According to the report “Pet Food Ingredient Market by ingredients (cereals, meats and derived products, vegetables, fruits, fats and additives), origin (animal, vegetable and synthetic), pet (dog, cat and fish), shape (dry or liquid) and region Global forecast 2023 ″, the pet food ingredients market is estimated at USD 34.96 million in 2018 and is projected to reach a value of USD 45.44 billion in 2023, with 5.4% CAGRs.
The market is driven by factors such as the increase in the population of animals and the humanization of the domestic animal. The main food industry companies are investing in research and development activities to develop innovative food ingredients, in addition to participating in activities to expand their production facilities and geographic expansion through strategic acquisitions to strengthen their production capacities and increase their portfolio of products.

The meat and meat products segment accounted for most of the pet food ingredients market in 2017.Meat and meat products accounted for the largest share of the pet food ingredients market in 2017, followed by cereals. Meat products and meat meal form an important source of protein, an essential nutritional requirement in the development of domestic animals. Most meat and meat products are by-products of food products for human consumption and therefore become an economical solution for pet food manufacturers. In addition to being profitable, meat and meat products improve the palatability and acceptance of pet food.

The dog segment was responsible for the largest share of the pet food ingredients market in 2017.
Among all domestic animals, the canine segment was responsible for the largest market share in 2017. The growing demand for dog food in developed countries, as well as in developing countries such as China, is one of the factors of the high market share in this segment. Emerging markets such as China have a positive outlook for the dog food market, the population of these animals outnumber the feline population, the growing popularity of dogs as pets, the established e-commerce sector and high rates of dog ownership in China's urban cities. Most countries in Europe and North America have followed the trend towards prioritization and fed their dogs high quality food. With multinational manufacturers capitalizing on this trend and strengthening their presence in emerging markets like China and Brazil, the dog food ingredients market is expected to grow at a steady pace.

The dry segment represented the largest market share between the two types of pet food ingredients in 2017.

The dry form of pet food ingredients was produced by dog food making machine https://www.zenopelletmachine.com/product/dog-food-making-machine/ ,which represented a larger market share. Dry ingredients are used in pet food on a large scale, and their popularity can be attributed to their economical nature and low moisture content, which facilitates convenient handling during processing and storage. Unlike ingredients of animal origin, such as fresh meat, which has a higher moisture content, meat flour is dehydrated, more concentrated and economical than the previous one. Because of these factors, the market for the dry form of pet food ingredients accounted for the largest share.