Global Pet Food Flavors and Ingredients Market Size, Trends and Growth Opportunity, By Product Type (Flavors and Palatability Enhancer, Mold Inhibitors, Antimicrobials, Pellet Binder, Enzymes, Amino Acid, Feed Acidifiers, Probiotics, Vitamins, Nitrogen, Phytogenic, Carotenoids, Trace Minerals, Antioxidants, Mycotoxin Binders, Cocolorants, Preservatives, and others), Pet Food Type (Dog Food, Cat Food, Aqua Pets Food, Birds Food, and Others), Source (Animal Based, Plant Based, Yeast, and Others), Form (Dry and Liquid), Functionality (Preservation, Processing, Nutrition, and Others), Category (Organic and Conventional), Distribution Channel (Direct and Indirect) By Region and forecast till 2027.
Global Pet Food Flavors and Ingredients Market
The global Pet Food Flavors and Ingredients Market was valued at USD 30.56 billion in 2021 and is slated to reach USD 44.5 billion by 2027 at a CAGR of 7.2 % from 2022-2027.
Pet food is food designed specifically for domestic animals' nutritional needs. Pet food is a plant or animal product, such as meat, that is consumed by pets. Pet food contains fruits and vegetables, animal products, grains and oilseeds, vitamins, and minerals. Vitamins, fiber, protein, carbohydrates, and calcium are abundant in pet food ingredients. Grains and vegetables are commonly used in dog food. Each component is necessary for the animal's body to be enriched. Meat has a high protein content, and it also adds flavor to food. Many ingredients, including meat, poultry, and grains, are thought to be safe and do not need premarket approval. Omega-3 and omega-6 fatty acids, which are required for animal metabolism and digestion, are also produced. To balance pet nutrition, pet food manufacturers use a variety of ingredients.
Market Drivers
The global pet food flavor ingredients market is expected to grow rapidly due to increased pet adoption, rising pet care expenditure, rising demand for insect-based pet food, and a thriving pet food market. The pet industry has expanded rapidly in recent years. Approximately 85 million households, or 68% of all households, now own a pet, up from 56% in the previous 30 years, according to the American Pet Products Association. Some of the changes in pet ownership can be attributed to the introduction of technology and online shopping. Many people have been forced to stay at home for extended periods due to the effects of COVID-19, either due to shelter-in-place orders or work-from-home advice. Soon after, the amount of time spent at home increased, and pet shelters registered adoptions and fosters. The number of pets in the world has increased significantly since the COVID-19 pandemic. Furthermore, emerging pet food ingredients market trends, such as the growing popularity of premium foods across the country, are driving the growth of the pet food flavors and ingredients market, and this trend is expected to continue throughout the forecast period. Pet owners are coming to believe that personalization is a right, not a privilege, and the ability of pet owners to have a say in what they buy has had an impact on the pet food industry. Nowadays, pet owners are willing to pay more for specialized pet food items that satisfy the unique dietary needs of their animals. When age differences between pet owners are taken into account, young pet owners are expected to pay more for customized treats/pet foods than older pet owners. This demonstrates that the trend towards customization is expected to continue as younger shoppers embark on their pet-parenting journey and gain purchasing power.
Market Restraints
To guarantee pet food safety and safeguard pets and their owners, government organizations, pet food manufacturers, and veterinarians all must work together. The role that manufacturers play in producing safe foods, recent federal legislation affecting pet food safety, veterinarians' roles in spotting potential illnesses linked to pet food, reporting suspected cases, and educating pet owners about pet food safety are all important topics for veterinarians to be aware of. Because pet food production must be extremely safe, several associations and governments have established strict standards that manufacturers must follow, particularly in Western countries. Strict oversight of pet food, from ingredients to production and sales to distribution, as well as market rigidity, may deter large companies from investing in the sector, stifling growth in the Global pet food flavors and ingredients market in the coming years.
Impact of COVID-19
The COVID-19 pandemic has had a moderately positive impact on the market for pet food flavors and ingredients. The number of pets adopted worldwide has increased significantly since the outbreak of the COVID-19 pandemic. This increase in pet adoption is acting as a catalyst for market growth. Multiple R&D activities, product launches, and strategic partnerships are being conducted by the players to improve the technology and test results involved in the pet food flavors and ingredients market.
Recent Developments
Kerry Group Plc, the world's leading taste and nutrition company, will inaugurate a new 21,500-square-foot state-of-the-art facility at its Jeddah operation in the Kingdom of Saudi Arabia in January 2022. Over the last four years, the company has invested more than EUR 80 million in the region, and this new facility, Kerry's largest in the Middle East, North Africa, and Turkey (MENAT) region, is one of the most modern and efficient in the world, producing great tasting, nutritious, and sustainable food ingredients that will be distributed throughout the Middle East. This has aided the company's growth.
