The global animal-based pet protein market is expected to rise modestly between 2023 and 2033. According to a study analysis issued by Future Market Insights, the global market is expected to exceed a valuation of US$ 79,352 million in 2023. It is expected to be worth US$ 121,923 million by 2033. From 2023 to 2033, the market is expected to grow at a 4% CAGR.
The Animal-based Pet Protein market is witnessing significant growth as pet owners increasingly prioritize the nutrition and well-being of their furry companions. With rising awareness about the benefits of animal-based proteins for pets, the market is expanding to cater to diverse dietary preferences and specific nutritional needs, driving its continuous growth.
Growing trend of pet humanization is driving the need to provide them with protein rich pet food. Animal-based protein source helps in providing optimum nutrition to the pets to improve their metabolism.
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Subsequently, rising concerns regarding the health of the pets and increased spending capacity of the pet owners is expected to increase the consumption of animal-based pet protein in the coming decade.
Further, pet owners are changing their preferences towards consuming premium pet foods to ensure that a good diet could be followed by their pets. High levels of protein would help maintain a good digestive system and a smooth skin texture.
Hence, key participants such as Mars Petcare Inc. have come up technological advancements involving techniques that help in producing animal-based pet food which is rich in protein. This is expected to address the needs of consumers who are willing to provide a rich protein diet to the pets to ensure their good health.
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Key Takeaways from Market Study
- North America is expected to account for the maximum value share of the global market of about 38% by 2032, with the U.S. leading the growth in animal-based pet protein market.
- By nature, conventional type is expected to hold a value share of nearly 85% of the global market by 2022
- By product type, dry pet food is expected to account for the maximum market value share of about 39%, followed by wet pet food with ~30% value share in 2022
- In terms of packaging, the bag segment is expected to hold a value share of nearly 38% of the global market by 2022
- India and China are expected to dominate the South and East Asia animal-based pet protein market, respectively.
“Animal-based pet protein food manufacturers are likely to generate high revenue by producing animal-based pet food which is rich in protein. They are also introducing new products with high nutritional value to cater to the growing demand from pet owners,” says a Future Market Insights analyst.
Competitive Landscape
Leading players in animal-based pet protein market are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base. For instance,
- In 2020, Mars Petcare has introduced a premium pet nutrition brand named “Lams”, particularly in India. This brand was launched in the market with an aim to promote pet nutrition and health.
- In 2020, Eukanuba came up with its new product line which involved the first dog food prepared by using premium quality of animal proteins to ensure proper nutrition intake by pets.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global animal-based pet protein market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (dry, wet, treats and chews, and others), pet type (cat, dog, birds, and others), nature (organic and conventional), packaging (pouches, bags, folding cartons, tubs and cups, can, and bottles and jars), and distribution channel (store-based retailing and online retailers), across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.
Global Animal-based Pet Protein Market by Category
By Product Type:
- Dry
- Wet
- Treats & Chews
- Others
By Pet Type:
- Cat
- Kitten
- Senior
- Dog
- Puppy
- Adult
- Senior
- Birds
- Others
By Nature:
- Organic
- Conventional
By Packaging:
- Pouches
- Bags
- Folding Cartons
- Tubs & Cups
- Can
- Bottles & Jars
By Distribution Channel:
- Store-based retailing
- Hypermarket/Supermarket
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
- Online Retailers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
The report covers exhaustive analysis on:
- At what value the animal-based pet protein market is expected to reach?
- What is the demand outlook in the global animal-based pet protein market?
- What was the market value of animal-based pet protein market in the last five years?
- What are the key trends adopted by leading players in the global animal-based pet protein market?
- What is the share of top 10 companies in the animal-based pet protein market?
- Which are the major countries driving demand for animal-based pet protein?
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Future Market Insights (ESOMAR certified 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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