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Grape seed extract is an ingredient commonly used in pet food formulations as an antioxidant and polyphenol, which helps to improve immune responses and nerve functionality. Therefore, pet food manufacturers are launching new products using grape seed extract, catering to consumer demand.
Due to increasing pet humanization, a growing number of pet owners are treating their animals as family members. Therefore, they give importance to high quality, healthy pet food which contain natural ingredients. According to a recent Future Market Insights (FMI) report, increasing the awareness about the benefits of natural and organic ingredients are proving beneficial to the grape seed extract market, reaching a valuation of US$ 39.2 Mn in 2021.
Grape seed extract is a naturally derived ingredient, which is considered essential in supporting pet health and general wellbeing. The Pet Food Manufacturers Association has stated that more than 54% of the pet owners are influenced by natural and organic ingredients claims on the pet food. Therefore, the trend of clean label ingredients is elevating the demand for grape seed and associated products in pet food applications.
Grapes seed extract applications in the pet food sector is reflecting sustained growth. Strengthening partnerships in high growth regions to expand product offerings across the globe and product innovation due to increasing demand for healthy food for pets are factors boosting the demand for grapes seed extract. According to FMI, conventional grape seed extract will remain highly sought-after in pet food application, accounting for over 78% of sales in the market in 2022.
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FMI has delved deeply into the prevailing dynamics of the market in order to offer interesting insights into the grape seed extract in pet food application market. Some of these are:
Key Takeaways from Grape Seed Extract Market Study
“Research and development activities are positively influencing the grape seed extract market. However, expenditure incurred can affect improvements in productivity, product quality and product portfolio. Innovation and R&D investments are key strategies adopted in the pet food industry to meet consumer demand. This in turn will positively influence grape seed extract supply chains through the assessment period,” said a lead analyst at FMI
Increasing awareness regarding health benefits of supplements for pets and consumers preference for pet foods that include beat pulp, grape seed extract, quillaja extract, tomato extract, and other natural ingredients will drive sales. Owing to the anti-oxidant and anti-inflammatory benefits of grape seed extract, demand in the pet food industry has grown.
Some of the key players operating in grape seed extract market are Purina., JM Smucker Co Louis Dreyfus Company B.V., Mars Incorporated, Betagro Public Company Limited, Affinity Petcare SA, Nutro Products Inc, Fromm Family Foods LLC., Dave’s Pet Food, Diana-pet food, Burgess Group PLC, Champion Petfoods, Hill’s Pet Nutrition, Evanger’s Dog & Cat Food Company, Inc, Lafeber Co., 4Legs Pet Food Company, Boulder Dog Food Company, L.L.C., Real Pet Food Company., Diamond Pet Foods and others.
Companies operating in the market are either adopting expansion strategies or are focusing on new product launches to gain competitive edge. For instance:
Grape seed Extract in Pet Food Application Market by category
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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The post Grape Seed Extract in Pet Food Application Market 2022-2031: Industry Size & Share, Segmentation, Growth Opportunities, Regional Analysis appeared first on Future Market Insights.
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