Europe Pet Food Antioxidants For Meat Rendering Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 Europe Pet Food Antioxidants For Meat Rendering Market Growth & Trends

The Europe pet food antioxidants for meat rendering market size is estimated to reach USD 61.88 million by 2030 and is projected to grow at a CAGR of 1.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing demand for high-quality nutrition products as more and more people are choosing to adopt animals across Europe, especially dogs and cats. It is increasing the consumption of antioxidants used for preserving rendered meat used in their food products.

Increasing expenditure on high-quality food for animals by consumers has been main driver for antioxidants market in Europe. Owners have shifted towards nutritious intake to maintain the health and immunity of their animals. According to the European Pet Food Industry Federation (FEDIAF), Europe is a crucial major market with 340 million domesticated animals around the region. The purchase by European residents accounted for 10.5 million tons of food items, with approximately 46% of the households in the region containing a domesticated animal.

Natural antioxidants have emerged as a fast-growing segment, including ingredients such as vitamin E, vitamin C, and rosemary extracts, used in meat-based food items for preventing the oxidation of fats and oil, thereby reducing the chances of rancidity in the products. Major companies working in the region, such as Alltech, DSM, and Nutreco, have been focusing on introducing natural products to gain leverage from this new trend in the market.

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Europe Pet Food Antioxidants For Meat Rendering Market Report Highlights

• In terms of type, the natural segment emerged as the fastest-growing grade segment with a CAGR of 2.0% from 2024 to 2030 due to its increasing consciousness among customers regarding the importance of natural or organic products in the region, thereby increasing natural antioxidant consumption across Europe
• Russia emerged as the fastest-growing country with a CAGR of 2.1% from 2024 to 2030 due to a large pet population and the presence of major manufacturing companies
• New innovations such as lab-produced meat are going to have a crucial impact on the market due to the long-term preservation and usage time period provided by lab-produced meat products, decreasing the relevance of antioxidants for the purpose of preventing rancidity
• Major companies have shifted their focus on reducing their carbon footprint in production facilities. For instance, in October 2023, Purina Europe, owned by Nestle S.A., announced the launch of its first carbon-reduced pet food products range, Purina ONE DualNature. The launch was deemed as a step towards the company’s ambition to reduce carbon emissions by half by 2030
• The European Commission has put stringent regulations regarding usage of additives in pet food market. For instance, in October 2022, it limited the usage of additives such as sodium ascorbate, ascorbic acid, and calcium ascorbate for their antioxidant properties in tuna products

Access Press Release@ https://www.grandviewresearch.com/press-release/europe-pet-food-antioxidants-meat-rendering-market-analysis

Europe Pet Food Antioxidants For Meat Rendering Market Segmentation

Grand View Research has segmented the Europe pet food antioxidants for meat rendering market based on type and region:

Europe Pet Food Antioxidants For Meat Rendering Type Outlook (Volume, Tons; Revenue, USD Thousands, 2018 - 2030)

• Natural
• Synthetic

Europe Pet Food Antioxidants For Meat Rendering Regional Outlook (Volume, Tons; Revenue, USD Thousands, 2018 - 2030)

• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

List of Key Players in Europe Pet Food Antioxidants For Meat Rendering Market

• Adisseo
• ADM
• Alltech
• AstaReal Group
• BASF SE
• Camlin Fine Sciences Ltd.
• Cargill
• DSM
• Kemin Industries, Inc.
• Novus International, Inc.
• Nutreco

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.