MELBOURNE, Feb. 20, 2023 (GLOBE NEWSWIRE) -- In-depth research conducted by Data Bridge Market Research delved into the "Pet Food Flavors Market" utilizing a qualitative approach. The study included over 100 market data tables, along with pie charts, graphs, and figures that were thoughtfully spread across multiple pages to provide a comprehensive analysis of the market. Market research analysis and estimations carried out in the Pet Food Flavors report aids businesses in attaining knowledge about what is already there in the market, what the market looks forward to, the competitive background, and steps to be followed for outdoing the rivals. Simplicity maintained in the research method and application of the best tools and techniques makes this market research report exceptional. The report is bifurcated into several attributes which can be listed as manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again elaborated in the first class Pet Food Flavors business report as required to describe the topic and provide maximum information for better decision making.
Data Bridge Market Research analyses that the pet food flavours market was valued at a USD 8.26 billion in 2021 is expected to reach the value of USD 15.23 billion by 2029, at a CAGR of 7.95 % during the forecast period of 2022-2029.
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Pet food is a specialized food or diet for domesticated animals that is designed to meet their nutritional requirements. Pet food flavours are made from a variety of pet food products, including animal or natural based ingredients.
As consumer preference for pet food flavours has increased over the last five years, manufacturers and suppliers of pet food products must optimise their product offerings to meet consumer demand. Flavour is a high-growth segment in the overall food ingredients market, and consumer preference for pet food flavours, combined with manufacturers' willingness to capitalise on the opportunity in this niche business, translated into increased demand for pet food flavours around the world.
Fundamental Aim of Pet Food Flavors Market Report
In the Pet Food Flavors market, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing the Pet Food Flavors Market Size and growth rate.
- Major alterations to the Pet Food Flavors Market in the near future.
- Notable Market rivals around the world.
- The Pet Food Flavors Market's Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
- Sales data and profiles of the world's leading Pet Food Flavors Market Players
Recent Development
- Nulo, Inc., a leading brand that manufactures and distributes pet food products such as super premium pet food and treats, announced in June 2020 that it has launched a new line of flavoured water supplements that can improve dogs' diets and maximise hydration.
- The company announced four new flavours: pork tenderloin, rotisserie chicken, beef brisket, and roasted lamb. Natural flavouring agents, vitamin B12, branched-chain amino acids (BCAAs), sodium, and potassium are among the other ingredients in these water supplements.
- West Paw, Inc., a leading U.S.-based pet foods brand that manufactures eco-friendly dog products, announced in May 2020 that it has launched a new portfolio of dog treats with two innovative flavours: peanut butter with banana and beef liver with pumpkin.
The Pet Food Flavors Market is Dominated by Firms Such as
- Kerry (Ireland)
- Givaudan (Switzerland)
- Firmenich SA (Switzerland)
- Sensient Technologies Corporation (U.S)
- Symrise, (U.S)
- T.HASEGAWA CO., LTD. (Japan)
- ADM (U.S)
- Huabao International Holdings Limited. (Hongkong)
- Takasago International Corporation (Japan)
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Opportunities for Key Players:
Veganism is no longer limited to the human food industry; the trend is also gaining traction in the pet care and pet food industries. A growing number of pet parents are turning to veganism because they believe that vegan food products are more nutritious than conventional counterparts, and they are making the same decision when selecting dog food products. Leading players in the dog food flavouring market are investing heavily in R&D to increase the use of vegan ingredients in their products and ensure that these ingredients have the same nutritional properties as meat-based variants.
Investing in this study would grant you access to valuable information, including:
- Comprehensive coverage of the Pet Food Flavors Industry, both globally and broken down by region.
- Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
- Country-specific market size splits for the most important countries with major market shares.
- Market share and revenue/sales data for the industry's leading players.
- Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter's Five Forces, and more.
- Detailed market size data, including breakdowns by application/industry verticals.
- Projections and forecasts for the market's future growth and development.
Key Market Segments Covered in Pet Food Flavors Industry Research
Type
- Natural Flavours
Application
- Cat Food
- Bird Food
- Fish Food
- Dog Food
Key Growth Drivers:
- Rising trend of pet humanization around the world.
As more and more pet owners want to provide their pets with human-like products or experiences, the term "pet humanization" is becoming a globally accepted term in the pet industry. Pet owners consider their pets to be family members, so they demand pet food that provides nutritional benefits, high ingredient quality, improved digestibility, and animal safety. This trend is boosting demand for high-quality pet food with high nutritional value. The humanization of pets has increased public awareness of healthy eating habits. It has enabled pet owners to spend more on high-quality pet food products, as evidenced by an increase in pet-related spending in recent years.
- Increase in the adoption of pets as well as diversification in flavours offered by the manufacturers
As the number of pets grows, so does the demand for pet food. The pet food flavour market closely follows the growing pet food market. The market offers a diverse selection of pet food flavours. Furthermore, many companies are emphasising the addition of new and more appealing flavours to their products.
Many companies, on the other hand, are focusing on developing new pet food flavours in order to increase their market presence. Demand for pet food flavour is increasing at a rapid pace in the global pet food flavour market, owing to increased disposable income and the growing trend of owning a pet.
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Pet Food Flavors Market Regional Analysis/Insights:
The countries covered in the pet food flavors market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
The majority of demand for pet food flavour comes from Asia-Pacific, North America, and Europe. The increasing demand for pet food flavour in this region is due to a variety of factors, including increased humanization and pet ownership. Furthermore, higher per capita expenditure on various pet food flavour products. In Latin America and the Middle East and Africa, rising urbanisation, per capita income, and the expansion of pet food companies will all contribute to an increase in demand for pet food flavour during the forecast period.
Core Objective of Pet Food Flavors Market:
Every firm in the Pet Food Flavors market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Pet Food Flavors Market Size and growth rate factors.
- Important changes in the future Pet Food Flavors Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Pet Food Flavors Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Pet Food Flavors top manufacturers profile and sales statistics.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Pet Food Flavors Market: Regulations
- Market Overview
- Global Pet Food Flavors Market, By Type
- Global Pet Food Flavors Market, By Application
- Global Pet Food Flavors Market, By Region
- Global Pet Food Flavors Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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