Tuesday, September 1, 2015

Pet food ingredient market to reach US$37 billion by 2020

A new report from Research and Markets examines the pet food ingredients market trends and forecasts to 2020.
The report, “Pet Food Ingredients Market by Source (Animal Derivatives, Plant Derivatives & Additives), Form (Wet & Dry), Animal (Dog, Cat, Bird, Fish & Others), & by Region - Global Trends and Forecasts to 2020,” says the market for pet ingredients is projected to reach US$37.3 billion by 2020. The report projects an increase in the use of pet food ingredients in manufacturing pet food and rising opportunities in emerging markets such as Japan, India, China, and Brazil. In 2014, the North American region was the largest market for pet food ingredients. The market in the Asia-Pacific region is projected to grow at a CAGR of 5.2% from 2015 to 2020.
Read more about ingredients in pet food from PetfoodIndustry.com:
Buckwheat: a viable grain-free pet food ingredient?: Buckwheat has been around for centuries, but seldom used in pet foods. Today there are just a few specialty foods and treats in the market that contain this seed in their blend of carbohydrates.
Casein: Does it have a use in pet food?: Modern pet food manufacturers are on constant look-out for new and novel proteins and seeking ingredients with high functionality from a physiological perspective. Casein is a protein that seems to fit the bill.
Citrus pulp: An alternative pet food fiber source? An alternative fiber source that has a great deal of research support and could be a good candidate is citrus pulp, but for some reason it seems to be virtually absent from pet food. While this situation may have nothing to do with nutrition, an understanding of what is at the root of the issue and whether there are some unrealized benefits that pet owners could reap from its inclusion is merited.
Nano ingredients: In considering the potential exposure of animals to nanotechnology, the US Food and Drug Administration (FDA)’s Center for Veterinary Medicine (CVM) has released draft guidance concerning the use of nanomaterials or the application of nanotechnology in food for animals, which includes pets.

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