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Get detailed analysis of the COVID-19 impact on the Functional Pet Food Market

Global Functional Pet Food Market Opportunities and Forecast 2020-2027

  • DLR2787
  • 02 September, 2021
  • Food & Beverages
  • Pages: 120
  • Global
Global Functional Pet Food Market, By Ingredients Type (Carotenoids, Vitamins, Minerals, Omega-3 Fatty Acids, Prebiotics, Proteins, Probiotics, Others), By Application (Bone Health, Brain Health, Obesity, Heart Health, Others) and opportunities and forecast 2020-2027

Functional Pet Food Market Overview

Demand for natural food products is on rise wherein growing number of pet owners are looking for food products with clean label ingredients which is one among the prime factors contributing towards the market growth of functional pet food ingredients. For instance, numerous studies have demonstrated the efficacy of chicory root fiber in pet food diet in terms of treating obesity. Thus, increasing sales within the naturally and organically derived functional pet food products category is predicted to drive the marketplace for natural functional pet food ingredients market within the near future.

 Furthermore, increasing number of pet ownerships in addition to growing spending on pet food products across the world has increased the demand for functional pet food products and thus, the marketplace for functional pet food ingredients. For instance, as per data reveled by The American Pet Products Association (APPA), with each passing year, U.S. consumers continue to amplify their total spend on their pets. This factor features a significant impact on the demand of functional pet food ingredients within the near future.
 
Covid-19 Impact on Functional Pet Food Market:

A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world
 
Functional Pet Food Market Segment Overview
 
Functional Pet Food market segmented into By Ingredients Type and Application.
Functional pet foods are specialty feed formulations enriched with natural ingredients that are aimed to supply health benefits. Probiotics, prebiotics, omega-3 fatty acids, nucleotides, and enzymes are the main functional ingredients finding a task in pet animals' well-being.

By application, these formulations are proven to supply a good range of health benefits in pets. Weight management, dental health, digestive health, and system boosting are key functional areas of interest among pet owners. Also, functional pet foods aid in disease prevention and treatment among dogs and cats. The growth of the market is often majorly owing to the growing emphasis on preventative healthcare among pet owners. The U.S. and Europe are at the forefront of adopting nutritional diets that specialize in their pets' health and longevity.

Market Analysis, Insights and Forecast – By Ingredients Type
·       Carotenoids
·       Vitamins
·       Minerals
·       Omega-3 Fatty Acids
·       Prebiotics
·       Proteins
·       Probiotics
·       Others

Market Analysis, Insights and Forecast – By Application
·       Bone Health
·       Brain Health
·       Obesity
·       Heart Health
·       Others
 
Functional Pet Food Market Regional Overview

Region-wise, in terms of regions, North America dominated the market thus impressive pet population and high pet care spending within the U.S. led to market growth within the region. The U.S. has been an early developer and consumer of functional pet foods globally because of nutritional diet awareness in pet health.
According to Pet Industry Outlook published in 2018, nearly 70% of the country's dog and cat owners highlighted the importance of functional pet food in preventative healthcare.

Functional Pet Food Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Functional Pet Food Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Functional Pet Food are highlighted below.

·        In March, 2018, Petcurean, which may be a family-owned Canadian company involved in creating premium-quality pet food recipes introduced freeze-dried meal mixers for dogs which are made with nutritional and functional pet food ingredients.

Functional Pet Food Market, Key Players

·       Kerry Group
·       DAR PRO Ingredients
·       Archer Daniels Midland Company
·       Marshall Ingredient
·       The Scoular Company
·       Roquette Frères,
·       Koninklijke DSM N.V.
·       Darling Ingredients International Holding B.V.
·       ISONOVA TECHNOLOGIES LLC
·       PDM Group
·       The Peterson Company
·       L.V. Lomas among others

Functional Pet Food Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Ingredients Type
        • 5.2.1. Carotenoids
        • 5.2.2. Vitamins
        • 5.2.3. Minerals
        • 5.2.4. Omega-3 Fatty Acids
        • 5.2.5. Prebiotics
        • 5.2.6. Proteins
        • 5.2.7. Probiotics
        • 5.2.8. Others
      • 5.3. Market Analysis, Insights and Forecast – By Application
        • 5.3.1. Bone Health
        • 5.3.2. Brain Health
        • 5.3.3. Obesity
        • 5.3.4. Heart Health
        • 5.3.5. Others
      • 5.4. Market Analysis, Insights and Forecast – By Region
        • 5.4.1. North America
        • 5.4.2. Europe
        • 5.4.3. Asia Pacific
        • 5.4.4. Latin America, Middle East, and Africa

