Global Pulses
in Pet Food Market is expected to grow at a significant CAGR in
the upcoming years as the scope and its applications are rising enormously
across the globe. Pet food is a commercial feed, which is distributed and
prepared for consumption by pets. Pulses are known to be the good source of
amino acids, energy supplied by carbohydrates, and the building blocks of
protein. It is a combined term for legume seeds like chickpeas, peas, various
beans, and lentils. The pulses are nutritional tools that make pet food
healthier. It also contains substantial amount of fiber, maximum of which is
soluble and useful for digestive health. Moreover, these are an essential
functional ingredient for proper extrusion and physical binding in treats.
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The factors that are playing a major role in the growth of Pulses
in Pet Food Market are rising awareness about pet health and food. On the other
hand, factors that are restraining overall market growth are the absence of
proper supply chain, increasing the number of cases of allergies among humans
due to pets, and high cost for raw materials and production.
Pulses in Pet Food Market is segmented based on product types,
applications, and region. Product types such as Phaseolus & Vigna Genus,
Green/Yellow Peas, Chickpeas/Garbanzo Beans, Green/Red Lentils, and others
classify Pulses in Pet Food Industry. Applications into Birds, Dogs, Small
Mammals, Cats, and others classify the market. Dogs food segment accounts for
the largest market share of Pulses in Pet Food Market and is estimated to lead
the overall market in the years to come. Birds and cat food segment follow
suit.
Pulses
in Pet Food Industry is segmented geographically Americas (North America, Latin
America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America,
Middle East and Africa. Globally, North America accounts for the largest market
share of Pulses in Pet Food Industry and is estimated to lead the overall
market in the upcoming years. It is projected to grow at highest CAGR in the
years to come. The reason being, rising demand for grain-free food. The United
States is the major consumer of market. This is mainly due to the rise in pet
humanization and growing pet health concerns. Europe and Asia Pacific follow
suit. Europe accounts for the second largest share of Pulses in Pet Food
Market. The reason being, rising number of people are opting for pets and
rising disposable income. On the other hand, Asia Pacific is estimated to grow
at fastest pace in the upcoming years, as growing trend of keeping pets at
home.
The key players of Pulses in Pet Food Market are CanMar Grain
Products, Ingredion, Best Cooking Pulses, ADM, Xinjiang Longwang, Diefenbaker
Spice & Pulses, and AGT Food & Ingredients. These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
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