Pet adoption and need to improve the palatability of pet food to drive the market for pet ingredients at a CAGR of 5.5% from 2018 to 2023

A global rise in the pet population, as well as increased ownership of pets supported by pet adoption, has been one of the significant factors that have been increasing the demand for pet food ingredients worldwide. According to the 2017-2018 National Pet Owners Survey conducted by the American Pet Products Association (APPA), “pet ownership stands at 68% of all US households. With the US Census...