Demand for natural food products is on rise wherein growing number of pet owners are looking for food products with clean label ingredients which is one among the prime factors contributing towards the market growth of functional pet food ingredients. For instance, numerous studies have demonstrated the efficacy of chicory root fiber in pet food diet in terms of treating obesity. Thus, increasing sales within the naturally and organically derived functional pet food products category is predicted to drive the marketplace for natural functional pet food ingredients market within the near future.
Furthermore, increasing number of pet ownerships in addition to growing spending on pet food products across the world has increased the demand for functional pet food products and thus, the marketplace for functional pet food ingredients. For instance, as per data reveled by The American Pet Products Association (APPA), with each passing year, U.S. consumers continue to amplify their total spend on their pets. This factor features a significant impact on the demand of functional pet food ingredients within the near future.
Covid-19 Impact on Functional Pet Food Market:
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world
Functional Pet Food Market Segment Overview
Functional Pet Food market segmented into By Ingredients Type and Application.
Functional pet foods are specialty feed formulations enriched with natural ingredients that are aimed to supply health benefits. Probiotics, prebiotics, omega-3 fatty acids, nucleotides, and enzymes are the main functional ingredients finding a task in pet animals' well-being.
By application, these formulations are proven to supply a good range of health benefits in pets. Weight management, dental health, digestive health, and system boosting are key functional areas of interest among pet owners. Also, functional pet foods aid in disease prevention and treatment among dogs and cats. The growth of the market is often majorly owing to the growing emphasis on preventative healthcare among pet owners. The U.S. and Europe are at the forefront of adopting nutritional diets that specialize in their pets' health and longevity.
Market Analysis, Insights and Forecast – By Ingredients Type
· Carotenoids
· Vitamins
· Minerals
· Omega-3 Fatty Acids
· Prebiotics
· Proteins
· Probiotics
· Others
Market Analysis, Insights and Forecast – By Application
· Bone Health
· Brain Health
· Obesity
· Heart Health
· Others
Functional Pet Food Market Regional Overview
Region-wise, in terms of regions, North America dominated the market thus impressive pet population and high pet care spending within the U.S. led to market growth within the region. The U.S. has been an early developer and consumer of functional pet foods globally because of nutritional diet awareness in pet health.
According to Pet Industry Outlook published in 2018, nearly 70% of the country's dog and cat owners highlighted the importance of functional pet food in preventative healthcare.
Functional Pet Food Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Functional Pet Food Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Functional Pet Food are highlighted below.
· In March, 2018, Petcurean, which may be a family-owned Canadian company involved in creating premium-quality pet food recipes introduced freeze-dried meal mixers for dogs which are made with nutritional and functional pet food ingredients.
Functional Pet Food Market, Key Players
· Kerry Group
· DAR PRO Ingredients
· Archer Daniels Midland Company
· Marshall Ingredient
· The Scoular Company
· Roquette Frères,
· Koninklijke DSM N.V.
· Darling Ingredients International Holding B.V.
· ISONOVA TECHNOLOGIES LLC
· PDM Group
· The Peterson Company
· L.V. Lomas among others
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Ingredients Type
- 5.2.1. Carotenoids
- 5.2.2. Vitamins
- 5.2.3. Minerals
- 5.2.4. Omega-3 Fatty Acids
- 5.2.5. Prebiotics
- 5.2.6. Proteins
- 5.2.7. Probiotics
- 5.2.8. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Bone Health
- 5.3.2. Brain Health
- 5.3.3. Obesity
- 5.3.4. Heart Health
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Ingredients Type
- 6.2.1. Carotenoids
- 6.2.2. Vitamins
- 6.2.3. Minerals
- 6.2.4. Omega-3 Fatty Acids
- 6.2.5. Prebiotics
- 6.2.6. Proteins
- 6.2.7. Probiotics
- 6.2.8. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Bone Health
- 6.3.2. Brain Health
- 6.3.3. Obesity
- 6.3.4. Heart Health
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Ingredients Type
- 7.2.1. Carotenoids
- 7.2.2. Vitamins
- 7.2.3. Minerals
- 7.2.4. Omega-3 Fatty Acids
- 7.2.5. Prebiotics
- 7.2.6. Proteins
- 7.2.7. Probiotics
- 7.2.8. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Bone Health
- 7.3.2. Brain Health
- 7.3.3. Obesity
- 7.3.4. Heart Health
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Ingredients Type
- 8.2.1. Carotenoids
- 8.2.2. Vitamins
- 8.2.3. Minerals
- 8.2.4. Omega-3 Fatty Acids
- 8.2.5. Prebiotics
- 8.2.6. Proteins
- 8.2.7. Probiotics
- 8.2.8. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Bone Health
- 8.3.2. Brain Health
- 8.3.3. Obesity
- 8.3.4. Heart Health
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Ingredients Type
- 9.2.1. Carotenoids
- 9.2.2. Vitamins
- 9.2.3. Minerals
- 9.2.4. Omega-3 Fatty Acids
- 9.2.5. Prebiotics
- 9.2.6. Proteins
- 9.2.7. Probiotics
- 9.2.8. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Bone Health
- 9.3.2. Brain Health
- 9.3.3. Obesity
- 9.3.4. Heart Health
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Kerry Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. DAR PRO Ingredients
- 10.6. Archer Daniels Midland Company
- 10.7. Marshall Ingredient
- 10.8. The Scoular Company
- 10.9. Roquette Frères,
- 10.10. Koninklijke DSM N.V.
- 10.11. Darling Ingredients International Holding B.V.
- 10.12. ISONOVA TECHNOLOGIES LLC
- 10.13. PDM Group
- 10.14. The Peterson Company
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
