North America Pet Food Ingredients Market Size, Share, Growth Analysis

Posted 2024-02-05 06:48:42

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"The North America Pet Food Ingredients Market analysis report offers the latest, comprehensive, and up-to-date market information, presenting valuable data through different types of charts and graphs where applicable for a clearer understanding of complex information. In this fast-paced industry, market research, or secondary research, proves to be the most effective way to swiftly collect information for businesses. This market report serves a crucial role in facilitating better decision-making, enabling businesses to stay ahead of the competition. The North America Pet Food Ingredients Market analysis report is truly the backbone for every business aspiring to thrive in the market.

The successful North America Pet Food Ingredients Market research report places emphasis on global key manufacturers, market definition, description, and analysis of the market competition landscape, employing tools such as SWOT analysis. The report also sheds light on Growth Opportunity Assessment (GOA), Customer Insights (CI), Competitive Business Intelligence (CBI), and Distribution Channel Assessment (DCA). Therefore, the report stands as a reliable solution to business challenges and problems, providing businesses with significant benefits by bringing the market and competitive landscape into clear focus, aiding in better decision-making.

The augmented rate of pet ownership worldwide, particularly in emerging region such as North America will likely to enhance the market growth rate during the forecast period. The market is growing faster due to the increasing pet humanization and urbanization, encouraging pet owners to choose healthy foods and food ingredients for their animals. For instance, according to the Health for Animals Association analysis, more than 500 million families in the United States alone have over half a billion cats and dogs. In addition, in the U.S., approximately 70 percent of households owned a pet as of 2021, compared to 68% in 2016.

Data Bridge Market Research analyses that the pet food ingredients market was valued at USD 1636.61 million in 2022 and is expected to reach USD 2708.58 million by 2030, registering a CAGR of 6.50% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Explore Further Details about This Research North America Pet Food Ingredients Market Report https://www.databridgemarketresearch.com/reports/north-america-pet-food-ingredients-market

North America Pet Food Ingredients Market Scope and Segmentation

REPORT METRIC	DETAILS
Forecast Period	2023 - 2030
Base Year	2022
Historic Years	2021 (Customizable to 2015 - 2020)
Quantitative Units	Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered	Ingredient Type (Meat and Meat Products, Cereals, Vegetable and Fruits, Fats, Additives), Form (Dry, Liquid), Product Type (Original, Blended), Animal (Dog, Cat, Fish, Bird, Rabbit, Others), Source (Animal Based, Plant-Derivatives, Synthetic), Nature (Organic, Inorganic)
Countries Covered	U.S., Canada and Mexico in North America
Market Players Covered	ADM (U.S.), DuPont (U.S.), Barentz (Netherlands), The Peterson Company (U.S.), BASF SE (Germany), DSM (Netherlands), Ingredion. (U.S.), Cargill, Incorporated. (U.S.), Kerry Group plc. (Ireland), The Scoular Company (U.S.), Balchem Inc. (U.S.), Roquette Frères (France), Darling Ingredients (U.S.), Omega Protein (U.S.), Tate & Lyle (U.K.), Chr. Hansen Holding A/S (Denmark), American Dehydrated Foods Inc. (U.S.), APS Phoenix LLC (U.S.), BIORIGIN APS (U.S.), LaBudde Group Inc. (U.S.)
Market Opportunities	Rise in regulations and standardizations Rise in the number of emerging markets Growing number of research and development activities

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Market Definition

Pet food ingredients are those ingredients which obtained from animal and plant products such as cereals, maize, meat, and others. These ingredients deliver important nutrients required for the development and proper functioning of the animal body. The pet food ingredients mainly include those pet meals that enhance the nutritional content and allow pets to meet their daily dietary requirements. Pet food ingredients provide a rich source of minerals and vitamins and increase the safety parameters.

North America Pet Food Ingredients Market Dynamics

Drivers

Shifting lifestyle and trends

The increasing urbanization and growing disposable income will drive the market's growth rate. Moreover, growing use of enhanced contents and growing infrastructure investments to provide rich quality content of the pet meals improved the growth rate of targeted market. Also, the rising health consciousness for pets among the owners is major factor that further boosts the market’s growth. Moreover, the increasing innovations in the direct choices within North America is also expected to propel the growth of the market during the forecast period.

Increasing expenditure and pet population

The growth of the market has been registered by growing expenditure by pet owners and increasing pet population. For instance, as per the analysis of APPA, pet expenditures upraised from USD 53.3 billion in 2012 to USD 123.6 billion 2019. Therefore, the increase in pet food expenditure and the growing domestication of animals in the region and all over the globe are some of the major factors which is expected to impel the growth of the market during the forecast period.

Opportunities

Rise in regulations and standardizations

The rising number of standardizations and regulations will create immense and new opportunities for the market’s growth rate. For instance, the Federal Food, Drug and Cosmetic Act (FFDCA) of 1938 states that, animal food needs to be more effective and safe with enhanced mineral-rich and vitamin quality content and also to be formed in sanitary circumstances. The Food Safety Modernisation Act (FSMA) introduced some guidelines related to the sterilization, certification and labeling of the food products. Furthermore, increase in strategic collaborations and emerging several new markets will also act as major drivers and further increase beneficial opportunities for market growth.

Radical conclusions of the report:

Industry overview with a futuristic perspective
Analysis of production costs and analysis of the industrial chain
Full regional analysis
Benchmarking the competitive landscape
North America Pet Food Ingredients Market growth trends; current and emerging
Technological developments and products
Comprehensive coverage of market factors, restraints, opportunities, threats, limitations, and outlook for the Market
SWOT Analysis, Porter's Five Forces Analysis, Feasibility Analysis, and ROI Analysis

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