Europe Pet Food Ingredients Market Size, Industry Share, Forecast

"The rapidly evolving marketplace demands the best market and business solutions to thrive. The Europe Pet Food Ingredients Market report contains comprehensive data on market definition, classifications, applications, engagements, market drivers, and market restraints in the Europe Pet Food Ingredients Market industry, all derived from SWOT analysis. The market definition covered in this market research report gives the scope of a particular product concerning the driving factors and restraints in the market. The sources of data and information mentioned in the Europe Pet Food Ingredients Market report are very reliable and include websites, annual reports of companies, journals, and mergers, all checked and validated by market experts.

Market definition, market segmentation, key developments in the market, competitive analysis, and research methodology are major topics covered in the reliable Europe Pet Food Ingredients Market research report, thoroughly studied with the best tools and techniques. This market report consists of historic data alongside future forecasts and detailed analysis on a global and regional level. The insights will guide actionable ideas, better decision-making, and better business strategies. The scope of the Europe Pet Food Ingredients Market business report can also be extended from market scenarios to comparative pricing between major players, the cost and profit of specified market regions.

Explore Further Details about This Research Europe Pet Food Ingredients Market Report https://www.databridgemarketresearch.com/reports/europe-pet-food-ingredients-market

The increased rates of domestication by households and food manufacturers will propel the growth of the market. According to the European Pet Food Federation (FEDIAF), there are approximately 110 million cats and 90 million dogs domesticated by the households in 2020. The rapid pace of changes in societal trends and lifestyle can be linked to the rising number of pet ownerships. The rising food safety initiatives have also led to an increase in demands for the initiation of safe ingredients in pet meals.

Data Bridge Market Research analyses that the pet food ingredients market was valued at USD 35.81 billion in 2021 and is expected to reach USD 63.72 billion by 2029, registering a CAGR of 7.47% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Pet Food Ingredients Market Scope and Segmentation

REPORT METRIC	DETAILS
Forecast Period	2022 - 2029
Base Year	2021
Historic Years	2020 (Customizable to 2014 - 2019)
Quantitative Units	Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered	Ingredient Type (Meat and Meat Products, Cereals, Vegetable and Fruits, Fats, Additives), Form (Dry, Liquid), Product Type (Original, Blended), Animal (Dog, Cat, Fish, Bird, Rabbit, Others), Source (Animal Based, Plant-Derivatives, Synthetic), Nature (Organic, Inorganic)
Countries Covered	Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
Market Players Covered	ADM (U.S.), DuPont (U.S.), Barentz (Netherlands), The Peterson Company (U.S.), BASF SE (Germany), DSM (Netherlands), Ingredion. (U.S.), Cargill, Incorporated. (U.S.), Kerry Group plc. (Ireland), The Scoular Company (U.S.), Balchem Inc. (U.S.), Roquette Frères (France), Darling Ingredients (U.S.), Omega Protein (U.S.), Tate & Lyle (U.K.), Chr. Hansen Holding A/S (Denmark), American Dehydrated Foods (ADF®) (U.S.), APS Phoenix LLC (U.S.), BIORIGIN APS (U.S.), LaBudde Group Inc. (U.S.)
Market Opportunities	Increase in the number of emerging markets Surging number of research and development activities Rise in the strategic collaborations

Market Definition

The pet food ingredients are included in pet meals to enhance the nutritional content and enable pets to meet their daily dietary requirements. They support the growth of the animals, provide a rich source of vitamins and minerals and enhance the safety parameters to ensure safe quality content.

Pet Food Ingredients Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

Rising pet population and expenditure

The increasing pet population and expenditure within the region. The growth has been registered by increasing expenditure by pet owners. For instance, according to APPA, pet expenditures raised form USD 53.3 billion in 2012 to USD 123.6 billion. Thus, the rise in pet food expenditure and the rising domestication of animals within the region and across the globe are the factors driving the growth of the market over the forecasted period.

Shifting lifestyle and trends

The rising urbanization and increasing disposable income will drive the market's growth. Also, increasing infrastructure investments and growing use of enhanced contents to deliver rich quality content of the pet meals enhanced the growth rate of pet food ingredients market. Moreover, the growing health consciousness for pets among the owners is also a factor boosting the market’s growth. Additionally, the rising innovations in the direct choices within Europe is also the factor driving the growth of the market over the forecasted period.

Opportunities

Increase in regulations and standardisations

The surging number of regulations and standardizations will boost new market opportunities for the market’s growth rate. For instance, the Federal Food, Drug and Cosmetic Act of 1938 states that (FFDCA), animal food needs to be safe and effective with enhanced vitamin and mineral-rich quality content and also to be manufactured in sanitary conditions. The Food Safety Modernisation Act (FSMA) introduced guidelines related to the certification, sterilization and labeling of the food products. Moreover, rise in strategic collaborations and emerging new markets will act as drivers and further boost beneficial opportunities for the market’s growth rate.

This comprehensive report provides:

Improve strategic decision making
Research, presentation and business plan support
Show emerging Europe Pet Food Ingredients Market opportunities to focus on
Industry knowledge improvement
It provides the latest information on important market developments.
Develop an informed growth strategy.
Build technical insight
Description of trends to exploit
Strengthen competitor analysis
By providing a risk analysis, you can avoid pitfalls that other companies may create.
Ultimately, you can maximize your company's profitability.

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