The competitive landscape of the US pet food industry is pushing manufacturers to innovate and develop large-scale preservatives to meet the modern demands of pet owners. With a remarkable CAGR of 13.20%, the United States is leading the way in the growing pet food preservatives market. The increase in unique formulations and innovations in animal nutrition will promote robust growth in this sector.
NEWARK, Del., April 16, 2024 (GLOBE NEWSWIRE) – U pet food preservative market is set to be valued at 650.5 million USD in 2024 and is expected to reach 850.5 million USD by 2034, expanding at a CAGR of 2.70% until 2034. The growing demand for premium quality pet food products and organic is booming in pet food. condom market. With more pet owners opting for products that offer better shelf life and higher quality, food preservatives have become more important than ever.
The rise of eCommerce and online retail channels has made pet food products more accessible to consumers and boosted the demand for pet food preservatives. The next key driver of the pet food preservation market is the shift towards sustainable and eco-friendly pet food products. As consumers become increasingly environmentally conscious, they are looking for products that are healthy for their pets and good for the planet. Increasing regulations for the safety and quality of pet food around the world have pushed manufacturers to move towards formulated product solutions.
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Some challenges that must be faced if the market of animal conservatories to continue to grow. Perceptions among some pet owners that kennels are not safe for their pets. Consumers prefer fresh and natural pet food products, which leads to a decrease in the demand for pet food preservatives. In addition, competition from alternative pet food preservation methods such as refrigeration and freezing is seen as a more natural and healthier option, which is hindering the growth of the market for preservatives.
The limited availability of certain types of natural and organic preservatives leads to higher costs and limited market penetration, which eventually increases the cost of research for new preservatives, limiting the number of players in the market.
Key tips from Market Research
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The demand for dog food accounts for a market share of 56.00% in 2024.
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The pet food preservatives market in the United States is estimated to rise at a whopping CAGR of 13.20% until 2034.
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The pet food preservatives market in China is expected to develop at a CAGR of 12.80% until 2034.
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The market in Germany has the potential to increase at a CAGR of 9.60% until 2034.
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The pet food preservatives market in Japan is expected to swell at a CAGR of 4.90% until 2034.
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The pet food preservatives market in Australia and New Zealand is expected to increase at a remarkable 3.20% CAGR till 2034.
“Increasing demand for sustainable and eco-friendly pet food products and ongoing competition from alternatives will drive the future clamor for pet food preservatives ,” he says Nandini Roy ChoudhuryClient Partner in Future Market Insights.
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Competitive landscape
Manufacturers should invest in research and partnerships for high-quality ingredients to meet consumer demands and regulations. Optimizing production and distribution costs can ensure affordability and affordability, while marketing campaigns can increase consumer confidence and demand for preservative products.
Some key companies such as Kemin Industries, BASF SE, EI DuPont de Nemours and Company, etc., are expanding their product line and switching to sustainable and organic innovations to expand widely in the global market.
Recent developments
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Coop Italia has added more than 200 new pet food options with innovative ingredients such as insect meal, proteins and superfoods in February 2024.
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In September and November 2023, Corbion launched a sustainable, nutrient-dense pet food product, while Bully Max introduced a new puppy food formula with TruMune technology for better gut health and nutrient preservation .
Key company in the market
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Ultrafine rubbers
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BASF SE
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Balchem Inc.
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Bentoli
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Bill Barr & Company.
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Caldic BV
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PFIAA.
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Kerry Inc.
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Cargill, Incorporated
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Camlin Fine Sciences Ltd.
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Denes Natural Pet Care Ltd.
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DSM
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EI DuPont de Nemours and Company
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PetCoach
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Kemin Industries, Inc.
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Trouw Nutrition USA, LLC.
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DuPont
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Market segmentation
By product type:
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Nisin
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Natamycin
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Benzyl alcohol
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Salicylic acid
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Sorbic Acid
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Natural acids
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Botanical extracts
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Others
For the final application:
By form:
By Region:
Written by:
Nandini Roy Choudhury (Client Partner for Food & Beverages in Future Market Insights, Inc.) has more than 7 years of experience in management consulting. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
He has exceptional analytical skills and often brings thought leadership to the table.
Nandini has extensive functional expertise in key niches including but not limited to food ingredients, nutrition and health solutions, animal nutrition and marine nutrients. She is also well versed in the pharmaceutical, biotechnological, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
His core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini holds an MBA in Finance from MIT School of Business. He also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini is the author of several publications, and quoted in magazines including Beverage Industry, Bloomberg and Wine Industry Advisor.
Explore FMI’s Ongoing Food and Beverage Coverage:
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award recipient, and a member of the Greater New York Chamber of Commerce) offers deep insight into the driving factors that increase demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of more than 400 analysts worldwide, FMI provides global, regional and local expertise in various domains and industry trends in more than 110 countries.
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