Increased affection for pets and rising demand for premium pet foods have surged the usage of pet food ingredients. Phosphate, amino acids, vitamins are some of the ingredients commonly integrated into pet foods. These ingredients aid in improving the gut health, immunity and metabolism of animals, further soaring the product demand.
Animals like dogs and cats are primarily preferred for adoption across the world. An article published by ASPCA stated that over 3.2 million pets are adopted every year, out of which over 1.6 million are dogs and the rest are cats. Also, there is an ongoing trend of pet parenting, which has increased the demand for premium and high-quality pet foods. Taking these factors into consideration, the market for pet food ingredients is likely to experience growth over the projected timeframe.
As per a recent report, the pet food ingredients market is anticipated to surpass USD 920 million by the end of 2026.
The increased importance of amino acids bolstering the demand for pet food ingredients
Ingredients like amino acids are essential for animal health. Methionine, threonine, tryptophan and lysine are some important amino acids that are utilized in aquaculture feed. Although amino acid is an inorganic substance, it is frequently used in producing organic pet foods for providing optimum nutrition.
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Amino acids are crucial in executing the metabolic and biochemical processes in cells. This makes them essential for reproduction, lactation and overall animal health. In addition, they help in effectively using proteins from animal feeds. Owing to these reasons, the compounds are widely incorporated in pet foods.
North America has experienced a surging demand for pet adoption owing to people’s preference of having them as their companions. This increased affection for animals has made pet parents more aware of their health. This has paved way for high-quality pet products, right from apparel to foods. All these factors justify the growing demand for pet food ingredients in the region.
Key industry players are devising strategies such as mergers & acquisitions, product launches and collaborations to expand their business operations and in turn, strengthen their market position. For instance, DuPont Nutrition & Health, in September 2020, opened a new plant in China for manufacturing animal nutritional products. The company will provide local animal product industry optimized solutions using their state-of-the-art advanced technology.
Inconsistencies in setting guidelines and high production costs can impact the demand for pet food ingredients
Pet food products of the highest quality have gluten-free and organic ingredients. These ingredients are made using premium raw materials which increases the production cost. Also, these high-quality pet foods are certified, and the process of food certification is a costly affair. The authorities analyze the entire supply chain to check their compliance with the set standards. These expenses increase the overall cost of the pet food product, impacting the demand for certain pet food ingredients.
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