Pet Food Ingredients Market to Reach $57.68 Billion by 2031

The global pet food ingredients market is estimated to reach $57.68 billion by 2031, up from $41.55 billion in 2026, according to a report by MarketsandMarkets™. The market is expected to grow at a compound annual growth rate (CAGR) of 6.8% between 2026 and 2031.

Key factors driving this growth include increasing pet ownership and the trend of pet humanization, where pets are increasingly viewed as family members. Demand for premium and functional pet foods, coupled with a greater focus on pet health and nutrition, is also contributing significantly. The use of proteins, fibers, vitamins, minerals, and specialty ingredients in pet food, treats, and supplements is on the rise.

Animal-based ingredients are expected to lead the market, holding an estimated 53.8% share in 2026. The dry pet food segment is projected to experience the fastest growth with a CAGR of 7.0% from 2026 to 2031. Meat and meat products are anticipated to maintain a dominant share of the market.

The Asia Pacific region is identified as the fastest-growing regional market for pet food ingredients. Advancements in processing technologies, including fermentation and protein treatment, are enabling the development of more specialized and sustainable ingredient solutions.