In November 2022, ADM will publish its third annual outlook on the consumer trends that will influence the food, beverage, and animal nutrition sectors and propel market expansion. By examining the confluence of health and well-being, sustainability, and food security, ADM has identified eight spaces that detail consumers' evolving behaviors, attitudes, and aspirations. The eight areas serve as innovation's anchor points, bringing about a fresh wave of goods and services in 2023. This has helped the business increase the variety of its products.
Market Segmentation
The global Pet Food Flavors and Ingredients Market is segmented By Product Type, Pet Food Type, Source, Form, Functionality, Category, and Distribution Channel. Product Types such as Flavors and Palatability Enhancer, Mold Inhibitors, Antimicrobials, Pellet Binder, Enzymes, Amino Acid, Feed Acidifiers, Probiotics, Vitamins, Nitrogen, Phytogenic, Carotenoids, Trace Minerals, Antioxidants, Mycotoxin Binders, Cocolorants, Preservatives, and others. By Pet Food Type such as Dog Food, Cat Food, Aqua Pets Food, Birds Food, and Others. By Sources such as Animal Based, Plant Based, Yeast, and Others. By Forms such as Dry and Liquid. By Functionality such as Preservation, Processing, Nutrition, and Others. By Categories such as Organic and Conventional. By Distribution Channel such as Direct and Indirect.
Regional Analysis
Global Pet Food Flavors and Ingredients Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the presence of key market players in the largest consumer market with a high GDP, Europe is expected to dominate the global pet food flavors and ingredients market in 2023. The United States is expected to grow as a result of its cutting-edge food technology and inventions in pet food flavors and ingredients. The United Kingdom dominates the Europe region as a result of mass production of pet food flavors and ingredients, rising demand from emerging markets, and the expansion of pet food industries. Due to a rapid increase in pet owners and pet health awareness, China dominates the Global region.
Key Players
This report includes a list of numerous Key Players, namely Glanbia Plc, Balchem Inc., Ingredion, The Scoular Company, Roquette Frères, The Peterson Company, Omega Protein Corporation, International Flavors & Fragrances Inc., DSM, Symrise, Kemin Industries, Inc. and its group of companies, Chr. Hansen Holding A/S, Barentz, and Lallemand Inc.
Market Taxonomy
By Product Type
• Flavors and palatability enhancer
• Mold inhibitors
• Antimicrobials
• Pellet binder
• Enzymes
• Amino acid
• Feed acidifiers
• Probiotics
• Vitamins
• Nitrogen
• Phytogenic
• Carotenoids
• Trace minerals
• Antioxidants
• Mycotoxin binders
• Colorants
• Preservatives
• Others
By Pet Food Type
• Dog food
• Cat food
• Aqua pet food
• Birds food
• Others
By Source
• Animal-based
• Plant-based
• Yeast
• Others
By Form
• Dry
• Liquid
By Functionality
• Preservation
• Processing
• Nutrition
• Others
By Category
• Organic
• Conventional
By Distribution Channel
• Direct
• Indirect
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Pet Food Flavors and Ingredients Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Pet Food Flavors and Ingredients Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Pet Food Flavors and Ingredients Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Pet Food Flavors and Ingredients Market Share Analysis, By Product Type
5.3 Global Pet Food Flavors and Ingredients Market Size and Forecast, By Product Type
5.3.1Internal Fixators Devices
5.3.1. Flavors and palatability enhancer
5.3.2 Mold inhibitors
5.3.3 Antimicrobials
5.3.4 Pellet binder
5.3.5 Enzymes
5.3.6 Amino acid
5.3.7 Feed acidifiers
5.3.8 Probiotics
5.3.9 Vitamins
5.3.10 Nitrogen
5.3.11 Phytogenic
5.3.12 Carotenoids
5.3.13 Trace minerals
5.3.14 Antioxidants
5.3.15 Mycotoxin binders
5.3.16 Cocolorants
5.3.17 Preservatives
5.3.18 Others
6 Global Pet Food Flavors and Ingredients Market, By Pet Food Type
6.1 Y-o-Y Growth Comparison, By Pet Food Type
6.2 Global Pet Food Flavors and Ingredients Market Share Analysis, By Pet Food Type
6.3 Global Pet Food Flavors and Ingredients Market Size and Forecast, By Pet Food Type
