DELRAY BEACH, Fla., Oct. 14, 2026 /PRNewswire/ — According to MarketsandMarkets™, the pet food ingredients market is estimated to be USD 41.55 billion in 2026 and is projected to reach USD 57.68 billion by 2031, at a CAGR of 6.8% from 2026 to 2031.
Pet Food Ingredients Market Size & Forecast
- Market Size Available for Years: 2022–2031
- 2026 Market Size: USD 41.55 billion
- 2031 Projected Market Size: USD 57.68 billion
- CAGR (2026–2031): 6.8%
Pet Food Ingredients Market Trends & Insights:
- The pet food ingredients market is experiencing substantial growth. This is primarily driven by rising pet ownership and pet humanization, increasing demand for premium and functional pet food, a growing focus on pet health and nutrition, and the expanding use of proteins, fibers, vitamins, minerals, palatants, and other specialty ingredients across pet food, treats, and supplements.
- The Asia Pacific region is estimated to account for 21.8% of the pet food ingredients market in 2026.
- By source, the animal-based segment is estimated to lead the market with a share of 53.8% in 2026.
- By form, the dry segment is projected to witness a higher CAGR of 7.0% from 2026 to 2031.
- By ingredient, the meat & meat products segment is expected to hold a dominant market share during the forecast period.
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The demand for pet food ingredients is increasing across dry food, wet food, treats, supplements, and specialized diets, supported by growing pet humanization and increasing consumer focus on pet health, nutrition, wellness, and preventive care. In dry and wet pet food, ingredients such as animal proteins, plant proteins, fats and oils, grains, functional carbohydrates, vitamins, minerals, and fibers are used to provide balanced nutrition, while functional ingredients such as probiotics, prebiotics, enzymes, omega-3 fatty acids, antioxidants, and specialty proteins are increasingly incorporated to support digestive health, immunity, skin and coat health, healthy aging, and overall well-being. Demand for natural, clean-label, sustainably sourced, highly digestible, and functional ingredients is also increasing as pet owners seek greater transparency and nutritional benefits. At the same time, advances in fermentation, protein processing, algae cultivation, enzyme technology, stabilization, and formulation are enabling ingredient suppliers to develop more specialized, sustainable, and application-specific solutions, further expanding the use of innovative ingredients across the pet food industry.
By source, animal-based segment to exhibit fastest growth rate during forecast period.
Animal-based ingredients are expected to be the fastest-growing source segment in the pet food ingredients market during the forecast period, driven by the increasing shift toward premiumization, specialized nutrition, and biologically targeted formulations. Pet food manufacturers are increasingly incorporating animal-derived ingredients to differentiate products through higher meat inclusion, novel protein sources, functional animal ingredients, and species-specific formulations. The expansion of fresh, refrigerated, freeze-dried, air-dried, and minimally processed pet food is creating additional opportunities for meat, poultry, fish, egg, and other animal-derived ingredients. Growing interest in novel and alternative animal proteins, including insect and marine-based sources, is also broadening the ingredient base while addressing sustainability and supply-chain considerations. Furthermore, advances in processing and ingredient preservation are enabling suppliers to maintain nutritional quality and improve the functionality of animal-derived ingredients, supporting their adoption in premium foods, treats, and specialized diets.
By ingredient, vegetables & fruits segment to record highest CAGR during forecast period.
By ingredient, the vegetables & fruits segment is expected to witness the fastest growth in the pet food ingredients market during the forecast period, driven by increasing demand for natural, functional, and nutrient-rich ingredients in pet diets. Pet owners are increasingly seeking formulations that include recognizable whole-food ingredients, while vegetables and fruits provide dietary fiber, vitamins, minerals, antioxidants, and other phytonutrients that can complement animal-based proteins and support digestive health and overall wellness. Their use is also increasing in premium, natural, fresh, and holistic pet food formulations, where ingredient transparency and clean-label positioning are important purchasing considerations. In addition, growing interest in functional nutrition is encouraging the incorporation of specific fruits and vegetables to support areas such as digestive health, immune function, and healthy aging, while improvements in ingredient processing and preservation are enabling manufacturers to incorporate these ingredients into dry food, wet food, treats, and specialized diets.
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Asia Pacific to be fastest-growing regional market for pet food ingredients during forecast period.
Asia Pacific is expected to be the fastest-growing region in the pet food ingredients market, supported by rapid growth in pet ownership and increasing spending on companion animals, particularly in China, India, Japan, South Korea, and Southeast Asia. In China, rising demand for premium and functional pet foods is driving the use of high-quality proteins, vitamins, minerals, probiotics, prebiotics, and omega-3 fatty acids, while India is witnessing expanding pet ownership, urbanization, and growth of organized pet food channels. Japan and South Korea have mature pet-care markets with strong demand for specialized, age-specific, and health-oriented nutrition. Across the region, pet humanization, rising disposable incomes, urban lifestyles, e-commerce penetration, premiumization, growing awareness of pet health, expansion of local pet food manufacturers, and increasing demand for sustainable and alternative ingredients are key factors accelerating the pet food ingredients market.
Top Companies in the Pet Food Ingredients Market
The report profiles key players such as BASF SE (Germany), Darling Ingredients Inc. (US), Cargill, Incorporated (US), Ingredion (US), dsm-firmenich (Netherlands), International Flavors & Fragrances Inc. (US), ADM (US), Kemin Industries, Inc. (US), Novonesis Group (Denmark), Roquette Frères (France), The Scoular Company (US), Symrise (Germany), Mowi Nutrition (Norway), Lallemand Inc. (Canada), Phileo by Lesaffre (France), and others.
