USD 54.76 billion
Europe Pet Food Protein Ingredients Market Size, Share, Growth Analysis, By Source(Animal By-products (Meat, Poultry, Seafood), Feed Grains), By Application(Dry Pet Foods, Wet Pet Foods, Veterinary Diets, Treats), By Ingredient(meat & meat products, deboned meat, meat meal, by-product meal), By Form(Dry and liquid), By Product type(Original and blended), By Animal type(Dog, cat, fish, bird), By Source(Animal based, plant derivatives, and synthetic), By Nature(Organic and inorganic), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR30B2039 |
Region:
Regional |
Published Date: February, 2024
Pages:
224
|Tables:
251
|Figures:
81
Europe Pet Food Protein Ingredients Market Insights
Europe Pet Food Protein Ingredients Market size was valued at USD 54.76 billion in 2019 and is poised to grow from USD 57.4 billion in 2023 to USD 83.6 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).
As pet owners learn to treat their pets as the children, the quality of food they offer becomes increasingly crucial. Pet owners are ordering and having meals delivered that are more closely linked with their diets. As a result, there is an increasing need for high-quality pet food components, which is propelling the rise of specialty pet food sectors such as customised pet meals, healthy snacks, and other expanded possibilities. This is now referred to as the humanisation of pet food, and it is driving increased market demand for high-quality pet food ingredients.
Pet foods are speciality food ingredients that are developed to meet the nutritional needs of domesticated animals known as pets. Animal, vitamins, meat byproducts, grains, cereals, proteins, and minerals are common ingredients in pet food. Pet owners may select from a variety of pet food options, including canned, dry, and semi-moist varieties, as well as snacks such as kibbles, biscuits, and treats. Amino acids, protein, vitamins, minerals, acidifiers, enzyme-based additives, lipids/omega, mycotoxin detoxifiers, probiotics, and carotenoids are among the key pet food components employed in this study. Many pet food producers now provide a diverse range of goods with different alternatives that serve a variety of objectives. Customers may select items based on a variety of criteria like as breeds, life phases, pricing points, ingredient preferences, illness issues, and so on. As a result of these shifting dynamics, the pet food ingredients industry is expected to grow.
Europe Pet Food Protein Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Plant Derivative
Fastest Growth
Plant Derivatives
Growth Rate
4.8% CAGR
Europe Pet Food Protein Ingredients Market, 2021-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Europe Pet Food Protein Ingredients Market Segmental Analysis
Europe Pet Food Protein Ingredients Market is segmented based on the ingredient, form, product type, animal type, nature, and source. Based on ingredient, the Europe Pet Food Protein Ingredients Market is segmented into meat & meat products, deboned meat, meat meal, by-product meal, animal digest, cereals, corn & corn meal, wheat & wheat meal, barley, rice, vegetable & fruits, carrots, soy & soymeal, pea, fats, fish oil, lard, tallow, vegetable oil, poultry fat, additives, vitamins & minerals, enzymes, and other additives. By form, the Europe Pet Food Protein Ingredients Market is segmented into dry and liquid. By product type, the Europe Pet Food Protein Ingredients Market is segmented into original and blended.By animal type, the Europe Pet Food Protein Ingredients Market is segmented into dog, cat, fish, bird, rabbit, and others. By source, the Europe Pet Food Protein Ingredients Market is segmented into animal based, plant derivatives, and synthetic. By nature, the market is segmented into organic and inorganic. .
Europe Pet Food Protein Ingredients Market Analysis by Source
In 2021, the animal byproducts segment is predicted to account for the lion's share of the Europe pet food protein ingredients market. The high protein content, balanced amino acid profiles, better digestibility, and palatability of animal byproducts in pet food manufacture account for the segment's large share. The animal byproduct-based protein component market is further segmented into meat, poultry, and seafood. In 2021, the chicken industry is predicted to account for the bulk of the European market for animal byproducts-based protein components used in pet food production. The segment's massive share is mostly owing to expanding global chicken meat consumption, as well as poultry meat's high protein, carbohydrate, and fat composition.
During the projected period, the novel by-products sources sector is predicted to have the greatest CAGR. The rapid growth of this segment is primarily attributed to rising demand for environmentally friendly protein-rich foods, rising investments in novel protein source farming and the development of innovative & cost-effective processing technologies, and increasing acceptance of insect and single-cell proteins as food. The market for new sources-based protein ingredients is further subdivided into edible insects, microalgae, and others. The edible insect sector is expected to account for the majority of the European new sources-based protein ingredients market for pet food manufacturing in 2021. The segment's substantial share is mostly due to growing worries about future food sustainability, as well as increased governmental and private investment for new insect protein research programmes.
Europe Pet Food Protein Ingredients Market Analysis by Application
Dry pet foods are expected to account for the highest part of the Europe pet food protein ingredients market in 2021. The segment's huge share is mostly due to dry pet meals' extended shelf life, low cost, simplicity of storage, and high energy content.
The veterinary diets category is predicted to grow at the fastest rate between 2022 and 2028. The rapid expansion of this category is mostly due to the rising need and demand for health-oriented pet food products, specialty pet food products for different breeds, and products particularly prepared for pets of various ages and physiological demands.
