Global Pet Food Ingredient Market is expected to reach $65.99 billion by growing at a CAGR of 7.5% during 2018 to 2027.

Some of the key players in global Pet Food Ingredient market are DowDuPont Inc., Omega Protein Corporation, Ingredion Incorporated, SARIA Group, Colgate-Palmolive Co., Nestle SA, BASF SE, Proctor & Gamble Co., Blue Buffalo Co., Ltd, Spectrum Brands / United Pet Group and Pedigree.

Gaithersburg, Maryland, United States – December 3, 2019 /MarketersMedia/ —

Some of the key factors influencing the market growth include acceptance of insect-based protein and oil by pets and increase in pet population and pet adoption. However, non-uniformity of regulations is hindering the market growth.

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Pet food is basically a plant or animal driven product made for the consumption of pet animals. It is usually specific to the type of animal i.e dog food or cat foods are different. The development of the pet food ingredient has encouraged due to the emerging awareness in pet nutrition which included benefits of minerals, omega-3 fatty acids, and fibers among others in pet food.

Based on the form, the dry segment is going to have a lucrative growth during the forecast period. The dry form is used more widely in pet food products, and their popularity can be attributed to their cost-effective nature and low moisture content, which facilitates convenient handling during processing and storage.

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By Geography, Europe is likely to have a huge demand due to he increase in the sale of pet food products in countries such as Brazil. Argentina is the fastest-growing pet food market attributed to increased consumer spending and consumer awareness, despite inflation.

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Forms Covered:
• Wet/Canned food
• Dry food

Ingredients Covered:
• Vegetables
• Meat & Meat Products
• Additives
• Fats
• Cereals

Sources Covered:
• Plant Derivatives
• Synthetic
• Animal Derivatives

Pets Covered:
• Cat
• Fish
• Dog
• Other Pets

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-pet-food-ingredient-market-is-expected-to-reach-6599-billion-by-growing-at-a-cagr-of-75-during-2018-to-2027/88937050

Source: MarketersMedia

Release ID: 88937050

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