Europe Pet Food Protein Ingredients Market Worth $2.85 Billion by 2028 – Exclusive Report by Meticulous Research®

Europe Pet Food Protein Ingredients Market by Source (by animal products, feed grains, soy by-products, new proteins) and application (dry foods, wet foods, veterinary meals, sweets and snacks) – Forecast to 2028

Redding, CA, November 09, 2021 (GLOBE NEWSWIRE) – According to a new market research report titled “European pet food protein ingredients market By source (animal by-products, feed grains, soybean by-products, new protein), and application (dry foods, wet foods, veterinary foods, confectionery, and snacks) – Forecast to 2028″, Published by Meticulous Research®, the European Pet Food Protein Ingredients Market is expected to grow at a compound annual growth rate of 14.7% from 2021 to 2028 to reach $2.85 billion by 2028.

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Pet food manufacturers use many nutrients, including proteins, carbohydrates, fats, vitamins and minerals, during the production of pet food to provide the proper and balanced nutrition that pets require at different stages of life. Among these nutrients, protein plays an important role due to its multiple functions, including the delivery of amino acids that help build muscle, repair tissue, form enzymes and hormones, transport oxygen and iron through the blood, and support immunity.

In addition, proteins are also a source of energy and a major component of hair, skin, nails, ligaments, tendons, and cartilage.

The growth of the European pet food market is primarily driven by factors such as the increasing number of pets with a significant rise in pet expenditures, growing concerns about obesity in pets, increasing demand for premium pet food, and availability of pet food through a variety of channels. distribution. However, strict feed regulatory compliance and reductions in free trade restrict the growth of this market to some extent.

Additionally, the threat from counterfeit products and huge capital investments in pet food manufacturing poses a challenge to the pet food market in Europe. Moreover, this region’s dominance in the global pet food protein ingredients market is mainly attributable to the higher protein trend in the pet food market to enhance healthy performance, improve immune systems and healthy growth of animals.

The European Pet Food Protein Ingredients Market is segmented on the basis of source, application, and country/region. The study also assesses competitors in the industry.

Impact of COVID-19 on pet food in Europe Protein Ingredients Market

The COVID-19 pandemic has been a major disruption to the pet food supply chain in Europe. This pandemic has affected the pet food protein ingredients sector by affecting production, disrupting the supply chain and affecting the investment sector. On the positive side, pet food in Europe has been in increased demand during the COVID-19 pandemic. According to the European Pet Food Industry Association, the European pet food market grew by 10.2% in 2020 compared to 2019. This market growth is mainly due to increased pet ownership, the humanization of pets, and a steady increase in spending on each Pet, and an increase in the pet food market. To meet this demand, market players have shifted their focus from retail stores to e-commerce platforms by increasing their investment.

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Some online retailers reported strong sales numbers in their recent earnings releases. For example, in 2020, Zooplus (Germany) reported a 21% increase in sales over 2019 due to increased demand from existing customers and a stable flow of new customers. For Nestlé, pet care was the top performing product category, with sales growing nearly 14% in 2020 as of 2019, contributing to about half of the group’s organic sales growth. Hence, these increasing sales of pet food are expected to increase the demand for protein ingredients in the coming years, thus driving the growth of the pet food protein ingredients market in Europe.

Key Findings in the Pet Food Protein Ingredients Market Study

Based on source, the pet food protein ingredients market is segmented into animal by-products, feed grains, soybean and soybean by-products, and new protein sources. In 2021, the animal by-product segment is estimated to account for the largest share of the European pet food protein ingredient market. The large share of the segment is mainly attributable to the widespread adoption of animal by-products in the pet food industry, considering their high protein content, well-balanced amino acid profiles, improved digestion, and palatability.

Based on the application, the pet food protein ingredients market is segmented into dry pet foods, wet pet foods, veterinary diets, snacks, and other treatments. In 2021, the dry pet food segment is estimated to account for the largest share of the European pet food protein ingredient market. The large share of the sector is mainly attributed to the long shelf life of dry pet foods, cost-effectiveness, ease of storage and high energy content. However, the veterinary diets segment is expected to register the highest compound annual growth rate (CAGR) during the forecast period 2021-2028.

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Depending on the country, in 2021 it is estimated that France will account for the largest share of the total European pet food protein ingredient market. The prominent position of this country in this market is mainly attributed to the well-established pet food manufacturing sector, increased demand for new protein, and increased product launches. However, Germany is expected to grow at the highest compound annual growth rate during the forecast period. The rapid growth of this country is mainly attributable to the increasing popularity of adopting a high protein diet for pets, increasing demand for functional pet foods, and increasing demand for plant-based pet foods.

The major players operating in the European pet food protein ingredients market are Cargill, Incorporated (US), Roquette Frères Le Romarin (France), DuPont de Nemours, Inc. (US), Kerry Group plc (Ireland), Ingredion Incorporated (US), Archer Daniels Midland Company (US), Enterra Feed Corporation (Canada), Protix BV (Netherlands), Alltech (US), BHJ A /S (Denmark), Symrise AG (Germany), Omega Protein Corporation (US), SARIA A/S GmbH & Co. KG (Germany) and Darling Ingredients Inc. (US) and BENEO GmbH (Germany) among others.

The major players operating in the European pet food market are Mars, Incorporated (US), Nestlé SA (Switzerland), Ternarung-Duerer GmbH (Germany), Affinity Petcare SA (part of Agrolimin SA) (Spain), Colgate-Palmolive (Spain) US), JM Smucker Company (US), Monge & CSpa (Italy), Versele-Laga (Belgium), heristo aktiengesellschaft (heristo AG) (Germany), United Petfood (Belgium), Food Partner Pets (part of Cinven) (Hungary), Farmina Pet Foods Holding BV (Netherlands), and Vafo Group as (Czech Republic).

To get more market insights with a detailed table of content and numbers, click here: https://www.meticulousresearch.com/product/europe-pet-food-protein-ingredients-market-5207

Scope of the report:

European Pet Food Protein Ingredients Market, by Source

Europe Food Protein Ingredients Market, by Application

  • dry pet food

  • wet pet food

  • veterinary diet

  • Treats and snacks

  • Aharon.

European Pet Food Protein Ingredients Market, by Country/Region

  • France

  • Germany

  • United kingdom

  • Poland

  • Holland

  • Switzerland

  • Austria

  • Czech Republic

  • Belgium

  • Finland

  • Denmark

  • Sweden

  • Norway

  • Baltics

  • Rest of Europe

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