Pet Food Additives Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Pet food additives are used in pet foods to improve the nutritional value, safety, texture, flavor, color, stability, and shelf life of pet foods. Pet food additives are derived from plant and animal sources or can be chemically synthesized. The most common pet food additives that are used by the pet food industry include preservatives, antioxidants, colorants, flavors, vitamins, micronutrients, and trace elements.

MARKET DYNAMICS

The rise in pet ownership in China has given an impetus to the pet food industry and subsequently spurred the demand for pet food additives. The changing social structure in China, delayed marriages, small family sizes, and the burgeoning geriatric population has led more people to seek companionship in pets. The growing importance of pet well being among pet owners is likely to drive the demand for pet foods with enhanced nutritional additives. As pet owners seek more than basic pet foods, the consumption of branded pet foods prepared from enhanced food additives, which facilitate pet growth at every stage of its life, is expected to boost the demand for pet food additives globally.

MARKET SCOPE

The "Global Pet Food Additives Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pet food additives market with detailed market segmentation by additive, functionality, pet, and geography. The global pet food additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading super fruit market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global pet food additives market is segmented on the basis of additive, functionality, and pet. On the basis of additive, the pet food additives market is segmented into mold inhibitors, antimicrobials, pellet binders, grain conditioners, toxin binders, acidifiers, colorants, and others. The pet food additives market on the basis of functionality is classified into preservation, processing, and nutrition. Based on pet, the global pet food additives market is divided into fish, dogs, cats, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global pet food additives market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The pet food additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the pet food additives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the pet food additives market in these regions.

MARKET PLAYERS

The reports cover key developments in the pet food additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the pet food additives market are anticipated to lucrative growth opportunities in the future with the rising demand for pet food additives in the global market. Below mentioned is the list of few companies engaged in the pet food additives market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pet food additives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.

•  Altrafine Gums
  
•  Balchem Corporation
  
•  Bentoli, Inc.
  
•  Bill Barr & Company.
  
•  Caldic B.V.
  
•  Camlin Fine Sciences Ltd.
  
•  Denes Natural Pet Care Ltd.
  
•  DSM Nutritional Products LLC
  
•  Kemin Industries, Inc.
  
•  Trouw Nutrition USA, LLC.
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Pet Food Additives Report Scope