Europe Pet Food Protein Ingredients Market By Source type, 2021 (%)
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Europe Pet Food Protein Ingredients Market Regional Insights
Germany will emerge as Europe's fastest-growing country-level market. France is expected to have the greatest share of the European pet food protein ingredients market in 2021. The well-established pet food manufacturing sector, rising demand for innovative proteins, and more pet food product releases in France all contribute to this country's leadership position. Germany, on the other hand, is predicted to have the greatest CAGR throughout the projection period. The rapid expansion of this country-level market may be traced mostly to the increasing acceptance of high-protein diets for pets and the rising demand for functional and vegan pet meals.
Europe Pet Food Protein Ingredients Market By Geography, 2021-2028
- Largest
- Fastest
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Europe Pet Food Protein Ingredients Market Dynamics
Europe Pet Food Protein Ingredients Market Driver
- Increasing Pet Spending Driving Market Growth
Growing knowledge of the benefits of protein consumption for pets, an increase in pet population with a corresponding increase in pet spending, and increased demand for luxury pet meals are the primary drivers of the growth of the market. Additionally, rising consumer interest in innovative protein-based nutrition is expected to generate significant growth opportunities for European pet food protein component producers.
Europe Pet Food Protein Ingredients Market Restraint
- Fluctuating Raw Material Prices
Expansion of this market is projected to be hampered by changing raw material prices and a decline in free trade in Europe. Furthermore, regulatory regulations and interventions, large capital expenditures necessary for pet food production, and the possibility of counterfeit pet food products are projected to impede the growth of the European pet food protein ingredients market.
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Europe Pet Food Protein Ingredients Market Competitive Landscape
Due to the rising population and adoption of pets, key players are partnering with other market participants to improve production capacity. Manufacturers are developing cutting-edge technology to boost manufacturing capacity.
Europe Pet Food Protein Ingredients Market Top Player's Company Profiles
- Royal DSM N.V.
- Cargill, Inc.
- Archer Daniels Midland Company
- DuPont de Nemours, Inc.
- Roquette Frères
- Darling Ingredients Inc.
- Nutreco N.V.
- Kerry Group plc
- AGRANA Beteiligungs-AG
- Biomin Holding GmbH
- Ewos Group
- Sodrugestvo Group
- Lallemand Inc.
- The Scoular Company
- Bunge Limited
- Corbion N.V.
- Chr. Hansen Holding A/S
- Novozymes A/S
- Ingredion Incorporated
- AB Vista
Europe Pet Food Protein Ingredients Market Recent Developments
- In September 2022, BASF and Evonik agreed to grant Evonik non-exclusive licensing rights to OpteinicsTM, BASF's digital solution for increasing understanding and reducing the environmental footprint of the feed and animal protein industries.
- On June 2022, Royal DSM, a global purpose-driven science-based company, has announced the acquisition of Prodap, a Brazilian animal nutrition and technology company that combines technology offerings, consulting services, and customized nutritional solutions to drive efficiency and sustainability in animal farming.
Europe Pet Food Protein Ingredients Key Market Trends
- As pet food trends closely follow human food trends, innovative protein sources have grown popular in pet food applications as the emphasis on sustainable eating has expanded. Along with the increasing risk profile of livestock farming, many well-established animal-based product interests see civil society groups and food start-ups who sell their unique protein-based goods as more ethical and sustainable as a threat. There are several new sources that may be employed in pet diets. Pulse protein, insect protein, and microbial protein from sources such as spirulina, chlorella, bacteria, yeast, and fungi have emerged as viable and innovative protein sources for the future. Algae proteins, for example, are gaining popularity as an alternative to plant proteins due to their balanced amino acid profiles. They are full proteins that include all of the amino acids needed for metabolic activities such as enzyme synthesis. They also include fatty acids, such as omega-3 and omega-6, which are important in energy synthesis. The nutritional content of edible insects varies greatly. Nutritional values of edible bug species might vary based on metamorphic stage, environment, and diet. Protein, vitamins, calcium, iron, and zinc are abundant in insects. Such species might prove to be a vital element of the basic food in malnourished areas.
Europe Pet Food Protein Ingredients Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Europe Pet Food Protein Ingredients Market, The growing knowledge of the benefits of protein consumption for pets, an increase in pet population with a corresponding increase in pet spending, and increased demand for luxury pet meals are the primary drivers driving the growth of this market. The growth of this sector is expected to be impeded by fluctuating raw material prices and a fall in European free trade. In 2021, the Animal Byproducts segment is expected to hold the largest share of the Europe Pet Food Protein Ingredients Market. Veterinary Diets will have the highest CAGR throughout the forecast period. Germany will emerge as Europe's fastest-growing country-level market. Because pet food trends closely mirror human food trends, new protein sources have become increasingly popular in pet food applications as the emphasis on healthy eating has risen.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 54.76 billion |
| Market size value in 2031 | USD 83.6 billion |
| Growth Rate | 4.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Europe Pet Food Protein Ingredients Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Europe Pet Food Protein Ingredients Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Europe Pet Food Protein Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Pet Food Protein Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Pet Food Protein Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Pet Food Protein Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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