Pet Food Ingredients Market by Type, Key Player, Revenue, Product, Insights Outlook Forecast 2024 -2032
Pet Food Ingredients Market Highlights Pet Food Ingredients Market is poised to reach a valuation of USD 1.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2021 to 2030.The market for pet food ingredients is expected to witness significant growth in the forecast period, driven by the increasing concern of pet owners regarding animal health. Pet food is comprised of essential nutrients including protein, carbohydrates, vitamins, minerals, fats, and additives. These nutritional components are derived from animal, plant, and synthetic sources, with each ingredient playing a vital role in providing nourishment to the animal's body. The pet food ingredients market has been segmented by ingredients into meat & meat products, cereals, vegetables, fats, and additives. Meat & meat products segment generate the most revenue in the market owing to the enhanced palatability and acceptability of meat-based pet food. Meat is a good source of gl