6.3.1 Dog food
6.3.2 Cat food
6.3.3 Aqua pet food
6.3.4 Birds food
6.3.5 Others
7 Global Pet Food Flavors and Ingredients Market, By Source
7.1 Y-o-Y Growth Comparison, By Source
7.2 Global Pet Food Flavors and Ingredients Market Share Analysis, By Source
7.3 Global Pet Food Flavors and Ingredients Market Size and Forecast, By Source
7.3.1 Animal based
7.3.2 Plant based
7.3.3 Yeast
7.3.4 Others
8 Global Pet Food Flavors and Ingredients Market, By Form
8.1 Y-O-Y Growth Comparison, By Form
8.2 Global Pet Food Flavors and Ingredients Market Share Analysis, By Form
8.3 Global Pet Food Flavors and Ingredients Market Size and Forecast, By Form
8.3.1 Dry
8.3.2 Liquid
9 Global Pet Food Flavors and Ingredients Market, By Functionality
9.1 Y-O-Y Growth Comparison, By Functionality
9.2 Global Pet Food Flavors and Ingredients Market Share Analysis, By Functionality
9.3 Global Pet Food Flavors and Ingredients Market Size and Forecast, By Functionality
9.3.1 Preservation
9.3.2 Processing
9.3.3 Nutrition
9.3.4 Others
10 Global Pet Food Flavors and Ingredients Market, By Category
10.1 Y-O-Y Growth Comparison, By Category
10.2 Global Pet Food Flavors and Ingredients Market Share Analysis, By Category
10.3 Global Pet Food Flavors and Ingredients Market Size and Forecast, By Category
10.3.1 Organic
10.3.2 Conventional
11 Global Pet Food Flavors and Ingredients Market, By Distribution Channel
11.1 Y-O-Y Growth Comparison, By Distribution Channel
11.2 Global Pet Food Flavors and Ingredients Market Share Analysis, By Distribution Channel
11.3 Global Pet Food Flavors and Ingredients Market Size and Forecast, By Distribution Channel
11.3.1 Direct
11.3.2 Indirect
12Global Pet Food Flavors and Ingredients Market, By Region
12.1 Global Pet Food Flavors and Ingredients Market Share Analysis, By Region
12.2 Global Pet Food Flavors and Ingredients Market Share Analysis, By Region
12.3 Global Pet Food Flavors and Ingredients Market Size and Forecast, By Region
13 North America Pet Food Flavors and Ingredients Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 North America Pet Food Flavors and Ingredients Market Share Analysis, By Product Type
13.3 North America Pet Food Flavors and Ingredients Market Size and Forecast, By Pet Food Type
13.4 North America Pet Food Flavors and Ingredients Market Size and Forecast, By Source
13.5 North America Pet Food Flavors and Ingredients Market Size and Forecast, By Form
13.6 North America Pet Food Flavors and Ingredients Market Size and Forecast, By Functionality
13.7 North America Pet Food Flavors and Ingredients Market Size and Forecast, By Category
13.8North America Pet Food Flavors and Ingredients Market Size and Forecast, By Distribution Channel
13.9North America Pet Food Flavors and Ingredients Market Size and Forecast, By Category
13.9 North America Pet Food Flavors and Ingredients Market Size and Forecast, By Country
13.9.1 U.S.
13.9.2 Canada
13.9.3 Mexico
14EuropePet Food Flavors and Ingredients Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Europe Pet Food Flavors and Ingredients Market Share Analysis, By Product Type
14.3 Europe Pet Food Flavors and Ingredients Market Size and Forecast, By Pet Food Type
14.4 Europe Pet Food Flavors and Ingredients Market Size and Forecast, By Source
14.5 Europe Pet Food Flavors and Ingredients Market Size and Forecast, By Form
14.6 Europe Pet Food Flavors and Ingredients Market Size and Forecast, By Functionality
14.7 Europe Pet Food Flavors and Ingredients Market Size and Forecast, By Category
14.8 Europe Pet Food Flavors and Ingredients Market Size and Forecast, By Distribution Channel
14.9 Europe Pet Food Flavors and Ingredients Market Size and Forecast, By Country
14.9.1 Germany
14.9.2 France
14.9.3 UK
14.9.4. Rest of Europe
15Asia Pacific Pet Food Flavors and Ingredients Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Asia Pacific Pet Food Flavors and Ingredients Market Share Analysis, By Product Type
15.3 Asia Pacific Pet Food Flavors and Ingredients Market Size and Forecast, By Pet Food Type
15.4 Asia Pacific Pet Food Flavors and Ingredients Market Size and Forecast, By Source
15.5 Asia Pacific Pet Food Flavors and Ingredients Market Size and Forecast, By Form
