According to Future Market Insights (FMI), the global animal digest market is likely to register a modest 5.1% CAGR between 2023 and 2033. This should take its valuation from an anticipated US$ 112.1 billion in 2023 to a projected US$ 184.6 billion in 2033.
In recent years, meat and poultry consumption among humans has seen a significant rise because of its rich protein content. However, not all parts of fish, poultry, and meat are consumed by humans, which makes disposal of leftover parts like lungs, liver and intestines problematic. Animal digest production facilitates the processing of these parts and also helps pet owners in maintaining their pets’ health.
Nowadays, most pet food products, especially those catering to pet cats and dogs, contain animal digest. Production of animal digest involves breaking down animal muscles and tissues into peptides, following which it can be added to pet food. While powder animal digest is the most widely used product type, liquid and paste forms are available as well.
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Animal digest sales are increasing in multiple countries around the world. The United States is leading the North America market for animal digest right now, while Germany is the frontrunner in Europe. Both these countries are poised to provide lucrative opportunities to players in the animal digest market in the coming years. In Asia, China and India are likely to emerge as the markets with most potential for expansion between 2023 and 2033.
Key Takeaways from the Animal Digest Market Study
- In 2023, the global market for animal digest is likely to register a US$ 112.1 billion
- From 2023 to 2033, the market is slated to expand at a moderate 1% CAGR.
- A US$ 184.6 billion valuation is anticipated for the market in 2033.
- From 2018 to 2022, the market was observed to accelerate at a slow but steady CAGR of 6%.
- Right now, the United States market for animal digest is estimated to hold a 2% share in the global industry.
- Between 2023 and 2033, the United States, Germany, India, and China are likely to be the most lucrative markets for animal digest.
“The future looks bright for players in the global market for animal digest. However, they need to be mindful of the potential restraints that may limit market expansion. Several pet food brands have come under harsh criticism owing to their addition of animal digest from unspecified sources. Companies need to be mindful going forward in terms of where they are sourcing animal digest from and should clearly specify sources in product labels.” Says an FMI Analyst.
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Who is winning?
Players in the global market for animal digest are likely to invest heavily in sourcing efforts to ensure that their products are safe for pets. They are also likely to collaborate with leading and emerging pet food brands to strengthen their foothold in the market.
Kemin Industries, ADM Animal Nutrition, BASF SE, Cargill, Darling Ingredients, John Pointon and Sons Ltd, Nestle, Omega Protein Corporation, DowDuPont Inc., Novozymes, Foodchem, BRF Ingredients, New Alliance Fine Chem Pvt. Ltd., and Hill’s Pet Nutrition, Inc are among the most prominent players in the global animal digest market.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the animal digest market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the animal digest market based on form (paste, powder, liquid), source (pork, poultry, turkey, duck, salmon, lamb), and end use (cat food, dog food) across seven regions.
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About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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