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The Pet Food Ingredients Market is projected to reach $73.30 billion by 2031, at a CAGR of 8.5% from 2024 to 2031. The growth of the pet food ingredients market is driven by the rising pet population coupled with increasing expenditure on pet food, the growing demand for premium pet food, and an increasing focus on pet health and wellness. However, the stringent regulatory structures and fluctuating raw material prices restrain the growth of this market.
Furthermore, the increasing availability and growing acceptance of novel pet food ingredients and the proliferation of direct-to-consumer (D2C) brands and start-ups in the pet food category are expected to generate growth opportunities for the stakeholders in this market. However, the risk of counterfeit products is a major challenge impacting the growth of the pet food ingredients market.
Moreover, the rising demand for customized pet food is a prominent trend in the pet food ingredients market.
Here are the top 10 companies operating in the Pet Food Ingredients Market
Founded in 1865 and headquartered in Minnesota, the U.S., Cargill, Incorporated is involved in the manufacturing and marketing of food, agricultural solutions, feed & feed ingredients, and industrial products. The company offers various products & services for agriculture, food & beverage, animal nutrition, beauty, bio-industrial, industrial, pharmaceutical, meat & poultry, risk management, supplements, and transportation industries. The company offers various pet food ingredients, including proteins, carbohydrates, grains & pulses, fats & oils, postbiotics, and other beneficial pet food ingredients. Also, the company offers products such as acidulants, dry corn ingredients, emulsifiers, health-promoting ingredients, high maltose syrups, hydrocolloids, lecithin, proteins, salt, starches & derivatives, sweeteners, toppings, alcohol, cocoa & chocolate, sauces & fillers, texturizers & specialty ingredients, and others.
The company operates in more than 70 countries and has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of May 2023, the company had a headcount of 160,000 employees worldwide.
Archer-Daniels-Midland Company (U.S.)
Founded in 1902 and headquartered in Illinois, the U.S., Archer Daniels Midland Company (ADM) manufactures, sells, and distributes food ingredients and flavors for foods and beverages, supplements, nutrition for pets and livestock, and more. The company operates through four business segments: Agricultural Services & Oilseeds, Carbohydrate Solutions, Nutrition, and Other Businesses. The company offers pet food ingredients through its Nutrition business segment.
The Nutrition segment offers natural flavor ingredients, flavor systems, natural colors, proteins, emulsifiers, soluble fiber, polyols, hydrocolloids, and natural health and nutrition products, including probiotics, prebiotics, enzymes, and botanical extracts; other specialty food and feed ingredients; edible beans; formula feeds, animal health, and nutrition products; and contract and private-label pet treats and foods.
With around 450 crop procurement locations, more than 330 food & feed ingredient manufacturing facilities, more than 62 innovation centers, and a strong network of subsidiaries and distribution chains, the company has a geographical presence in more than 190 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2022, the company had a headcount of 42,001 employees globally.
Founded in 1865 and headquartered in Ludwigshafen, Germany, BASF SE is engaged in the manufacturing and supplying of various products and services. The company operates through six business segments: Surface Technologies, Materials, Chemicals, Industrial Solutions, Agricultural Solutions, and Nutrition & Care. The company offers products for agriculture, automotive & transportation, chemicals, coatings solutions, construction, electronics & electric, energy & resources, furniture & wood, nutrition, personal care & hygiene, pharmaceuticals, and other industries.
The company offers pet food ingredients through its Nutrition & Care business segment, which also offers health ingredients, food performance ingredients, colorants, beverage stabilizers, and animal nutrition products.
With its subsidiaries and strong distribution network in more than 90 countries, the company has a strong geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2022, the company had a headcount of 111,481 employees worldwide.
DSM-Firmenich AG (Switzerland)
Headquartered in Kaiseraugst, Switzerland, DSM-Firmenich is engaged in the nutrition, health, and beauty industry. The company operates through four business segments: Perfumery & Beauty; Taste, Texture & Health; Health, Nutrition & Care; and Animal Nutrition & Health. The company’s pet food ingredients portfolio includes vitamins, minerals, carotenoids, nutritional lipids, and prebiotics. It also provides enzymes, flavors, colors, proteins, antioxidants, vitamins, preservatives, starter cultures, hydrocolloids, and other ingredients. The company provides solutions to food & beverage, animal feed & pet food, personal care, pharmaceutical, and other industries. In May 2023, Firmenich International SA (Switzerland) completed its merger with Koninklijke DSM N.V. (Netherlands) to establish DSM-Firmenich AG (Switzerland).
With its subsidiaries and strong distribution network in more than 60 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of 2023, the company had a headcount of ~30,000 employees globally.