      6. North America Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Ingredients Type
        • 6.2.1. Carotenoids
        • 6.2.2. Vitamins
        • 6.2.3. Minerals
        • 6.2.4. Omega-3 Fatty Acids
        • 6.2.5. Prebiotics
        • 6.2.6. Proteins
        • 6.2.7. Probiotics
        • 6.2.8. Others
      • 6.3. Market Analysis, Insights and Forecast – By Application
        • 6.3.1. Bone Health
        • 6.3.2. Brain Health
        • 6.3.3. Obesity
        • 6.3.4. Heart Health
        • 6.3.5. Others
      • 6.4. Market Analysis, Insights and Forecast – By Country
        • 6.4.1. U.S.
        • 6.4.2. Canada

      7. Europe Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Ingredients Type
        • 7.2.1. Carotenoids
        • 7.2.2. Vitamins
        • 7.2.3. Minerals
        • 7.2.4. Omega-3 Fatty Acids
        • 7.2.5. Prebiotics
        • 7.2.6. Proteins
        • 7.2.7. Probiotics
        • 7.2.8. Others
      • 7.3. Market Analysis, Insights and Forecast – By Application
        • 7.3.1. Bone Health
        • 7.3.2. Brain Health
        • 7.3.3. Obesity
        • 7.3.4. Heart Health
        • 7.3.5. Others
      • 7.4. Market Analysis, Insights and Forecast – By Country
        • 7.4.1. UK
        • 7.4.2. Germany
        • 7.4.3. France
        • 7.4.4. Italy
        • 7.4.5. Spain
        • 7.4.6. Russia
        • 7.4.7. Rest of Europe

      8. Asia Pacific Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Ingredients Type
        • 8.2.1. Carotenoids
        • 8.2.2. Vitamins
        • 8.2.3. Minerals
        • 8.2.4. Omega-3 Fatty Acids
        • 8.2.5. Prebiotics
        • 8.2.6. Proteins
        • 8.2.7. Probiotics
        • 8.2.8. Others
      • 8.3. Market Analysis, Insights and Forecast – By Application
        • 8.3.1. Bone Health
        • 8.3.2. Brain Health
        • 8.3.3. Obesity
        • 8.3.4. Heart Health
        • 8.3.5. Others
      • 8.4. Market Analysis, Insights and Forecast – By Country
        • 8.4.1. China
        • 8.4.2. India
        • 8.4.3. Japan
        • 8.4.4. Australia
        • 8.4.5. South East Asia
        • 8.4.6. Rest of Asia Pacific

      9. Latin America, Middle East, and Africa Functional Pet Food Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Ingredients Type
        • 9.2.1. Carotenoids
        • 9.2.2. Vitamins
        • 9.2.3. Minerals
        • 9.2.4. Omega-3 Fatty Acids
        • 9.2.5. Prebiotics
        • 9.2.6. Proteins
        • 9.2.7. Probiotics
        • 9.2.8. Others
      • 9.3. Market Analysis, Insights and Forecast – By Application
        • 9.3.1. Bone Health
        • 9.3.2. Brain Health
        • 9.3.3. Obesity
        • 9.3.4. Heart Health
        • 9.3.5. Others
      • 9.4. Market Analysis, Insights and Forecast – By Country
        • 9.4.1. Brazil
        • 9.4.2. Saudi Arabia
        • 9.4.3. UAE
        • 9.4.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Kerry Group
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. DAR PRO Ingredients
      • 10.6. Archer Daniels Midland Company
      • 10.7. Marshall Ingredient
      • 10.8. The Scoular Company
      • 10.9. Roquette Frères,
      • 10.10. Koninklijke DSM N.V.
      • 10.11. Darling Ingredients International Holding B.V.
      • 10.12. ISONOVA TECHNOLOGIES LLC
      • 10.13. PDM Group
      • 10.14. The Peterson Company

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