15.6 Asia Pacific Pet Food Flavors and Ingredients Market Size and Forecast, By Functionality
15.7 Asia Pacific Pet Food Flavors and Ingredients Market Size and Forecast, By Category
15.8 Asia Pacific Pet Food Flavors and Ingredients Market Size and Forecast, By Distribution Channel
15.9 Asia Pacific Pet Food Flavors and Ingredients Market Size and Forecast, By Country
15.9.1 China
15.9.2 Japan
15.9.3 India
15.9.4. Rest of Asia Pacific
16Latin America Pet Food Flavors and Ingredients Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Latin America Pet Food Flavors and Ingredients Market Share Analysis, By Product Type
16.3 Latin America Pet Food Flavors and Ingredients Market Size and Forecast, By Pet Food Type
16.4 Latin America Pet Food Flavors and Ingredients Market Size and Forecast, By Source
16.5 Latin America Pet Food Flavors and Ingredients Market Size and Forecast, By Form
16.6 Latin America Pet Food Flavors and Ingredients Market Size and Forecast, By Functionality
16.7 Latin America Pet Food Flavors and Ingredients Market Size and Forecast, By Category
16.8 Latin America Pet Food Flavors and Ingredients Market Size and Forecast, By Distribution Channel
16.9 Latin America Pet Food Flavors and Ingredients Market Size and Forecast, By Country
16.9.1. Brazil
16.9.2.Rest of Latin America
17Middle East Pet Food Flavors and Ingredients Market Analysis and Forecast (2022-2027)
17.1 Introduction
17.2 Middle East Pet Food Flavors and Ingredients Market Share Analysis, By Product Type
17.3 Middle East Pet Food Flavors and Ingredients Market Size and Forecast, By Pet Food Type
17.4 Middle East Pet Food Flavors and Ingredients Market Size and Forecast, By Source
17.5 Middle East Pet Food Flavors and Ingredients Market Size and Forecast, By Form
17.6 Middle East Pet Food Flavors and Ingredients Market Size and Forecast, By Functionality
17.7 Middle East Pet Food Flavors and Ingredients Market Size and Forecast, By Category
17.8 Middle East Pet Food Flavors and Ingredients Market Size and Forecast, By Distribution Channel
17.9 Middle East Pet Food Flavors and Ingredients Market Size and Forecast, By Country
17.9.1. Saudi Arabia
17.9.2. UAE
17.9.3. Egypt
17.9.4. Kuwait
17.9.5. South Africa
18Competitive Analysis
18.1 Competition Dashboard
18.2 Market share Analysis of Top Vendors
18.3 Key Development Strategies
19Company Profiles
19.1 The Scoular Company
19.1.1 Overview
19.1.2 Offerings
19.1.3 Key Financials
19.1.4 Business Segment & Geographic Overview
19.1.5 Key Market Developments
19.1.6 Key Strategies
19.2 The Peterson Company
19.2.1 Overview
19.2.2 Offerings
19.2.3 Key Financials
19.2.4 Business Segment & Geographic Overview
19.2.5 Key Market Developments
19.2.6 Key Strategies
19.3 Omega Protein Corporation
19.3.1 Overview
19.3.2 Offerings
19.3.3 Key Financials
19.3.4 Business Segment & Geographic Overview
19.3.5 Key Market Developments
19.3.6 Key Strategies
19.4 Chr. Hansen Holding A/S
19.4.1 Overview
19.4.2 Offerings
19.4.3 Key Financials
19.4.4 Business Segment & Geographic Overview
19.5 Key Market Developments
19.4.6 Key Strategies
19.5 DSM, Symrise
19.5.1 Overview
19.5.2 Offerings
19.5.3 Key Financials
19.5.4 Business Segment & Geographic Overview
19.5.5 Key Market Developments
19.5.6 Key Strategies
19.6 International Flavors & Fragrances Inc.
19.6.1 Overview
19.6.2 Offerings
19.6.3 Key Financials
19.6.4 Business Segment & Geographic Overview
19.6.5 Key Market Developments
19.6.6 Key Strategies
19.7 Roquette Frères
19.7.1 Overview
19.7.2 Offerings
19.7.3 Key Financials
19.7.4 Business Segment & Geographic Overview
19.7.5 Key Market Developments
19.7.6 Key Strategies
19.8 Ingredion
19.8.1 Overview
19.8.2 Offerings
19.8.3 Key Financials
19.8.4 Business Segment & Geographic Overview
19.8.5 Key Market Developments
19.8.6 Key Strategies
19.9 Balchem Inc.
19.9.1 Overview
19.9.2 Offerings
19.9.3 Key Financials
19.9.4 Business Segment & Geographic Overview
19.9.5 Key Market Developments
19.9.6 Key Strategies
19.10 Glanbia Plc
19.10.1 Overview
19.10.2 Offerings
19.10.3 Key Financials
19.10.4 Business Segment & Geographic Overview
19.10.5 Key Market Developments
19.10.6 Key Strategies
