The
unmistakable thrust on healthy pet food will have a lasting impact on
the global pet food ingredients market as well, finds a new report by
Transparency Market Research. The report is titled, ‘Pet Food
Ingredients Market - Global Industry Size, Market Share, Trends,
Analysis, and Forecast 2016 – 2024.’ The global pet food industry
is currently in a state of healthy growth and thus carries numerous
opportunities for the launch of innovative products. The trend of
natural and organic pet food, especially, will demand that pet food
ingredients manufacturers apply a greater degree of innovation in
their products.
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Pet
food comprises both plant- and animal-derived ingredients, including
but not limited to: fruits and vegetables, oilseeds, grains, meats,
minerals, and vitamins. Pet food ingredients need to either entirely
provide or supplement pet diets with carbohydrates protein, calcium,
and other important types of micronutrients. It may also consist of
essential fatty acids such as Omega 6 and Omega 3, both of which help
pets maintain a better digestive system and metabolism rate. With the
humanization of pets becoming a veritable trend worldwide, there is a
growing demand for high-quality pet food that contains fewer
synthetic ingredients and flavors.
Based
on product type, the report segments the global pet food ingredients
market into fruits and vegetables, vitamins and minerals, feed
additives and supplements, cereal grains and oils, animal
derivatives, and others. The report also studies the market dynamics
for pet food ingredients basis type of animal. Segmented thus, the
market is divided into: birds, cat, dog, rodent, rabbit, and others.
Geographically, the global pet food ingredients market in Europe,
North America, Asia Pacific, and Rest of the World is studied in the
report.
A
steady and unmistakable rise in the pet population across the world
has been identified as a leading driver for the growing sales of pet
food ingredients. With family sizes shrinking in traditionally
large-family centric societies in countries such as India and the
Middle East and Africa, more consumers now prefer to keep pets for
companionship. However, where proper veterinary care is not
available, consumers are hesitant about keeping pets as they can be
potential carriers of infections and diseases. However, the impact of
this restraint is expected to be alleviated to some extent because of
the improving veterinary healthcare infrastructure and greater
incomes at the disposal of consumers worldwide.
According
to the findings of the report, the growth of the global
pet food ingredients market is defined by the animal derivatives
segment. The United States has served as the growth engine for the
global pet food ingredients market. The key players in the global pet
food ingredients market are Colgate-Palmolive Co., Marc Inc., Procter
& Gamble Co., Nestle S.A., Nutriara Alimentos Ltda, and Agrolimen
SA.
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