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 USD 112.1 billion in 2023 to a projected USD 184.6 billion in 2033.
In recent years, human consumption of meat and poultry has risen significantly due to their high protein content. However, not all parts of animals, such as lungs, liver, and intestines, are consumed, creating disposal challenges. The production of animal digest offers a solution by processing these leftover parts, benefiting both waste management and pet health.
Today, many pet food products, particularly those for cats and dogs, contain animal digest. The production process involves breaking down animal tissues into peptides, which are then incorporated into pet food. While powdered animal digest is the most commonly used form, liquid and paste variants are also available.
Animal digest sales are growing across various countries worldwide. The United States currently leads the North American market, while Germany dominates in Europe. Both countries are expected to offer significant growth opportunities in the animal digest market in the coming years. In Asia, China and India are forecasted to become the key markets 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 USD 112.1 billion
- From 2023 to 2033, the market is slated to expand at a moderate 1% CAGR.
- A USD 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.
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.
Gain Immediate Access to Detailed Market Insights Purchase Now
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.
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, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
