The pet food preservative market is set to be valued at US$ 650.5 million in 2024 and is expected to reach to US$ 850.5 million by 2034, expanding at a CAGR of 2.70% through 2034. Growing demand for premium and organic pet food products is flourishing in the pet food preservative market. With more pet owners opting for products that offer better shelf life and higher quality, food preservatives are becoming more important than ever.
Rise of eCommerce and online sales channels has made pet food products more accessible to consumers and boosted demand for pet food preservatives. Next key driver of the pet food preservative market is the shift towards sustainable and eco-friendly pet food products. As consumers become increasingly environmentally conscious, they are looking for products that are healthy for their pets and good for the planet. Increasing regulations for pet food safety and quality globally have pushed manufacturers to shift towards formulated product solutions.
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The competitive landscape of the U.S. pet food industry is driving manufacturers to innovate and develop large-scale preservatives to meet modern pet owners’ demands. With a remarkable CAGR of 13.20%, the U.S. is leading the way in the growing pet food preservative market. The surge in unique formulations and innovations in animal nutrition is propelling robust growth in this sector.
Some challenges that need to be addressed if the pet food preservative market is to continue to grow. Perception among some pet owners that preservatives are not safe for their pets. Consumers prefer fresh and natural pet food products, leading to a decreased demand for pet food preservatives. Additionally, competition from alternative pet food preservation methods like refrigeration and freezing is seen as a more natural and healthier option, deterring the market growth for preservatives.
The limited availability of certain types of natural and organic preservatives leads to higher costs and limited market penetration, which eventually increases the cost of research for new preservatives, limiting the number of players in the market.
Key Takeaways from the Market Study
- The demand for dog food accounts for a market share of 56.00% in 2024.
- The pet food preservative market in the United States is estimated to rise at a whopping CAGR of 13.20% through 2034.
- The pet food preservative market in China is anticipated to develop at a CAGR of 12.80% through 2034.
- The market in Germany has the potential to increase at a 9.60% CAGR through 2034.
- The pet food preservative market in Japan is projected to inflate at a CAGR of 4.90% through 2034.
- The pet food preservative market in Australia and New Zealand is predicted to rise at a remarkable 3.20% CAGR through 2034.
“Increasing demand for sustainable and eco-friendly pet food products and ongoing competition from alternates is spurring the future clamor for pet food preservatives,” says Nandini Roy Choudhury , Client Partner at Future Market Insights.
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Competitive Landscape
Manufacturers should invest in research and partnerships for high-quality ingredients to meet consumer demands and regulations. Optimizing production and distribution costs can ensure affordability and accessibility, while marketing campaigns can increase consumer trust and demand for preservative products.
Some key companies like Kemin Industries, BASF SE, E.I. DuPont de Nemours and Company, etc., are expanding their product line and shifting to sustainable and organic innovations for expanding broadly in the global market.
Recent Developments
- Coop Italia added over 200 new pet food options with innovative ingredients like insect flour, protein, and superfoods in February 2024.
- In September and November 2023, Corbion launched a sustainable and nutrient-rich pet food product, while Bully Max unveiled a new puppy food formula with TruMune technology for better gut health and nutrient preservation
Key Companies in the Market
- Altrafine Gums
- BASF SE
- Balchem Inc.
- Bentoli
- Bill Barr & Company.
- Caldic B.V.
- PFIAA.
- Kerry Inc.
- Cargill, Incorporated
- Camlin Fine Sciences Ltd.
- Denes Natural Pet Care Ltd.
- DSM
- E.I. DuPont de Nemours and Company
- PetCoach
- Kemin Industries, Inc.
- Trouw Nutrition USA, LLC.
- DuPont
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Market Segmentation
By Product Type:
- Nisin
- Natamycin
- Benzyl Alcohol
- Salicylic Acid
- Sorbic Acid
- Natural Acids
- Botanical Extracts
- Others
By End-Use Application:
- Dog Food
- Cat Food
By Form:
- Powder
- Liquid
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
