Global Market Size of Pet Food Ingredients Market – 10 Year Market Forecast

Food & Beverages

Pet Food Ingredients Market Size Forecast 2022-2029

 

The global pet food ingredients market size is estimated to be USD 52.18 billion in 2022 and will reach an expected value of USD 76.17 billion by 2029 recording a CARG of 6% in the forecast period. The increasing trend of owning pets and the growing concern regarding animal health and nutrient uptake of pet feed has expanded the global pet food industry. Pet food manufacturers require large capital investments to install different types of machinery and equipment whose installation costs are high and require occasional maintenance, which represents an additional cost. The market is primarily driven by the increase in pet expenditure along with the substantial rise in pet food expenditure.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• The pet food ingredient sector and its changing market trends can be studied using Global Market Database. The market research and intelligence tool studies the shift in line with changing market trends.
• What are the estimated total market size values for 2022 and 2029?

• The estimated total market size values for 2022 and 2029 are USD 52.18 billion and USD 76.17 billion respectively.
• Which key segments are included in the market analyses for pet food ingredients?

• The key segments included in the market analyses for pet food ingredients are by ingredient, region wise and by end-user.
• What are the by ingredients sub-segments analysed for this market?

• The by ingredient sub- segments included in the pet food ingredient market analyses are cereals, vegetables and fruits, fats, meats and meat products, and additives.
• How are the market shares distributed in the end-use segment?

• The market shares in end-use segment are distributed as dog, cat, fish and others.

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