Pet Food Ingredients Market worth $34,160.6 Million by 2018, According to a New Study on ASDReports

Tuesday 10 June 2014, Amsterdam

The report "Pet Food Ingredients Market by Type (Animal Derivatives, Vegetable & Fruits, Grains & Oilseeds, Vitamins & Minerals, Additives), Animal (Dog, Cat, Bird, Fish) & by Geography - Global Trends, Forecasts To 2018" defines and segments the pet food ingredients market with analysis and forecasting of the global value for the market.

It also identifies driving and restraining factors with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and the value is forecasted on the basis of 4 major regions: North America, Europe, Asia-Pacific, and Rest of the World (ROW).

Pet food ingredients refer to special food intended for consumption by pets. For example, there are foods for cat, dog, birds, fish and other pets. Each ingredient plays an important role in providing nourishment to the body, and every combination of ingredients is regulated by the U.S. Food and Drug Administration (FDA). These ingredients are responsible for accelerating and maintaining pet’s biological and physical health. The increasing pet population, combined with rising disposable income is creating tremendous demand for pet consumable products. Pet food ingredients market is projected to reach a value of $34,160.6 million, growing at CAGR of 4.5% by 2018. Pet food ingredients by type, are segmented into animal derivatives, grains & oilseeds, vitamins & minerals, and additives. Animal derivatives dominated the market as they increase the palatability of a product and have a high digestibility factor.

North America has the highest demand for pet food ingredients, especially meat and bone meal. The U.S. commands a major share of this market. The introduction of new innovative products such as grain free products, organic products, preservative free products and above all consumer education remains the key factors driving the demand of pet food ingredients.