The global pet food premix market is estimated to reach a market valuation of USD 2,654.3 million in 2024. Over the forecast period, global pet food premix demand is expected to surge at a 5.1% CAGR. By 2034, the total market is projected to reach a USD 4,008 million valuation.
Rising consumer awareness about the connection between pets and their owners is driving increased demand for protein-based products for pets, alongside intensifying animal farming practices. Pet owners now seek foods that mirror current human food trends in nutrition and health.
Understanding the use of ingredients such as vitamins, minerals, trace elements, and other essential components in pet food premix products, and the trend towards ingredient transparency, aligns with predominant consumer demand for clean labels and a desire to know what goes into their pets’ food.
Many serious illnesses in pets result from inadequate intake of vitamins and minerals, leading to a weakened immune system and increased susceptibility to various diseases. Ensuring proper nutrition is crucial for the healthy growth of pets, benefiting their overall health by providing essential vitamins and minerals in their food.
Future Market Insights (FMI) reports a significant surge in the Food Premix Market, driven by increasing consumer demand for fortified and convenient nutrition solutions. This growth is fueled by advancements in premix formulations and rising health awareness globally
The pet food premix industry is experiencing significant growth, driven by increasing demand for high-quality and nutritious pet food products. Sales of pet food premixes are projected to rise as pet owners seek customized and balanced diets for their pets. The market’s value is forecasted to expand, supported by advancements in pet nutrition and rising pet ownership rates globally. This growth trend is expected to continue, with a strong emphasis on health and wellness in pet care
Key Takeaways from the Global Pet Food Premix Study:
- The pet food premix market is projected to progress at a CAGR of 5.1% during the forecast period.
- The United States pet food premix market is expected to develop at a 4.6% CAGR during the forecast period.
- Based on form, the dry form segment is expected to dominate the pet food premix market with a 36% market share in 2024.
- Based on ingredient type, the vitamin segment is expected to hold a leading market share of 32%, aiming for a market valuation of USD 849.3 million in 2024.
“Pet food premix market players who invest efficiently in research and development and marketing are likely to generate higher sales than their competitors owing to their strong brand positioning,” – Nandini Roy Choudhury, Client Partner at Future Market Insights.
Competition Outlook
The pet food premix market comprises several significant big and small players. Though significant, there are no dominant single players. Brands are focusing on enhancing their production capacity and supply chain to cater to a wider audience. The players are establishing collaborations and partnerships among themselves to innovate products as per the customer appeal.
Strategies such as diversifying product range in terms of various formats and being available on multiple sales channels are proving to be leaders.
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Industry Updates
- In May 2023, DSM, a global health and nutrition company focused on purpose, revealed its intention to construct a state-of-the-art nutritional premix plant in Tonganoxie, Kansas. The new facility aims to supply the pet food industry with top-tier nutritional premixes for use in branded pet food products worldwide, with full operational readiness expected by early 2025.
- In February 2023, Evonik introduced its inaugural plant-based premix, PhytriCare® IM, designed to support animal health. This new product utilizes selected plant extracts rich in flavonoids, renowned for their anti-inflammatory properties. PhytriCare® IM is now accessible across the EU, with approval processes underway in other countries.
Leading Pet Food Premix Brands
- ADM
- DSM
- Wisium
- Zinpro
- Alltech
- Trouw Nutrition
- MIAVIT
- Koudijs
- Premier Nutrition
- AVITASA
- Nutri-Science
- MG3MIX
- D&D Ingredient
- Cargill Provimi
- Jubilant Ingrevia
- Others
Get valuable Insights into the Global Pet Food Premix Market
Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the global pet food premix market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034.
The study categorizes valuable insights into the global pet food premix. Segmented by pet type, the market has been categorized into dogs, cats, fish, bird, rabbit, and others. By ingredient types, the industry is branched into vitamins, amino acids, minerals, lipids, and others. By form, the industry is further categorized into dry and liquid
Different sales channels include store-based retailing, hypermarkets/supermarkets, convenience stores, mom & pop stores, pet food stores, independent grocery retailers, other retail formats and online retailers.
By Region, industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
Report Preview: https://www.futuremarketinsights.com/reports/pet-food-premix-market
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