Global Pet Food Ingredients Market will witness a substantial growth by 2025

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Global Pet Food Ingredients Market anticipated to
witness significant growth by 2025 Global Market
Insights Inc.
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Regional Analysis of Pet Food Ingredients Market

• North America pet food ingredients market led by
  the U.S., Canada and Mexico shall register a
  substantial growth during the forecast timeframe.
  Pet adoption in the region is increasing as they
  provide good company and security which may
  stimulate the regional market growth. In 2017,
  more than 85 million U.S families owned a pet.
  Furthermore, increasing demand for nutritional
  and healthy pet food may drive the market growth.
  
• Europe led by Italy, Spain, France, UK and
  Germany pet food ingredients market size shall
  witness a significant growth by the year 2025.
  The number of households having one pet is
  increasing rapidly, people are expanding more on
  pets owing to rising disposable income. In 2017,
  the number of pet cats was accounted at over 100
  million in Europe. Increasing consumer
  consciousness towards various nutritional
  elements for pet food which act as a major part
  of their diet may drive the regional pet food
  ingredients market growth.
• Asia pacific driven by Japan, India and China pet
  food ingredients market size shall account a
  substantial growth during foreseeable timeframe.
  Rising demand of pets owing to increasing young
  generation, compassion for pets and social status
  are the key factors driving the regional market.
  India pet market size is like to be valued at
  over USD 425 million in 2020 which may accelerate
  the regional product demand.

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Application Analysis of Pet Food Ingredients
Market

• Natural pet food ingredients like soy, corn,
  grains and vegetables are widely used owing to
  their high nutritional value and low cost are the
  key factors responsible for the increasing
  product demand. Global soy protein market was
  valued at over USD 5 billion in 2017. Natural pet
  food ingredients like soy and other vegetables,
  eggs and fish protein are widely used in pet
  foods owing to their high protein, vitamins and
  mineral content thereby accelerating the product
  demand.
• Palatants are used as pet food ingredients to
  make food taste better, it makes food palatable
  by making its taste and smell similar to meat or
  other flavors. The global palatants market size
  is likely to be accounted at over 2.5 billion by
  the year 2027. Palatants are used as taste
  enhancer as they impart certain flavors which
  attract pets to consume food, thus increasing the
  food consumption which in turn foster the market
  growth.
• Synthetic chemicals like Butylated Hydroxyanisole
  (BHA), Ethoxyquin and Butylated Hydroxytoluene
  (BHT) are widely used as pet food ingredients as
  they preserve pet foods owing to their
  antioxidant properties. Some researchers had
  claimed that BHA and BHT are hazardous for pets
  as it affects badly on their liver and kidney and
  are carcinogenic these may act as restraints to
  the market.

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Browse Full Market Research Report On Pet Food
Ingredients Market _at_ http//bit.ly/33fSpmP
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for this report _at_ http//bit.ly/2ZATpQk
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Market research reports Key analytical components
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Competitive Market Share of Pet Food Ingredients
Market

• Pet food ingredients market is highly fragmented
  owing to presence of large number of
  manufacturers. Companies like DuPont Nutrition
  Health, FoodSafe Technologies, AFB International,
  Diana Pet Food, Biorigin, American Dehydrated
  Foods, Alltech, Camlin Fine Sciences and BTSA are
  the key market players.

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