New York, NY -- (SBWire) -- 03/02/2020 --Market Industry Reports (MIR) has published a new report titled "Pet Food Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global pet food ingredients market is estimated to be over US$ 36.0 billion in 2019.
Leading Key Players:
Ingredion, The Scoular Company, Sunopta, Darling Ingredients Inc., Kemin Industries, Inc., Nutreco N.V., Lallemand Inc., Saria Se & Co. Kg, Chr. Hansen Holding A/S, Cargill, And Incorporated Among Others.
Also, increasing dog and cat adoption along side the rising specialise in improving productivity and health are a number of the main driving factors for the market. at the present , the bulk of ingredients utilized in the preparation of companion animal's food are synthetic due to the low cost and simple availability.
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Segmentation By Source:
-Cereals
-Meat & Meat Products
-Vegetables
-Fruits
-Fats
-Additives
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Segmentation By Product:
-Animal-based
-Plant-based
-Synthetic
Segmentation By Region:
-North America
-Asia Pacific
-Europe
-Rest of World (ROW)
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Segmentation By Pet Type:
-Dog
-Cat
-Fish
Segmentation By Form:
-Dry
-Liquid
Further, the report covers:
-Conventional Pet Food Ingredients Market, based on actual product sales (US$ Million) and Product Sales Volume (Million Units)
-Market Potential Assessment
-Total Addressable Market (TAM) Assessment, Based on Investments
-Investment Mapping
-12+ Key Players Assesment
-Forecast Till 2030
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Pet Food Ingredients Market and Growth Evaluation in the Coming Years 2019-2030 :Thriving Cagr 6.4%
Pet humanization & increasing awareness of nutrition for pets globally is one among the main factor driving the market of pet food ingredient. Moreover, increasing pet adoption and rise in living standard are anticipated to fuel the expansion of the pet food ingredient market during the forecast period. However, non-uniformity of regulations for approval of international trade are likely to hinder the market to a particular extent.