The animal digest market is expanding at a CAGR of 5%, reaching US$ 99.47 Billion in 2022, with a projected market value of US$ 162.03 Billion in 2032.
Animal digest market share is expected to show high growth in the coming years due to adopting and increasing pet populations all around the globe. The sales of animal digests are expected to grow high as per the demand generated by consumers in the forthcoming year.
Animal digest usually comes in liquid form, but also made in paste and powder forms. Where liquid holds the major share in the market and continues to grow in the forecasted period as well. Animal digest market is expected to show the high growth in the coming years owing to the increasing pet population all around the globe.
Animal digest is an ingredient majorly used in the pet food industry for flavouring and adding protein to animal food. It is manufactured by the enzymatic or chemical hydrolysis of animal tissue which has not suffered decomposition. This is defined by the Association of American Feed Control Officials, and according to the Food and Drug Administration, animal digest is a pet food ingredient that has been treated with enzymes, heat, or also from acids to produce a product which is concentrated and intended as a natural flavouring.
Rising trend of pet humanization and increasing pet-loving population around the worldwide generate demand for good food with high-quality ingredient for their pet. Which directly impacting the demand of animal digest as a value-added ingredient in animal food.
Therefore, this factor work as a primary driving factor for animal digest in the pet food industry at the global level. Also, the growing demand for premium dog food products from developing and developed regions is one of the driving factors for the significant share of the animal digest in the pet food ingredients market. Animal digest is the low-cost ingredient as compared to the other palatability ingredients for pet food. Hence, it is more preferable from the animal food manufacturers for the further production of an animal final food product.
Therefore, this low cost of animal digest result as a driving factor in the coming years, owing to the increasing rate of other palatability ingredients. Along with the numbers of driving factor, there are some factors which restrict the growth of animal digest in the pet food industry. Such as the growing trend of plant-based pet food protein and use of unclean label animals in the production of the animal digest.
Global Animal Digest market: Key Players
Some of the major manufacturers and suppliers in the global animal digest market are Kemin Industries, Inc., ADM Animal Nutrition, BASF SE, Cargill, Incorporated., Darling Ingredients inc., John pointon& sons ltd., DowDuPont Inc., Nestlé S.A, Omega Protein Corporation and more who are entering in the animal digest production process. Due to its low cost and high demand from animal food manufacturers in developing as well as in developed regions.
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