In an article petfoodindustry revealed that the global pet food ingredients market is set for substantial growth, projected to rise from $34.2 billion in 2023 to $47.4 billion by 2028, growing at a 6.8% CAGR. This surge is fueled by increased demand for premium and specialty pet foods, driven by urban pet owners seeking high-nutritional options. Five key market factors include:

  • Premiumization
    Pet owners are prioritizing health-focused, premium food for pets, spurring innovation.
  • Ingredient Availability
    Limited availability and pricing challenges affect supply.
  • Dominance of Dog Food
    Dogs maintain the largest market share, particularly in growing regions like Asia-Pacific.
  • Rising Demand for Cat Food
    Rapid growth in cat ownership drives demand for nutrient-rich cat food ingredients.
  • North American Market Leadership
    North America leads in production, distribution, and e-commerce accessibility for pet food.
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