ADM

Pet Food Ingredients Market to Reach USD 57.68B by 2031

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Pet Food Ingredients Market to Reach USD 57.68B by 2031

Delray Beach – October 14, 2026 -- The pet food ingredients market will grow from USD 41.55 billion in 2026 to USD 57.68 billion by 2031, a 6.8% CAGR, according to MarketsandMarkets.

Animal-based ingredients hold 53.8% share as premiumization lifts meat inclusion

The animal-based segment is estimated to lead the market with a 53.8% share in 2026. The report also expects it to be the fastest-growing source segment through 2031. Manufacturers are differentiating products with higher meat inclusion, novel proteins and species-specific formulations.

Fresh, refrigerated, freeze-dried and air-dried formats are opening additional demand for meat, poultry, fish and egg ingredients. Insect and marine-based proteins are broadening the ingredient base and addressing sustainability and supply-chain considerations.