Global Animal and Pet Nutrition Ingredients Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Animal and Pet Nutrition Ingredients market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global animal and pet nutrition ingredients market size was US$ 35.1 billion in 2021. The global animal and pet nutrition ingredients market is forecast to grow to US$ 65.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Pet food is any plant or animal product, such as meat, that is used to feed animals. Pet food ingredients include fruits and vegetables, animal products and derivatives, grains and oilseeds, vitamins, and minerals. Pet food ingredients are high in calcium, fiber, protein, carbohydrates, and other minerals. Grains and veggies are frequently utilized in dog foods. Each component adds to the animal’s overall health in some way.
Factors Influencing the Market
The easy availability of pet food will considerably drive the demand for animal and pet nutrition ingredients during the forecast period. Furthermore, the growing trend of adopting dogs and cats will also contribute to the growth of the animal and pet nutrition ingredients market during the analysis period.
The rising awareness related to the health benefits of nutrition-rich pet foods will also contribute to the growth of the animal and pet nutrition ingredients market. In addition, the rising use of cannabis in pet food is growing will escalate the growth of the animal and pet nutrition ingredients. Anxiety-relieving cannabis-based food products are high in demand. These food products are also very helpful in relieving pain and allergies, which will benefit the animal and pet nutrition ingredients market during the forecast period.
However, non-uniform regulations may limit the growth of the animal and pet nutrition ingredients market during the forecast period.
Regional Analysis
The Asia-Pacific animal and pet nutrition ingredients market is forecast to record significant growth. The growth of the region is attributed to the increasing consumer spending on companion animal care. In addition, the rising disposable income and growing humanization tendency will also benefit the animal and pet nutrition ingredients market during the analysis period.
The growing customer preferences for natural products will escalate the growth of the animal and pet nutrition ingredients market. Apart from that, the highly developed food and beverage sector in the United States, Canada, and Mexico will benefit North America’s market for animal and pet nutrition ingredients during the analysis period.
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COVID-19 Impact Analysis
The COVID-19 pandemic significantly affected the supply chain of the animal and pet nutrition ingredients market. During the pandemic, the market witnessed various obstacles associated with the import and export of products. As a result, it hampered the growth of the animal and pet nutrition ingredients market during the pandemic.
Competitors in the Market
? Cargill, Incorporated (US)
? Archer Daniels Midland Company (US)
? BASF SE (Germany)
? DowDuPont Inc. (US)
? Darling Ingredients (US)
? Omega Protein Corporation (US)
? CHR. Hansen (Denmark)
? Roquette Freres (France)
? Sunopta (Germany)
? Lallemand (Canada)
? SARIA Group (Germany)
? Other Prominent Players
Market Segmentation
The global animal and pet nutrition ingredients market segmentation focus on Source, Pet, and Region.
By Source
? Animal-based
? Plant-based
? Synthetic
By Pet
? Dog
? Cat
? Fish
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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