Are You Leveraging the Top Megatrends to Grow in the Pet Food Ingredients Industry?
The growing demand for personalized pet food and supplement products due to the pet humanization megatrend drives transformational growth
Overview
This analysis covers the pet food ingredients industry in different regional landscapes, including North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East and Africa (LAMEA). Increasing pet ownership and the growing pet population coupled with the humanization of the pet food industry globally drives demand for premium and super-premium pet foods and supplements, which drives the pet food ingredient industry growth.
Significant pet owner spending and high pet food production in developed landscapes fuel high demand and support industry growth for pet food ingredients.
Geographically, North America dominated the global pet food ingredients industry in 2023 due to high pet ownership, the highest regional pet food and supplement production, high consumer awareness of the health benefits of ingredients, and relatively higher spending on pet foods and treats in the United States compared to global landscapes.
- How is the increasing demand for premium and super-premium pet foods and supplements impacting the growth of the pet food ingredients industry?
- What are the key factors driving growth in Latin America, Europe, and LAMEA for the pet food ingredients industry?
- How are megatrends like increasing pet ownership and pet humanization influencing the growth curve of this industry?
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