North America has been a cradle of innovations with regard to the pet food ingredients market. This offers first-mover advantage to various pet food ingredient manufacturers. The trend of utilizing highly sophisticated methods to reduce resource costs has led to increasing production of pet foods. The Indian and Chinese markets for pet food ingredients are turning out to be crucial pockets, due to increase in per capita income, increase in disposable income, and awareness of quality of pet food. And this has led to the increase in demand for pet food.
There are many reasons for the increase in pet population over the last decades. The increasing urbanization of society has encouraged the trend of keeping dogs and cats, the most suitable domestic companion animals, as pets. The breakdown of nuclear families, with older people and unmarried adults often living alone, has led to the appreciation of dogs and cats as companions. This is one of the reasons that have led to increase in demand for pet foods.
North America continues to dominate the pet food ingredients market, and Asia-Pacific is projected to be the market with the fastest growth. The main driving factors are growing concerns regarding the increase in pet population and awareness regarding the quality of pet food. Developing countries in the Asia-Pacific and Rest of the World (ROW) regions show potential to grow further in the market.
Today, there is extensive research being carried out, aiming at developing new pet food products with different ingredients across the globe. Manufacturers have developed new technologies for the production, packaging, and distribution of pet food ingredients.
Nutrition research shows that pets have some distinctive diet requirements; for instance, arginine in dog and cat foods are necessary. Promising dietetic benefits from omega-3 fatty acids, carotenoids, dietary fiber, mineral balance, and the connection between meat proteins and fats to provide optimal nutrition are actively under investigation. Meat, bone meal, poultry by-product meal, and fish meal are the basic sources used for pet foods. They provide high-quality protein with a good balance of amino acids.
The demand for pet food ingredients has increased in the last decade with growing concerns regarding quality of pet food and nutrition for pets.
North America was the largest pet food ingredients market in the world. DSM (Netherlands), DuPont (U.S.), BASF SE (Germany), Ingredion Inc. (U.S.), and Roquette Freres (France) are a few of the key players in the North American pet food market.