Next Move Strategy Consulting
Taiwan Pet Food Ingredients Market: Trends, Growth Drivers, and Future Outlook-2030
Taiwan Pet Food Ingredients Market: Trends, Growth Drivers, and Future Outlook-2030
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The Taiwan Pet Food Ingredients Market is expected to reach USD 1,226.9 million by 2030, growing at a CAGR of 13.0%. In terms of volume, the market size was 134.74 kilotons in 2023 and is projected to grow to 260.46 kilotons by 2030, with a CAGR of 9.4% from 2024 to 2030.
The pet food ingredients market involves the production and supply of essential raw materials used in pet food formulations to meet the nutritional needs of various animal species. These ingredients, which include proteins, carbohydrates, fats, vitamins, and minerals, are sourced from both plant and animal origins.
The growth in pet ownership in Taiwan, driven by an increasing pet population and more families adopting pets, is fueling the expansion of the pet food ingredients market.
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