Pet Food Ingredients Market

The Pet Food Ingredients market is estimated at USD 34.2 billion in 2023 and is projected to reach USD 47.4 billion by 2028, at a CAGR of 6.8% from 2023 to 2028.

The pet food ingredients market is undergoing rapid growth due to a variety of factors. One significant cause is the growing trend of pet humanization, in which pets are seen as integral family members. This shift in attitude has increased demand for high-quality and nutritious pet food components, which mirrors trends in human food consumption. Furthermore, as people become more concerned about their pets' health and well-being, there is an increasing demand for natural, organic, and sustainably derived ingredients in pet food.

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Top Pet Food Ingredients Companies Include:

BASF SE (Germany), Darling Ingredients Inc (US), Cargill, Incorporated (US), Ingredion (US), DSM (Netherlands), Omega Protein Corporation (US), ADM (US), Kemin Industries, Inc (US), Chr. Hansen Holding A/S (Denmark), Roquette Frères (France), The Scoular Company (US), Symrise (Germany), Mowi (Norway), Lallemand Inc. (Canada), and Phileo by Lesaffre (France). Other noticeable players also include 3D Corporate Solutions (US), Hydrite Chemical (US), AFB International (US), Gillco Ingredients (US), SARIA International GmbH (Germany), Green Source Organics (US), Biorigin (Brazil), Zinpro (US), APS Phoenix LLC (US), LaBudde Group Inc (US), FoodSafe Technologies (US), DuPont Nutrition & Health (US), and Eurotec Nutrition Group (Thailand).

BASF SE (Germany)

BASF SE is a prominent player in the pet food ingredients industry, boasting diversified business segments such as nutrition & care, materials, chemicals, agricultural solutions, industrial solutions, and surface technologies. Within these sectors, the company offers a comprehensive range of products including intermediate chemical products, monomers, petrochemicals, dispersions & pigments, care chemicals, nutrition & health, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, and crop protection products. Notably, its animal nutrition unit focuses on delivering pet food ingredients. BASF SE maintains a robust global presence, operating in over 90 countries through subsidiaries and joint ventures. With six integrated production sites and an additional 355 production sites distributed across Europe, Asia, Australia, the Americas, and Africa, the company demonstrates its commitment to delivering a diverse portfolio of products and solutions on a global scale.

In March 2023, BASF and Cargill announced a new partnership, extending their existing feed enzyme development and distribution agreement to the US. The partnership aims to bring innovative enzyme-based solutions to the market, generating value for animal feed customers. The partnership will combine BASF's enzyme research and development strengths with Cargill's application expertise, forming a joint innovation pipeline for animal protein producers. The goal is to deliver solutions that address productivity, sustainability, and cost challenges for US customers. The partnership builds upon successful collaborations across Argentina, Brazil, Mexico, Portugal, Spain, the Middle East, and Africa.

Darling Ingredients (US)

Darling Ingredients is a key player in the pet food ingredients market, serving the agri-food industry with sustainable solutions to reduce food waste. The company specializes in collecting and repurposing animal-based co-products and other natural materials. Darling Ingredients offers a range of products related to the pet food industry. Their product portfolio includes collagen, edible fats, feed-grade fats, animal proteins and meals, plasma, and pet food ingredients. It holds a prominent position in providing compliant, natural wet and dry pet food solutions. They are known for supplying customized ingredients for pet food, addressing the evolving demands of the pet food market.

Darling Ingredients operates globally, with a presence in North America, Europe, Asia Pacific, and South America and 200 processing plants. In August 2022, Darling Ingredients acquired Brazil's largest independent rendering company, FASA Group, for approximately USD 542.6 million. The acquisition, which was announced in May 2022, allows Darling Ingredients to process over 1.3 million metric tons annually. FASA Group is a well-run business that is accretive and provides an additional source of non-food-based, low-carbon waste fats for renewable diesel and sustainable aviation fuel production. Brazil is a prime location for Darling Ingredients' specialty ingredients business growth.

Cargill, Incorporated (US)

Cargill, Incorporated, a global supply chain partner, plays a significant role in the pet food ingredients market. The company, known for its diverse services in food, agriculture, financial, and industrial products, is deeply involved in the pet food industry. Cargill collaborates with farmers, originating, sourcing, transporting, and processing commodities into branded food, feed, fuel, and bioindustrials. In the pet food ingredients sector, Cargill offers a range of products, contributing to the global pet food market's growth. The company's global presence and commitment to sustainable nutrition solutions link farmers to markets and connect customers worldwide. Cargill's involvement in the pet food ingredients market positions it as a key player with a broad portfolio catering to the evolving demands of the industry. With operations spanning across North America, Europe, South America, the Middle East, and Asia Pacific, Cargill, Incorporated primarily concentrates its sales efforts in Europe, North America, and Asia.

In 2021, Cargill introduced The Chompery, a new brand of butcher-quality dog treats. The Chompery is all-natural, single-ingredient, and sourced and produced in the U.S., offering products for various purposes such as long-lasting entertainment, rewards, and training. The Chompery bones, ribs, windpipes, and jerkies cater to functional, entertainment, training, and bonding purposes. Dog owners are focused on sourcing and ingredients, with over half of them seeking treats made in the U.S. and "easily digestible" and "natural" being key product claims. The Chompery treats address consumer concerns about pet health and origin and are available in the meat aisle at grocery stores across the U.S. and Canada. The launch coincides with rising demand for pet treats in the U.S., as pet owners seek solutions to keep their pets occupied while working from home. A Cargill survey found that 90% of dog owners reported spending the same or more on their pets than before the pandemic.

Related Reports:

Pet Food Ingredients Market by Ingredient (Meat & Meat Products Cereals, Vegetables & Fruits Fats, and Additives), Source (Animal-Based, Plant Derivatives, and Synthetic), Pet (Dogs, Cats, and Fish), Form, and Region - Global Forecast to 2028

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