NEWARK, Del., April 16, 2024 (GLOBE NEWSWIRE) — The pet food preservatives market is expected to reach US$650.5 million in 2024 and US$850.5 million by 2034. is expected to reach , growing at a CAGR of 2.70. The pet food preservatives market is seeing an increasing demand for premium and organic pet food products. Food preservatives are more important than ever as more pet owners opt for longer shelf life, higher quality products.
The rise of e-commerce and online sales channels has made pet food products more accessible to consumers, increasing the demand for pet food preservatives. The next major driver for the pet food preservatives market is the shift towards sustainable and environmentally friendly pet food products. As consumers become more environmentally conscious, they seek products that are healthy for their pets and good for the planet. Tightening regulations regarding pet food safety and quality worldwide are driving manufacturers to move towards formulated product solutions.
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There are several challenges that need to be addressed for the pet food preservatives market to continue to grow. There is a perception among some pet owners that preservatives are not safe for pets. Demand for pet food preservatives is decreasing as consumers prefer fresh, natural pet food products. Additionally, competition from alternative pet food preservation methods such as refrigeration and freezing, which are considered more natural and healthier options, is hampering the growth of the preservatives market.
Limited availability of certain types of natural and organic preservatives increases costs and limits market penetration, ultimately increasing research costs for new preservatives and reducing the number of players in the market. Limited.
Key points from market research
- The demand for dog food will account for 56.00% market share in 2024.
- The US pet food preservatives market is estimated to grow at a staggering CAGR of 13.20% by 2034.
- China's pet food preservatives market is expected to develop at a CAGR of 12.80% until 2034.
- The German market is likely to grow at a CAGR of 9.60% until 2034.
- The Japanese pet food preservatives market is projected to expand at a CAGR of 4.90% until 2034.
- The Australia and New Zealand pet food preservatives market is projected to grow at an impressive CAGR of 3.20% till 2034.
“Increasing demand for sustainable and environmentally friendly pet food products and continued competition from alternatives are fueling future demand for pet food preservatives.” To tell nandini roy chowdhuryFuture Market Insights Client Partner.
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competitive environment
Manufacturers must invest in high-quality raw material research and partnerships to meet consumer demands and regulations. Optimizing production and distribution costs can ensure affordability and availability, while marketing campaigns can increase consumer confidence and demand for preservative products.
Some leading companies, such as Kemin Industries, BASF SE, and EI DuPont de Nemours and Company, are expanding their product lines and moving toward sustainable and organic innovations to expand their operations broadly in global markets.
recent trends
- In February 2024, Co-op Italia added more than 200 new pet food options with innovative ingredients such as insect flours, proteins and superfoods.
- In September and November 2023, Corbion will launch sustainable and nutritious pet food products and Bully Max will launch a new puppy food formula featuring TruMune technology to improve gut health and nutrient retention. Announced.
Key players in the market
- altra fine gum
- BASF SE
- Balchem Co., Ltd.
- inventory
- Bill Barr & Company.
- Kardic BV
- PFIAA.
- Kelly Co., Ltd.
- Cargill Corporation
- Camlin Fine Science Co., Ltd.
- Denes Natural Pet Care Co., Ltd.
- DSM
- EI DuPont de Nemours & Company
- pet coach
- Kemin Industries Co., Ltd.
- Trou Nutrition USA, LLC.
- dupont
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market segmentation
By product type:
- Nisin
- natamycin
- benzyl alcohol
- salicylic acid
- sorbic acid
- natural acid
- plant extract
- others
By end use:
By form:
By region:
- North America
- latin america
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
author:
Nandini Roy Choudhury, Food and Beverage Client Partner at Future Market Insights, Inc., has over seven years of management consulting experience. She advises industry leaders and explores hidden opportunities and challenges. She implements processes and operating models to support business objectives.
She has excellent analytical skills and often provides thought leadership.
Nandini has extensive functional expertise in key niche areas including, but not limited to, food ingredients, nutrition and health solutions, animal nutrition, and marine nutrition. She also has expertise in the pharmaceutical, biotech, retail, and chemical sectors, advising market participants to develop methodologies and strategies that deliver results.
Her core expertise is in corporate growth strategy, sales and marketing effectiveness, acquisition and post-merger integration, and cost reduction. Nandini earned her MBA in Finance from MIT School of Business. She also holds a bachelor's degree in electrical engineering from Nagpur University, India.
Nandini has written for several publications and has been quoted in magazines such as Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI's relevant and ongoing coverage in the food and beverage space.
The global food preservatives market is estimated to reach a market value of USD 2,965.62 million in 2023. The market is expected to reach USD 5,725.7 million by 2033, registering a CAGR of 6.8%.
Cosmetic grade preservatives market has gained widespread valuation and is expected to expand to a size of USD 1,166.4 million by 2034, covering a CAGR of 6.50% till 2034.
The overall demand for plant-based preservatives is projected to grow at a CAGR of 6.6% between 2022 and 2032, with a total market valuation of USD 5.8 billion by 2032.
The global natural food and beverage preservatives market size is expected to reach USD 880.4 million in 2032.
Natural food preservatives market is expected to reach USD 435.2 million in 2022 and is projected to reach USD 856.1 million by 2032, growing at a CAGR of 7% from 2022 to 2032. To do.
The bread preservatives market is estimated to secure a valuation of USD 4.1 billion in 2023 and is estimated to increase to USD 7.7 billion by 2033.
The artificial preservatives market is transitioning to register a CAGR of 5.80% till 2034. The market value could rapidly grow from US$29.8 billion in 2024 to US$52.5 billion by 2034.
The animal feed preservatives market is expected to grow at a CAGR of 5.5% till 2034. The market is projected to increase from US$298.6 million in 2024 to US$512.2 million by 2034.
The pet food ingredients market is estimated to reach USD 42.2 billion in 2023 and is projected to reach USD 68.3 billion by 2033.
The pet food processing market is projected to be USD 6,684.4 million in 2024. The market value in 2023 was USD 6.348 billion. The market is projected to expand at a CAGR of 4.0% from 2024 to 2034.
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