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Investment Funding Context
Investment activity in the pet food ingredients market is supporting capacity expansion, manufacturing scale-up, and the development of next-generation nutritional solutions. In October 2023, ADM invested USD 33 million to establish a new pet food production line in Guadalajara, Jalisco, increasing its manufacturing capacity and supporting the expansion of its Ganador and Minino pet food brands. In November 2021, Petsource (US), a subsidiary of the Scoular Company (US), announced a USD 75 million investment to enhance its pet food ingredient portfolio and expand its production capacities. More recently, in April 2026, Symrise made a strategic equity investment in Bond Pet Foods to advance precision-fermentation technology for animal-identical proteins and accelerate the commercialization of sustainable ingredients for pet nutrition. These investments indicate increasing industry focus on expanding production capacity, improving processing capabilities, developing alternative and functional proteins, strengthening supply-chain resilience, and supporting sustainable pet food formulations.
Revenue Shift Context
The pet food ingredients market is shifting from conventional commodity ingredients toward higher value, functional, specialty, and differentiated ingredient solutions, supported by rising demand for premium, natural, clean label, sustainable, and nutritionally optimized pet food. Market spending is projected to increase from USD 41.55 billion in 2026 to USD 57.68 billion by 2031, at a CAGR of 6.8%, with growth increasingly driven by value-added ingredients such as meat & meat products, cereals, vegetables & fruits, fats, and additives that provide targeted benefits related to pet health, digestion, immunity, and overall well-being. This shift indicates that value growth is supported not only by increasing pet food consumption but also by premiumization, pet humanization, greater adoption of functional nutrition, and increasing use of differentiated and sustainably sourced ingredients at the ingredient level.
Mergers and Acquisitions
Key players have pursued acquisitions to strengthen their presence across the pet food ingredients value chain, expand ingredient portfolios, and enhance production and processing capabilities. In 2024, Darling Ingredients acquired Miropasz Group in Poland, strengthening its supply of animal-derived raw materials for proteins, meals, and pet food ingredients, while in 2023, the Scoular Company acquired Northwest Farm Food Cooperative’s frozen fish processing plant to expand its capabilities in producing fish ingredients for pet food manufacturers. ADM acquired South Sunrays Milling Corporation in the Philippines, while Symrise acquired Wing Pet Food in China to strengthen their portfolio of pet food solutions.
PET FOOD INGREDIENTS MARKET: MERGERS AND ACQUISITIONS, JULY 2022–FEBRUARY 2026
|
Month & Year |
Deal Type |
Company 1 |
Company 2 |
Description |
|
Feb-25 |
Acquisition |
Colgate-Palmolive Company (US) |
Care TopCo Pty Ltd (Australia) |
Colgate-Palmolive announced an agreement to acquire Care TopCo Pty Ltd, owner of Australia-based Prime100, a premium fresh pet food brand offering refrigerated and shelf-stable products. The acquisition was intended to expand Hill’s Pet Nutrition into the fast-growing fresh pet food category, strengthen its presence in Australia, and complement its existing science-led, veterinarian-endorsed nutrition portfolio. The transaction was expected to close in Q2 2025, subject to Australian regulatory approval. |
|
Jan-24 |
Acquisition |
Darling Ingredients (US) |
Miropasz Group (Poland) |
Darling Ingredients completed the acquisition of Miropasz Group, a Polish rendering company, for a purchase price of approximately EUR 110 million (USD 119 million). Miropasz processes around 250,000 metric tons of poultry by-products annually through three rendering plants in southeastern Poland. The acquisition expanded Darling Ingredients’ rendering network in Poland and strengthened its supply of animal-derived raw materials for products including animal proteins, meals, and pet food ingredients. |
|
May-23 |
Acquisition |
The Scoular Company (US) |
Northwest Farm Food Cooperative (US) |
Scoular, a worldwide supply chain enterprise, acquired Northwest Farm Food Cooperative’s frozen fish processing plant located in Burlington. This facility specializes in repurposing fish trimmings into frozen fish ingredients tailored for pet food manufacturers. The acquisition aligns with Scoular’s recent establishment of a joint venture fishmeal processing facility in Warrenton, Oregon, further enhancing its capabilities in this domain. |
|
Jun-22 |
Acquisition |
ADM (US) |
South Sunrays Milling Corporation (Philippines) |
ADM disclosed its acquisition of a feed mill located in Polomolok, South Cotabato, from South Sunrays Milling Corporation. This strategic move marks progress in the company’s commitment to meeting the growing demand for innovative and high-quality products in the animal and pet nutrition market across Asia. This addition further strengthens ADM’s position in offering a diverse range of cutting-edge products to cater to the region’s evolving needs. |
|
Jul-22 |
Acquisition |
Symrise (Germany) |
Wing Pet Food (China) |
Symrise finalized the acquisition of Wing Pet Food, formerly known as Wing Biotech. Renowned as a Chinese frontrunner in pet food palatability enhancers, Wing Pet Food is a prominent supplier of ingredients for pet food nutrition and protection. |
Company Revenue Share Details
The pet food ingredients market remains competitive, with the top five companies—BASF SE (Germany), Darling Ingredients (US), dsm-firmenich (Netherlands), Ingredion (US), and Cargill, Incorporated (US)—estimated to account for a combined market share of approximately 35–40%. These companies compete by expanding their portfolios of animal-based proteins, functional ingredients, specialty nutrition solutions, fats and oils, probiotics, and other value-added pet food ingredients, while strengthening production capabilities and developing innovative solutions for premium and functional pet nutrition.
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