Growth and Opportunities in the Australia Pet Food Ingredients Market-2030

The Australia Pet Food Ingredients Market is expected to reach USD 1609.2 million by 2030, growing at a CAGR of 9.5%. In terms of volume, the market was valued at 207.95 kilotons in 2023 and is projected to reach 322.31 kilotons by 2030, with a CAGR of 6.1%.

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This market focuses on the production and distribution of key raw materials used in formulating pet foods to meet the nutritional requirements of various animal species.

In 2022, there were approximately 6.9 million pet-owning households in Australia. This rise in pet ownership is driving the demand for nutritious, high-quality food options, prompting increased competition among manufacturers to innovate and expand their product offerings.