The Pet Food Ingredients Market is projected to reach $73.30 billion by 2031, at a CAGR of 8.5% from 2024 to 2031. The growth of the pet food ingredients market is driven by the rising pet population coupled with increasing expenditure on pet food, the growing demand for premium pet food, and an increasing focus on pet health and wellness. However, the stringent regulatory structures and fluctuating raw material prices restrain the growth of this market.

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