Pet Food Ingredients Market Summary
The global pet food ingredients market was valued at USD 60.48 billion in 2023 and is projected to reach USD 83.60 billion by 2030, expanding at a CAGR of 4.9% from 2024 to 2030. Market growth is primarily driven by the rising global adoption of pets and the increasing trend of pet humanization. The widespread shift toward work-from-home arrangements has significantly influenced consumer attitudes, encouraging pet owners to place greater emphasis on the nutritional quality and overall health of their pets.
The COVID-19 pandemic had a notably positive impact on the pet food ingredients industry. During this period, a surge in pet adoption was observed worldwide, leading to increased demand for pet food and related ingredients. Sales volumes rose sharply during the initial lockdown phases as consumers stocked up on essential supplies amid uncertainty regarding future availability. Additionally, extended time spent at home strengthened the bond between owners and pets, further accelerating the trend of treating pets as family members and prioritizing their dietary needs.
Growing awareness of pet-specific health and nutrition requirements continues to support market expansion. Pet owners are increasingly recognizing that animals require tailored nutrition depending on factors such as age, activity level, health condition, and lifestyle. Sedentary pets, spayed animals, pets with medical conditions, and highly active animals all require specialized diets. This heightened focus on personalized nutrition is driving demand for premium and functional pet food ingredients across global markets.
Manufacturers ranging from emerging start-ups to established pet food brands are actively launching innovative products and services, including human-grade fresh meals, smart activity monitoring devices, and medical diagnostic solutions. The rising pet humanization trend has led to the introduction of meals containing ingredients such as whole wheat, squash, and sweet potatoes. Animal-based ingredients continue to play a vital role in pet nutrition, offering benefits such as improved skin and coat health, cognitive support for aging pets, and enhanced digestive function. For example, Farmina, a leading global pet food manufacturer, produces a wide range of animal-based formulations using ingredients such as chicken, lamb, duck, and fish.
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Key Market Trends & Insights
Market Size & Forecast
Key Companies & Market Share Insights
The pet food ingredients market is highly competitive, with the presence of numerous global and regional players. Leading companies are adopting strategies such as partnerships, collaborations, mergers, acquisitions, and long-term agreements to strengthen their market position and expand their product portfolios.
Key Pet Food Ingredients Companies
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Conclusion
The global pet food ingredients market is expected to maintain steady growth through 2030, supported by rising pet adoption, increasing pet humanization, and growing awareness of specialized pet nutrition. The shift toward premium, functional, and human-grade ingredients reflects evolving consumer preferences and stronger emotional connections between pets and owners. With Asia Pacific leading market expansion and manufacturers continuously innovating to address pet health and wellness needs, the pet food ingredients market is positioned for sustained development over the forecast period.