Let’s take a look at the pet food market types

Did you know that the global pet food ingredients market has grown due to an increase in pet expenditure, pet food, and pet population? That is right. Another thing increasing hand in hand with this is the demand for grain-free plant and vegan-based pet food. This post will highlight what factors cause this global rise and the various types of pet food markets.

What is the global pet food market?

The main definition for this term is the growing need for pet expenditure and in turn pet food expenditure. As we as an increase in pet population overall. This has caused the pet food industry to adapt and develop to changing trends and tastes of consumers when it comes to pet food. Some other major factors for this growing market are the adoption and health considerations. At first most of the pet food industry was using synthetic ingredients to reduce costs and increase availability. However, things have changed today as consumers demand healthier vegan and grain-free pet food. All of these things combined together make up the global pet food ingredient suppliers market.

Factors that stimulate this global market
  1. Easy availability of pet food across multiple stores such as retail shops, online stores and supermarkets.
  2. More adoptions of cats and dogs are also a huge factor in this.
  3. Another thing stimulating the market is the ingredient phosphate which has numerous benefits when added to pet foods such as proper bone structure, nerve impulses, muscle contractions, and so on. This ingredient has increased the demand for pet foods that include it.
Global pet food market types

This global pet food market can be classified into the following types such as source, animal, form, ingredient, and geography.

1.    Pet food ingredient market by source

This market is further divided into more branches namely plant derivatives, animal derivatives, and additives. Starting with the animal derivatives part which experienced the highest annual growth rate (CAGR). This includes animal parts like meat, by-products, proteins, fats, and so on. This segment makes up most of this pet market as it is used in pet food products for appetizing taste. And therefore most pet food companies implement this. Most pet food companies are also using fish meat because of its high omega-3 and fatty acid content. These nutrients have many benefits.

2.    Pet food ingredient market by animal

This segment consists of dogs, fish, cats, birds, and so on. Of these segments, the dog segment is the one that made the biggest impact on the pet food ingredient global market. Since dogs are the most adopted pets globally, thus increasing the supply for pet food ingredients.

3.    Pet food ingredient market by form

This market is segmented into dry pet food and wet pet food. In this part of the market dry pet food has a higher annual growth rate. The reason is that this type of food is easier to handle and store. It is even more long-lasting.

4.    Pet food ingredient market by ingredient

In this segment, the market is further divided into meat and its by-products, vegetables, cereals, and so on.

5.    Pet food ingredient market by geography

This global pet food market in this segment is divided into North America, Asia Pacific, Europe, and the rest of the places. North America has the highest CAGR which is followed by Asia pacific. The reason for this is that huge companies are investing in their local markets whenever a new product is launched.

Conclusion

All of these factors combined make up the global market for pet food ingredients. This global market is then further divided into segments. This market will continue to grow and that is a good thing but it requires more support from the government to reach countries that do not have access and knowledge.

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