Founded in 2003 and headquartered in Holzminden, Germany, Symrise offers fragrance, flavor, natural nutrition, and cosmetic ingredient solutions for the food & beverage, animal feed & pet food, and cosmetics industries. The company operates through two business segments: Taste, Nutrition & Health, and Scent & Care. It offers pet food ingredients under the Taste, Nutrition & Health business segment. The pet food division comprises four business units: Pet Food Palatability, Pet Nutrition, Pet Food Protection, and Veterinary.
With its subsidiaries and a strong distribution network in more than 150 countries, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2022, the company had a headcount of 12,043 employees globally.
Meticulous Research in its latest publication on Pet Food Ingredients Market has predicted the growth of 8.5% during the forecast year 2024-2031.
Ingredion Incorporated (U.S.)
Founded in 1906 and headquartered in Westchester, U.S., Ingredion Incorporated produces and sells ingredient solutions for various industries. The Company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. It offers its products through five business segments: Food, Animal Nutrition, Beverage, Brewing, and Other. Under its animal nutrition segment, the company offers pet food ingredients through two product categories: dry pet food and snacks and treats.
The company has 47 manufacturing facilities and a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2022, the company had a headcount of 11,700 employees worldwide.
Darling Ingredients Inc. (U.S.)
Incorporated in 1962 and headquartered in Texas, the U.S., Darling Ingredients manufactures, processes, and distributes sustainable natural ingredients extracted from edible and inedible bio-nutrients. The company operates through three business segments, namely, Feed Ingredients, Food Ingredients, and Fuel Ingredients. The company offers its products for the pharmaceutical, food, pet food, animal feed, fuel, bioenergy, and fertilizer industries. Moreover, the company provides its products under the Rendac, Sonac, Ecoson, Cookie Meal, Rousselot, EnviroFlight, NatureSafe, Dar Pro Ingredients, Diamond Green Diesel, and CTH brands. The company offers pet food ingredients through its Feed Ingredients business segment under the Sonac and EnviroFlight brands.
A subsidiary of Darling Ingredients, Enviroflight Corporation is involved in the rearing of black soldier fly larvae, which are further processed to produce specialty protein for use as an ingredient in animal feeds and pet foods.
With 260 facilities, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2022, the company had a headcount of 14,600 employees worldwide.
Roquette Frères (France)
Founded in 1933 and headquartered in Lestrem, France, Roquette Frères is involved in producing plant-based ingredients and pharmaceutical excipients. The company operates through seven business segments: BioPharma, Pharma & Nutraceuticals, Cosmetics, Food & Nutrition, Animal Nutrition, Nutralys Plant Protein, and other Industrial Markets. Under the Animal Nutrition segment, the company offers a diverse product range of pet food and compound feed. The company also offers feed specialties like premix, starter feed, CMR, and veterinary products.
With more than 30 manufacturing sites and several sales subsidiaries, and with a strong distribution network across 100 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company had a headcount of around 10,000 employees globally.
Chr. Hansen Holding A/S (Denmark)
Chr. Hansen Holding A/S was founded in 1874 and headquartered in Hørsholm, Denmark. From January 29, 2024, the Chr. Hansen and Novozymes Groups have joined forces to form the Novonesis Group. Chr. Hansen Holding A/S develops and sells natural solutions for the food, nutraceuticals, pharmaceuticals, and agriculture industries. The company operates through two business segments: Food Cultures & Enzymes and Human Health & Nutrition. The company offers food culture & enzymes, plant health, human health & probiotics, and animal health-related products. In animal health, the company offers pet food ingredients.
With 14 production sites, three R&D centers, and more than 25 application centers, the company has a geographical presence in more than 140 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of August 2023, the company had a headcount of 3,757 employees worldwide.
IQI b.v. (Netherlands)
Founded in 1994 and headquartered in Amersfoort, Netherlands, IQI b.v. produces and distributes pet food ingredients. The company specializes in pet food ingredients, offering dedicated solutions for the entire process, from sourcing ingredients to warehousing, quality checks, logistics, and distribution. The company’s pet food ingredients are based on animal, plant, algae, and fungi-based products.
The company sources ingredients from 26 countries and delivers to customers in 60 countries globally. It has a geographical presence in Europe, North America, and Latin America.
Popular Mention: Kemin Industries, Inc. (U.S.), Protix B.V. (Netherlands), Omega Protein Corporation (U.S.), Duynie Ingredients (Netherlands), and KAGOME Australia Pty Ltd (Australia).
Authoritative Research on the Pet Food Ingredients Market – Global Opportunity Analysis and Industry Forecast (2024-2031)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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