The Global Pet Food Ingredients Market size was valued at around USD 32.12 billion in 2023 and is projected to grow at a CAGR of around 7.1% during the forecast period, i.e., 2024-30. Most of the market expansion would be propelled by the mounting adoption of pets worldwide, especially among nuclear families, childless couples, singles in apartments, and others, as a companion and emotional support, demonstrating a high demand for pet food for the balanced health of the animals. Besides, with the growing trends of pet humanization & high emphasis on feeding nutritional food, consumers are augmenting the demand for an extensive range of pet foods, catering to the requirements of different animals with diverse needs. For instance:
Global Pet Food Ingredients Market Research Report: Forecast (2024-2030)