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Pet Food Antioxidants Market Trends

Report ID: GMI9007
Published Date: Apr 2024
Report Format: PDF

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Pet Food Antioxidants Market Trends

In the market, several trends are shaping the industry landscape. Firstly, there is a growing preference for natural antioxidants sourced from botanical extracts, vitamins, and carotenoids, reflecting consumers' desire for wholesome and minimally processed pet food options. Secondly, manufacturers are increasingly focusing on incorporating functional ingredients with specific health benefits, such as immune support and joint health, into pet food formulations to cater to pet owners' evolving concerns about their pets' well-being.

Additionally, there is a rising demand for premium and specialized pet food products, including those tailored for senior pets or pets with dietary sensitivities, driving innovation and product diversification within the market. Moreover, the trend towards humanization of pets is influencing product development, with pet owners seeking pet food products that mirror human dietary trends, such as organic, grain-free, and superfood-infused formulations. Finally, with the surge in e-commerce platforms and online pet food retailers, there is a growing opportunity for market expansion and direct-to-consumer sales channels, allowing consumers to access a wider range of pet food antioxidants products conveniently.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Pet food antioxidants industry size recorded USD 129 million in 2023 and is expected to register over 3.8% CAGR from 2024 to 2032, owing to the rising demand by consumers for high-quality and nutritious pet food options.

The synthetic antioxidants segment in the market accumulated USD 78.16 million in 2023 and is projected to witness substantial growth from 2024 to 2032, due to their longer shelf life and greater stability in pet food formulations.

North America pet food antioxidants industry accounted for USD 44.45 million in 2023 and is expected to expand at substantial CAGR from 2024 to 2032, due to a large population of pet owners and rising awareness of pet health.

Adisseo, Alltech, Archer Daniels Midland Company, BASF SE, Cargill, Caldic, Kemin, Koninklijke DSM N.V., Nutreco, Novus International are some of the major pet food antioxidants companies worldwide.