022. The developing purchaser attention to the constructive outcomes on pet wellbeing and the pattern toward the refinement of pets are the principal drivers of the provincial interest for pet food. It is likewise guessed that the rising millennial pattern of pet reception will uphold market extension.
Europe Pet Food market represents the third-biggest market share because of the developing pet like felines and canines' reception and developing use on pet consideration. The European Pet Food Industry Alliance (FEDIAF) gauges that more than 80 million families in Europe have something like one pet.
Major Players
The major players Pet Food market Cargill Incorporated (US), Archer Daniels Midland Company (US), BASF SE (Germany), DuPont (US), and Ingredion Incorporated (US) are spending on research and development activities.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 OVERVIEW
- 3.2 DATA FLOW
- 3.2.1 DATA AGRICULTURE PROCESS
- 3.3 PURCHASED DATABASE:
- 3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
- 3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
- 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 TRADE ANALYSIS APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
- 3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
- 3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
- 3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 INCREASING TREND OF HUMANIZATION OF PETS
- 4.2.2 GROWING FOCUS ON PET HEALTH AND WELLNESS
- 4.2.3 RISE IN PET OWNERSHIP
- 4.3 RESTRAINTS
- 4.3.1 HIGH PRICE OF THE RAW MATERIAL AND THE PET FOODS
- 4.3.2 LIMITED AVAILABILITY OF INGREDIENTS
- 4.4 OPPORTUNITY
- 4.4.1 SHIFT IN FOCUS TOWARD NATURAL AND GRAIN-FREE PRODUCTS
- 4.4.2 INCREASED DEMAND FOR NATURAL, HIGH-QUALITY INGREDIENTS ALIGNING WITH PET OWNER PREFERENCE
- 4.5 CHALLENGES
- 4.5.1 REGULATORY CHALLENGES
- 4.5.2 THREAT FROM COUNTERFEIT PRODUCTS
- 4.6 STRATEGIC INSIGHTS
- 4.6.1 TECHNOLOGY UPDATE
- 4.6.2 REGIONAL MARKET TO LOOKOUT FOR
- 4.7 REGULATORY UPDATE
- 4.8 MARKET TRENDS
- 4.9 IMPACT ANALYSIS OF COVID-19
- 4.9.1 IMPACT ON THE OVERALL SNACKS INDUSTRY
- 4.9.2 IMPACT ON THE GLOBAL PET FOOD INGREDIENTS MARKET
- 4.9.3 IMPACT ON THE SUPPLY CHAIN OF PET FOOD INGREDIENTS
- 4.9.4 IMPACT ON THE MARKET DEMAND FOR PET FOOD INGREDIENTS
- 4.9.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
- 4.9.4.2 CONSUMER SENTIMENTS
- 4.9.5 IMPACT ON THE PRICE OF PET FOOD INGREDIENTS
- 4.9.6 IMPACT ON THE CONSUMER BEAVIOUR ANALYSIS
5 MARKET FACTOR ANALYSIS
- 5.1 VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL
- 5.1.2 MANUFACTURING/PRODUCTION/PROCESSING
- 5.1.3 PACKAGING
- 5.2 SUPPLY CHAIN ANALYSIS
- 5.2.1 PARTICIPANTS (AT DIFFERENT NODES)
- 5.2.1.1 RAW MATERIAL SUPPLIERS
- 5.2.1.2 MANUFACTURERS
- 5.2.1.3 DISTRIBUTOR
- 5.2.1.4 END USE INDUSTRIES
- 5.2.2 INTEGRATION LEVELS
- 5.2.3 KEY ISSUES ADDRESSED (KEY SUCCESS FACTORS)
- 5.3 PORTER'S FIVE FORCES MODEL
- 5.3.1 BARGAINING POWER OF SUPPLIERS
- 5.3.2 BARGAINING POWER OF BUYERS
- 5.3.3 THREAT OF NEW ENTRANTS
- 5.3.4 THREAT OF SUBSTITUTES
- 5.3.5 INTENSITY OF RIVALRY
- 5.4 PRICING ANALYSIS ON GLOBAL NON-GMO TOCOPHEROL AND ROSEMARY EXTRACT, 2020-2025, USD PER KG
6 GLOBAL PET FOOD INGREDIENTS MARKET, BY CATEGORY
- 6.1 INTRODUCTION
- 6.2 CONVENTIONAL
- 6.3 RENDERED
7 GLOBAL PET FOOD INGREDIENTS MARKET, BY INGREDIENT
- 7.1 AOX
- 7.2 ANTIMICROBIAL
8 GLOBAL PET FOOD INGREDIENTS MARKET, BY USE-CASE
- 8.1 INTRODUCTION
- 8.2 DOG FOOD
- 8.3 CAT FOOD
- 8.4 FISH FOOD
- 8.5 OTHERS
9 GLOBAL PET FOOD INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL
- 9.1 INTRODUCTION
- 9.2 INDIRECT
- 9.3 DIRECT
10 GLOBAL PET FOOD INGREDIENTS MARKET, BY REGION
- 10.1 OVERVIEW
- 10.2 NORTH AMERICA
- 10.2.1 U.S.
- 10.2.2 CANADA
- 10.2.3 MEXICO
- 10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 FRANCE
- 10.3.3 UK
- 10.3.4 SPAIN
- 10.3.5 ITALY
- 10.3.6 REST OF EUROPE
- 10.4 ASIA-PACIFIC
- 10.4.1 CHINA
- 10.4.2 INDIA
- 10.4.3 JAPAN
- 10.4.4 SOUTH KOREA
- 10.4.5 REST OF ASIA-PACIFIC
- 10.5 SOUTH AMERICA
- 10.5.1 BRAZIL
- 10.5.2 ARGENTINA
- 10.5.3 REST OF SOUTH AMERICA
- 10.6 MIDDLE EAST & AFRICA
- 10.6.1 GCC COUNTRIES
- 10.6.2 TURKEY
- 10.6.3 NORTHERN AFRICA
- 10.6.4 SOUTHERN AFRICA
11 COMPETITIVE LANDSCAPE
- 11.1 INTRODUCTION
- 11.2 COMPETITION DASHBOARD
- 11.3 COMPAY MARKET SHARE ANALYSIS, 2022
- 11.4 WHO ARE THE MARKET DISRUPTORS & INNOVATORS?
- 11.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS?
- 11.6 COMPETITIVE BENCHMARKING
- 11.7 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL PET FOOD INGREDIENTS MARKET
- 11.8 LIST OF KEY PLAYERS, BY REGION
- 11.9 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022
- 11.10 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.10.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
- 11.10.2 CAPACITY EXPANSION
- 11.10.3 INVESTMENT
- 11.10.4 AGREEMENT/ACQUISITION/PARTNERSHIP
12 COMPANY PROFILES
- 12.1 KEMIN INDUSTRIES, INC.
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGY
- 12.2 BASF SE
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGY
- 12.3 KONINKLIJKE DSM N.V.
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGY
- 12.4 ARCHER DANIEL MIDLANDS COMPANY
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGY
- 12.5 CARGILL, INCORPORATED
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGY
- 12.6 INGREDION INCORPORATED
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGY
- 12.7 BIORIGIN
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGY
- 12.8 IMPEXTRACO NV
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGY
- 12.9 ALLTECH
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGY
- 12.10 VITABLEND NEDERLAND B.V.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGY