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Europe Pet Food Protein Ingredients Market size was valued at USD 54.76 billion in 2019 and is poised to grow from USD 57.4 billion in 2023 to USD 83.6 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

Due to the rising population and adoption of pets, key players are partnering with other market participants to improve production capacity. Manufacturers are developing cutting-edge technology to boost manufacturing capacity. 'Royal DSM N.V.', 'Cargill, Inc.', 'Archer Daniels Midland Company', 'DuPont de Nemours, Inc.', 'Roquette Frères', 'Darling Ingredients Inc.', 'Nutreco N.V.', 'Kerry Group plc', 'AGRANA Beteiligungs-AG', 'Biomin Holding GmbH', 'Ewos Group', 'Sodrugestvo Group', 'Lallemand Inc.', 'The Scoular Company', 'Bunge Limited', 'Corbion N.V.', 'Chr. Hansen Holding A/S', 'Novozymes A/S', 'Ingredion Incorporated', 'AB Vista'

Increasing Pet Spending Driving Market Growth

As pet food trends closely follow human food trends, innovative protein sources have grown popular in pet food applications as the emphasis on sustainable eating has expanded. Along with the increasing risk profile of livestock farming, many well-established animal-based product interests see civil society groups and food start-ups who sell their unique protein-based goods as more ethical and sustainable as a threat. There are several new sources that may be employed in pet diets. Pulse protein, insect protein, and microbial protein from sources such as spirulina, chlorella, bacteria, yeast, and fungi have emerged as viable and innovative protein sources for the future. Algae proteins, for example, are gaining popularity as an alternative to plant proteins due to their balanced amino acid profiles. They are full proteins that include all of the amino acids needed for metabolic activities such as enzyme synthesis. They also include fatty acids, such as omega-3 and omega-6, which are important in energy synthesis. The nutritional content of edible insects varies greatly. Nutritional values of edible bug species might vary based on metamorphic stage, environment, and diet. Protein, vitamins, calcium, iron, and zinc are abundant in insects. Such species might prove to be a vital element of the basic food in malnourished areas.

Germany will emerge as Europe's fastest-growing country-level market. France is expected to have the greatest share of the European pet food protein ingredients market in 2021. The well-established pet food manufacturing sector, rising demand for innovative proteins, and more pet food product releases in France all contribute to this country's leadership position. Germany, on the other hand, is predicted to have the greatest CAGR throughout the projection period. The rapid expansion of this country-level market may be traced mostly to the increasing acceptance of high-protein diets for pets and the rising demand for functional and vegan pet meals.

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Europe Pet Food Protein Ingredients Market

Product ID: SQMIR30B2039

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